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Top 10 Business Investors in Nigeria to Help Kickstart Your Startup or Ideas

Stephen Gbolagade
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0
Top 10 Business Investors in Nigeria to Help Kickstart Your Startup or Ideas

Best Business Investors in Nigeria

Do you have an innovative idea and need the help of business investors in Nigeria?

You are trying to bring this creative idea to REALITY, but don’t know who to contact for assistance….. right?

Getting to start up a business in today’s Nigeria is a very challenging task, many have dropped their million-dollar ideas because of lack of funding or capital to start up. In scenarios like this, one has to start looking for real investors to put some money into the business which is quite stressful.

In order mitigate such challenges, I’ll be revealing some of the top business investors in Nigeria who would be willing to finance your business ideas with grants and other forms of financial support.

I’m not going to bored you with words, here are they;

Top 10 Business Investors in Nigeria

1.      Greenhouse Capital

One of the best business investors in Nigeria is Greenhouse capital. It is a foreign firm with the sole aim of growing businesses and entrepreneurs in various fields.

Greenhouse seeks to empower societal development in a way that doesn’t affects the environment. They supports tech startups in the field of health, food, agriculture and environmental development.

As a startup, you could benefit from Greenhouse if you’re into the business of producing health products, agricultural products, also clean electricity generation. And any other business that doesn’t degrades the environment.

2.      Leadpath Nigeria

Leadpath is one of the best investment companies in Nigeria. Their main focus is; growing the economy through technological development and they’re looking for great minds like you to help them achieve their goal.

The firm sponsors startups and existing businesses in the world of tech – precisely software applications.

At Leadpath, entrepreneurs in tech with the ability to create something out of nothing seems to flourish, as they look forward to techpreneurs who could think outside the box and create awesome products that will improve the country.

For techpreneurs, your business has to be in any of this category in other to get Leadpath’s funding; big data, electronic payments, mobile app development, and software applications.

3.      Ventures Platform

Ventures platform is a capacity building and capital funding firm with great interest in growing business in an around the African continent. The firm is ready to invest in people who are ready to build the future by creating great stuffs.

Since its launch, the firm has employed over 17,000 people – empowering more than 2,000 entrepreneurs in the process and more than 20 investments made. Many top firms in the country today have benefited financially from this platform.

Getting support from this platform is pretty easy. All you need to be eligible is to have a creative idea or a killer product that’s unique and solves at least, a problem.

4.      Microtraction

Microtraction is one of the best business investors in Nigeria, with techpreneurs as the focus of their investment. The firm is an early stage investor which is willing to provide financial help to tech startups in the country.

They chooses the best techpreneurs in the country; that is, those who wish to launch something creative. Microtraction will provides early funding and also advisory services in other to take their business to the next level.

And they will stay with you until you can be able to generate more funding on your own, you’d also be introduced to latter stage investor if needs be.

5.      Echo VC

Echo VC is an early stage startup investment company focused in the development of businesses in sub-saharan Africa. The firm is into the business of developing startups in the field of consumer, media and other tech related fields.

It offers many services asides funding; mentorship of entrepreneurs to the point of them being self-formidable, helping in networking you to top brands with their worldwide connections.

Echo VC is interested in sponsoring tech-based startups with an investment size of $50,000 to $20 million available for world-class techpreneurs depending on what stage of the business project.

6.      She Leads Africa

This investment firm is focusing on developing the best female entrepreneurs in the African continent.

She Leads Africa accelerator is a three-months program that seeks to reward some of the bright women entrepreneurs with cash and other forms of support.

To participate in the program, you need to submit your application by visiting https://vc4a.com/she-leads-africa/she-leads-africa- accelerator-2019/

Click on the link above to start and complete your application. They will choose you, if you have a good business idea that really wowed them.

And if you’re chosen, in just three months, you’d be exposed to some of the best business moguls in the continent, mentorship and networking will also be provided.

At the end of the three months program, the winner will walk home with N2 million worth of cash, second and third position will also get to win cash prizes as well.

Other who finished below third will also be given business mentorship, coaching and networking. It’s a win-win situation and that’s why they are the best among the business investors in Nigeria for female entrepreneurs!

7.      Lagos Angel Network

LAN is an early-stage top business investor in Nigeria and across other West African countries. They connect entrepreneurs with angel investors in the country. You can think of LAN as an access to source of funding and capital investment for businesses.

For entrepreneurs looking for business coaching, LAN also gives you access to some of the best business coaches in the continent to make your business grow.

To get started, submit your business plan here ?? https://lagosangelnetwork.net/entrepreneur-registration-page/

8.      Growth Capital

Growth capital is a social innovation fund program. It’s a company under CcHUB, which is aimed at powering the next generation of Nigerian entrepreneurs.

This company partners with some of the great business minds to offer seed funding for startups in the country. They more interested in growing businesses which utilizes the use of tech for the growth of the nation.

It’s going to be a wise choice if you check on Growth Capital by Co-Creation Hub. Because they will also provide you with a wide network of personnel in similar field of interest.

9.      Google Launchpad Accelerator

Google CSR aimed at helping techpreneurs in development tech related products for the growth of their country. It’s a program that provides the best funding and mentorship on tech business in about 40 countries of the world.

As part of Google’s launchpad accelerator beneficiary, you get access to Google products to help better your business, exposure to top Silicon Valley experts, global exposure to Google teams. And also a close partnership with Google for at least three months.

To get started, visit ? https://developers.google.com/community/launchpad/accelerators.

10.  Greentree Investment Company

Olabode Agusto is owner of Greentree. A company founded in 2012 to help smart entrepreneurs in the country actualize their dreams.

As a top investment firm and one of the best business investors in Nigeria, which provide business owners in the country with support they’ll need on their way to the zenith.

It provides a good governance framework which ensures a much more sustainable business. They provide proper financial planning so as to give your business that good financial background.

And also, they provides some of the best access to top marketers to help you sell out your business to reach your target audience. Technical expertise and also a good legal background will also provided for your business.

Conclusion – Business Investors in Nigeria

So, here are some of the top business investors in Nigeria, do not get stuck in starting that business today, try out any of the above investors and get the required support for your business.

Feel free to share this post with your friends if you found it helpful.

And don’t forget to subscribe to this blog’s newsletter for latest tips like this.

How to Invest in Nigerian Stock Exchange – and Make Huge Profit!

Stephen Gbolagade
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0
How to Invest in Nigerian Stock Exchange – and Make Huge Profit!

Have you ever for once ask yourself that, how the hell can I invest in Nigerian Stock Exchange or how does the investors make money in the stock market?

The gospel truth is that, stock market in Nigeria and around the world is quite lucrative market, with trillions of dollars been shared on a daily basis. This huge sum is shared among the market participants daily also known as “investors” – which makes investing in Nigerian Stock Exchange one of the most lucrative businesses or investing idea in the country.

The sad part is people’s inability to comprehend the business pattern, terms and trends.

With that in mind, this article will walk you through the terminologies, how and where to buy stocks, and most importantly how to invest in the Nigeria stock exchange (NSE).

So. Let begin!

About the Nigerian Stock Exchange (NSE)

Back in 1960 what we now know as the Nigerian stock exchange was launched, with its original nomenclature being Lagos Stock Exchange. It was since changed in 1977 to its current name, since then, over 200 firms have been registered with a market capitalization of over N200 trillion.

The NSE is regulated by the Securities and Exchange Commission (SEC) – the agency responsible for checking abnormal practices and thereby taking necessary action to maintain credibility in the system. The NSE is current the biggest stock exchange in the continent (Africa), in terms of market capitalization.

With its automated trading system, it’s able to generate data which are displayed on a daily, weekly, monthly, quarterly and annual basis.

Most importantly, the NSE serves as a marketplace for buying and selling of shares. But not all firms are eligible to invest in Nigeria Stock Exchange because as a company, you’d be required to have not less than fifty shareholders and must be a public company.

Terms You Need to Know Before You Invest in the Nigerian Stock Exchange

Here are some terminologies to familiarize yourself with before dealing with stocks, and the Nigerian stock exchange;

  • Dividend – This is the share of a firm’s profits given out to its shareholders, usually in the percentage of market share value. This value is decided by the top guns of the respective firm.
  • Initial Public Offering (IPO) – For upcoming firms or startups, this is the initial share offered to the public in a bid to generate more funds, and also gain more investors.
  • Debenture – It’s a form of debt that doesn’t require any assets or collateral, supported on by the creditworthiness of the issuer.
  • Equity – Equity are shares owned by a company
  • Market Capitalization – This is usually used in gauging the size of a company’s wealth. To get this value we have to multiply the current market price of a share with the remaining share.
  • Risk – The term ‘risk’ in stock exchange is quite similar to what we all know it to be; this are typically the profit patterns, this is often put into consideration when investing
  • Securities – It’s basically a documentation of possession of stocks, bonds, assets, and other forms of assets which is owned by an individual. Securities could be transferred at some certain point.
  • Yield – Yield is usually measured in percentage, it’s the measure of returns on your investment.

So here are some of the basic terminologies to get accustomed with when trading in the stock market. As you delve in deeper, you’d get to discover other term.

Some requirements for getting listed on the Nigerian Stock Exchange

  1. Financial Statement

At least financial statement of account, stating all financial engagements in the last three years must be presented.

  1. Pre-Profit Tax

A form of tax before profit usually called pre-profit tax be presented, this should be for the last 3 years of at least three hundred million.

  1. Market Capitalization

The NSE requires a market capitalization of not less than 4 billion naira before enlisting in its floor.

  1. At least 3 years of operation

For any firm(s) seeking to be listed in the floor of the NSE, a proof of operations for the last 3 years must be presented, and also, that of its core investors.

  1. Registration

Any company seeking to appear on the floor of the NSE must be a fully registered LLC with the CAC.

There are other requirements which can be found on the NSE’s site – https://www.nse.com.ng

Now, let talk about investing…..

As I iterated earlier, this business is probably the most lucrative of all forms of investment business, and as such requires lots of guidance to master to tricks and best practices.

As lucrative as it is, you aren’t guaranteed of profit on your investment, so don’t just throw in your money yet and expect returns – there are certain patterns to follow.

How to Invest in Nigerian Stock Exchange (Like a Pro-investors)

1.     Choose a company to invest in

This is probably one of the most important factors to consider, once you get this all wrong at the start, that’s it! Not all firms are worthy to investing in, or should I say buying their stocks in the NSE.

Before investing, you should take out time going through the company’s income, debt and credit profile, seeing their profit patterns. If you’ve seen a consistent trend of profit through your analysis, it’s a good sign to go ahead and invest. In a situation where that trend is missing, you could attempt to predict the future, will this business grow with time or not – this especially the case with startup companies.

If you’re able to get your predictions correct – positive or negative, your success or failure in stock trading is determined.

If you choose to invest in a startup, it may be difficult for you to predict. This is where you employ the services of a financial expert, with this your job just got easier.

·       7 best firms to invest in Nigerian Stock Exchange

I.                    Unilever Nigeria Plc

We all know about Unilever, it’s one of the oldest firms in the country but is still doing great. It wouldn’t be a bad idea in buying their shares as they do pay dividends to their holders.

II.                  Total Nigeria

Total is one of the top oil exploration companies in Nigeria, with branches spread all over the country. Getting Total’s share is one of the best investments you could make right now at the Nigerian Stock Exchange.

III.                Nestle Nigeria Plc

Producer of some of the popular beverage drinks; Nestle has grown over the years and maintain its reputation in the Nigerian stock market as one of the best to invest in.

IV.                Dangote Sugar Refinery

A subsidiary of company owned by the Richest Man in Nigeria, under the Dangote group. Dangote Sugar refinery has shown lots of potentials for growth with its steady and arithmetic growth pattern these past few years.

V.                   Guarantee Trust Bank

Yes, banks in Nigeria are one of the best firms to invest in the stock market and its trading games. But among these banks, GT bank is one good option.

VI.                 Zenith Bank Plc

Another bank in our list, Zenith bank is an award-winning Nigerian commercial bank and putting your money here is a pretty fair choice.

VII.               Seplat Petroleum Development Company

This firm is concerned with the development of petroleum products in and around the country with seeing they have N15.32 as their price per share, it would be a nice good investment if you do.

N/B: As a beginner in this field, it’s much easier to invest in startups but don’t fall into such temptation as the result are highly unpredictable, you do not want that.

Now after finding a standard firm to invest with, what next?

2.      Find an Expert trader

To invest in Nigeria stock exchange will require you to be guided by experts in the field. The best place to find expert traders are in broking houses. There are lots of these houses in the country but some of the best are; Meristem Registrars Limited, BGL limited, GTI Capital Limited, and so on.

I will write about these top brokers in my future blog post.

These firms listed above houses some of the best traders in the Nigerian stock exchange market today and you should check out any of them.

3.      Now, Invest!

Committing money into any business is a critical decision that should be well thought out, the same goes with investing in Nigerian stock exchange (NSE). The stock market is characterized by fluctuation of prices, as price of company’s stocks are affected directly or indirectly by certain factors of the economy.

There are lots of risks involved in stock trading, especially as a beginner so one of the best counter measures for this is to invest in mutual funds. This type of funds is sold publicly in form of shares, it’s gotten from many companies. With this type of investment your risks are minimized.

When starting out, you’d want to get registered with a stockbroking firm in Nigeria, some of the best are listed earlier.

The main reason for this is that, you can’t just buy stocks and start trading on your own, the stockbroking firm will give you an account which would be funded with some money – basically money you’d be using for trading.

It’s also the duty of this firm to trade on your behalf, but it can’t be done without your permission. There are certain charges on your account by this firms, but not to worry the prices don’t vary as it’s regulated by SEC.

With all this in place, you could start buying and selling of company’s share listed on the NSE floor, this is done with the aid of your stockbroker. They’ll let you know if a share is cheap or expensive; they are experts, so they understand the terrain that comes with investing in Nigerian Stock exchange (NSE) much better than you currently do.

At some point, you may be required to hold your stocks, this is because the share prices have been predicted to rise in the future and this will bring you profit.

