Businesses That Yields Faster Income In Africa.

1. Bedsheet/Beddings Production.

Pay a visit to Lagos Island, or Oshodi where they sell bulk materials, pick good designs and I tell you the guys who will sew it for you are just within the same Market. You can start with less than 100k and diligently grow your money.

2. Shirt Production:

A sweet side hustle. There are tailors in Lagos Island or better learn the skill it will save you all the heartbreaks imaginable. Taiwo Street in Lagos Island is where you should be. Materials ranging from 700 – 1k per yard, sew for 1500/2k, Sell for 5-7k.

3. Boxers:

Schedule a trip to Aba Market, The cost of production of boxers, you can get one for as low as N300, all you need is to package it in 3s, and market these babies properly beg your friend on twitter for RTs, we buy 3s pack boxers for 1500-2500 sell yours for 1200 and gradually grow.

4. E-Payments and POS Business:

You can a get POS machine from your Bank, and activate online banking: If you live in a place where banks aren’t much you can handle e-payments for people and make your small change. I paid someone N200 to withdraw 10k in Ikorodu. ATM queue was crazy.

5. Mobile and Electronic Accessories:

Mobile and electronic Accessories such as Pouches, Chargers, USB cables, HDMI cables, earphones and more, can be sourced on Alibaba, Ali Express, Deal Extreme, etc. The more you buy the lower the price. And they are light so shipping won’t be a burden. Sell on here or Jumia and co.

6. Popcorn:

We all know this guy! We buy every time. Bags of corn – Mile 12 Branded Nylon Sugar, Salt & Butter. The beauty of this is when properly made, its aroma will attract its customers. Manual sealing machine -7/9k Popcorn Machine is 65k on Jumia. Popcorn can be served anywhere. It costs less than N40 to make a pack of popcorn

7. Branding – Sales and Customizing

Football team supporters always want to show how much they’re rooting for a team.

8. Snail Farming:

Snail farming in Nigeria is even more popular, due to its relatively cheap cost of startup and If you market your products well, your business will thrive. This is a business you can start from your backyard. Best in mind, snails take almost a year to mature so Patience is Key!

9. Fairly Used Goods

Fairly used goods such as Jeans, Tops, t-shirts, shoes etc. They can be sourced at Badagry, even Cotonou. 100k can’t get you a bale but you can select and mix them. Wash then and pack neatly. Marketing is all it takes, you’ll sell and see your money multiply.

10. Cleaning Services:

Some people find it hard to clean their apartments ‘cos they’re busy from Monday to Friday and Saturday they have engagement and on Sunday all they wanna do is rest. Your tools won’t cost you up to 30k and you can clean 6 apartments a weekend.

11. Home Cooking and Delivery:

You can cook a variety of meals well and apply customer service, People will pay good money for your services, You can run this from home

12. Digital Marketing:

The success of any business is in its ability to effectively reach its teeming customers and this is achieved by effective marketing: Get a Used Laptop and Smartphone, temporarily, your smartphone can double as your hotspot Persistence and Passion is Key

13. Cakes and Confectionery:

This is one business that always comes to play, people celebrate, and bakers are always consulted.

14. Aso-Oke Beading and Stoning:

Aso-Oke Beading and Stoning has become sometimes in vogue now, and this is another sweet business one can start with 100k. You just have to learn how to bead and unlock your creative mind.

15. Bead Making:

I’m not sure there’s really much to say here. All you need is training, passion, creativity, unique designs and styles, then adequate marketing. You absolutely don’t need 100k to start this.

Business Ideas That Can Turn You To A Millionaire Under One Year With Just 100 thousand Naira.

 

Do you need business ideas you can start with one hundred thousand naira (N100, 000), N80000 naira, N60000, N50000, N40000, N20000, or even ten thousand naira (N10000)? Are you looking for small business that you can invest less money and make big profit in Nigeria? There are such businesses andinvestments in Nigeria and Africa in General that requires such less capital.

