Frequent question: What business can I do with 500k in Nigeria?

What business can I start with 500k in Nigeria 2021?

Business to start with 500k in Nigeria

  • Mini Importation business. I know that some crucial businesses require millions of naira. …
  • POS Business. …
  • Supplying of Food items like Eggs. …
  • Become a Jumia pickup station agent. …
  • Open a general merchandise business center. …
  • Cooking Gass Business. …
  • Snail Farming business. …
  • A dry cleaning service.

What is the most profitable business 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.

What are the top 10 most profitable small business in Nigeria?

List Of Top 20 Most Lucrative Business In Nigeria

  • Agriculture. This is the next revolutionary industry in Nigeria where millionaires are currently being made. …
  • Sale of Furniture. …
  • Making of Fruit Juice. …
  • Pure Water Production. …
  • Oil and Gas Business. …
  • Haulage Services. …
  • Hotel Business. …
  • Fast Food Eatery.
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Which business can I start with 1million naira?

1) Operating a restaurant

One business you can start with one million naira today is a restaurant business. Food is one of the basic necessities of life. Everybody needs to eat. With one million naira, you can start up a successful restaurant and locate it at a vantage position for patronage.

How can I earn daily income in Nigeria?

Profitable Daily Income Business In Nigeria to Make Money

  1. Barbershop. …
  2. Professional Car Wash. …
  3. Laundry and dry cleaning services. …
  4. Start A POS Payments Service. …
  5. Sports Viewing Centers. …
  6. Betting Shop. …
  7. Makeup Studio. …
  8. Freelance Writing.

Can I start a business with 500k?

Business you can start with 500k

It is one of the fastest-growing businesses in Nigeria in addition to the fact that it a lucrative business.

What business can I start with 2 million in Nigeria?

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.

Where can I invest my money in Nigeria?

20 ways to invest your money wisely in Nigeria

  • Online Investment Apps.
  • FGN Savings Bond (FGNSB)
  • Stocks.
  • Online Agric Investment Portals.
  • Mutual Funds.
  • Stanbic IBTC Equity Fund.
  • ARM Aggressive Fund.
  • Stanbic IBTC Money Market Fund.

What sells fast in Nigeria?

Top 15 High Demand And Fast Selling Products in 2020

  • Electronic Goods. …
  • Fashion Items. …
  • Cosmetic Product. …
  • Health And Wellness Products. …
  • Hair Wig And Extensions. …
  • Baby Accessories. …
  • Food And Groceries. …
  • Phones And Accessories.
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What business can I do with 500k?

In this piece, you will find 10 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.

What can I sell in Nigeria to make money?

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.

How can I become a millionaire in Nigeria?

How to Be a Millionaire in Nigeria

  1. Never despise small beginning. …
  2. Be innovative. …
  3. Cut on spending. …
  4. Investment. …
  5. Spend less than you earn. …
  6. Make money everyday. …
  7. Diversify. …
  8. Set realistic goals.

What is 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.

How do I start a 10k business?

13 Low Investment Business Ideas in India under 10,000 Bucks

  1. Social Media Management Services. In the current scenario, social media has redefined how business functions. …
  2. Blogging. …
  3. Travel Agency. …
  4. Photography. …
  5. Tiffin Service. …
  6. Fruit Juice Kiosk Business in India. …
  7. Online Fitness Instructors. …
  8. Event Management.