·       5 Best Stocks to buy at the Moment in the Nigerian Stock Exchange

  • Access Bank

Since the merger with Diamond bank, Access has seen increased growth in its net profit and also interest profit. With this in the radar, experts believe that investing now will yield a good amount of profit in few months’ time.

  • Dangote Sugar Refinery

A lot is expected from this outfit as we head into the new year and this is the right time to invest in such a reputable firm – although quite new in the industry, there’s no present competitor at the moment and this is a good sign.

  • Jaiz Bank

Not your conventional commercial bank, but this Islamic bank has grown over the last few years to what investors can proudly put their money on. In 2019, the bank has grown in all aspects and yes, it’s one of the best places to invest in.

  • Cadbury Plc

Cadbury is the manufacturer of some of the popular food beverages in the country and when 2019 is put in retrospect, Cadbury group has seen growth in its share prices and it’s best you invest now.

  • Chams Plc

For users of smartcards you’d be familiar with Chams Plc – a business entity that provide smartcard facility for businesses and corporations. In 2019 alone, a 52% growth has been witnessed by the firms and experts believe the best time is now.

So that’s it – How to Invest in Nigerian Stock Exchange (and make profits!)

The stock exchange market, especially the Nigerian Stock Exchange could be a really complicated market – not your usual marketplace! This tips above will surely help you navigate its murky waters easily.

Kindly share with your friends if you found this great.

How to Get Freelance Writing Jobs in Nigeria – and Succeed in 2022

Stephen Gbolagade
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0
How to Get Freelance Writing Jobs in Nigeria – and Succeed in 2022

Are you a freelance writer and you’re thinking of how to get profitable freelance writing jobs in Nigeria? If that’s why you’re here, I will show you the easy step-by-step guide to hit your first client.

Writing has since been one the best forms of communication even with the advent of newer technologies, writing is still relevant in today’s society. There aren’t many blessed with this skill, if you do have this skill, then you can make a whole lot of money from it.

In Nigeria, there are lots of freelance platforms for writers with different level of competence – from amateur to expert. I’ll be showing you best ways to succeed as a freelance writer, how to get freelance writing jobs in Nigeria, billing your clients and many.

Recommended: How to Start Freelancing Business & Build a Successful Brand

So, let’s dive into it!

What is freelance writing?

Freelance writing is a form of writing where you’re paid to create article, blog posts and other forms of writing.

Unlike the conventional writing for media houses, with this type of writing you’re not bound by contract by any employer, you’re at liberty to work for whoever you wish.

Becoming a good freelance writer in Nigeria will surely take some time to master, also, some materials will be needed to compliment your writing skills – you may have good command of English grammar and still be a mediocre freelance writer, you know?!

Freelancing has become common place in our online world, with lots of skills to be offered. Among the many skills on offer, writing seems to be the more popular choice, and yes, people do make money from it but that’s not our focus for now, we’ll get to that soon.

Some requirements to Start freelance writing business

Below are some materials and resources that’ll make you a much better writer in the freelance world;

·       A PC (preferably a laptop)

This is a must-have if you’re going to succeed in this field. This speed of QWERTY typing can’t be compared to any other form of typing. The keyboards on laptops have a larger keypad space where you could flex your hands on. You could start with a smartphone if you can’t afford to buy one, but be ready to spend more time typing.

·       Good internet connectivity

They’ve been complaints of below par internet connectivity in the past years, but in recent times – as technology keeps developing, we’ve witnessed much better internet speeds. A good internet connection is required for research purposes, communication with clients, (most of which you’d meet online). Generally, a good internet with high speeds lets you do more in little time.

·       Good command of English grammar

This is very important as it shows your competence in translating your acquired knowledge to comprehensible words. This doesn’t entail you know all the words in the dictionary, just simply the basics will do. All your research and knowledge will be of no use if you can’t convert them to well structured written words.

Benefits of Being a Freelance Writer in Nigeria

  • Spare time: Freelancing in general affords you more time to take care of yourself, engage in other activities and develop yourself
  • Money: This is a given, you’re in this to make money in the process. The amount of money you can make is limited by you – there’s no limit to your earnings when you got pretty good freelance writing jobs in Nigeria, it’s totally up to you.
  • Knowledge/exposure: As a freelance writer in Nigeria, your client may give you topics to write on various niches which you may not be familiar with, these topics will require you to do extensive research which in the process, you would learn a lot of things which you don’t know.

As with everything that has positives, there are also certain negatives. In writing, there exists some challenges to be faced as a Nigerian freelancer – at least for now;

Some Challenges Faced by Freelance Writers in Nigeria – and Possible solutions

  • PAYMENT OPTIONS:

One of the popular means of paying freelancers online is PayPal, it’s quite unfortunate in Nigeria that we can’t receive payment via PayPal. Most freelancers in Nigeria find it difficult to receive their payment after delivering their jobs, even though there exists other means, the charges are quite high and this might be a challenge.

Solution: Get a good PayPal alternative, Payoneer. Click here to learn how to create new payoneer account in Nigeria.

Another solution to payment options limiting the rate of getting job done easily is to use other possible available payment options. Click here to see the top ways to send and receive money in Nigeria to/from Abroad.

  • CLIMES VARIATION:

Imagine writing for a client you met from the UK, how do you structure you write ups to sound ‘UKish’? (if there’s a word like that) that’s the big question you’ve got to answer.

As a freelance writer in Nigeria, there exists this challenge where you’ll need to tone your write ups to suit the originating clime.

Solution: Always read books written by foreign authors, watch Hollywood movies, watch some tutorials on YouTube created by foreign vloggers and finally, try to read from foreign websites or blogs.

The purpose of doing that is to learn their tongues and how you can write exactly how the contents will be easier and perfect for your foreign clients.

I lost a job worth $250 because my writing style did meet my US’ client expectation – although he compensated me with $50 but I could have been his regular writer hadn’t been I impressed him in the initial place,

  • LIFE-WORK BALANCE:

As you grow as a writer, your work load will invariably increase and this may lead to stress. You’ll need to get to a point where you balance your life and work activities – too much of something is bad. Sometimes it’s important you take a break from work to unwind, and feel more rejuvenated.

Solution: Hire someone else to be assisting you. For instance, I have two active writers that work for me and I pay them per article written. Hiring these two content writers has give me enough space to focus on my web design and digital marketing agency, and I have enough time to enjoy myself.

Now, let talk about the big deal – how you can easily get freelance writing jobs in Nigeria;

How to Get Freelance Writing Jobs in Nigeria

It’s difficult getting a job in the conventional workspace, the same applies for getting a gig in freelancing – very stressful!

But don’t worry, I’ll be showing some of the best places to sink your net and catch more clients.

A lot of things can the done online with the help of the internet, and as a writer, it’s important you get familiar with the terrain.

  1. Get Freelance Writing Jobs in Nigeria on Social Media

Social media is one the best places to finds freelance writing jobs in Nigeria, and many have benefited in terms of job hunting.

How do you get writing gigs on social media? There are lots of answers to this question but the first is about you marketing yourself.

No one is coming to meet you and hand you a gig, your profile should suggest to your followers what you do before they could consider hiring you. LinkedIn, Facebook, Instagram and Twitter are some of the best places to find your clients – you just have to make yourself available.

As Zig Ziglar would say; it’s better to be prepared for an opportunity and not have one, than to have an opportunity and not be prepared.

  1. Get Freelance Writing Jobs in Nigeria on Freelancing Marketplace

There are some other platforms where you could get writing gigs in Nigeria faster, these are mostly freelance sites which you could choose any below.

Top 10 Freelance Marketplace to Get Freelance Writing Jobs in Nigeria

  1. Fiverr | https://www.fiverr.com
  2. Upwork | https://www.upwork.com
  3. Guru | https://www.guru.com
  4. Freelancer | https://www.freelancer.com
  5. Indeed | https://www.indeed.com
  6. Freelance Writing | https://www.freelancewriting.com
  7. ProBlogger | https://www.problogger.com
  8. Jobrapido | https://ng.jobrapido.com
  9. Uvocorp | https://nigeria.uvocorp.com
  10. People Per Hour | https://www.peopleperhour.com

You need to understand how these freelance marketplace work. The major thing you need to understand is brushing your skills often, learn negotiation and communication skills.

But let me talk about one of the major part; billing a client;

How to Bill a Client as a Freelance Writer in Nigeria

Ah! This is one of the biggest challenges while starting out as a freelancer and it’s important you master this skill because thinking of getting freelance writing jobs in Nigeria. It’s quite difficult even for the pros but there’s a way to tackle this problem.

As a writer you’d be doing rigorous researches, scouring the internet for answers – and for this, you be visiting the internet once again. Going online to find out how others in your field charge for a gig is a good place to start, this gives you an idea of the billing/pricing architecture.

As you get more proficient in your writing, you’d want to earn much more, your level of competence should also be considered, if you’re offering much value you should consider increasing your price – in freelancing, value is key!

  • On fiverr and most famous freelancing websites, the average price for writing a 500 words content is $5, 1,000 words is $10 and so on.

But you can earn more than that! I’ve seen a guy who won a freelance writing job worth $300 for just 1200 words.

  • Another way to bill your client is PPW or Pay Per Word. You can be charging $0.02 for a single word.

That means if you write a 1000 words content for a client at $0.02/word, then you will earn $20 and you can increase your price depending on the value you’re creating and the client you’re writing for.

Don’t forget to do the necessary arithmetic required for certain factors like transaction charges on payment portals. Most online payment portals charge for using their portal to receive payments.

If you’re dealing with a foreign client, don’t forget to check the current exchange rate for their country and yours.

Pro Tips to Get Freelance Writing Jobs in Nigeria

  1. Always endeavor to meet up to schedule, if you know you can’t meet up don’t accept the gig
  2. Connect with others in your field as this exposes you to some of the latest events, best practice and also you get to exchange ideas. Social media and forums are perfect places for this.
  3. Read, read, read! As a freelance writer in Nigeria, you need to to know what’s happening around you – this make you a better writer.

Over to you – How to Get Freelance Writing Jobs in Nigeria

So, here’s what you need to know about freelancing and getting freelance writing jobs in Nigeria, I hope these tips help you succeed in the freelance marketplace (and writing niche).

Don’t forget that you need to build relationship with your clients. A single client can pay you money worth hundred-thousands of Naira, if you build the right relationship with him/her.

So, what do you think about this blog post? Do let me know what you think below in the comments.

Video: How to Start Making Money as a YouTuber in Nigeria

Stephen Gbolagade
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0
Video: How to Start Making Money as a YouTuber in Nigeria

How to Start Making Money as a Youtuber in Nigeria

If you’ve been thinking about starting and making money from YouTube as a content creator in Nigeria but don’t know how to get started, you’re just at the right page.

in this video, my contributor (Chuksheroic) will show you guys different ways you can use to make money as a youtuber in 2020. And how you can earn more money online with your youtube channel even with low subscribers.

This is not going to be a kind of theory or worded tutorial, but we are going to show you exactly what to do and how to do it.

Watch video below: How to make money from YouTube in Nigeria and any country!

https://youtu.be/TVtkejd8wMY

Conclusion — Making Money as a Youtuber in Nigeria

YouTube allows creators from all over the world to not only share their ideas and work with the public but also earn money from it. You can become one of those bloggers and channel owners and get rich legally with YouTube. All you have to do is follow a few simple steps you’ll find out in this video.

Kindly share this video with your friends if you found this helpful, by using the floating social media buttons here.

And in case of any question, kindly ask and I promise to attend to your question and also, it will other readers will be happy to gain from your questions.

Good News! Bitcoin ATM in Nigeria is Now Available — Withdraw from Wallet

Stephen Gbolagade
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0
Good News! Bitcoin ATM in Nigeria is Now Available — Withdraw from Wallet

Are you looking for a way to withdraw cash from your bitcoin wallet in Nigeria, or you’re even doubting if this will be possible? Well, that was impossible for some years but now, you can now withdraw your bitcoin earnings via Bitcoin ATM in Nigeria.

As you know that Bitcoin is a digital currently, the most traded in financial market. Regardless of its ups and downs prices, investing in Bitcoin or cryptocurrency business is one of the most lucrative and passive ways to make money in Nigeria.

There are lot of people who’ve made fortune from cryptocurrency, and people are still making some hefty income from bitcoin in Nigeria.

Recommended: How to Make Money from Bitcoin/Cryptocurrency in Nigeria

Here is one of the sad demerit of it;

Smart entrepreneurs are really making money from crypto in this country but unfortunately, they’re not enjoying their profits to the ‘fullest’. Why? Because some percentage of their profits are lost to exchangers.

Well, that was the only way you can enjoy your bitcoin earning in Nigeria, I mean sending those bitcoin from your wallet to the exchangers’ wallets and he will send you cash in returns.

This is what I’m saying;

Let say 1Btc is $20,000 on normal exchange rate.

But if you want to sell the same 1Btc to an exchanger in Nigeria, you could be paid $18,000 — $19,000. But I’m sure no exchanger will give you $20k.

Check here: Top 11 Cryptocurrency Exchange Websites In Nigeria

In some countries, they have ATM machine to withdraw cash from their bitcoin wallets. Which makes it possible for them to enjoy their maximum profits trading or investing in bitcoin. They don’t have to send to any exchangers unlike Nigerians.

Apart from loosing some percentage of your profits to an exchanger in Nigeria, you can also be scammed.

To be safe and enjoy all the benefits that comes with bitcoin, we need to have a stable Bitcoin ATM in Nigeria to withdraw cash from your bitcoin wallet.

First Bitcoin ATM in Nigeria is Launched

For the past few years, we didn’t have such in Nigeria, I don’t no why. Maybe because it’s too expensive or those cryptocurrency entrepreneurs didn’t value it.

But I’m happy to announce to you that; there’s a Bitcoin ATM in Nigeria where you can withdraw your bitcoin earning!

Yes, hundreds of people are happy on Facebook when a media entrepreneur who is also into crypto business, Makinde Azeez (founder & CEO of famous Naijaloaded.com) made the public announcement that his Bitcoin ATM just got delivered to him. And of course he shared the picture of himself with the BATM as a proof.