What do you require to succeed in any of the business?
• Your best brain
• Right mindset
• Passion
• Dedication
• Skills where necessary

Why will these less capital businesses thrive well in Africa especially Nigeria?
Yes! Businesses started in a populous continent like Africa is bound to thrive very well. Africa is one of populated continent in the world with a 38 percent urban population, India (30 percent) and nearly as China (45 percent). 52 African cities have a population of more than one million people.

Nigeria is Africa’s largest country by population. Lagos state alone record 17.5 million in population according to Lagos state government but latest report estimates the population at 21,642,797, making Lagos largest city in Africa and the seventh fastest growing city in the world. Kano as estimated by the Kano state government records 3,626,068 in population. Ibadan has a total population of 3,500,000 as of 2015; Abuja 3,000,000; Port-Harcourt 1,947,000 and so on. So with this high population in Nigerian cities and rural areas, businesses are bound to do very well if other things being equal.

Here are the businesses that I’m telling you that you can do with one hundred thousand naira or less than hundred thousand naira;

1. Beer parlour/Beer bar business-Beer Parlour business is requires less capital start up. One hundred thousand naira will be enough to start a beer parlour business. Beer bars/parlours have become the top recreation destination for single and married couple, business people and the tourists. To draw huge customers and make more profit in your Beer Bars business, a full restaurant is smoke option and chilled beers which are served with snacks, fried snail, beef popularly called suya, chicken barbecue and fish pepper soup are added. With huge popularity of football fans in Nigeria and many other parts of Africa, if you add big-size TV to display football game, more customers of different classes of people will be attracted to the beer bars. Sometimes, especially weekends you can hire live bands to provide entertainment
A good location in a densely populated and accessible part of town with a competitive price and excellent customer service is essential to the success of this business.

2. Mini Importation business-Importation business is a very lucrative business and easy to start with as little as N10, 000 plus. Usually, you make profit on every sale and then keep increasing the business. However, to succeed in this business; you have to learn the dons and don’ts of the business. The internet has made everything easier to access. You can sit down at the comfort of your room and order for any product you want to sale.

3. Restaurant business-Most single young ladies and men of these days prefer eating at well decent restaurant where delicious food is being served. Restaurant business is a flourishing business especially in most cities like Lagos, Onitsha, Abuja, Port Harcourt, Aba, etc where people are highly busy that never find time to cook by themselves. The business is not capital intensive. With N70000 you can do this business. The two most important things necessary to succeed in this business are ability cook nicely and neatness.

PROFITABLE PRODUCTION BUSINESS-one of the high paying business you can start in your locality is production business. One good thing about production business is that you can fix and control the market price for the goods or product you produce rather than totally being control by market forces of demand and supply. Usually, most production businesses are capital intensive because costly machines employed in production. Starting production business can cost one as high as N300000, N500000, N1000000, and N200000, N750000, and N2000000+ depending on product you intend producing. However, you can still start some production business with capital as low as N100, 000.

PRODUCTION BUSINESSES THAT YOU CAN ALSO START WITH 100,000 NAIRA ARE;

4. Perfume and liquid soap production-This business requires basic chemistry knowledge. With a capital of less than N80000 naira, you can start perfume and liquid soap production. For your liquid soap production, your first target market should be restaurant, hotel, fast food joints, beer parlours and catering centres. For the perfume production, you first target market should be high class professionals like bankers, lecturers, marketers, teachers and other service professional

5. Fresh fruit juice production-The Fresh fruit juice production business is one of the profitable small businesses in Nigeria that is often neglected. The business sells fast most in highly populated cites like Lagos, Anambra, Port Harcourt, Abuja, Aba, Kano etc. Fruit juices are serve cold in filling station, hotels etc. So, outside the cost of buying freezer and power plant (Generator), you can start fresh fruit juice production with amount as low as N10000; N20000; N30000; N50000.

PROFITABLE PRODUCTION AGRICULTURAL BUSINESS– These Agricultural businesses can be started as a sole-proprietor business and then grown into a full blown Limited Liability Company. Here are agricultural business that you can start with capital as low as N100000;

6. Garri processing business – Rice milling is a fast moving business that thrive very in rural and sub-urban locality. This business often predominates in places like Abakaliki, Benue, Ajibode, Benin. Mechanizing this business in these areas is worth rewarding, however, mechanizing it may requires a startup capital of at-least 250000 -300000)

7. Palm oil milling and processing business – Commercial palm oil milling and processing may required up-to a startup capital of 400000.

