Entrepreneurship

How Much Do You Need To Start A Money Lending Business In Nigeria

Nigeria’s expanding consumer lending industry offers various opportunities for businesses, including banks, microfinance institutions, fintechs, and peer-to-peer (P2P) lending platforms. The consumer lending market in Nigeria is projected to reach a volume of US$78.6m in 2023. Fintech companies and various financial institutions are involved in online lending businesses. Many lending platforms are taking over the …

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The Ultimate Guide To The Best Business Name Ideas

Welcome to “The Ultimate Guide To The Best Business Name Ideas”! Let’s walk you through developing a great business name, from brainstorming ideas to choosing the perfect one. Whether you’re just starting to think about starting a business or already in the process, read on for our ultimate guide to the best business name ideas. …

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From Idea to Icon: Secrets to New Product Development in Nigeria

New product development is the process of conceptualizing, creating and marketing new products that solve customer problems or meet market demand. With Nigeria’s large and youthful consumer market, there are major opportunities for companies to innovate and introduce new products tailored to local tastes and preferences. However, developing successful new products requires extensive research, planning …

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Is Thrift Business Profitable in Nigeria? What To Know

The secondhand clothing market, also known as thrifting, is a growing industry in Nigeria. With rising costs of living and consumerism, buying and selling gently used, affordable merchandise is gaining popularity across Africa’s largest economy. For entrepreneurs, reselling thrift items presents a promising business opportunity. However, establishing a profitable and sustainable thrift business in Nigeria …

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How Much Does it Cost to Open a Thrift Store?

Opening a thrift store can be a fun and rewarding business venture. As with any new business, there are costs involved in getting a thrift store up and running. The startup costs for a thrift store will depend on factors like the size and location of the store, inventory, staffing, and more. With careful planning …

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