Category: Business Ideas

Business Ideas

16 Business Ideas In Nigeria Solid Minerals Sector

Buchi / March 31, 2019

The Nigeria solid minerals sector is one big untapped opportunity for investmet and business. As Nigeria makes efforts to diversify her economy away from crude oil, the exploitation of solid minerals is the next big thing apart from agriculture.  There are at least 44 solid mineral types in Nigeria’s soil most of which are available in proven commercial quantities but are largely unexploited.  These solid minerals are spread accross153 locations in the 36 states of the federation.  Thus, there is no state in Nigeria where you cannot find at least one solid mineral type. Some of the solid minerals in…

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Business Ideas

Agent Banking In Nigeria: All You Need to Know and How to Start It

Buchi / February 14, 2019

Agent banking is beginning to gain currency in Nigeria, yet not so many people know about it. If you have an existing small business that brings in cash on a daily basis, you can diversify your revenue streams by becoming a bank agent. Who is a bank agent A person or entity who, not being an employee of a bank, delivers banking services on behalf of the bank on an agreed commission using own premises and resources, is described as an agent bank Imagine you were returning from a family visit on a public holiday. Suddenly you had a problem…

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Business Ideas, Investing

5 Top Sectors to Invest In Nigeria In 2019

Buchi / January 21, 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 . Nigeria is a 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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Business Ideas

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

Buchi / December 30, 2018

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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Business Ideas

Vegetable Farming In Nigeria – What You Never Knew Until Now

Buchi / November 29, 2018

.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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Business Ideas

10 Ways to Make Money This Christmas Season

Buchi / November 5, 2018

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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Business Ideas

How to Make Money with Small Scale Plantain Chips Making Business

Buchi / July 11, 2018

The income potential of plantain chips production is enormous and this explains why more and more entrepreneurs are becoming interested in this segment of the food processing and packaging business. You can start very small, with as little amount as N50,000 even from your kitchen and grow to become big if you do it well and are consistent.

Business Ideas

10 Online Businesses You Can Start Immediately with Little or No Money

Buchi / June 8, 2018

Are you looking for a smart business to start right now that requires little or no capital investment? Many online businesses offer you that chance to make your mark as an entrepreneur without having to invest so much in terms of cash. Truth is, the internet has become an equalizer providing opportunities for the high and low, educated and illiterates, rich and poor.  All you need is a computer and a good internet access.  You don’t even need to have much technical knowledge, nor understand programming to do an online business.  You don’t need a brick and mortar presence (an…

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Business Ideas

9 Effective Steps to Start Blogging and Make Money

Buchi / May 20, 2018

Blogging has become a simple but effective online business model with which a good number of people have become financially free and influencial.  And for many people, having a blog is the first step towards starting a lucrative media career. Here in Nigeria blogging has produced many millionaires. Talk of the likes of Linda Ikeji, Makinde Azeez, Jide Ogunsanya, Uche Pedro, Japhet Omojuwa, and so many others. Blogging is one activity that can easily be scaled to incorporate other business strategies.   What A Blog Is Most people are not able to differentiate a blog from a website, yet as similar…

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Business Ideas

Start a Car Wash Business And Smile Regularly to the Bank

Buchi / April 30, 2018

Car Wash is a business you can start with what you have right now and still make a lot of money out of it.  The business involves setting up a facility where busy car owners come in to wash their cars for a small fee.  Whether you are a retiree looking for a business to keep you busy, unemployed who is not ready to dust your CV once more, or you have your day job but desires to have a system to earn passive income; even if you are a student who is looking for a way to put your…

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