8. Rice milling – Rice milling is a rural and sub-urban lucrative agricultural business. New technology and cost of machine for milling rice has drastically affected the start-up capital of this business. With the latest technology in rice milling, starting rice milling business can cost as high as N250000 to N750000.

9. Small scale fish fingerling-Fish Fingerling is easy to start especially where there is availability of water supply. With the sum of N90, 000 to N80, 000 one can set up a small scale fish fingerling. In this business, you can be making over 100% returns but it requires care and monitory. Good water ph and climate conditions are necessary for the success of this business.

10. Snail farming–Snail farming is not difficult to start and you don’t need up to N100, 000 Naira to start this business. With 50K to 80K, you can start snail farming in your locality. Snail is very expensive in the restaurants and hotels where they serve. So, after you finish rearing set of snail, you can always take them to restaurants and hotels for sale. Snail is a hot market and a market for high class people.

11. Boiler poultry farming-This is one of the easiest businesses to start with little money. With N20, 000+ you can do this business. The business does not does not require skill. The major thing you needed in this business is availability of space and water supply. Day old chicken (boiler) may cost N150/each, so you can with 50 chickens which cost a total of N7500. In less than 9 weeks, you can start selling these birds at the rate of N1800 to N2000 naira per each. However, bear in mind that this business is seasonal although it can done at all time.

12. Dog breeding-In certain northern part of Nigeria like JOS and southern part of the Nigeria, dog breeding business is thriving very well. Some people breed the dogs for meat (popularly called 404) and others for pet purposes. The business is a lucrative one. With seventy thousand naira (N70, 000), you can buy a female English dog and breed. When the dog delivers, it can give birth to seven…eight puppies which you can sell at the rate of seventy thousand naira each. The major cost you will incur in this business is in feeding of the dog. You have to be dog friendly for you to be able to do this business.

13. Small scale piggery farming-Piggery farming is one the oldest lucrative business. Some people in the northern part of Nigeria, especially those with cold weather consume pork meat so much. You can start piggery farming with N60000+ and sometimes you need to employ an assistant.

14. Mobile pbone accessory business- Mobile phones accessories business is lucrative business. We have millions of GSM users. Mobile phones like Nokia product, Samsung product, Sony Ericsson product, Blackberry, Techno, and other smart phones; their repair parts and accessories are readily available in the market. A total capital of $ 120 (N20000) will be enough to start the business in a small scale however if you are to start the business in more large scale, the cost of starting may increase.

15. Computer parts and repair business-skills on computer hardware repair and software troubleshooting are required in this business. You can easily acquire this skill or knowledge by attaching yourself to an experience computer hardware and software repair expert before you starting your own computer repair business. Usually, starting this business will not cost you up to N80000 and you can make big time when you become so popular.

16. Mini Business centre -mini Business centre is a highly lucrative business especially when cited in within tertiary institutions like universities, polytechnics and colleges or around these institutions. A set of desktop computer at the cost of N25000, one three in one photocopying machine (Scanning, printing and photocopying machine) at cost of N60000, tables and chairs are enough to start this business. Snacks with soft drinks and few provisions are added to make it business, a mini business centre. So, a total amount of one hundred thousand naira is enough to start this business.

17. Beads shop and making business
18. Video centre, music and film copyright/ renting business

Fast selling business – Most fast selling business are best started small and then grow later. This allow for testing varieties of products before settling with high profit yielding ones. Ladies wears and babies wears has proven to be lucrative and fast moving product to sell in Nigeria. Okirika Ladies and Babies wears are also in this category of business.

