Business Ideas, Investing

5 Top Sectors to Invest In Nigeria In 2019

This post identifies top five sectors to invest in Nigeria.  It is intended to guide people who are looking at doing business in Africa’s second largest economy and one of the top attractive economies to do business in Africa . Nifgeria is good place to do business in spite of her challenges. Some of the critical drivers are high returns on investment  (ROI), relatively low labour cost, huge market, large consumer spending arising from her large population which is estimated at over 200 million people and a large endowment of natural resources to provide input to industries.  This is in…

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Palm Kernel Oil Supply Business

Discover How to Start Making N1 Million Monthly through Palm Kernel Oil Extraction and Supply Business! Do You Want To Make More Money In 2019? A huge untapped business opportunity All the information you need to start Palm Kernel Oil Supply Business You will get access to local and international organizations ready to pay you to supply them Palm Kernel Oil right now You can start exporting Palm Kernels to international companies that need it and earn in dollars monthly.  Guaranteed! Do you know there are companies and agencies here in Nigeria that are ready to pay you right now…

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Business Ideas

Thrift Collection Business – This Ancient Banking Model Is Still Very Profitable

The origin is not known but Thrift collection business has been with us for a very long time in Africa. The popular Alajo Shomolu, arguably the first known organised thrift collector to operate in Lagos, started his business in 1954.  It is an old micro banking model which allows people to save in small amounts on daily basis for a period of time towards specific goals. Another name for it is Money Collection or Daily Contribution. The yorubas call it alajo, it is osusu in Igbo and Adashe in Hausa. In Ghana it is known as susu and tontine in…

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Investing

Investment Opportunities in the Nigerian Money Market

The financial market provides the platform for mobilizing funding for all economic entities – government, businesses, and households. There are two main segments of the financial market, namely the money market and the capital market.  While the money market is structured to mobilize and distribute short-term funds to economic units, the capital market mobilizes funds for long-term needs. This blog post focuses on the money market.  If you are looking for where to earn a steady income on your money and do so on a continuous basis over time, then read on to learn of the various options in the…

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Business Ideas

Vegetable Farming In Nigeria – What You Never Knew Until Now

.Vegetable farming can be a money spinner for any enterprising entrepreneur. Why? Every household in Nigeria consume one type of vegetable or the other.  There is hardly any soup made in any household, in restaurants, hotel, local joints and boukas that will not contain vegetable.  And when you consider the fact that Nigeria has a population estimated at about 200 million people and still growing with hundreds of thousands of visitors into the country on a daily  basis, you will see why demand is high, why supply is always insufficient and why the business of vegetable farming is lucrative. If…

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Money Talk

Easy Ways to Make Money With Your Smartphone

If you have a smart phone and some data subscription you can earn good passive income by taking advantage of the many money making apps available at Android and iOS stores.  All you need do is download the mobile app of your interest and complete simple tasks as may be required.  These tasks may be to participate in a survey, watch short videos, play games or do such other simple things for which you may not spend more than 10 minutes doing. So rather than use all your data to socialize why not  covert that smartphone of yours to a…

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Business Ideas

10 Ways to Make Money This Christmas Season

Celebrated in about 160 countries, Christmas is arguably the most celebrated festival in the world.  Though a Christian rite observed in memory of the birth of Jesus Christ, the Christmas season has a universal appeal. Its universal appeal stems from the fact that the period coincides with the end of the year when social engagements are at their peak. End of year is usually packed with activities – companies hold retreats and strategy sessions for the coming year, individuals take vacations and travel around the world, social organizations hold dinners, town unions organize a get-together to end the year, fun…

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Grow Your Business

Effective Steps to Separating Your Business and Personal Finances

What I found common, in my interactions with a good number of entrepreneurs is that they find it difficult to separate their business finances from their personal finances. More often than not the entrepreneur uses proceeds from his business to finance family-related needs.  This practice is a major reason why businesses fail. It is important that entrepreneurs understand the difference between personal finance and business finance.  Personal finance deals with the management of an individual’s cash flow – how you earn income, how you spend what you earn, how you invest and how you manage your risk over time.   Simply…

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Money Talk

7 Ways to Make Money With Your Social Media Accounts

Social media networks come in many forms such as blogs, forums,  photo-sharing platforms, social gaming sites, microblogs, chat apps, and social network platforms like facebook, twitter, instagrams, youtube, etc. These have become an integral part of our daily lives so much that an average person is said to engage in one type of social media activity or the other for at least 2 hours every day. Facebook, the most popular social networking platform has about 2.3 billion active users as at second quarter of 2018 while it is estimated that by 2021 all social media networks combined will record about…

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Grow Your Business

Essential Tax Matters Every Business Owner Must Know to Avoid the Tax man Troubles

Tax! Let’s talk about it. A good number of small and medium business operators do not understand tax matters and how these affect their businesses, hence the high level of noncompliance. A certain study showed that over 80 percent of small businesses in Nigeria don’t pay taxes.  Some only realize the need to pay tax when their business premises are sealed up by the tax officials, face prosecution or are unable to bid for contracts because they do not have tax clearance certificates. It need not be like this! Understanding how tax matters affect your business and complying with the…

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