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Investment In Start-ups Falls 78.2%
The Nigerian Investment Promotion Council (NIPC) has disclosed that investment in Nigeria’s start-up sector has continued to lose steam, falling massively by 78.2 percent. This is a drop to $57.55 million in April across 10 companies from $263.68 million in March. NIPC said this in its April 2022, investment highlights which shows that the ten…
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How Start-ups Raised $1.25bn In 2021
A Deals-book report has shown that startups operating in the Nigerian economy raised a sum of $1.25 billion deals in 2021. The report showed that the start-ups raised this sum through seed and series fundings across 91 deals within the year–with the tech sector attracting a significant portion of the funding. According to Nairametrics, The…