Often asked: How To Start A Small Business In Nigeria?

What is the most profitable business in Nigeria?

1 Top Lucrative Business Ideas in Nigeria To Start In 2021.

• 1.1 1. Real Estate Business.
• 1.2 2. Cake and Cupcake Bakery.
• 1.3 3. Sales of Mobile Phone Accessories.
• 1.4 4. Blogging.
• 1.5 5. Egg Supply and Distribution.
• 1.6 6. Ice Block Production and Sale.
• 1.7 7. Car Wash Business.
• 1.8 8. Uberpreneur (Driver for Uber)

How much does it cost to start a business in Nigeria?

Incorporation fees are: ₦10,000 (US$67) for a company whose nominal share capital does not exceed ₦1,000,000 (US$6,711) and ₦10,000 (US$67) for every ₦1,000,000 (US$6,711) thereafter. ₦500 (US$3.3) incorporation forms. 1.5% stamp duty paid on capital.

What business can I start with little money in Nigeria?

20 Small Businesses In Nigeria You Can Start With little Capital

• #1 Sale of Drinks and Water.
• #2 Bread Supply and Distribution.
• #3 Eggs Supply and Distribution.
• #4 Blogging.
• #5 Sale of Mobile Pone Accessories.
• #6 Mobile Phone Repairs.
• #7 Dry Cleaning and Laundry Services.
• #8 Plantain Chips Making And Sales.

Which business can I start with 200k in Nigeria?

Listed below are profitable small businesses you can start with 200k that are thriving in Nigeria today.

• Open a Restaurant.
• Start a Fumigation Business.
• Laundry and dry cleaning services.
• Starting your own home services.
• Importation of wears.
• Livestock farming.
• Car wash center.
• Corporate cleaning services.

What is the fastest growing business in Nigeria?

Top 10 Fastest Growing Businesses in Nigeria Currently

• Agriculture business. Most of the food consumed in Nigeria can be equally produced in Nigeria.
• Exportation business.
• Private security business.
• Facilities maintenance business.
• Real estate business.
• Haulage business.
• Online business.
• Waste management business.

What are the most successful small businesses?

Most Profitable Small Businesses

• Personal Wellness.
• Courses in Other Hobbies.
• Bookkeeping and Accounting.
• Consulting.
• Graphic Design.
• Social Media Management.
• Marketing Copywriter.
• Virtual Assistant Services. Finally, last on our list of the most profitable small businesses: virtual assistant services.

What business can I start with 20k?

Best Business To Start With 20k In The Philippines ( POWER 5 )

• Freelance Writing Business. Due to the easy access to the Internet, there are a lot of income opportunities for freelancers that appear all across the Philippines.
• Vlogging.
• Small Food Cart Business.
• Lazada Seller.
• Cleaning Business.

What business can I start with 5000?

If you need a little more help brainstorming, here are six businesses you can start for under $5,000.

• Tutoring or online courses.
• Make a product and sell it online.
• Open a consulting business.
• Create an app or game.
• Become a real estate mogul.
• Virtual assistant.

What business can I start with 50K?

Businesses you can start with 50K or less

• Food Business:
• Plantain chips business:
• Popcorn business:
• Candle production:
• Sales of mobile accessories:
• Bead making and wire works:
• Sales of perfume and other cosmetics:
• Hair/Barbing saloon:

How can I make 5000 naira a day?

10 Ways to Make 5000 Naira Daily in Nigeria

1. Freelancing. This is one of the easy ways people make money online.
2. Tutoring.
3. Barbing.
4. Transport services.
5. A beauty salon.
6. Owning a Gym house.
7. Sales.
8. Online marketing.

What can I sell to make money in Nigeria?

15 High-in-Demand Everyday Commodities in Nigeria

• Information. There are many things I want to list as number one on this list but information tops them all.
• LIQUID SOAP AND DETERGENTS. You would agree with me that soaps are an everyday item.
• POWER BANK.
• HAIR EXTENSIONS.
• SHOES AND CLOTHING.
• COOKING GAS.
• Floor Tiles.
• WATER.

What businesses are in high demand in Nigeria?

Top Business Ideas in Nigeria You Should Consider

• Cosmetics Production Business.
• Tomato Farming Business.
• Gym Business.
• Blogging.
• Sale of Mobile Phone Accessories.
• Mobile Phone Repairs.
• Plantain Chips Production and Sales.
• Ice block Production and Sale.

What business can I start with 100000 in Nigeria?

Here are 60 good businesses to start with 100k in Nigeria:

• Cooking & delivery business.
• Content writer.
• Car wash business.
• Daycare services.
• Fairly used goods or second hand items.
• Laundry business.
• Mini importation business.
• Production and sales of hand sanitizers.

Which business can I do with 500k in Nigeria?

This article will guide you on some lucrative business ideas that you can start with 500k in Nigeria.

• POS Business.
• Mini Importation Business.
• Egg Supply Business.
• Real Estate.
• Photography.
• Cooking Gas Business.
• Dropshipping Business.
• Dry Cleaning Business.

What profitable business can I start?

Most Profitable Small Businesses

• Tax Preparation and Bookkeeping. Without needing fancy premises or expensive equipment, tax preparation and bookkeeping services come with low overheads.
• Catering Services.
• Website Design.
• Business Consulting.
• Courier Services.
• Mobile Hairdresser Services.
• Cleaning Services.
• Online Tutoring.