Bitcoin ATM in Nigeria by Makinde Azeez
Naijaloaded CEO, Makinde Azeez with the First Bitcoin ATM in Nigeria

Although, Makinde Azeez bought the first (and currently the only) Bitcoin ATM in Nigeria but I’m sure that someone else is ala thinking of the same thing in this country.

Currently the bitcoin ATM can only be found in Lagos, Nigeria

Although Makinde Azeez is not in all 774 local government areas in 36 States in Nigeria, but you as a person who’s into cryptocurrency can benefit from him.

Ask me how!

Remember I said the only way to withdraw cash from your bitcoin wallet in Nigeria is to sell it to exchangers in return for money or cash.

That’s the method we are still going to be managing for now until we have these Bitcoin ATM saturated in Nigeria.

So, how are you going to withdraw cash from your bitcoin wallet in Nigeria?

It’s simply by contacting Makinde Azeez!
To contact him physically, you will need to find his location in Lagos and close the transaction between you guys or contact him digitally (online).

To contact him digitally, you’ll send the bitcoin to him and he’ll help you withdraw it from his BATM.

Note that he’s not going to do the transactions for free. He will surely charge you a taken according to how much you want to withdraw from your bitcoin wallet.

No matter how much he charge you, it’s safer than giving your hard-earned and expensive bitcoin to someone that will scam you or ripped out some profits more than normal as his exchange fee or percentage.

Let me use the previous example to explain this better.

If normal exchange rate for 1btc is $20,000. An bitcoin exchanger in Nigeria may buy it from you at $19,000, making you to loose a whole $1,000!

And that $1,000 in Nigeria currency is equivalentIs to N362,000! That’s lot of money. In fact, you can use this to start a business or buy a plot of land in some areas in Nigeria.

But sending your bitcoin to Makinde Azeez for Cash withdrawal will be little bit lesser.

Why sending your bitcoin to Makinde Azeez for Cash withdrawal via Bitcoin ATM? Is he trusted?

Yes! He’s trusted and has been building his reputation online for past decade. He’s the founder of Naijaloaded where you download your latest music.

Please note that a lot of people will be trying to impersonate him or act as if they are his agents in order to scam you but please, don’t fall from them.

I don’t how many percent he’ll take but very possible he will be the best and most  affordable bitcoin exchanger in Nigeria.

Conclusion — Bitcoin ATM in Nigeria, Withdraw Cash from Bitcoin Wallets

This is NOT a sponsored post or post published for advertising sake!

I don’t know Makinde Azeez and same from his side. But as an entrepreneur, it’s a good news that someone made an effort to sacrifice and buy this expensive bitcoin ATM in Nigeria.

And also, making it more easier to withdraw cash from your bitcoin wallet without loosing much from your profits.

You may be asking..

How can I Contact Makinde Azeez?

To contact him is easy but you need to be very careful because people are impersonating him a lot. I won’t drop any link here but you can go to go to Naijaloaded.com, click on the contact us page and you’re good to go.

Please don’t fall for scam trying to get to him. I can help you get his personal WhatsApp number if you wish (kindly comment below for this)

Also, I’m not a cryptocurrency exchanger. So don’t contact me for this.

But if you have payoneer funds, I can buy from you at a good exchange rate.

Over to you….

Are you happy for this good news? Will you like to try the bitcoin ATM out? Do you have anything to say about this bitcoin ATM and cash withdrawal from your bitcoin wallet? Please let share them using the comment box below

And don’t forget to share!

Top 10 Grants for Entrepreneurs in Nigeria to Help Finance Your Business Ideas

Stephen Gbolagade
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Top 10 Grants for Entrepreneurs in Nigeria to Help Finance Your Business Ideas

In case you don’t know the top and genuine Grants for entrepreneurs in Nigeria, I’ll open your eyes today to them.

There are many Grants or programs outside there that professes to be helping our dear entrepreneurs in Nigeria but they later turn out to be the real definition of “Scam”. I don’t know if you’ve had any experience with any of those programs but, either you have had an experience applying for grants in Nigeria or not, stay cool as I’ll unveiling these top and legit programs for you.

But what really is a “Grant”?

A “grant” according to TheSage dictionary is an act of providing a subsidy.

Grant is paid by either a government or a non-governmental organization to support business owners or enterprises by giving some amount of “Money” or “Capital” in order to finance their business, idea or startup.

How these Grants for Entrepreneurs in Nigeria are really helping:

Getting a business off the ground or owing a successful business could be challenging, most businesses and business ideas have been buried because of little to no funding opportunities.

If it seems you’re in this scenario, applying for any of these grants in Nigeria might help breathe life into your business.

Currently, there are over 20 funding programs for entrepreneurs and startups in Nigeria, so if you’re smart enough, there shouldn’t be any funding problems as these programs are tested and trusted by thousands of lucky entrepreneurs in Nigeria.

So, here we go;

Top 10 Funding Programs or Grants for Entrepreneurs in Nigeria

1.     Tony Elumelu Foundation (TEF) Scheme

The Tony Elumelu foundation was founded by the popular billionaire Tony Elumelu, this scheme is geared toward supporting entrepreneur in the country in getting the best out of any field they choose to venture into.

Tony Elumelu is the founder of United Bank of Africa (UBA Plc) – which is one of the most successful and top banks in Nigeria.

The best way Tony Elumelu gives back to the community is through this Grant or funding program for entrepreneurs in Nigeria.

He is also very passionate about the growth of the African continent, with a goal to empower over 10,000 entrepreneurs in its first decade. So far, the organization has helped over 8,000 beneficiaries and also creating lots of job opportunities in the process.

How Do I Apply for Tony Elumelu Foundation Grants in Nigeria?

To apply, visit this link http://www.tonyelumelufoundation.org/about-tef/application-process and follow the simple form.

Note that before you will be eligible to apply for TEF scheme in Nigeria, your business should at least three years old, you have to be above the age of 18 and business must be located in Nigeria.

2. Trader Moni

The Trader Moni is the latest grants for entrepreneurs in Nigeria introduced by the current administration (the Buahari-Osinbajo’s government). This scheme is for small petty traders in and around Nigeria, the program gives out N10,000 to N300,000 interest free loans.

In the last couple of years, the programs have successfully disbursed loans to several traders across the nation.

The program has seen lots of engagement in the last years with many beneficiaries benefiting in the local funding program.

How Do I Apply for Trader Moni Funding Scheme in Nigeria?

To be eligible, visit the nearest Trader Moni agent in your city to get your loan, you should own a small petty trade. To pay back, visit any of the commercial banks.

3. YouWin Program

This is another funding program, meant for startups or “upcoming” entrepreneurs in Nigeria with little to no source of funding. It’s a competition which participants could win and get the business sponsored.

How Do I Apply for YouWin Program in Nigeria?

It is carried out annually and you can apply by visiting https://apply.youwin.org.ng/registerp.php to register with your email. Once registered you’d be emailed when next the competition commences.

Applicants must have undergone formal education up to secondary level, also you must be above 18 and not older than 45. You would be required to show proof of citizenship and your business would be domiciled in the country.

4. GroFin Finance and Business Support

The GroFin support scheme focuses on improving small businesses with the capacity for growth. Lots of beneficiaries and benefited immensely from the Grofin scheme.

How Do I Apply for GroFin Support Scheme in Nigeria?

Interested applicants will be required to visit https://www.grofin.com/language/en/apply to complete the application process. Business must be focused on the following sectors; Water, Energy, Manufacturing, Healthcare, Agri-processing and Education.

Your business should be at least a year old with a maturity level of 3-6 years. With this you’d be eligible for GroFin’s low interest loan with durations last from 3-8 years.

5. Shell LiveWIRE

The SPDC livewire project was launched with the aim of empowering young Nigerians living in the Niger Delta region a chance to own a successful business through its grants for entrepreneurs in Nigeria. Since its launch in 2003, the funding program has successfully trained thousands of Nigerians, also helping them to grow their businesses in the process.

How Do I Apply for Shell LiveWIRE Program in Nigeria?

For persons age 18 to 35, you’re eligible to participate in Shell LiveWire scheme.

Here are other requirements; your intended business should have its location in any of these seven states; Abia, Rivers, Akwa Ibom, Bayelsa, Imo, Edo and Delta states. Your business should also have a good potential for future growth.

With these, you can apply online for SPDC Livewire grants in Nigeria by visiting https://www.shellnigeria.com/liveWIRE

6. USADF Grants

The USADF is an American agency which seeks to empower African communities by providing various grants for entrepreneurs in Nigeria and other several African cities. USADF offers state-wide grants and regional grants, but mostly state grant. Many Nigerian state and its citizens have benefited from the USADF program.

How Do I Apply for USADF Grants in Nigeria?

Eligibility for this program are as follows; each grant for a specific location has its own criteria that has to be, but basically, you have to have a proof a citizenship of whatever country or state in focus, and must be above the age of 18. Visit https://www.usadf.gov to apply

7. Global Innovation Fund

Global innovation fund is in the business of supporting innovative minds in developing nations which our great country, Nigeria is a part of.

GIF receives innovative ideas from individuals from these nations and support some of the best innovative business ideas. GIF support the beneficiaries of its program with all the necessary finances like loans and grants. The funding ranges from $50,000 to $15 million.

How Do I Apply for Global Innovation Fund in Nigeria?

To get started, visit https://www.globalinnovation.fund/apply/ to fill the application form, making sure you’re above 18 and a citizen your country of choice, your business ideas must be outstanding – one that impacts the lives of many.

8. Bank of Industry (BOI)

The bank of industry is the federal government initiative to help grow, small, medium and large business enterprises. Partnering with the FG, ministry of finance, Central bank and Dangote group, the scheme provide grants for entrepreneurs in Nigeria (and other big business owners), in form of loans with can be used to facilitate the growth of their business.

Eligibility: to qualify for BOI loan, your business must be registered and must be based in the country. Unlike most loan offerings, the specified amount is paid to the firms selling the products you need to purchase – strange right?

How Do I Apply for Bank of Industry (BOI) Funding Scheme?

To apply visit any of the BOI offices nearest to you.

9. Federal Government Special Intervention Fund

This is another one from the FG, with all the shenanigans witnessed by the government we’ve seen lots of good initiatives from them, and this is one of them.

The FG special intervention fund provides subsidized loans to all business in and around the country, an interest rate of 9% is charged.

How Do I Apply for Federal Government Special Intervention Fund?

To get this fund, visit any of the BOI offices close to you, but mind you, your business should be a registered limited liability company.

10. Africa Young Entrepreneurs Empowerment Program (AYEEP)

A South African based non-profit company with interest in developing young and upcoming businesses in its 19 countries of coverage.

African young entrepreneurs have since launched its empowerment program known as AYEEP. The program has funded over a thousand business ideas since its inception in 2014. In a 3-days conference held daily, the company receives business ideas and funds the most outstanding ideas – the funding program or grants is mainly for startups!

How Do I Apply for AYEEP’s Grants in Nigeria?

To benefit for this program, visit https://ayeonline.org, also you’d be required to provided a proof of citizenship, your business must also be located within the country.

Conclusion – Top Grants for Entrepreneurs in Nigeria

Here are the top grants for Nigerian entrepreneurs which are currently active for lots of business owners and startups in the country today.

Note that some of these grants are like “Loan” without collateral and, for a longer period of time unlike when you applied for loan in Nigeria’s banks.

Also, I’m not assuring you that you’ll any grant because I have no affiliation with any of them; you need to get your mind together, think a unique idea that will improves living or help others and, you’ll be lucky for these grants.

If you have a great business or innovative business idea, apply and let both share your testimony as one of those lucky guys who won one of the grants for entrepreneurs in Nigeria and I really hope this is so.

If this post is helpful, kindly share with your friends on social media and don’t forget to check again. You can as well read other related posts.

Top 10 Crowdfunding Sites in Nigeria to Get Donation Easily

Stephen Gbolagade
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Top 10 Crowdfunding Sites in Nigeria to Get Donation Easily

If you’ve been trying to raise a fund or capital for your business idea or any other thing, but don’t know where to go, worry not as I will show you the top 10 crowdfunding sites in Nigeria and the basic stuffs you need to do before and while getting started.

And I will also tell you how you can promote your crowdfunding campaign to attracts more “donors” and gather lots of funds.

But before then, you may be asking….

How Does Crowdfunding Sites in Nigeria Work?

Crowdfunding site is a platform where donations are raised for a particular reason. Either to take care of medical bills, pay school fees, fund your idea or start a business.

Seeking donation from these crowdfunding sites is very and far different from acquiring loan from bank or using loan apps. Because the aim of these crowdfunding sites is to “help” people.

In my own simplest definition, I define these crowdfunding sites in Nigeria as;

A platform where people raise some amount of money digitally  or on the internet from a large number of people who are also known as “Donors”.

Why Crowdfunding is the Best Free Way to Raise Funds in Nigeria

According to Wikipedia, over $34 billion was raised in 2015 from crowdfunding to finance one or two things as earlier explained. That’s about 12,308,000,000,000 Naira (12.3 Trillion Naira)!

And the amount would have increased annually since then.

Apart from the Wikipedia figure, a renowned activist and politician in Nigeria, I mean the founder of SaharaReporters raised some millions of Naira for his presidential campaign using one of these crowdfunding sites in Nigeria.

And also, it’s legal as long as you crowdsource for fund without any false pretense.

You may be thinking that you don’t need to use Crowdfunding sites before you can raise funds in Nigeria but here’s a fact;

Once in a person’s life, the need to finance certain projects may arise, this may lead to leading to outsourcing funds from various sources which may include crowdfunding sites.

These platforms help people finance several important projects when they fall short or have insufficient funds. They’re several crowdfunding platforms available and I’ll be revealing the top 10 best crowdfunding sites in Nigeria, sit tight and lets ride!

Top 10 Crowdfunding Sites in Nigeria

1.     KickStarter @ kickstarter.com

KickStarter is a world-famous crowd funding platform that has helped many is financing many innovative ideas. The site is updated daily with mind-blowing innovations from the world of arts, comics and illustration, and also design and technology visitor of the site will have the chance to view your product, idea or innovation if they find it interesting, you’re in luck as they are able to make payments to support you or your firm.

