There are opportunities in Nigeria that can be explored for wealth creation. One of such is the food packaging business. This entails wrapping of food via different techniques to ensure its protection at any point, either during storage, distribution or to its destination. It involves activities and techniques that prevent food from becoming damaged or getting … Read more
We should first admit that one of the hardest things to do in Nigeria is to save money. There are many factors that have made it extremely difficult to successively save sufficient money in this part of the world. We can talk about the ever-increasing inflation, which compels citizens to keep paying more for goods … Read more
Providing security services, solar energy installations, Bureau De Change operation, SaaS, and coding are some of the untapped businesses in Nigeria that will fetch you a lot of money if you can strategize. For instance, the plan of the government to fix the energy issue may take some years before businesses and Nigerians will begin to … Read more
In a few weeks from now, millions of Christian homes around the world will be agog for the celebration of Christmas, a celebration that is famously known for crazy online demand for gift items ranging from fashion to consumables. The celebration period isn’t meant for those who want to satisfy their market needs, it’s also … Read more
The coast is now clear for former NYSC members to submit their applications for the Tertiary Institutions Entrepreneurship Scheme (TIES). The programme is a brainchild of the Central Bank of Nigeria (CBN) in pursuant to the CBN Act, 2007 to reduce unemployment among young graduates by supporting their creative and innovative ideas financially. Recalled that the governor … Read more
For Nigerians who engage in international trade: importation and exportation business, access to finance could be challenging, but this has specifically been solved by Stanbic IBTC bank. Called import and export finance, the financial support is aimed at solving some of the financial constraints Nigerian importers and exporters face in their trade. 6 Benefits of … Read more
Micro, Small, and Medium Enterprises or MSMEs constitute approximately 96% of businesses in Nigeria. There are even more SMEs in Nigeria than the United States which has 53percent and 60percent in Europe, studies say, but access the credit facility has been one of their major challenges. That’s why the microeconomic and financial analysts have severally … Read more
The movement of products across the border isn’t the same as inter-state trade. The seller can personally deliver an order from Ibadan to Lagos where his customers are based, it isn’t like that in international trade. Because of this, an exporter has to understand the export market before diving in. Risk is inevitable in any … Read more
In 2018, a Nigerian woman was diagnosed with cancer, chemotherapy became a financial burden. Instead of being dejected by the disease which has killed millions of people globally, Victoria Okpanachi refused to submit her dream to cancer. She embarked on research on how to fight the growth of cancer organically. And her efforts paid off. … Read more
The latest announcement by the tech giant, Google, to invest $1 billion USD to support digital transformation in Nigeria, South Africa, and other African countries will particularly impact business activities on the continent. The US-based company said the investment would take a period of five-year and it’s aimed at reducing internet prices and increasing internet … Read more
Somalia, Eritrea, Libya, South Sudan, and the Central African Republic are the top five worst African countries to do business, according to the World Bank. And those who have been following political development in these countries may not be surprised considering the fact that the crisis is peculiar to at least four of them. In … Read more
In 2017 when I signed up on Canva, I was only using it for fun like designing birthday logo for loved ones and sharing them on social media platforms. But the graphic design platform – which has both premium and free options – is a useful tool for businesses, particularly Small and Medium Enterprise (SME). … Read more
Summary: Every October 1 is a day set aside to celebrate Nigeria’s independence from its British colonial masters. As usual, the president came on national television to address Nigerians. Thankfully, no Nigerian is talking about whether it was pre-recorded, Nigerians are asking: Does the celebration worth it? In this analysis, we’re dissecting the 61st Independence … Read more
The Rivers state government is on the path of setting a precedence in the collection of Value Added Tax (VAT) law in Nigeria that could trigger a domino effect in the current demented federalism if the ruling of a High Court in the oil-rich state is upheld by an Appeal Court. Timeline: On August 10, … Read more
The term startup refers to a business in its early stage of operation which is usually owned and managed by one man or partners Because they start with limited resources, the early-stage decision and management can make or mar the success of the business In today’s digital age, where businesses are basically done online, entrepreneurs … Read more