19. Sales of ladies handbags, Jewelleries, wrist watches and perfumes
20. Sales of babies wear

6 Tips To Earning Bitcoin

Every day, Bitcoin the cryptocurrency and Bitcoin the technology gets more popular. When in 2011 you had to write a person from the other continent to order a pizza for you with Bitcoins, now you can do something like that in a number of major cities. In some countries like the Netherlands, the entire towns are Bitcoin-friendly (such as Arnhem, often called ‘the Bitcoin city’) now with a range of services available for those who are willing to pay with BTC. The more ways are there to spend the cryptocurrency, the more ways are there to obtain them. Let us look at some of the approaches to help you earn Bitcoins online.

1. Mine your own Bitcoins

The very first way to get your own Bitcoins was through mining. In 2009, every block mined (every 10 minutes on average) brought a reward of 50 BTC to the lucky one who managed to solve the computational problem. Right now, every block brings 12,5 BTC. While the reward is still luring, there are some issues which stand in the way of earning some loot:

– The hashing difficulty has grown significantly over the last years. No single equipment has enough computational power to compete for Bitcoins.
– Mining has gotten unprofitable.
– In hope for some reward, people are forced to unite in pools or use cloud mining services.
– Even when the efforts are combined, there is still need to pay for the electricity, and the utility bills often exceed the mining reward.

All these factors make Bitcoin mining these days unprofitable. This makes us move forward to the next strategy of earning Bitcoins online.

2. Do work for Bitcoins

If mining is not for you, you can search for work that you can do for Bitcoins. There are multiple services that will offer one an opportunity to work for cryptocurrency. You can find something at Coinality or by just going to /r/Jobs4Bitcoins on Reddit. Currently, you can earn Bitcoins online as a freelancer mainly, but some Bitcoin startups and companies like Overstock offer an option to get the regular payment in BTC. With greater acceptance, there will be more options to look for.

3. Offer something for Bitcoins

Another way to earn Bitcoins online is to sell something for crypto. If you are keen on handmade, you can accept BTC on your ETSY page, and if you are a merchant, you can use your Bitcoin address to accept Bitcoins payment on your website. You can also hang a “Bitcoin Accepted Here” sign at your hotel, restaurant, café etc.

4. Gambling and casino games

If you are searching for a simple way to earn Bitcoins online, you may try gambling. However, while it might seem to you as easy money, gaming has a number of risks which need to be taken into account. In the following article, we have outlined for you some websites worth checking out when trying out your luck: Bitcoin Gambling. We don’t guarantee that you win, which is why we strongly recommend you to play only if you have some initial capital to spend. On the other hand, who knows, maybe you will get lucky and multiply your crypto.

5. Use various Bitcoin faucets

We have already mentioned gambling and faucets in a recent article. What you need to know about Bitcoin faucets is that they allow you to get a small amount of cryptocurrency in particular time spans. For example, on many Bitcoin dice websites you can get 0.0001 BTC every 5 minutes. However, to get a new portion of satoshis, you need to have a zero balance. There are other options too where you can earn ‘Bitcoin dust’ for time spent on the website (for example, when playing games). You cannot gain much here, but sometimes it can be enough to get a feeling of owning some crypto.

6. Boost your trading skills

A good way to make an earning with Bitcoin and cryptocurrency in general is to do it through trading. CEX.IO allows you buying Bitcoins with payment cards or via bank transfer, after which you can convert it to other crypto or fiat using the price volatility at your advantage. Sometimes, however, Bitcoin trading can be very similar to gambling – high risks are involved here too. In order to minimise them, you need to learn a bit about trading. You may follow our blog to get some trading tips. Meanwhile, you can start with our 3 tips for profitable trading and then explore our trading category. Just start with a little amount, and when you feel more confident, you will be able to get to bigger earnings.

Earning Bitcoins online: Summary

There are quite a few ways to earn Bitcoins online, and they are all different. Some of them, such as gambling, or trading, involve risks. However, while in gambling everything depends mainly on luck, trading requires some substantial knowledge. You can stay tuned for our tips on how to not just earn your Bitcoins, but to multiply it.
Regardless of what strategy you choose, you still have to find a secure place to buy, sell, and store your Bitcoins. CEX.IO has been a well-known player on the Bitcoin market since 2013, offers a user-friendly service for buying, selling, trading, and keeping Bitcoins secure. None of its users has ever experienced account funds theft, and, all in all, CEX.IO deserves to be one of the best Bitcoin services known so far.