Once you sign up, you’d be required to provide detailed information on how funds gather will be put to use, this assures the visitors because they’ve got knowledge in what there are putting their money on.

2.     Indiegogo @ indiegogo.com

Indiegogo is another giant among the list of best online crowdfunding sites in Nigeria for the innovative minds – both content creators and innovation seekers, you get to find the best of them all at Indiegogo. Creators from the field of homes and décor, phones and accessories, travel and outdoors, health and fitness, audio, and film are all invited to use this platform in funding their ideas.

Since its launch, the company has helped millions of entrepreneurs worldwide in fulfilling their financial dreams. This has been made possible by it large fanbase of sponsor in about 200 countries of the world.

3.     CrowdFunder @ crowdfunder.com

Another top crowdfunding platform in Nigeria with worldwide reputation is CrowdFunder. Crowdfunder has helped many start-ups in getting their businesses up and running, many start-ups all over the world have Crowd Funder to thank for the so the growth so far of their business.

Asides start-ups, individual with certain projects have the opportunity to post their ideas and innovations, but you have to note that most visitors will tend to favor start-ups more often, so unless you’ve got something highly innovative and important, don’t post as your ideas may not appear on Crowd Funder’s timeline.

4.     Patreon @ patreon.com

Patreon is another CrowdFunding site in Nigeria meant for content creators to help then in funding wonderful projects.

Patreon is more like Facebook in the Crowd funding world, you post your ideas, invite your fans and get them to fund your ideas. Creators which ranges from Video creators, Podcasters, or you’re trying to make money as music artists and many categories of people, use this platform to fund their ideas, and if you fall into any of these categories you should be using Patreon.

It’s quite easy to use, sign up and spread the news to your fans, take out time to customize your profile. With Patreon you could fund any project with few clicks.

5.     GoFundMe @ gofundme.com

This platform helps persons in various disciplines in their fundraising endeavors. The platform utilizes many top payment systems and NGOs in funding the payments of several innovative ideas of its users.

This platform is free and easy to use, they’re no extra charges except those which may be incurred by your credit card company. You could use to platform for funding for a friend, yourself and for charity.

Other categories which the over ten thousand users using this site include; medical, memorial, emergency, nonprofit, education and also pets/animals. You could see a list success stories and testimonial on the site.

6.     CrowdCube @ crowdcube.com

CrowdCube is one of the best crowdfunding sites in Nigeria that seeks to empower entrepreneur and start-ups in and around the world. The founders of this platform saw the difficulties faced by start-ups in getting their businesses off the ground and took out the time in starting up this platform. The platform is funded by its over six thousand partners worldwide.

CrowdCube also has an online app for both apple and android users which helps make it easier for its users to use the platform. If you’ve got a wonderful idea to fund, don’t hesitate to use this platform.

7.     NaijaFund @ naijafund.com

Naijafund is one of the best crowdfunding sites in Nigeria, it seeks to help entrepreneur and start-ups get their businesses up and running. Aside the funding of businesses, other innovative ideas by several individuals can also be funded using NaijaFund.

It’s one of the best home brands, aside the foreign owned crowdfunding platforms that’s offers some of the best service in that category.

Using the site is quite easy and straightforward as users who seek funding could easily connect the service to their various social media platforms, making the reach of customers quite easy.

8.     Circle Up @ circleup.com

Another top brand in this category is Circle Up which focuses on helping entrepreneurs with consumer-based products in focus. Although owned by foreign parties, its reach covers all the world with Nigerians also beneficiaries to this wonderful service.

For entrepreneurs and start-ups new to the labour market, Circle Up will come in handy when looking to fund a product, service and even to get ideas off the ground, from tech, to arts and craft, sports and entertainment and even freelancers could utilize this wonderful service in the funding of whatever package they want.

9.     MicroVenture @ app.microventure.com/crowdfunding

MicroVentures is another brand with over a hundred thousand persons including top firms like Uber, Spotify, Lyft, Anaplan and many others investing in various innovative products. Lots of entrepreneurs around the world especially start-ups use the platform in the getting funds for their products or services.

With MicroVentures, you’re either a creator or investor – as an investor, you free to actively donate to any of the projects on the site with no invest fees. Entrepreneurs from virtually any field can publicize their innovations or products and get support from the ever-increasing numbers of backers.

10.  Fund an Enterprise @ fundanenterprise.org

Last on my list of top 10 crowdfunding sites in Nigeria is a home brand that has been doing great things of late – Fund an Enterprise. The name speaks for the brand as it has helped lots of enterprise in funding small and large-scale products.

The firm is also present in several African nations including Ghana, Kenya and South Africa. Lots of enterprises in these countries including Nigeria have benefited hugely from this platform. The platform still sucks in certain categories which I believe will be worked on in the future.

Here you go!

But wait……

Before I round everything up, let me quickly tell you how to promote your crowdfunding link;

How to Promote Crowdfunding Campaign in Nigeria

The best ways to promote crowdfunding campaigns in Nigeria is through social media marketing.

This is how to go about it:

  • Choose one of those crowdfunding sites listed above and go to their site
  • Create your campaign with solid proof of your reason(s)
  • Get your crowdfunding campaign link
  • Create a Facebook Page & Instagram business account
  • Link facebook page with Instagram to make the campaign 2-in-1
  • POST a short video or Picture that talk virtually talk why you need fund or donation

NOTE: If you’ve successfully link both your Instagram and Facebook page together, POST the video or picture on Instagram and it’ll automatically appear on your facebook page

  • Make sure you write convincing contents in Instagram/facebook post and insert your link after first two paragraph and second to the last paragraph.
  • Boost the post on Facebook with at least N5,000, target worldwide and people interested in the category you needed donation for (either Technology, Medical, Entertainment etc)
  • Sit back and keep tracking your campaign

If you can do all what I’ve listed above in the ‘right’ way, I’m sure you’ll see someone who’s generous to donate some funds for you.

But in meantime, you can check out the following related tips:

Let me clear this for you, GoFundMe is my top recommended among this list of best crowdfunding sites in NIGERIA because it gives no stress and headache, also there are lots of investors (mostly foreigners) on the platform.

You can hire me to help you get more donors for your crowdfunding campaign in Nigeria from both foreign and local investors.

NOW, let round it all off!

 Rounding Off – Best Crowdfunding Sites in Nigeria to Raise Funds

These are the list of top crowdfunding platforms where you can crowdfund for an innovative idea, entrepreneurship, products or even a service.

Kindly note that you must have a very good reason with proof before thinking of outsourcing for money or donation.

And in case you don’t know how to create a crowdfunding campaign or get more donor, kindly hire me ASAP or contact this Digital Agency.

There shouldn’t be a barrier any more with the knowledge of these crowdfunding sites in Nigeria, do well to share this post with your friends and let me know what you think about this post by commenting below

This post, Top 10 Crowdfunding Sites in Nigeria is written and published by me, Stephen Gbolagade.

10 Easiest Ways to Send and Receive Money from Abroad in Nigeria

Stephen Gbolagade
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10 Easiest Ways to Send and Receive Money from Abroad in Nigeria

Are you looking for a risk-free, convenient, and best way to send money from abroad in Nigeria?

If yes, then this page is for you! If you’re a freelancer, or online business person or you have family living outside the country, you may need to send money to them or they send it to you here in Nigeria. But what’s the best and easiest way to do this?

Typically, it’s much easier to send or receive money right here in Nigeria from anyone within the country, at least, we have the financial institutions and their internet banking services. But in the case of international payments, it’s not easy and sometimes, risky.

There are many reasons why sending money to Nigeria from abroad is risky such as certain financial rules apply may be exclusive to a particular nation, logistics, trust (fear of being scammed), and many more.

Despite all these differences, people still receive money from abroad in Nigeria, and you too can.

Most of these payment methods or services to receive money in Nigeria are online based, and as such you should be familiar with navigating the internet while you can also try some offline without the internet. These payment services – either online or offline have their strong points and weaknesses, this implies that there’s NO 100% ‘best way’ to receive money in Nigeria from foreign countries, rather you could choose the most suitable option based on your situation and recipient, and in some cases the originating country.

Below are some of the best ways you can receive or send money from (or to) abroad in Nigeria.

10 Ways to Send and Receive Money from Abroad in Nigeria

1.      Western Union

First on my list is the popular Western Union (WU) services that let you send and receive money from friends and family members living outside Nigeria. Western Union is also listed as a means of payment in some online freelance marketplaces across the globe.

It being first on this list doesn’t make it the best means of receiving payment from abroad. In term of reputation and general market awareness, Western Union seem to be the most recognized platform for receiving international payments.

How to Receive Money from Abroad in Nigeria with Western Union

This means of receiving payment involves:

  • Visiting the nearest commercial bank, as almost all commercial banks in the country are agents of this service and I advise you to use this medium when you receive a huge sum of money.
  • Tell the bank you need to set up a way you can receive money from foreigners with Western Union and they will set everything up for you.
  • You can do better without visiting the bank by creating an account on Western Union’s website.
  • After setting up your account, the next thing is to send your details to the foreigners in order to send you the money
  • After sending him/her your details, ask for the MTCN
  • After 24 hours, go to any commercial bank to withdraw your money.

Frequently Asked Questions about Western Union

  • QUES 1: What’s the requirement to open a Western Union account to receive money from Abroad in Nigeria?

ANS: You will need an ID card that bears the name and address you want to use to receive the money.

Note that using the Western Union service to receive payments offers little to no convenience as you’d be bombarded with lots of paper works; a valid means of identification, the Money Control Transfer Number (the sender will send this to you), the amount to be credited as indicated by the sender, the sender’s country and name. These are just the basics as several banks have varying requirements.

  • QUES 2: Do I need my account number to receive money from Western Union?

ANS: No, you don’t need your account number.

  • QUES 3: How much does it cost to send money to Western Union in Nigeria?

ANS:  According to CNN Money, Western Union charges $5 for a money transfer of up to $50, but a transfer of $900 could cost $76.

  • QUES 4: What’s the meaning of MTCN in Western Union?

ANS: MTCN stands for Money Transfer Control Number. It’s a tracking number or a 10-digit reference code assigned to every single money transfer made with Western Union.

Okay, let’s check the second option if it’ll be easier;

2.      Payoneer

More like the PayPal service, but Nigeria is still plagued with the inability to receive funds; more like a one-way street! With issues like this, many Nigerians have decided to switch while awaiting the good news from PayPal.

Payoneer is a pretty new service and not well known, It packs lots of features like what’s found on PayPal and also offers you a MasterCard or Visa card which you can use locally in withdrawing your funds. Many freelance sites such as FIVERR are integrating this service as a means of payment.

Such wide acceptance goes to show the credibility and efficiency of such a means of payment.

As a freelancer, it makes life easier as it keeps you away from the banks (and all its stress) and lets you focus more on your job while using your Payoneer card on the go.

Amazing Offer: Click here to open a payoneer account and earn $25 bonus!

3.      MoneyGram

Many compare MoneyGram to Western Union, Well they’re not wrong as these two have similar structures and close-looking features, but what is MoneyGram and how can one use it to receive money from abroad in Nigeria?

MoneyGram is a world payment system that eases the means of payment across the world, this process made it possible by its affiliation with commercial banks across the globe. You can use the MoneyGram service by visiting any commercial banks in Nigeria – most banks with Western Union also support MoneyGram, and as with its counterpart, lots of paperwork awaits you.

Requirements to Receive Money in Nigeria from Abroad with MoneyGram

You will need stuff like:

  • A valid ID card having the name and address you gave the foreigner.
  • Reference number, Sender’s name, and his/her country in order to withdraw the money.

Other requirements will be requested depending on the bank you visit.

N/B: It’s important you use your current bank as this makes the process much easier.

4.      World Remit

Another wonderful service you could use to receive funds internationally in Nigeria is World Remit.

World Remit is an online money transfer service that facilitates the easy transfer of money from overseas to Nigeria. This service was launched primarily with the intention of easy cash transactions for international workers. As a freelancer or relative to someone overseas, you’d find the service pretty useful and straightforward.

One selling point of this service is its lower charge rate when compared to its counterparts. Not much paperwork is required, just a few clicks online and you are good to go. It’s not advisable to use this service for receiving large amounts!

5.      Ria Money

Ria Money is a similar service to that of Western Union and MoneyGram. One distinction is that Ria Money also uses local kiosks and shops in and around major cities the facilitate cash transfers. It’s quite similar to WU in terms of structure, lesser transaction fees are charged thereby leading to longer transaction times.

The service can be accessed online or via its local agents scattered around Nigeria and can be used in receiving money. You can also receive your funds via credit cards, and bank accounts, but you’d incur more charges when you make use of either credit or debit cards.

6.      Skrill

Skrill has been around for a while now, it’s built mainly for skilled workers who intend to monetize their skills online. Mainly freelancers especially on this side of the world find it difficult to receive payments after doing a job for their clients.

PayPal which is widely supported by most of these sites still doesn’t allow users in Nigeria to receive money – you could say that this is a substitute for PayPal. Skrill is now widely supported by freelance sites and beginning to garner global acceptance.

The service which is online based will allow you to link either your credit card or local bank account to its site, with this you can rest assured of getting all your payments in a timely manner.

7.      Wire Transfer

The 7th on the list is the good old Wire transfer which transfers the cash directly to your bank account. A major drawback in using this means in receiving payment from abroad in Nigeria is the time it takes for the money to arrive in your account and other technical difficulties that may arise from using Wire Transfer.

As long as you have a functional bank account, you could use this service in receiving funds, but be ready to wait for at least, 3-5 business days.

8. Remitly

I have been using Remitly for a few years now and it is the best option I would recommend if you want to send or receive money from Abroad to Nigeria.

If you are sending, all you need to do is ask for the receiver’s bank details including the bank’s SWIFT code, and in a few minutes, the money will be sent to the receiver. To get started with Remitly, go to their website here.

As a receiver, after providing the details the sender asked, relax and expect a notification from your bank.

If the money finally drops into your account, you will need to go and withdraw the dollars and then sell to dollar exchangers, or you can ask your bank to convert the dollars to Naira on your account. But you know banks’ rates are not as high as Aboki’s rates.

