Business Ideas

How to Start A Block Industry In Nigeria

Block making (commonly called block industry) business can be a very profitable venture.  It is funny to me that some people still think that block making is a vocation for the uneducated and unskilled.  To the contrary, it is a lucrative business that can be scaled to become a large employer of labour.  Whether you are a school dropout, a graduate, a professional or a retiree looking for profitable business to engage in; block making is a venture to consider. The block industry is growing rapidly, why? The simple reason is rising population and increasing housing needs. Nigeria is estimated…

Continue Reading

Business Ideas

Sachet Water Production Business- Easy Way to Get Started

Its history is modest but sachet water production and sales has become a big industry in Nigeria. Before one smart entreprenuer started packaging water sachets in Lagos in early 1990’s, market women and children hawked iced water in small bottles.  The water was largely untreated as all the seller had to do was filled a couple of botlles with water from he tap in the compound, arrange the bottles in a Cooler then hawk them on the streets and in busy marketplaces.  No wonder that entrepreneur called his product Pure Water to differentiate it  from the crowd of iced water…

Continue Reading

Watermelon Farming
Business Ideas

How You Can Make Money With Watermelon Farming

If you are looking for a lucrative agribusiness to start this year, why not consider watermelon farming.  You know it, that juicy, refreshing fruit containing a very large quantity of water.  In fact, watermelon is about 93% water and contains essential vitamins C, B, and A.  It is high in protein, magnesium and is essential in managing weight, body temperature, and even blood pressure. You see it being hawked by our brothers from the North in wheelbarrows or by roadside market women. Perhaps, you see it displayed in Shoprite and other high-end grocery stores but what you may not know…

Continue Reading

Business Ideas

20 Small Scale Businesses You Can Start In Nigeria With Little Capital

By far the most frequent questions I have been asked at kobotalk in recent time are what small scale  business would I recommend in present  day Nigeria that somebody can easily start with small amount of investment capital? The eality is hitting, and more and more people, young and old now want to know how to start a business in order to leave the comfort of paid jobs. Why? Over 4 million Nigerians lost their jobs in 2017 according to National Bureau of Statistics data.  Many more had jobs that they wished they hadn’t – they were underemployed and so…

Continue Reading

Investing

How You Can Make Money by Investing In Mutual Funds

If there is one simple, easy and less complicated way of investing in the financial markets, it is through Mutual funds. It gives just everybody the opportunity to invest even without the sophisticated knowledge that the financial markets demand. It is also one of the most effetive ways one can invest with a small amount of money. This is why mutual funds are very popular in developed markets of the world such as the United States of America where studies show that 96 million people or 44% of household have mutual funds investment. Indeed, the American Mutual Funds Industry was…

Continue Reading

Investing

Your 9 Best Investment Options In Nigeria

Post Updated March 2019 Are you looking for areas to invest money in Nigeria and do so with peace of mind? Then read on!  In this post, I tried to highlight the best investment options in Nigeria for you. It is however,  important that you conduct your own due diligence before investing your money in any financial product or business.  If possible seek the help of your professional adviser. Now the Best Investment Options in Nigeria for those who want to make money with peace of mind. #1  FGN Bonds Government Bonds offer the best investment options for people who seek…

Continue Reading

Money Talk

8 Ways to Manage Your Money to Avoid Personal Money Troubles

The importance of money in our daily lives cannot be overemphasized. It is pervasive, yet very few people understand how to deal with the challenges arising from the use of it. If you want to live a good life you must learn how to manage your money better. Your money is an important aspect of your life. The amount of money you have can determine what you do, where you go and how you live on a daily basis. Learning how to manage your money is therefore an important step towards taking control of your life. Unfortunately, the school system…

Continue Reading

Investing

7 Key Items to Evaluate In Annual Report and Accounts

The annual report and accounts is one important document that you are entitiled to receive from your company every year as a shareholder.  It is prepared by  managment at the end of every fiscal year to give a summary of the company’s activities for that fiscal year and a projection for the coming years. Share holders are invited by the directors to attend an Annual General Meeting every financial year. Usually, the meeting is held within the first quarter of the new year to consider the audited accounts for the previous year, approve appointment of new auditors and directors if…

Continue Reading

Investing

What Is Emotional Investing and How to Deal With It

Many people who fail to achieve some level of success in investing in the financial market do not realize that allowing their emotions to influence their decisions may be the reasons they are not getting expected results. This post highlights the negative impact your emotions may be having on your investing experiences and points you to how to overcome it.

Investing

How to Open A CSCS Account and Trade Stocks In Nigeria

Whether you are investing in the shares of quoted companies, or in unquoted shares traded at the OTC platform or you are investing in government bonds; you should have a CSCS Account. Why? It is a requirement for investing in securities traded in Nigerian capital market CSCS is the primary depository service provider for the Nigerian capital market The Securities and Exchange Commission has given a deadline to eliminate the issuance of physical share certificate and to hold all investment in shares electronically, It is easy to monitor your investment portfolio with a CSCS account It guarantees the safety of…

Continue Reading