2 Young Lovers Dies While Sleeping In Their Friend’s Place After Eating Suya

Young Lovers Die While Sleeping In Their Friend’s House In Delta

The mystery surrounding the death of two young lovers in Delta state is yet to unraveled by police authorities.

According to reports, a boyfriend and girlfriend were found dead yesterday morning in the apartment of a friend where they went to sleep in Mosogar, Sapele area of Delta state.

According to Sapele Oghenek, the pair identified as Matthew and Bose were said to have gone out to buy Suya on Thursday night before the boyfriend took Bose to his friend’s house while they went to sleep.

The owner of the house and his girlfriend was said to have slept in the room while Matthew and his girlfriend Bose slept in the parlor.

Their friend was reportedly shocked to have woken up the next morning and discovered that the young lovers had died in the parlor.

Their corpses have been deposited at the mortuary and the owner of the house detained by the police.

According to reports, some people are saying the pair may have died from the Suya they ate the previous night while others are saying they may have died after inhaling generator fumes.

Whatever the case might be, may their souls rest in peace.

Sunday Morning Accident At Lekki Toll Gate Leaves Several People Injured.

An (sudden unplanned bad event/crash) at the Lekki Toll gate this morning has left (more than two, but not a lot of) people badly hurt.

According to reports, an SUV rammed into a passenger bus leaving many of the passengers hurt with different degree of injuries.

Operatives of the LRU towing truck are now removing the vehicles while the Lagos (emergency vehicle that takes people to hospitals) service is also on ground providing support.

Chile Eboe-Osuji Elected President Of International Criminal Court (ICC)

A Nigerian jurist at the International Criminal Court (ICC) has been elected president of the war crimes tribunal.

Chile Eboe-Osuji, who became the first Nigerian to be elevated to the court in 2012, would serve as ICC president for the next three years.

The announcement was contained in a statement posted on ICC website on Sunday.

See the full statement below:

“Today, 11 March 2018, the judges of the International Criminal Court (ICC), sitting in a plenary session, elected Judge Chile Eboe-Osuji (Nigeria) as President of the Court for a three-year term with immediate effect. Judge Robert Fremr(Czech Republic) was elected First Vice-President and Judge Marc Perrin de Brichambaut (France) Second Vice-President.”

The new appointee was also quoted in the statement.

“I am deeply honoured to have been elected by my peers as President of the International Criminal Court. As I take up my duties, I feel encouraged that I am able to rely on the wide experience of the two Vice-Presidents, Judge Robert Fremr and Judge Marc Perrin de Brichambaut, both of whom I have closely worked with previously.

“I look forward to working together with them as well as with all the judges, all the Officials and the staff of the Court in a spirit of collegiality. I also look forward to collaborating with the Assembly of States Parties, civil society and the international community at large, acting together to strengthen and reinforce the Rome Statute system, the 20th anniversary of the adoption of which we celebrate this year”, President Chile Eboe-Osuji stated following the election.

“I am also grateful to the previous President, Judge Silvia Fernández de Gurmendi, and Vice-Presidents, Judges Joyce Aluoch and Kuniko Ozaki, for their work and leadership,” he added.

The Presidency – consisting of the President and the two Vice-Presidents – plays a key role in providing strategic leadership to the ICC as a whole.

 

The Presidency coordinates with the other organs and seeks the concurrence of the Prosecutor on matters of mutual concern. In accordance with the Rome Statute, the ICC’s governing treaty, the Presidency is responsible for the proper administration of the Court, with the exception of the Office of the Prosecutor.

The Presidency oversees the activities of the Registry and provides input into a broad range of administrative policies affecting the Court’s overall functioning.

Furthermore it conducts judicial review of certain decisions of the Registrar and concludes Court-wide cooperation agreements with States and international organisation.

Nigerian Senate confirms members receive N13.5 million monthly, separate from salaries; defends payment.

The Senate has formally confirmed that its members receive N13.5 million monthly as running cost.

