Toothpicks are simple, yet highly sought-after items all over Nigeria and the world. Despite the CBN-imposed ban on foreign exchange for this commodity, millions of dollars are still spent on its importation every year. The demand for toothpicks spreads across the urban and rural areas of Nigeria, creating a continually growing market for toothpick…
DetailsBefore the discovery of oil, Nigeria’s solid mineral mining industry was one of the major sources of its revenue. The country mined and exported solid minerals like columbite, iron ore, gold, coke, tin, and coal. However, in 1956, the growth of the mining industry declined as focus shifted from other viable resources towards crude oil…
DetailsFor many years now, Africa has relied on its public sectors for wealth creation and economic prosperity. As a result of that misplaced trust, the hold poverty has on the continent has become stronger with the rising population, crises, corrupt government practices and mismanagement of human and natural resources. In Sub-Saharan Africa, a lot of…
DetailsBamboo, a non-wood plant commonly found in forested zones of Nigeria has been long ignored along with its potential economic and environmental benefits being underestimated for years. The commercial value of bamboo farming has remained unexploited, leaving its production at a substantial level. Common uses for bamboo in Nigeria are for scaffolding, yam vine staking,…
DetailsOne of the struggles faced by those born into wealth is the challenge of carving out a path that is uniquely theirs. Some, unable to separate themselves from their family’s name and fortune, live hidden in the shadows of their predecessor’s glories. Others simply ride through life content with what has been handed to them.…
DetailsMany businesses in Nigeria start out well only to experience a form of failure years down the line. Their misfortunes mostly stemmed from a lack of knowledge, expertise, and objectivity that was required to create sound solutions. Consequently, these enterprises (start-ups and established ventures) either packed up or constantly struggled to carry the weight of…
DetailsSo you want to learn how to start a blog? This article will show you everything you need to know on how to start a blog successfully with no technical experience or knowledge required in Nigeria, Ghana, Kenya, South Africa, across Africa, or anywhere else in the world in 2018. Blogging has overtime proven to be…
DetailsThe consumption and production of sugar and sugar-based products in Nigeria continues to soar despite the low-income earned by the average person living in the ocuntry. Over 1.5 million metric tonnes of sugar is consumed annually in the country and 1.32 MMT of it is produced by local sugar mills. However, these mills spend close…
DetailsAn increase in every society’s population demands an equal rise in the food supply. Nigeria’s population is constantly growing, and so, necessitates a continuous expansion of its food sources to meet the health and dietary needs of the people living in the country—with crops like Breadfruits having the potential to become one of the food…
DetailsNigeria ranks as the world’s third-largest sorghum producer after the US and India—first and second respectively. Statistics have shown that over 5.5 million hectares of land in Nigeria is currently occupied with sorghum cultivation which accounts for the production of 2.7 to 2.8 million tonnes annually. Asides that, Nigeria’s sorghum output yielded about 35% overall…
DetailsThere are many ways to make money from the comfort of your home, but few are hardly ever mentioned or noticed because they’re either new platforms or channels that haven’t gotten much buzz in the society. While conventional methods to earn money online is to start a blog, join an affiliate program, engage in surveys,…
DetailsNigeria has a Copper ore deposit of over 10,000,000 metric tonnes, making it one of the most coveted places in the world for international buyers to purchase copper ore. This vast deposits creates a great opportunity for people living in Nigeria and have an interest in copper ore mining or export to take advantage of.…
DetailsThe Lagos State Employment Trust Fund (LSETF) is a scheme that was established by the Lagos State Employment trust Fund Law 2016 to provide financial support in the form of loans to residents of Lagos State who own businesses to enable them to grow, expand, create jobs, tackle unemployment, and enrich themselves in the process.…
DetailsThe food processing industry is a multi-billion dollar industry where raw ingredients are transformed into food for human consumption. Generally, the food processing involves the processing of clean and harvested crops into marketable food products. This industry is highly vibrant in Nigeria, Africa, and the rest of the world because asides the fact that multi-billion dollar revenues are generated in…
DetailsThe abundance of solid minerals and metals in Nigeria continues to make the nation one of the wealthiest in the world. Over 120 different minerals are beneath the country’s surface. And profitable as they may seem, one of the most globally demanded minerals which are in vast volumes in Nigeria is the rich presence of…
DetailsGrofin, an international organisation that was established to provide support in the form of investments, loans, and technical support to enterprises whose operations facilitate growth in economies, is accepting applications from businesses in specific sectors seeking loans and investments to grow their businesses. This financial support will range from $100,000 to a maximum of $1,500,000,…
DetailsNigeria, the largest country in Africa both in GDP and population is widely known as the largest producer of Soya Beans on the African continent. But despite this position held by the nation, the cultivation and processing of soya beans is still largely under-implemented because a large portion of the farmers involved in the cultivation…
DetailsThe plastic products manufacturing business offers a wide range of business opportunities for prospective entrepreneurs with a keen interest in the venture. Plastics are used in different forms in various industries, and the demand for plastic products is high and growing on a daily basis, prompting a lot of people and businesses to look into…
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