Businesses you can start in Nigeria with 1K Naira

What business can I start with 1 million in Nigeria?

Advertisement

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.

Which business can I start with 2million naira?

Advertisement

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 do rich people invest in?

Investing Only in Intangible Assets Ultra-wealthy individuals invest in such assets as private and commercial real estate, land, gold, and even artwork. Real estate continues to be a popular asset class in their portfolios to balance out the volatility of stocks.

Which business is more profitable in Nigeria?

Pure water business Because of the important nature of water, pure water business makes this list of the most lucrative businesses in Nigeria. There are approximately 180 million people in Nigeria today and all of them drink water! That makes this business very profitable, because you will always have buyers.

Who is the youngest billionaire in Nigeria?

E-Money. Emeka Okonkwo who is popularly know as E-money is one of the Nigeria Youngest billionaire, businessman, investor, international Business tycoon and the CEO 5 Star Records.

Is it too late to start investing at 35?

Key Takeaways. It’s never too late to start saving money for your retirement. Starting at age 35 means you have 30 years to save for retirement, which will have a substantial compounding effect, particularly in tax-sheltered retirement vehicles.

What business gives daily income in Nigeria?

1. Barbing Saloon. The barbing saloon business is a very profitable venture in Nigeria wherever you find yourself. The business could bring you earnings of up to N3,000 daily for just handling six people (if you place the price of a haircut at N500) which gets even better on weekends like Saturdays and Sundays.

What most millionaires do?

What do millionaires do with their money? When it comes to investment strategies, self-made millionaires were more likely to add equity investments, while those who were born wealthy typically had more real estate investments, according to the study. Diversifying those investments is key among many millionaires.

Is Zlatan richer than Naira Marley?

From the duo net worth above, it is clear that Naira Marley is richer than Zlatan With $200,000 Dollars.

Who is the richest DJ in Nigerian?

DJ Coublon, DJ Xclusive, DJ Cuppy and DJ Neptune are currently the richest and the most influent DJS In Nigeria, with Joint estimated net worth of over $6 million Dollar as of 2021.