Business Ideas

The Central Bank of Nigeria in a recent memo has decided to stop the sale of Foreign currency to Bureau De Change operators in Nigeria. How does that affect Nigeria’s financial sector and businesses that rely on Forex to pay for goods and services? Well, the Naira has witnessed a sharp fall, and is currently…

Export Trade is a very lucrative business in Nigeria, but only a few savvy business people have been able to harness its enormous potential. If you ask entrepreneurs in Nigeria why they are not keen about exportation, they’d either say that the business is capital intensive or that there are too many bottlenecks involved. However,…

Starting a business and making money online in Nigeria is not as difficult as most people think it is. We spend countless hours online doing networking, chitchatting, reading news, and getting entertained. But do you know that you could dedicate some of that time to create and sell value that will make you money online? …

A salon business is one of the fastest growing businesses to start in Nigeria. Once you take care of the skill part by employing skilled hands and managing them properly, the business can take off on its own and continue to grow. As an essential business, the demand for salons will never cease. However, the…

I get asked this question over and over again by online business enthusiasts who want to be sure before taking the plunge. I’ve done and still do freelancing, I’ve owned and sold several blogs, and I’ve made money both ways. So, I believe I have the necessary experience to give my opinion on which of…

I recently wrote a blog about how much bloggers can make in Nigeria via the Google Adsense program.  Ever since then, I’ve received a flurry of messages about how much someone can make through YouTube in Nigeria. There are so many questions that need to be answered on this issue. Are YouTubers well paid in…

Starting a business in Nigeria is hard. Not only is the business not guaranteed to make profit, there are systems in place to frustrate you. However, savvy business owners and entrepreneurs in Nigeria are still making a killing despite the several business challenges. I’ve seen small businesses making millions of Naira in monthly profit, and…

Recently, I wrote an article about how to upload business financials in the TEFconnect DMS portal. However, most people argued that on the DMS Guide, they were told to upload their Business Summary Document twice. To be clear, in the DMS Guide, there is a section that says, “You are required to upload your business…

Have you ever wondered what it takes to own a fast growing business in Nigeria?  Do you have the capital or funds to start a lucrative business in Nigeria but lack viable business ideas? Look no further, as we take a look at 5 of the most lucrative and fastest growing businesses in Nigeria right…