9. SendCash Africa

This is also pretty straightforward and in minutes, the money will be available to the receiver.

As a sender, you need the receiver’s local bank details and you head to sendcash’s website to start the transaction.

10. Cryptocurrency

You have to be very careful when dealing with cryptocurrency as any single mistake will push your money into “vanishing”, so if you don’t know anything about Crypto, please use any of the methods mentioned above.

If you know about crypto, then you should be able to sort yourself out.

You’re welcome.

Start Sending and Receiving Money effortlessly

Some people would expect PayPal to be on the list but, I’ve intentionally skipped them. The reason is due to the technicalities involved if you choose to go through the back door, not everyone will be comfortable with that as PayPal Nigeria doesn’t support receiving of funds.

In conclusion, these mediums however easy or complicated they may be, have their best use cases and you should choose your preferred method based on the current situation.

I hope you’ve learned a lot, Let me know which of these services you use to receive money from abroad in Nigeria and I’ll be glad to update this post with your new method if its result is great.

Treasury Bills in Nigeria: Investment, Rates, Calculation & All You Need to Know

Stephen Gbolagade
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0
Treasury Bills in Nigeria: Investment, Rates, Calculation & All You Need to Know

There are many investment opportunities where you can preserve and increase your money instead of just saving in the bank. Among these opportunities is T-Bills Investment – That’s investing in Treasury Bills in Nigeria. T-Bills investment is hidden to most Nigerians because it’s not hyped or talked about like other ways to make money or start a profitable business.

If by any means you want to know more about Treasury Bills investment, then you’re at the right page.

I will show you everything you need to know ranging from: the meaning of Treasury Bills, How Treasury Bills works in Nigeria, Types of Treasury Bills in Nigeria, Advantages & Disadvantages of Treasury Bills in Nigeria, Rates of Treasury Bills in Nigeria, How to Buy Treasury Bills in Nigeria, How to Calculate T-bills Profit and Definition of some terms related to Treasury Bills.

Now, all you need to do is keep your 100% mind focused here as you will learn something great and new today!

Treasury Bills in Nigeria: Everything You Need to Know

Let go;

What are Treasury Bills?

Treasury bills is also known as T-Bills. It’s is basically of short-term debt backed by the government of any state, in the Nigerian context, it issued by the FG via the Central Bank of Nigeria. These bills are offered here in the country on a bi-weekly basis via the CBN, and due to their liquid nature, they can be traded in the secondary market.

These bills are often used in funding many infrastructural projects which may pop up during governance, most projects like road, school, electricity and more have part of their funding from T-bills.

Treasury bills in Nigeria have a maturity period/date – a period where one can cash out or withdraw his/her funds.

T-Bills more like a loan offered to the government with interest, but this time it’s not from banks alone. It is from any individual in the country. The maturity period can be likened to a loan’s expiration date whereby the borrower will have to repay his/her debt. The maturity period for T-bills varies, but in most case it ranges from ninety-one days to a year, based on the agreement reached, the tenure could be more.

RELATED: Top 10 Banks to Get Loan in Nigeria

How Treasury Bills works in Nigeria?

So how does T-bills work in the country, it’s pretty straightforward.

Once in the period of two weeks, the Central Bank of Nigeria announces the sale of government securities which includes treasury bills, this information is carried in the pages of national dailies and on the CBN website. Interested persons will have to make a purchase by filling out the T-bills form from any of their official dealers, agents or commercial banks.

Once the transaction is approved, the proposed sum will be deducted from the account provided in the application form. Once received you’d be paid your interest rate upfront, the balance will be sent to you at the bills maturity date. This bills from now on will be used in funding most projects, it also used at times to as part of funding for the national budget.

Types of Treasury Bills in Nigeria

There are basically three types of treasury bills offered by the Central Bank of Nigeria, they’re a classified according to validity period;

  • 91DAYS NTB – These bills have a tenure of 91 days after which the FG pays back its debt to the lender. 91 days bill are auctions bi-weekly on Wednesdays but payments are to be made on Friday.
  • 182DAYS NTB – The treasury bills of this type reach maturity after 182 days of bill issuance. After this the bills are payed after the initial interest which is usually paid upfront.
  • 364DAYS NTB – You could also refer to this as bills that are matured after a year period. The auction is usually on Wednesday and payments the next Friday.

Now, let talk about the big deal;

Advantages and Disadvantages of T-Bills

As with all forms of business and investments, there are the good and bad sides of the coin, the same can be said for T-bills. Generally.

However, there are some advantages and also disadvantages which are as follows;

Advantages of Treasury Bills in Nigeria

  • Treasury bills are one of the best investments one can engaged in, for consistent income.
  • Treasury bills in Nigeria are tax free form of investments offered by the FG. This implies that you don’t need to pay added fees for tax.
  • The risks involved are less or let say it has no risk because it’s backed by the government.
  • You are assured of getting every penny invested back, plus interests.
  • There are no charges for transactions and they are very liquid.
  • Very advisable than keeping your money in back. Treasury Bills lets your money keep increasing.

Disadvantages of Treasury Bills in Nigeria

  • The major disadvantage that may is the constant fluctuation of interest rates, as this may hinder your profit potential.

Now let talk about the said rate;

Rates of Treasury Bills in Nigeria

The current rates for National treasury bills can be found on the pages of major newspapers, CBN’s website and the DMO website.

The currents rates Nigeria treasury bills 2019 as released by the CBN are as below:

Auction date

Marginal Rate

91 days182 days364 days
October 16, 201910.8011.00%12.94%
October 02, 201911.0811.60%13.20%
September 18, 201911.1011.75%13.30%
September 11, 201911.1011.79%13.28%
August 28, 201911.1011.58%12.89%
August 14, 20199.7011.35%12.00%
July 31, 20199.7510.60%11.18%
July 17, 20199.7410.75%11.13%
July 03, 201910.5011.70%11.91%
June 19, 201909.6011.89%12.02%
June 13, 201910.0011.94%12.34 %
May 30, 201910.0011.95%12.20 %
May 15, 201910.0012.30%12.49 %
May 02, 201910.0012.49%12.77 %
April 17, 201910.1412.50%12.74 %
April 03, 201910.2912.60%12.85 %
March 20, 201910.3012.20%12.34 %
March 13, 2019N/A12.50%12.84 %
February 27, 201910.90%13.01 %14.37 %
February 13, 201910.97%13.40 %14.95 %
January 30, 201911.00%13.50 %15.00 %
January 16, 201911.00%13.10 %15.00 %
January 02, 201910.89%13.10 %14.50 %
    • Credit: www.nigeriagalleria.com
  • You can find the rests of this by visiting >> https://www.cbn.gov.ng/rates/GovtSecurities.asp, there you’d see the rates for subscriptions, net sales, marginal rates, true yield and more, you’d could also explore the rates for other security like FGN Bonds, CBN bills and more.

How to Buy Treasury Bills in Nigeria

Purchasing of treasury bills in Nigeria is a pretty easy process and anyone can buy into it, as long you have the minimum amount required which is N10,000 you can invest in this business.

  • All you need do is get an agent or accredited dealer.
  • Request and Fill out the T-Bills form you’d be given, state your amount you’d be willing to invest and the money will be deducted accordingly.

Asides these accredited agents, commercial banks in Nigeria are also a good platform to buy any amount of treasury bills in Nigeria, and it’s advisable you use the banks to be on a safer side.

If you still don’t get the whole concept of T-bills purchase, don’t fret as there are agent in most commercial banks to guide throughout the process.

How to Calculate T-bills Profit

After investing in T-bills, you expect to get profit at the end of the day, you could easily calculate your potential profit before its maturity date. To calculate, you’d need to have some variables, the tenure/type of Treasury bill purchased, the amount purchased and you’re good to go.

Income is calculated in percentage so you have you subtract the amount from 100, and dividing whatever you have with the same amount, finally you multiply whatever value gotten by hundred – just like calculating the Simple Interest (SI) in Mathematics.

I mean like:

  • 100 – amount x 100 for the profit.

To get the annualized profit, you’d have to multiply what you have in the formula above by 365.

  • Annualized profit = profit x 365.

Definition of some terms in Treasury Bills:

Some you’d need to familiarize yourself with when dealing on treasury bills

  • Yield Rate – The yield rate for any T-bill is the amount of return on your investment, it’s expressed in percentage.
  • Bill Auction – It’s an event that occurs bi-weekly in which treasury bills are auctioned
  • Treasury Bond – Similar to treasury bills, treasury bond or T-bonds have fixed interest rates and have maturity of above 10 years. The interest is paid on a periodic basis until the maturity date.
  • Government Paper – These are securities that are issued by the Federal Government
  • Stop rate – Stop rate is the highest rate you can get on interest.
  • Tenor – Amount of days, usually 91, 182 or 364 days, that bills can be held.
  • Bid rate – This implies to how much you’re willing to buy any government securities during auction.

Rounding Off – Treasury Bills in Nigeria

So there you have it, all about Treasury bills in Nigeria. Soon, am going to write about top banks you can buy Treasury bill and how to buy them.

Let me say again that investing in T-Bills is very advisable for smart people like you because, the money you keeps in the Bank do nothing for you and sometimes the money are gradually deducted by the banks for some unreasonable expenses like card maintenance etc.

If you invest in Treasury Bills, you’re going to have your money increased and don’t forget that it is 100% risk free!

Keep anticipating for more guides about treasury bills in Nigeria but for now, do let me know what you think about this type of investment and don’t forget to share this amazing information with your friends by clicking on the floating social media icons.

 

Top 15 Business Blogs in Nigeria (2022)

Stephen Gbolagade
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5
Top 15 Business Blogs in Nigeria (2022)

In this post, I’ll be going over the best business blogs in Nigeria to keep up with the latest happenings in business because in today’s fast paced business world, one would need to be abreast with the latest happenings in the world of business, the latest business trends, business tips and best practices.

These business blogs are the best you can find in Nigeria, with quality contents to keep you up-to-date in the world of business, I’ll be dropping links you can use to access the various blogs I’ll be listing out below, be sure to add them to your bookmarks on your favorite browser for easy access.

Important Disclaimer: I’m not ranking any blog above others and the numbers here are not denoting hierarchy. But the main idea behind this blog post is to show you 15 best business blogs in Nigeria with helpful contents for smart entrepreneurs like you.

Top Business Blogs in Nigeria

1.      Invoice.ng Blog | www.invoice.ng/blog

Invoice.ng is for me, the best blog for business inclined persons and corporations, virtually any class of person in the business world is taken into consideration. Invoice.ng offers some of the best business tips and best practices to stay elevated in this ever-growing world of business.

The site is updated with the best content in business you could think of, why don’t you check it out and see for yourself.

2.      NextnaijaEntrpreneur Blog | www.nextnaijaentrepreneur.com

My second favorite, nextnaijaentrepreneur focuses on developing aspiring entrepreneur and sole proprietors, they offer well-tailored tips that focuses on increased productivity of an entrepreneur. Don’t get too perturbed by the word entrepreneur, the tips and advice provided on the sites is practically applicable to anyone in the world of business.

With the rate of unemployment in Nigeria, nextnaijaentrepreneur is doing a good job in creating entrepreneurs out of nothing.

3.      Nairametrics Blog | www.nairametrics.com

NairaMetrics is one of the top all-encompassing business blogs in Nigeria, the site is fortified frequently with the best of best stories and insight in business, it exposes business persons to the best practices in business, youths with affinity for business aren’t left out, everyone is duly represented on the pages of this blog.

Personally, I’ve learnt a lot by visiting this site and it will be nice you do same.

4.      SME Digest Blog | www.smedigest.com.ng

This blog is updated daily with some of the best news and happenings in and around the world of business, it covers field like entrepreneurship, insurance, stocks and other fields in the world of business.

As a business person, you’d find great posts with picturesque explanations for easy understanding, you could as well share the stories in there with your loved ones and friends to also keep them informed on the latest happenings.

5.      SMEbiz Info | www.smebizinfo.com

If you aspire to start your profitable business in Nigeria soon, there are some sites you’d need to frequent on, SME biz is one of such sites and I say this with every bit of certainty.

Navigation on this site is pretty easy and require less hassles, you visit, navigate, get any information you want without stress. On this sites, you’d be provided with the best tips, guides from experts.

6.      Gbolamedia | www.gbolamedia.com

Gbolamedia is also one of the best business blogs in Nigeria, with helpful insights guides and tips on the latest happenings in the business world. The blog provides the best information you could find in the world of business, this site is more concerned in the growth of business persons and entrepreneurs.

It was ranked as one of the 100 best SME blogs on the internet by Feedspot. Accessing Gbolamedia is pretty easy as the site is both mobile and desktop friendly with well outlined navigation.

7.      Utibe Etim | www.utibeetim.com

From the name you can tell the blog’s owner – Utibe Etim. He’s one of the top bloggers in Nigeria and a programmer which focuses on web technologies – these technologies he has harnessed by creating one of the best blogs in the country that focuses on business. As with most blog owners, Utibe Etim uses his passion in addition to vast knowledge in the world of business to offer quality information for the consumption of business persons.

8.      Starta | www.thestarta.com

Another top business blog in Nigeria is Starta, despite its early status, the blog and its team of experts find a way to deliver fresh and quality contents to your PCs and smartphones. Topics on this site encompasses all fields in business and they cater for all in the business world especially start-ups.

9.      SME Toolkit | nigeria.smetoolkit.org/blog

Not your conventional hardware toolkit, but an online based toolkit with all the necessary tools in running modern business. The toolkit covers all from, stocks, business insiders, pro tips, and other important advice to keep you on the way to your business success.

If you are thinking of starting up any business in Nigeria, then frequent visit to this site will set you off the chasing park.

10.  Ventures Africa | www.venturesafrica.com

Ventures Africa focuses on the best business innovations in and around the continent of Africa – with specific interest in Nigeria since its owner is a Nigerian – Uzodinma Iweala.

The blog’s love for innovations leads it owners scouring the continent in search of business innovations and bringing it right back to your internet enabled devices. Asides innovations, Ventures Africa also provide best stories and tip from the business world.

