Nigerian startups in trouble over shrinking venture capital

A growing number of Nigerian startups are shutting down their businesses as venture capital funding dries up and is becoming increasingly difficult to access, Business Hallmark findings have revealed.

Based on available reports, in the last six months alone, at least 32 once-promising startups have shut down business, with many others still battling to stay afloat, desperately looking for buyers to take them over.

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