Startup – InfoStride News

Expert Advises Nigerian Startups to Focus on Foundational Structures

Temitope Nlewemchi — Fri, 18 Jul 2025 13:41:33 +0000

A business expert has called on Nigerian startups to prioritise the development of strong internal structures as a pathway to long-term sustainability, growth, and global competitiveness. The advice comes amid increased enthusiasm around entrepreneurship in the country, with many young founders focusing on scaling quickly without establishing sound operational frameworks. Speaking during a recent entrepreneurship [...]

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DropX Delivery: Closing Chapter After 2 Years of Operations in Nigeria

Temitope Nlewemchi — Thu, 21 Dec 2023 18:37:52 +0000

Infostride News has learned that a Nigerian startup utilizing a delivery app to streamline deliveries for businesses and individuals has officially ceased operations after two years in the market. The shutdown of DropX adds to the increasing number of Nigerian startups facing closure in 2023 due to the challenging economic landscape. Founded in 2021 by [...]

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TECH: Simplifyd raises $500,000 pre-seed funding, launches ZeroData

Temitope Nlewemchi — Tue, 22 Mar 2022 01:26:05 +0000

Nigerian startup, Simplifyd, has raised US$500,000 in pre-seed funding to solve the challenges associated with accessing affordable data. The new funding came from Future Africa and Y Combinator – after Simplifyd was selected for the W22 batch of the Silicon Valley-based accelerator. The startup was founded by Tomi Amao, Mayowa Amao, Sam Keiru and Abiola [...]

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African startups generate $4.65 billion fundings in 2021

Temitope Nlewemchi — Fri, 18 Feb 2022 20:31:15 +0000

African startups raised a sum of $4.65 billion in funding in 2021, despite the effect of the pandemic on world economies, surpassing its record in previous years. This is contained in a report titled Africa Investment report released by Briter Bridges. According to the report, financial technology companies accounted for 62% of the total funds [...]

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FG has signed Nigeria Start-up Bill – Pantami

Temitope Nlewemchi — Thu, 16 Dec 2021 23:39:02 +0000

The Federal Government through the Federal Executive Council approved and confirmed Nigeria’s internet technology bill known as the Startup Bill, which would be transmitted to the National Assembly for passage into law. This was mentioned by the Minister of Communications and Digital economy, Isa Pantami, on Wednesday after the FEC meeting presided over by the [...]

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Why African Entrepreneurs Need To Get Their Hands Dirty, Move Fast And Tweak

Wale Adebayo — Thu, 14 Jul 2016 17:52:25 +0000

A lot of startups are moving really slow today because the founders are not getting their hands dirty. Building a startup in Africa, especially in a country like Nigeria is no joke and you really need to go hard or go home. A lot of founders waste a lot of time building products customers do [...]

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Momentu, Inc. Launches Betera Menu, an All-New iOS App that Reimagines What a Restaurant Menu Can do [Press Release]

Susan William — Wed, 11 May 2016 10:33:10 +0000

A startup from Los Angeles creates a restaurant menu that can play videos of food before you order, keep track of your food adventures, and even connect you to local foodies around you. [PR.com]

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NYSC Secures 200m Naira Loan For Corps Members Needing Startup Capital | #Nigeria

Wale Adebayo — Sat, 22 Aug 2015 07:30:40 +0000

The National Youth Service Corps (NYSC), Friday, said it had secured over N200 million bank facility for disbursement to corps members as loans to enbale them start their own businesses. Brig.-Gen. Johnson Olawumi, the Director-General of the corps, said this when the Commander, Guards Brigade, Nigerian Army, Brig.-Gen. Musa Yusuf, paid a familiarisation visit to [...]

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