11.  Profitable Venture | www.profitableventure.com

Ever thought of starting a profitable venture, well think no more as I present to you a blog which is directed towards the success of entrepreneurs. Nobody wants to be in charge of a business where nothing works, we are all in business to make profit and that what this site seeks to do by providing the best implements for growing any business.

12.  Entrepreneurship Secret | www.entrepreneurshipsecret.com

Well this site should be of great interest to all entrepreneurs who want wish to get the best out of their businesses. As the name of the blog implies, secrets on the nitty-gritties of entrepreneurship and make you enjoy your business like never before.

13.  Startup Tips Daily | www.startuptipsdaily.com

As a newbie in the world of business, you’d need some tips to help you scale through the murky waters of business. Startuptipsdaily.com provides daily tips for startups in Nigeria in a bid to aid them succeed through the preliminary stages of their business.

14.  Entrepreneur Business | www.entrepreneurbusinessblog.com

The entrepreneur business blog is one of the best business blogs in Nigeria for best tips and tutorials on running whatever business it is you run. Its expert team of entrepreneur provide some of the best laid out information in the business world, in a well-articulated manner.

15.  Entrepreneur Platform | www.entorm.com

This is one the best online platform for business inclined individuals, with latest information in this face moving business world. You can also get insight on top skills in Nigeria that’re profitable and how you can start them. Every entrepreneur should endeavor to visit this platform for best in the business world.

What’s your opinion above these listed top business blogs in Nigeria?

So there you have guys, there you have it – the best business blogs in Nigeria. And once again remember that this is not a ranking blog post and I don’t have any intention to place any blog above others but I wrote this strictly for educational purpose,

I’ll be waiting to hear your thoughts in the comments!

Top 10 Business Ideas for Housewives & Moms in Nigeria

Stephen Gbolagade
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4
Top 10 Business Ideas for Housewives & Moms in Nigeria

Lucrative business ideas for housewives in Nigeria – In today’s world women are beginning to take the initiative – not depending on their husbands for money and other material things, they’re getting it all on their own. Asides working class moms, housewives can also make good money by starting a profitable business.

In this post we’ll be going through some of the best business ideas for housewives in Nigeria. These ideas may be simple businesses or even tech-inclined in any way but, women are also doing great things in the world of tech. Most of this businesses requires little to no capital, some will requires some tutoring which you can find online.

Profitable Business Ideas for Housewives in Nigeria

1.      Catering (BAKING)

Catering is one good way any housewife could make good income, it doesn’t require much to do. I will say baking is a much easier option among the numerous catering ideas as it doesn’t stress you out – it easier!

In baking, you’re spoiled for options, there are lots of thing you could bake as housewife and make good money. We have, cupcakes, doughnut, meat pie, burger, little breads and even chin-chin. All these products will make you good money not matter where you find yourself in Nigeria – once they taste nice you make lots of costumers.

2.      Writing

If you’ve got good writing skills, then you could make good money writing for different corporations, and even yourself – by writing books.

If you’ve got the skill and perhaps don’t know how to go about it, then I’ll give you some suggestions on how to start.

As a mom at home all day, working offline wouldn’t be ideal – unless you wish to write books, if that’s not want you want. Then there are lots of online platforms seeking for good writers with good writing skills. If you think you’ve got what it takes, then you could visit any the freelance platforms listed here.

3.      Fashion Design

The fashion design industry in Nigeria is pretty huge and has lots of potentials for intending fashion designers. Although I’ll say this field of business is saturated, if you’ve got the ‘know-how’, a good fashion sense, and the right equipment, then you could make good money from the comfort of your home without depending much on your significant order.

I’ll say this type of business idea for housewives in Nigeria is more capital intensive than the two above, you’ll need to purchase some equipment to aid your work, as for workspace, you could choose a portion of any room, or any room and caress your hand.

4.      Web Design

Still on design, but now a much more tech inclined type – website design is of  business ideas for housewives in Nigeria that I can recommend to both men and women, because I have been doing this for a while and the return is pretty good than any other businesses i have invested in.

Gone are the days where certain professions are left for a specific gender, many technical and technological tasks were left for the male folks, with little to no participation from their female counterpart.

Today, lot of ladies are beginning to do great things in the world of tech and you could join the trend and maybe stamp your name in the ‘tech hall of fame’!

We have many web design agencies in the country who are doing pretty well, and they have females like you as part of their team members.

Women by default love design and as such, delving into this field wouldn’t be much of a tasks – it would be more like fun!

5.      Bead Making

Still dwelling on things that has to do with design and fashion, bead making is another good business ideas for housewives in Nigeria to make money.

Bead making I’ll say is less capital intensive – it requires little to no capital as you may already have some beads which you could use in starting up this nice business.

One good thing about bead making is its ease it gives to the maker, you could still do other things while making good beads.

6.      Digital Marketing

Moving back to more techy ideas, digital making has made many rich in recent times, it requires less effort as you could do this using any of you smart gadgets – your smartphone or PC.

Digital marketers are needed in our today world as businesses keep seeing the benefits of digital advertisement. The era of TV and radio jingles is slowly phasing away due to the efficiency of marketing digitally, you could target a specific set of individuals.

This business idea may be difficult to acquire mastery, not to worry if you’ve got the passion, then you could learn the ‘ins and out’ of this business on various online platform – Google, YouTube, Udemy and more.

7.      Vlogging

Vlogging functions more like blogging, but in this case, using audio-visual means in telling stories and ideas about things. Vlogging is beginning to gain credence in today information filled world, many bloggers are beginning to go visual, use videos to tell their stories.

People generally love learning through visual means as it’s easier to comprehend the information shared via the use of videos. If you think you can do this, then be prepared to get a camera, or preferably a smartphone with good camera for a start.

Get your ideas of income and go to YouTube.com to create a channel and go on to dominate your niche!

8.      Blogging

Blogging pays a lots – yeah it does and anyone could make good money in this business. This idea I would say is pretty nice as there is no limit to how much you can earn. There lots of bloggers in Nigeria today who are making money via blogging – students, working class persons and even housewives, there lies lots of money making possibilities.

Starting this business will require you to have a good gadget with good supply of the internet, constant research and reading on your chosen niche and the ability to convert your thoughts to words, with these in place, you ‘re good to go.

9.      Affiliate Marketing

Marketing is crucial to the success of any business, most businesses creates opportunities for affiliates who use their products or services and also wish to make some money in the process.

This is one of the best business ideas for housewives in Nigeria because, you don’t need to break the bank before you can start and, you can make lots of money while recommending or helping big companies to sell their products or services.

As a housewife who wish to venture into the business, you’d need some tutoring on how to go about it the right way – there are many who are affiliated to many companies, but they make little to no money, while others who go about it the right way make good money off it.

Recommened:

10.  Dropshipping

Dropshipping is the new gold in today’s internet driven business, a world where you could own a nicely furnished retail store right from the comfort of your home, run it effectively and make good money from it as a housewife.

There are numerous platforms for aiding you through the nitty-gritties of dropshipping in Nigeria, I’ve shared some of the best platforms for dropshipping in previous articles, do well to check them out.

As a housewife you could make lots of good money by owning a retail store online, as with affiliate marketing you’d need some tutorials in a bid to master this line of lucrative business.

Wrapping up – Top Business Ideas for Housewives in Nigeria

As a housewife you’d have little or nothing to worry about financially as long as you engaged in any lucrative business, the ideas outlined above are among the best you could think of. What’s your take on these business ideas for housewives in Nigeria? I’ll be waiting for your feedback(s) in the comment box below.

And don’t forget to share this article with your friend on social media by clicking on the social icons floating in this page.

Top 10 Banks to Apply for Loan in Nigeria (and Requirements)

Stephen Gbolagade
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0
Top 10 Banks to Apply for Loan in Nigeria (and Requirements)

Applying for a loan is one of the ways we source capital to start a business or expand the business. Sometimes, people visits banks to apply for loan in Nigeria without any collateral in other to take care of urgent and important matters such as paying school fees, health bills, and many other things that requires funding.

However, some people choose to borrow money from agencies that may later become “loan sharks”. These loan sharks are after nothing but your collateral(s) and that’s why it is important to choose where you get your loan appropriately and with peace of mind.

Some banks require collateral before they can give out loan in Nigeria, while a few of them doesn’t need your collateral as long as you meet their other requirements (especially as a reliable customer).

There are more than twenty commercial banks in Nigeria, but the gospel truth here is that: not all these 20+ banks are good in terms of dishing out loans.

Before you visit any of these banks to apply for a loan in Nigeria, you need to know the interest rate and all other features that make a loan look nice on you — although there is nothing like a nice loan when it’s time to repay.

I’ll be revealing top and reliable banks that give loans without collateral in Nigeria.

Top 10 Banks to Apply and Get Loan in Nigeria

1.      First Bank

Don’t get anything twisted here, the name doesn’t make it come first, but the reputation over the years does. First Bank has been in business since 1894 and has continually delivered fresh innovation in all its products and services — they’ve even got an insurance service.

If you need to apply for either business or personal loans in Nigeria, First Bank coincidentally leads the chart in the country, They’ve got different loans for different purposes; education, contract financing, SMEs, mortgages, and more.

Requirements to apply for a Loan at First Bank Nigeria

Applying for a loan at First Bank Nigeria will require the following items;

  • An application letter
  • Proof of payment for the last six months
  • Statement of account for six months
  • Utility bill
  • Means of Identification

All these are to be submitted at any of their branches nationwide.

You can also apply for the loan at First Bank using their online loan channel using this link: First Bank Nigeria >> Banking >> Loan

2.      GT Bank

GT Bank ranks as one of the top banks to apply for loans in Nigeria, which on my list comes second. They offer some of the best loan packages in Nigeria you can think of, from conventional loans to salary advances, and quick credit.

Requirements to apply for loan from GT Bank

  • Applying for a quick credit loan at GTB can done via your smartphone and you will have to be a current account holder with GT Bank.
  • For conventional loans — which can be used for any purpose, the requirements are as follows:
  1. A letter of application
  2. A collateral
  • Bank statements for six months
  1. Proof of employment or income for the last six months
  2. In some cases, a guarantor with a reputable financial history.

You can apply for a loan at GT Bank using their online loan portal via GT Bank >> Personal Banking >> Loans OR apply by visiting any of their branches.

3.      WEMA Bank

We’ve all heard of ALAT by WEMA, well that’s one of their many innovations that sets them above the park. They’ve got nice packages for salary earners, business persons, and the government.

They got one of the best interest rates, with fast disbursement of any amount requested.

IF you need to get quick online loan without visiting any banks in Nigeria or filling any loan application form, you can check out these top 10 loan apps in Nigeria and they can be downloaded free on Android at Google PlayStore and on iOs at AppStore.

All loans from WEMA could be applied online by visiting WEMA Bank >> SME (via a smartphone or PC) and offline (via their business offices).

Requirements to Get a Loan at WEMA Bank, Nigeria:

It doesn’t take much as some requirements remains the same as the two above;

  • An application letter
  • A letter of introduction by your employer
  • Irrevocable letter of salary domiciliation
  • A valid proof of income for at least three months
  • Your current address via a utility bill
  • And valid means of identification

All these can also be submitted both offline and online. And if you meet their requirement, you will get your loan request approved and given to you.

4.      Sterling Bank

Sterling Bank is also known for its numerous innovations and top-class service offerings. One such innovation is its ‘SPECTA’ loan program that offers up to five million naira to salary earners in the country.

For conventional loans, Sterling Bank has also got you covered with loans you could use for any purpose of your choice.

You’d have to visit any of their offices or online using Sterling Bank >> Personal >> Loans

The Requirements to Get a Loan at Sterling Bank, Nigeria

  • An application letter
  • Proof of payment/statement of account for at least six months
  • Proof of employment
  • And some additional paperwork which will be revealed to you there.

5.      Zenith Bank

Here is another lion among the top banks to apply for a loan in Nigeria, Zenith Bank.

The bank is well recognized locally and internationally with many prestigious awards to their names. The loan program offered by Zenith is one of the best in the country. The loan varies from salary earners to business persons and government organizations.

Zenith Bank’s loans can be applied both online via Zenith Bank >> Personal Banking >> Loan and offline.

Requirements to get a loan at Zenith Bank, Nigeria;

  • A valid means of identification
  • Proof of employment/income
  • Account statement of at least six months
  • And your bank verification number.

6.      UBA Bank

United Bank for Africa is another top brand that offers one of the best loan packages to individuals of all categories, and this add to their prestigious service as they also offers a very special prepaid VISA card you can use for any online shopping.

They offer loans of various amounts with the competitive interest rates.

UBA Bank loans can be applied by visiting any of their nationwide offices. Application form could be gotten via the bank’s website: UBA >> Nigeria >> Banking Banking >> Loan Payment or by visiting their offices.

Requirements to Get Loan at UBA Bank:

  • A valid ID
  • Proof of employment/income
  • And a guarantor (a person of good standing in the society with good financial background).

7.      Access Bank

Access bank is one of the top banks in the country presently and their loan packages is one of the best in Nigeria. Their loan vary from personal loans to business and even mortgages. And the bank has been very active than ever since they acquire Diamond Bank, this has added to their reputation and reliability in Nigeria.

Access bank offer flexible loans with competitive interest rates.

Requirements to Get Loan at Access Bank, Nigeria:

Before applying, you need to provide the following at any of their offices or online via the portal Access Bank >> Personal Banking >> LOANS

  • Your Bank Verification Number (BVN)
  • An application form
  • Letter of confirmation of employment
  • Valid means of identification
  • And letter of lien.

8.      EcoBank

EcoBank provides good loan packages for all your needs, be it business, purchasing that home or executing that project. The loans are flexible to all categories of persons.

Requirements vary according to type of loan, you can get more information by visiting any of their branches or online via https://www.ecobank.com/gq/personal-banking/products-services/loans

9.      STANBIC IBTC

Penultimate bank on this list is STANBIC IBTC bank, despite their ranking here, they still find a way of delivering competitive loans in all categories.

