Which Nigerian Startups are Actually Profitable?

Inspired by this Radar thread

People were transparent and open with me. People who sold their companies for hundreds of millions of dollars took a little time to pass it along to the new generation. In that spirit, we must be more transparent and open, otherwise everything descends into semantics and we all sit in our rooms making no progress. Or even worse, moaning about easily addressable things.
Revenue is vanity. Profits are sanity. Cashflow is King. A lack of profits is like cancer. It will kill you slowly. A lack of cash flow is like a heart attack. You die there and then. As the bank empties. So does your dreams of startup Nirvana.
Profits. There are various versions of this. You can be very ‘profitable’ and still need money to operate your organisation day-to-day. Cash flow positivity is more important.
The (total) net cash flow of a company over a period (typically a quarter, half year, or a full year) is equal to the change in cash balance over this period: positive if t...

Start your subscription for just
₦60,000 ($100/£80)
for 1 year.

Made a payment, but can’t access the blog?

Please provide the requested details so we can update your subscription.


Proof of payment

Please provide either a proof of payment or transaction number to help us quickly find your payment and update your subscription.



Press ESC to close search