How much do I need to start a business in Nigeria?

For a sole proprietorship/business name as it is popularly called, you would need between N12,000 and N15,000 to register your business with the CAC, while other forms of ownership would require at least N30,000 for registration.

What business can I start with 50000 naira in Nigeria?

What Business Can I Start With 50K In Nigeria?

  • Noodle Stand. Starting a noodle stand is a business that is quite profitable in many parts of Nigeria. …
  • Soap Production. …
  • Perfume Oil Sales. …
  • Thrift Shop. …
  • Popcorn Production Business. …
  • Mini-Importation Business. …
  • Become A Used-Car Seller. …
  • Start A Printing/Branding Business.

What is the cheapest business to start in Nigeria?

7 Of The Cheapest Businesses To Start In Nigeria

  • Errand Service.
  • Writing Service.
  • Painting Business.
  • Private Tutorial Business.
  • Interior Decoration Business.
  • Affiliate Marketing Business.
  • In-Person Delivery Service.

What business can I start with 20k in Nigeria?

Here we go.

  • Bedsheet/Beddings Production. …
  • Shirt Production. …
  • Sales of men’s underwear. …
  • E-Payments and POS Business. …
  • Mobile and electronic Accessories. …
  • Popcorn Machine. …
  • Sales and Customizing of Football Team. …
  • Snail farming.
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What business can I start with 1 million Naira in Nigeria?

Eatery/Restaurant Business: Eatery or restaurant is an eating establishment where people purchase and eat food. This is a very lucrative business in Nigeria, although not without challenges. With one million naira, one can secure or rent a place and get it properly equipped for restaurant business.

What can I invest with 5 000 naira?

5 investment opportunities you can tap with N5,000 or less

  • Mutual fund. …
  • FGN Savings Bond. …
  • Stocks/ Equities. …
  • Fintech savings. …
  • Crowdfunding.

What small business can I start with 10k?

Businesses You Can Start with 10k in Nigeria

  • Social Media Marketing. …
  • Dropshipping. …
  • Mini Importation. …
  • Agriculture Business. …
  • Blogging. …
  • Laundry Services. …
  • Cryptocurrency Trading. …
  • Phone Repair Business.

What business can I start with 50K in Lagos?

20 Businesses You Can Start With 50,000 Naira in Nigeria

  • Baking Business. Baking is a thriving business in Nigeria. …
  • Fast food Business. The importance of food can never be overemphasized. …
  • Plantain Chips Business. …
  • Selling Drinks and Water. …
  • Small Scale Farming. …
  • Smoked Fish Business. …
  • Soap Production. …
  • Home and Beauty Products.

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:

What can I do with 50000?

Here are ten ways to invest 50k.

  1. Invest with a Robo Advisor. One of the easiest ways to start investing is with a robo advisor. …
  2. Individual Stocks. Individual stocks represent an investment in a single company. …
  3. Real Estate. …
  4. Individual Bonds. …
  5. Mutual Funds. …
  6. ETFs. …
  7. CDs. …
  8. Invest in Your Retirement.
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What are the fastest growing business in Nigeria?

Fastest Growing Businesses In Nigeria

  • Catfish Farming. A lot of people have registered success as catfish farmers. …
  • Poultry Business. …
  • Real Estate. …
  • Haulage and outsourcing. …
  • Food Processing. …
  • ICT. …
  • Daycare Centre. …
  • Bottle/Sachet Water Production.

Which business is profitable in Nigeria?

Here are the most lucrative businesses in Nigeria:

  1. Oil and Gas business. The simple truth is that Nigeria and to a large extend, the world, still depends on oil and gas. …
  2. Agriculture business. …
  3. Food business. …
  4. Blogging Business. …
  5. Real Estate business. …
  6. Furniture business. …
  7. Hotel business. …
  8. Transportation business.

How much is a bag of garri sold?

Garri is sold in the markets in bags or paint buckets. 20 paints is equal to a 50kg bag of Garri. The custard paint as they are called by traders is about 4 litres in quantity.

Prices of Garri in Nigeria Today.

Garri Type Quantity Current Price
Yellow Garri Per paint ₦1,100
White Garri Per paint ₦850

Which business can I start with 2million naira?

With two million naira in account, you can invest into businesses like recharge card dealership which allow you to represent the mobile telecommunication networks as a dealer for distributing or selling recharge cards and data bundles to subscribers/customers across the nation.

What profitable business can I start with 500k in Nigeria?

9 Businesses You Can Start with 500k in Nigeria

  • Mini Importation Business.
  • Sales of Clothes and Shoes.
  • Barbing Saloon Business.
  • Football Viewing Center/Game Center.
  • Hair Dressing.
  • Real Estate Business.
  • Block Moulding Business.
  • Computer Service Center.
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