Requirements to Get Loan at Stanbic IBTC Bank, Nigeria:

Some of the initial requirements are as follows;

  • The applicant must be above 21 and not older than 60 at the expiration of the loan’s tenure
  • Proof of employment or income for the last six months
  • Good credit report
  • And for personal loans; you need to have an account with STANBIC.

For more, you can visit STANBIC IBTC loan portal via https://www.stanbicibtc.com/Nigeria/Individual/Borrowing/Personal-Loans

10.  Union Bank

Last but not the least is Union Bank, offering one of the best loan packages with great value on interest.

They offer all types of loans including loans for homes, salary earners, government and are at competitive prices. The requirements are as the same as above and you need to visit any of their offices or online using this link >> https://www.unionbankng.com/loans/

Wrapping Off – Top Banks to Apply for Loan in Nigeria

Applying for loan in Nigeria from these banks are easier than ever. But I will strongly advise you to learn more about each bank’s policies before you request for loan from them.

And it’s important you know your ‘why’ before you think of applying at all.

DISCLAIMER: Please kindly note that this post is not for ‘Ranking’ purpose or the numbers aligned above defines how best the bank are, which it comes to granting personal or business loan in Nigeria. But this post is ‘only’ for educational purpose – to enlighten you about the best banks you can get loan in Nigeria and their requirements.

So here are the top 10 banks to apply for loan in Nigeria, which do prefer and do you have any question? Let me know in the comments!

Top 10 Agricultural Businesses in Nigeria with Little Capital but Huge Profit

Stephen Gbolagade
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Top 10 Agricultural Businesses in Nigeria with Little Capital but Huge Profit

Nigeria is a nation blessed with many resources which fetches the nation’s income, from crude oil to coal, limestone and even rich soils for farm produce. Talking of farm produce, we’ll be going through the top 10 agricultural businesses in Nigeria that you can start with little capital and make huge profit

Of course we all know that investing in agriculture is one of the best thing a person can do in their lifetime, especially in Nigeria where there’s no enough space for those seeking white-collar jobs.

Some of the richest persons in Nigeria make most of their money via investing in agricultural businesses. A perfect example is Ex-President Olusegun Obasanjo, General Muhammad Buhari, Aliko Dangote and others.

Although most “schooled” fellow thing that farming is a symbol of poverty and somehow not worth devoting time for, because it brings little profits.

But, Investing in any or various agricultural businesses in Nigeria with the right orientations, fetches hefty income.

Well, to be honest with you, not all agro materials gives a lot of cash. Some yields more gain while some yield less. But let talk about talk about these profitable agricultural businesses you can start with little capital and make some profit;

 Top 10 Lucrative Agricultural Businesses in Nigeria – (W/ Little Capital)

1. Plantain Plantation Business

Plantain is a nice meal and packs very nutritional contents, like iron and vitamin D. Plantain is a multipurpose dish, the popular ‘boli’ is made off plantain and guess what, the people love it — I haven’t seen anyone who dislikes boli, not one!

Aside Boli, plantain could be either fried, and/or eaten with rice, boiled, or even used in the production of other delicious delicacies.

You see people selling plantain chips in streets, car park, supermarket and even that fancy restaurant near you.

With all these use cases, the idea of setting up a plantain plantation would be great, just a rich land and you’re in business.

All you need is to get a piece of land, clear the bushes, find or buy the plantain suckers and plant them all.

Plantain’s plant doesn’t die or perish except you clear them off, and this make it a good business to start. Because it will keep reproducing, even if you cut them.

2. Cassava Plantation Business

Cassava farming is one good lucrative agricultural business in Nigeria. It’s a known fact that most Nigerians loves ‘garri’ — which is a derivative of cassava — I love it too.

Aside it’s most conventional use case which is the production of garri, most tribes use it for the production of other food items. If you’ve ever gone through the pack of most baked items, you’d find cassava flour in almost all of them.

Cassava farming has been giving money since Nigeria’s inception and it still does in today’s Nigeria — even though it’s now saturated.

All you need to start this business is to find a good piece of land, make heaps, find or buy cassava trees and plant!

3. Poultry Farming Business

We all love chicken and yeah you could also make agro-money in Nigeria via a poultry farm. Most persons in the country prefer chicken to any other form of meat, as such they always go for it. Poultry produce have some of the best nutritional contents you can’t find in other forms of meat.

Starting up your poultry isn’t quite difficult as you don’t need a land for it, just a good poultry house, some hens and cocks, and poultry feed. One hazardous factor in poultry farming is the offensive smell it gives out, but recently there are ways reduce the intensity of the smell.

N.B. There’s no better time to start your poultry than now, December is fast approaching and Christmas festivities drawing near!

Apart from poultry farming, you can also extend to egg delivery business which is also lucrative.

4. Snail Rearing Business

One of the best decisions you’d take in your life is investing that money of yours in rearing of snails — don’t get it twisted, I meant every word in that sentence.

Snail are nice creature with many health benefits, and best of all they’re hermaphrodites — this is every business persons delight, you don’t need to go hunting for opposite sexes.

Aside it nutritional benefits, rearing of snail provides good money for anyone who wishes to do this business, best of all, the market isn’t saturated.

If you would like to start this business, here is a guide on how to start snail rearing business in Nigeria (and make huge profit)

5. Pineapple Farming Business

A very sweet fruit that serves lots of purpose and used in different industries. Pineapple is one of the top lucrative agro products in Nigeria. It’s fortified with a good measure of vitamin C, and other nutritional minerals.

One good thing is that it’s generally love by all and as this adds to your earning potential. One visible application of pineapple is its use in the production of pineapple juice by juice factories.

Whether juice or eaten originally, you’d be able to make good money off pineapple farming if you start today.

Once you have your land ready, only the suckers are needed and you’re good to go!

6. Fishery

Fishes are nice creatures and also a nice way to make money is by rearing them. You need to be aware that fishes are of different species and not all offers profit, some have high profit margin than others.

I’ll advise you go for catfish rearing if you want to make good money in this business, reason is that you can easily rear them and second, they’re in high demand especially for those lovely fresh fish pepper-soups.

Rearing catfish is really one of the most profitable agricultural businesses in Nigeria

7. Piggery

Pork meat is a very sweet meat, for me it’s more delicious than all meat types present in the country. Starting a piggery business in Nigeria might be a little tricky due to the dirty nature of pigs — as dirty as pig they say.

A male and female pig could give up to a double dozen of kids at once, and as they continue to reproduce the more money you’d be making. You’d have to feed these pigs constantly else — the parents may eat their young ones alive — that’s how they are!

8. Coconut Plantation Business

With the discovery of coconut’s rich nutritional content on the skin, the demand for coconut is on the rise. Coconut is very rich and can serve numerous purposes; it could be used in preparing coconut rice, it’s nicely eaten with corn during the season and it’s also sweet when eaten alone.

Lots of persons are beginning to see the importance of this, and as such setting up coconut plantation and you should join the train too. You need vast land in order to start this agricultural business in Nigeria, and it’s capital intensive.

9. Cattle Rearing (Cows)

Another top agro business that is very lucrative in Nigeria is the rearing of cattle or sheep. The produce can be used for milk production, and also as meat.

This is a very capital intensive business as you’d need large land for grazing and lots of cattle to start up. It might be difficult in the beginning but as time goes on, you’d love the business.

You’ll see that northerners take this business with every passion in them and, if you ask or observe the butcher around you about cattle rearing, he will tell you it’s one of the most lucrative agricultural businesses in Nigeria to invest in.

10. Palm Oil Plantation Business

Palm oil as we all know can’t be eaten solely on its own, but it is used in preparing many dishes, from cooking to frying and for other purposes as well. It is used for other purposes in other industries in the manufacturing of several products.

You’d need a huge capital and vast land for starting up this business and mind you, it’s highly saturated.

There’s another way you can make money with palm oil and this really make it one of the most profitable agricultural businesses in Nigeria.

This other way is called ‘flipping business’

Prices of commodities varies in Nigeria (just as exchange rate isn’t constant), you need to observe the market thoroughly and know when the price of palm oil’s ‘keg’ increase or decreases.

Your aim is to buy as much as possible when it decreases. Let say a ‘keg’ of palm oil reduced from N8,000 to N6,500. You can buy 10 kegs and keep it inside a safe place by putting them on plank of woods (avoid the kegs of oil touching ground)

Study the market until the price of each keg increase more than the invested capital. For instance, the price might increase suddenly to N9,000 and if you sell all you palm oil at this rate, you’ll make N25,000 in profit.

Wrapping Off – Top Agricultural Businesses in Nigeria

There lots of things you can do to make good money in Nigeria, but investing in agriculture is one sure fire way to add to your earning potential as well.

There are lots of lucrative agricultural businesses in Nigeria and I’ve given you the top 10 of them.

Do let me know what you think about these businesses and you can share with your friends on social media if you love this article.

Top 12 Music Producers in Nigeria – (W/ Cost of Production & Contact Info)

Stephen Gbolagade
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Top 12 Music Producers in Nigeria – (W/ Cost of Production & Contact Info)

2023 Update: This list of top music producers in Nigeria and their contacts was written a few years ago I’d like to update you guys that a lot of things have happened which of course would have made the prices listed here change.

So expect to pay x5 of the money listed for each producer. Also, Twitter is now known as X

Aside from that, nothing has really changed as these guys are still the biggest music producers we have in Nigeria.

Working with any of these talented music producers in Nigeria can change your life. Every Nigeria’s upcoming artists know this, but the problem is how much these top producers charge to produce a song or video and finally, how to contact them.

Because I want to help you succeed in your music career, that’s why I went the extra mile in my research in other to bring you the list of these top music producers in Nigeria and a medium you can use to nail a deal with any of them.

I don’t need to tell you that: One of the most functional industries in Nigeria, is the music industry. And it has been soaring to greater heights since its inception. With many talented artists out there, the need for great producers to harness such talent is imminent.

Nigeria has a lot of amazing music producers scattered around the country, I’ll be bringing them all together in my list. Also featuring in this post will be their charges for music and videos, and their contact info.

Do sit tight as I unveil to you, the top twelve music producers in Nigeria.

Now let go!

Top 12 Music Producers in Nigeria

1.      Killertunes

A well-acclaimed top music producer in Nigeria who has crafted the beats of many hit songs hitting the airwaves. You’d have heard the phrase “Itz Killertunes!”, if you haven’t, when next you hear the line, that’s a song by Killertunes.

Some hits he’s crafted include; BOBO by Mayorkun, MOTIGBANA by Olamide, FAKE LOVE by Duncan Mighty ft. Wizkid, BABA by Kiss Daniel, and many more.

As for Killertunes’ charges for production, it’ll cost you around N1,000,000 for audio production and triple (N3m) for music videos.

Here is how you can contact Killertunes for your music production and any related deals:

  • Twitter : @Killertunes_Tii
  • Phone: +2347032597974

2.      Kel P

Some refer to him as Burna Boy’s official producer, they aren’t entirely wrong seeing that he’s produced many hit tracks for the artist. Aside from Burna Boy, he’s done other beats for top Nigerian music artists like Phyno, etc.

Some hit songs by him include; DANGOTE by Burna Boy, Killin ‘Dem by Burna Boy, On The Low by Burna Boy, and others.

For music production, Kel P charges around N1,000,000 for audio production and around N3m also for video production.

Contact Kel P using:

  • Instagram : @Kelp_amba
  • Twitter : @kelp_amba

3.      MasterKraft

Well, we all know this producer, even if you’re not much of a music person, the name is quite familiar – it’s a household name in the entertainment industry. Sunday Ginikachukwu Nweke, known popularly as MasterKraft is a true crafter of good hits, producing many hit tracks for top artists, the likes of Flavour, Banky W, Timaya, CDQ etcetera.

His reputation speaks volumes, garnering the most followership on social media and among the few producers to be verified as one of the top music producers in Nigeria.

For Masterkraft rates of music production; audio tracks would cost you above a million naira and thrice that value for music videos.

Contact MasterKraft: @masterkraft_ on Twitter

4.      Young John (The Wicked Producer)

The phrase ‘Eez Young John D Wicked Producer’ is associated with the popular hit maker – Udomboso John Saviours. Young Jonn is a multi-award winning and among the top producers in Nigeria, he has worked with the best in the music industry, and he’s known for his spectacular jobs for Olamide and YBNL artists.

With more years ahead of him, we expect more superb hits from his table.

Young John’s charges are quite okay, a million upward for audio and videos goes for above 2.5 million.

Contact Young John for music production using:

  • Twitter: @YoungJonn
  • Phone: +2348168922387

5.      Fresh VDM

Known for fresh beats for many top artists in the country, with his tracks making the rounds around the internet. The guy has produced most of Davido‘s hit tracks including FIA, MIND, ADA, and many others from other top artists.

His beautifully crafted tracks have earned him cool rewards but locally and regionally.

Getting a music track with Fresh VDM will cost you around N1,100,000 while videos go around N3,500,000. With such an amount, you’re assured of quality tracks.

Contact Fresh VDM using:

  • Twitter: fresh_vdm

6.      Spellz

Benjamin Obaze also known as Spellz by many is one of the top producers in Nigeria that you just can’t get enough of, his creativity makes him stand out amongst many top producers.

He has produced lots of hit tracks for top artists and the music scene just can’t get enough of his hits. The likes of Wizkid, M.I. Abaga, 2baba, and many more have used his service.

Although the market for producers is getting saturated, his quality has set him high above the park.

Spellz’s cost for music production cost around half a million for audio tracks and up to N2 million for music videos.

7.      SperoacHBeatz

The brains behind ‘Amaka’ 2baba’s hit track featuring Peruzzi, he has cemented his name as one of Nigeria’s top producers. Many upcoming producers look up to him in the ‘hit-making’ business. He has created many top tracks including ‘Amaka’ by 2face ft Peruzzi, ‘Majesty’ by Peruzzi, ‘Assurance’ and ‘Nwa Baby’ by Davido, and the list goes on and on.

Be on the lookout for more hits from this producer.

You can get a good song production from SperoacHBeats for around N1 million and triple the amount for music videos.