PREMIUM TIMES reported how a Kaduna senator, Shehu Sani, confirmed the amount, which was hitherto kept from the public. The money is illegal as it is not approved by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC). It is also separate from the salaries and allowances approved by RMAFC which, Mr. Sani says, totals about N750,000 monthly.

Senate spokesman, Aliyu Abdullahi, said the revelation by Mr. Sani that senators receive N13.5 million monthly as “running cost” is nothing new.

Mr. Abdullahi in a statement on Sunday noted that details of what Mr. Sani said were already “contained in various line items and expenditure heads of the budget of the National Assembly which has been made public.”

The National Assembly in 2017, for the first time, released his budget after public pressure. That budget however had no subhead for office running cost putting doubt to Mr. Abdullahi’s claim.

The Senate spokesperson, however, said that “if people had looked critically at the budget of the National Assembly which has since been made public, they would have seen that various line items like traveling, medicals, consultancy and the rest were captured in the budget and they were the funds divided for each Senator’s use.”

“Almost all holders of elective and appointive offices have running costs allocated to their offices and that cannot be said to be part of their salaries,” he added.

Mr. Abdullahi also said that Mr. Sani’s colleagues were not unhappy with his revelation.

Some lawmakers had told PREMIUM TIMES that they were unhappy with Mr. Sani’s revelation and are already discreetly working out modalities to deal with the Kaduna lawmaker.

Since Mr. Sani’s revelation, Nigerians and civil society groups have criticised the Senate with activist Femi Falana asking President Muhammadu Buhari not to approve such money anymore.

Beer, Cigarettes To Cost More.

Consumers of alcoholic beverages and tobacco are soon to pay more as President Muhammadu Buhari at the weekend approved an amendment to the excise duty rates with effect from Monday, June 4, 2018.

Minister of Finance, Mrs. Kemi Adeosun, who made this known yesterday in Abuja, stated that the new excise duty rates were spread over a three-year period from 2018 to 2020 in order to moderate the impact on prices of the products.

She disclosed that the new excise duty regimes followed all-inclusive engagements by the Tariff Technical Committee of the Federal Ministry of Finance with key industry stakeholders.

According to her, the upward review of the excise duty rates for alcoholic beverages and tobacco was to achieve a dual benefit of raising the government’s fiscal revenues and reducing the health hazards associated with tobacco-related diseases and alcohol abuse.

“The Tariff Technical Committee (TCC) recommended the slight adjustment in the excise duty charges after cautious considerations of the government’s Fiscal Policy Measures for 2018 and the reports of the World Bank and the International Monetary Fund Technical Assistance Mission on Nigeria’s Fiscal Policy.

“The effect of the excise duty rates adjustment on trade and investment was also assessed by the Federal Ministry of Trade and Investment and it adopted the recommendations of the TTC.

“Furthermore, peer country comparisons were also carried out showing Nigeria as being behind the curve in the review of excise duty rates on alcoholic beverages and tobacco,” she said.

Following the president’s approval, Adeosun disclosed that the new excise duty rate on tobacco was now a combination of the existing ad-valorem base rate and specific rate while the ad-valorem rate was replaced with a specific rate for alcoholic beverages.

“For alcoholic beverages, the current ad-valorem rate will be replaced with specific rates and spread over three years to moderate the impact on prices. This will curb the discretion in the unit cost analysis (UCA) for determining the ad-valorem rate and prevent revenue leakages.

“For tobacco, the government will maintain the current ad-valorem rate of 20 per cent and introduce additional specific rates with the implementation to be spread over a three-year period to also reasonably reduce the impact on prices,” she explained.

Under the newly approved excise duty rates for tobacco in addition to the 20 per cent ad-valorem rate, each stick of cigarette will attract a N1 specific rate per stick (N20 per pack of 20 sticks) in 2018, N2 specific rate per stick (N40 per pack of 20 sticks) in 2019 and N2.90k specific rate per stick (N58 per pack of 20 sticks) in 2020.

The minister explained that Nigeria’s cumulative specific excise duty rate for tobacco was 23.2 per cent of the price of the most sold brand, as against 38.14 per cent in Algeria, 36.52 per cent in South Africa and 30 per cent in Gambia.