Nigeria’s tech startups steps in leaner era as profitability replaces unicorn chase

    Royal Ibeh | Editor’s picks | Mar 16, 2026    
Get Unlimited Access
Subscribe to unlock this article

Complete digital access to quality journalism on any device. Cancel anytime during your trial.

Once registered, you can:

  • Read this article and many more, including access to epapers and research
  • Enjoy customize article feed/recommendation based on your profile
  • Enjoy access to Businessday exclusive events
  • One-Access accross Businessday platforms

Share this article
Shared
4943
times

Nigeria’s once high-flying tech startup ecosystem has entered a quieter and more disciplined phase, as founders shift focus from rapid expansion and billion-dollar valuations to profitability, sustainability, and operational resilience.

Continue reading your article with a
BusinessDay subscription





Already a subscriber?
Sign In
RECOMMENDED STORIES
Technology
Why Nigeria’s population boom is fueling data centre gold rush
Nigeria’s rapidly growing population is emerging as one of the strongest drivers of investment in the country’s data centre industry, as global and local investors position themselves for what could become one of the world’s largest digital economies over
Royal Ibeh | Jun 03, 2026
Markets
Executive wealth: Seplat CEO and CFO now control N87bn in company shares
In a striking demonstration of corporate alignment and soaring equity value, Seplat Energy Plc's top executives have significantly consolidated their financial stakes in the indigenous energy giant.
Iheanyi Nwachukwu | Jun 02, 2026
Markets
How Tinubu's reforms drove Nigeria's stock market to N160trn
Three years ago, the market capitalization of the Nigerian Exchange (NGX) was N30 trillion. As of May 2026, it has grown to N160 trillion, representing an increase of more than five times.
Chinwe Michael | Jun 02, 2026
Politics
The economics of Atiku's 33-year Aso Rock pursuit
With his emergence as the presidential candidate of the African Democratic Congress (ADC) for the 2027 election, former Vice President Atiku Abubakar has once again positioned himself for a shot at Nigeria’s highest office.
Taofeek Oyedokun | Jun 02, 2026
support_agent
phone
mail_outline
language
help_outline
Conference Ad Conference Ad