Contact SperoacHBeats using:

  • Twitter : @SperoacHBeatz
  • Email: speroachbeatz@gmail.com
  • Phone: +2348099338391

8.      Kiddominant

The multi-award-winning producer goes by the name Ayoola Oladapo Agboola but is popularly known as Kiddominant and is the maker of maker hits for top artists including Davido, Mayorkun, and others.

We’ve heard many hit songs from this wonderful producer, one being ‘Che Che’ by Mayorkun (my favorite song from the artist so far), and many other hit tracks have been released from his stable.

If you’d be making music audio from Kiddominant you’d be charged around a million naira and around N2.5 million per music video.

Contact Kiddominant using:

  • Twitter: @kiddominant
  • Instagram: @kiddominant
  • Email: pentlifeinc@gmail.com

9.      Sarz

Sarz is Not Your Mate! Yes, you heard right, he’s a top gun in the Nigerian entertainment scene, with many top stars using his service. Aside from production, he has featured in some songs with various artists and he is the most followed producer in Nigeria on social media, he has been verified by Twitter.

He has created many hit jams, like ‘Bana’ by Niniola, and done lots of jamz for Wizkid and other top artists in Nigeria.

His creative acuity is evident in his masterpieces, but it comes at a price.

Sarz charges a million upward for audio and thrice the amount for music videos.

Contact Sarz for music production using the following:

  • Twitter: @beatsbysarz
  • Email: booksarz@gmail.com
  • Instagram: @only1sarz

10.  Shizzy

You may have heard the phrase ‘shiizzzy’! Yeah, that’s the sound of the Shizzy song. Davido (like in “Skelewu”) and other top stars you know patronize his expertise in making great music and music videos.

Getting this guy for your music production would be a great choice as his rate is relatively inexpensive when placed side by side with other top music producers in Nigeria

To hire Shizzy, It’ll cost you around a million for songs and twice for videos.

Contact Shizzy using:

  • Twitter: @iamshizzy
  • Instagram: @iamshizzy

11.  Ozedikus

Representing Mavin Records, ‘Ozedikus Nwanne’! His handwork is seen by his works for the Mavin Crew with many hits from top artists including the hit track ‘Dumebi’, yeah that one of his works.

Is there a competition in-house with Don Jazzy? Maybe not, but his quality speaks volumes, and that has earned him the prestigious place in my top producers’ list.

For a producer of Ozedikus caliber, you could get cool hits for around N1,000,000 for songs and around N3,000,000 for videos.

Contact Ozedikus Nwanne using:

  • Twitter : Ozedikus
  • Instagram : Ozedikus
  • Email : bolaji@mavinrecords.com

12.  NorthBoi

Last but not the list of the top 12 music producers in Nigeria is NorthBoi. Crafting some of the best hits we all know and love. He had done many hit jams for artists like Wizkid, Mayorkun, Starboy, and others.

Although quite new in the industry, he has proven to be quite reliable in these past few years leading to massive interest from music stars around the country.

To hire NorthBoi for music production, his rate is a little inexpensive but produces quality – it will cost you just a half million to produce a song and around N2 million for music videos.

But to answer the question;

How much does it cost to produce a song in Nigeria?

For quality music production from top music producers in Nigeria and how much they charge, it will cost you roughly One Million Naira (N1,000,000) for audio and roughly Three Million Naira (N3,000,000) for video production.

Wrapping up – Top Music Producers in Nigeria

So these are the top 12 music producers in Nigeria, they’re the brains behind the cool hits we listen to and dance to. There are lots of good producers out there, but these are the best we’ve got.

In case you want a producer to have been listed here or you have any other related questions, kindly let me hear your opinion using the comments box below.

……. and don’t forget to share this blog post with your friends using the floating social media buttons – You don’t know who you will help by sharing.

How to Get UBA Africard in Nigeria, Activate and Load It

Stephen Gbolagade
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How to Get UBA Africard in Nigeria, Activate and Load It

Do you want to know how to get UBA Africard in Nigeria, activate and load it? If yes, I will provide you with the step-by-step guide on how you can get it and use if for online transaction.

PS: I’m writing this from my own personal experience. I mean, how I got my own UBA Africard in Nigeria within 3 hours! Few months ago, I was confused on how really to get the card because I have never heard about a special card apart from the famous “MasterCard”, “VISA card” and “Verve”. All these cards are limited to some function and can’t really be used broadly as the Prepaid VISA card issued by UBA.

Now, let go to the main topic:

What is UBA Prepaid Card or Africard in Nigeria

Africard is a prepaid card issued by the United Bank for Africa, UBA.

If you’re familiar with using the like of Mastercards for online transaction, then there’s no need to get long definition for the UBA Africard.

But I must tell you that it’s originally a “VISA card”.

The only difference between other VISA card and UBA Africard in Nigeria is that, it’s PREPAID!

Just like when you’re using a prepaid meter in your house. If you load the meter, you’ll have electricity power in your house. But if you refused to load it, there’s no way you can see the blink of electricity even if the whole town are enjoying it.

Same thing applied to the UBA Africard, It’s a prepaid card that is useful only when you load funds (money) on it.

UBA Group said:

The Prepaid Card (Africard) is not in any way linked to your regular bank account with any financial institution in Nigeria. That gives you the ability to do and undo with the card. Meaning, you spend what you load.

As simple like that but powerful….

Getting your UBA Africard in Nigeria is so easily but many entrepreneurs outside there don’t know what the card is used for, while some entrepreneurs know how to use it but don’t know how and where to get it.

I don’t know which category you fell into but this blog post will hold your hands from starting till using the card. But you may want to know:

The Benefits of UBA Africard (Prepaid Card) in Nigeria

I will mention few but most important benefits that may interest you. They are:

  • You can use buy anything from any online shopping sites in the world without any headache
  • You can have UBA Africard in Nigeria without having a bank account with UBA at all
  • The card is not linked to any of your accounts
  • You can use it to verify PayPal account in Nigeria and enable the most core feature of using PayPal
  • You can get it immediately or few minutes after you request for it
  • According to UBA, the Africard or UBA prepaid card can be used at over 30 million retail outlets across the globe
  • Can be used conveniently with the UBA mobile banking
  • UBA Africard or Prepaid card is secured
  • You can manage your card yourself
  • And so on…….

Interesting, right?

Now, you may asking what you needed to get the card. Here are they:

Requirement to Get UBA Africard in Nigeria

Just like I got my own, here are the prerequisites:

  • A passport photograph
  • A utility bill (e.g NEPA bill)
  • Means of Identification like National ID card, Driving licence and any government issued document
  • Your Bank Verification Number, BVN
  • Some funds to load (but not compulsory to load immediately)

Those are the few stuffs you need to get together and boldly apply for the UBA Africard or Prepaid Card in Nigeria.

Now let talk about how to put these into use:

How to Get UBA Africard or Prepaid Card in Nigeria

1.      Visit the Bank

Unfortunately, you can’t apply for this card online or any other bank than to visit the nearest UBA business office or branch in your area, with the aforementioned requirements to get your Africard or UBA prepaid card.

PSS: UBA branch office is so far to my place, I will have to spend some bucks for transportation. So, to safe the expense, I have to call the bank if the card is available and unfortunately, it wasn’t. They said it’s going to be available in 3 business days and I called again after the 3 business days to confirm and it was then available.

So, I will advise you to call the bank first before you visit them because, AFRICARD or the UBA prepaid card is not always used as other type of card, which the branch office may not have in store because of that.

2.      Ask the Customer Care that you need “AFRICARD” or “PREPAID CARD”

You need to be careful when you get to the bank in order to request for the UBA Africard because you might be misled.

When I got to the UBA business office in my area, the lady that attended to me was trying to get me “MasterCard” thinking that “CARD” is “Card”. But I told her I don’t need MasterCard or VISA card but I need “AFRICARD”. Then she directed me to meet an officer in care of Cards collection in the bank and immediately, the man grabbed what I was asking for.

Tell and remind the bank staff that attend to you that you need ‘UBA Africard’.

PS: Note that there’s are 4 types of UBA Africard available and you should be careful enough before you choose. In fact, let me tell you about types:

Types of UBA Africard or Prepaid Card in Nigeria

There are four types of UBA Africard in Nigeria, they are:

  1. UBA Nigeria NGN Local High
  2. UBA Nigeria NGN Local Low
  3. UBA Nigeria NGN International High
  4. UBA Nigeria NGN International Low

Basically we have “Local” and “International” UBA Prepaid Card but each of them have their own limit as “High” or “Low”.

If you choose any of the first two listed above, please note that you can’t do any transaction outside Nigeria as the name implies “LOCAL” which is just like using the “Verve Card” and…..

If you choose any of the last two UBA Africard listed above, you can do international transaction but the “international High” is the best.

So, tell the staff attending to you the type of card you need.

If the card is available, you’ll be giving a form to fill.

3.      Fill the UBA Africard or Prepaid Card’s Application Form Correctly

The application form is now in your hand, fill legibly without making any mistake.

The form is not hard to fill at all. Write your BVN at the top of the application form but if you don’t know your BVN, on your registered phone number with your bank, dial x565x0# and your BVN will be shown to you.

I need to tell you this:

There’s a place in the form that asked if you’re either the “Owner” or “Tenant” of the house address you provided.

If you choose “OWNER”, you will to provide the said “Utility Bill or NEPA bill” I told you to prepare under the requirements. But if you choose “TENANT”, you don’t need the utility bill (…… as at the time I got my own UBA Africard in Nigeria).

After you have filled the form, give it back to the card collection officer that gave you.

4.      You Card will be Given to You

Finally, you card will be given to you and the next thing is to activate it!

I’m going to tell you how you can activate your UBA Prepaid card without visiting the branch office.

Here is how:

How to Activate UBA Africard in Nigeria using ATM & Online Portal

There are two ways you must activate your UBA Prepaid Card. The first one is activating at the ATM gallery and the second is using online portal…

Both ways will finally get your card in use. Here is how to do it:

  1. Activating UBA Africard with ATM

This is just as simple as when you changed your previous (mastercard) password after collecting.

Changing of password is the means to activate your account, and this require previous password. So, how can you get your UBA Africard previous or default passcode?

There is a sheet of paper with information about your prepaid card, on the sheet of paper is your hidden passcode which you will use for both ATM and online activating.

At the front of the sheet (where UBA logo is at the top right-hand corner), you will see something like scratch card but not actually meant to be scratched. You only need to peel the orange light nylon used to cover the blank area.

Note that the two passcode are written on the nylon.

The ATM PIN is at the top while the WEB PIN is below it. Note that each are 4-digits.

Now go to the nearest UBA ATM gallery and slot in your new AFRICARD or UBA prepaid card, change the PIN by first entering your default PIN, then NEW PIN…

If you’ve successfully did that, congrats.

The next thing is to activate on your PC or Smartphone.

  1. Activating UBA Africard with Web service (smartphone or PC)

Follow these steps to activate your UBA Africard in Nigeria using your smartphone:

This may confuse you, I mean the Client ID and you may be asking…

What is UBA Africard’s Client ID and Where to Find It?

The UBA Prepaid Card’s client ID is 10-digits numbers which is special and different for every prepaid card.

Note that the UBA Prepaid Card’s Client ID is not your account number, it can be found on the card.

To find your client ID, turn you card to the back where there’s black stripe.

You will see a number written at the right hand side at the back of the card, very close to the bar code.

So after finding your UBA Africard’s Client ID, check your “WEB” passcode just below the PIN you used to activate your card at the ATM gallery.

  • After you’ve successfully login with your Client ID and WEB PIN, follow the rest information and answer accordingly.

You will be asked to choose and set up 3 security questions, change your username and PIN and finally confirm everything by entering the code sent to your phone number.

That’s all about activating your UBA Africard in Nigeria and any other African countries using UBA prepaid card.

Remember I said the card is not linked to any regular bank account. Meaning that you will need to load it each and everytime you want to use the Africard for online transaction…

But how can you do this?

How to Load or Fund Your UBA Africard in Nigeria

There are two sure ways to do this, if this is your first time.

  • One of the ways is to simply walk into nearest UBA business office or agent around with the amount you want to load in, and they will do it for you.

Note that, if you don’t have bank account UBA, you will have to go to UBA branch offices before you can be able to load money on the card.

  • The second way is so easy and it’s for those who have UBA bank account. You can load money into your Africard by simply using the UBA Mobile App or Internet Banking or Magic Banking.

I used the Mobile Banking App to load funds into my UBA prepaid card and was so easy.

  1. All you have to do is download the UBA official app, sign in by using your Client ID and PIN.
  2. After that, click on the “+” symbol you see at the top right corner of the screen and add your regular UBA account.
  3. Now to load funds, click on “Send Money” while you’re on the regular bank account screen. Then transfer more than N1,050 to the prepaid card

That’s all about loading funds into your UBA Africard in Nigeria and I hope you get it.

You can now use your UBA Prepaid Card to do any online transaction after loading it…

But here are few questions you may want to find answers to:

How much is UBA Africard Issuance Fee in Nigeria?

To get the said UBA prepaid card or Africard in Nigeria at the UBA banking hall is free but immediately you load funds into the card, the amount of N1,050 will be deducted immediately (for the card) just like when you just request for regular ATM card

What is the withdrawal fees and other Fees of UBA Africard in Nigeria?

You can see the UBA Africard fees and charges in the leaflet that accompanied your prepaid card.

But in case you misplaced it, here are the fees:

  1. Monthly maintenance cost N50 + VAT which may totally result to N52.50 but not up to N60/mo
  2. Every SMS you received just because of the card cost N4. if you received 10 SMS, that’s N40
  3. Withdrawing money with UBA Africard from UBA ATM gallery is FREE
  4. Withdrawing money with UBA Africard from any other bank’s ATM cost N65

That’s all about getting UBA Africard in Nigeria plus how you can activate and load funds to it.

If you have any question. Please use the comment box below and I will answer you promptly.

DISCLAIMER: I’m not a Staff at UBA, partner or an affiliate of UBA. I’m a blogger and internet marketer who likes to share most of his experiences and researches with great visitors like you.

If you have any issue, you can contact UBA customer care with this email: cfc@ubagroup.com

Please don’t forget to share this tips on how to get UBA Africard or Prepaid Card with your friends on social media or copy the link to recommend this post anywhere.

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