Quick Answer: What Business Can I Do With 1 Million Naira In Nigeria?

What business can I start with 300 000 naira 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.More items….

What sells fast in Nigeria?

Top 15 High Demand And Fast Selling Products in 2020Electronic Goods. … Fashion Items. … Cosmetic Product. … Health And Wellness Products. … Hair Wig And Extensions. … Baby Accessories. … Food And Groceries. … Phones And Accessories.More items…

What is the fastest growing business in Nigeria?

Fastest Growing Businesses In NigeriaCatfish Farming. A lot of people have registered success as catfish farmers. … Poultry Business. Being one of the wealthiest farmers in the world, FU Guangming has a net worth of $1.5 billion. … Real Estate. … Haulage and outsourcing. … Food Processing. … ICT. … Daycare Centre. … Bottle/Sachet Water Production.More items…

Is Nigeria good for business?

Nigeria also tops the list for Africa’s largest economy, largely thanks to its production levels of oil and gas, which are also the highest in the continent. Over the last ten years the country has enjoyed an average GDP growth of 6.9% and is now the biggest beneficiary of Foreign Direct Investment in Africa.

What are the most profitable business in Nigeria?

List Of Top 20 Most Lucrative Business In NigeriaAgriculture.Sale of Furniture.Making of Fruit Juice.Pure Water Production.Oil and Gas Business.Haulage Services.Hotel Business.Fast Food Eatery.More items…

What business can I start with 150k in Nigeria?

Find below 30 businesses you can do in Nigeria with 100,000 naira or less.Hair dressing/ Barbing Salon.Plantain chips production and sales.Restaurant services.Tailoring/ fashion designing.Catering services.Poultry farming.Cat fish farming.Cassava Farming.More items…•

What can I start with 50k?

20 Businesses You Can Start With 50,000 Naira in NigeriaBaking Business. Baking is a thriving business in Nigeria. … Fast food Business. The importance of food can never be overemphasized. … Plantain Chips Business. This is also a very lucrative business. … Selling Drinks and Water. … Small Scale Farming. … Smoked Fish Business. … Soap Production. … Home and Beauty Products.More items…•

What can 1million naira buy?

Business I can start with 1 million naira in NigeriaOpening a small supermarket. … Opening a small restaurant. … Boutique business. … Phone and computer accessory business. … Bakery business. … Producing yoghurt and ice cream. … Poultry farming. … Fish farming.More items…•

Is pure water business profitable in Nigeria?

Starting a pure water business in Nigeria is very lucrative and will require passion, hard-work and a reasonable amount of money. To start a pure water business in Nigeria, a start up capital of about three million naria is needed and you are good to go.

What products are high demand?

8 high-demand products and niches of 2020CBD oils and products. … Eco-friendly products. … Natural skincare and cosmetics. … Specialty teas. … Diet fad products. … Subscription food services. … Probiotics. … Subscription orders.

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.

What kind of business can I do with 500k in Nigeria?

That being said you can pick from these top 12 lucrative business ideas you can start in Nigeria with 500k or less than 1 million naira.Printing and Publishing.The Building Block Business.Renting Service for Building Materials.Computer Service Center.Farming.Food Processing.Sports Betting.Exportation.More items…•

What business can I do with 20 million naira?

Business You Can Do With 3m – 20 Million Naira In NigeriaOpen a Restaurant.Start a Fumigation Business.Tomato Farming.Importation of wears.Livestock farming.Big Bakery.Medical & Laboratory Equipment Supplies.CCTV Security Camera – Alarm Installation & Sales.More items…

How can I make money fast in Nigeria?

10 Awesome Ways To Make Money Online In Nigeria (2020)Publish Books Online. Okadabooks is an online website in Nigeria that makes it fast, easy and free to publish books online. … Sell Designs & Creatives Online. … List on Property Websites. … Start a Blog or a Vlog. … Sell on E-commerce Websites. … Affiliate Marketing. … Offer Professional Services Online. … Become a Virtual Tutor.More items…

What can I do with 500000 Naira?

Top 10 Business Ideas to Invest 500,000 Naira OnMini Importation Business. This is certainly a good business venture you can invest 500,000 nairas in and certainly get rewarding profit. … Poultry Farming. … Pig Farming. … Fish Farming. … Goat Rearing/Farming. … Real estate business. … Laundry Business. … Fashion designing business.More items…•

What is the best business to start in Nigeria?

Top Business Ideas in Nigeria You Should ConsiderCosmetics 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.More items…

How can I make money 2020 in Nigeria?

31 Ways to Make Money Online In Nigeria 2020Get Paid From Online Surveys.Start A Successful Podcast.Sell Art And Crafts On Etsy.Make Money With Fiverr.Create An Online Store With Drop Shipping.Launch And Grow A Start-Up.Start A Niche Blog For Affiliate Marketing.Start a YouTube Channel.More items…