As mobile phone usage continues to increase in Nigeria, there is a growing opportunity to sell airtime and data plans online. Airtime refers to the credit that mobile phone users purchase to make calls, send text messages, and connect to the internet. Data plans, on the other hand, provide users with a specific amount of …
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Nigeria’s expanding consumer lending industry offers various opportunities for businesses, including banks, microfinance institutions, fintechs, and peer-to-peer (P2P) lending platforms. The consumer lending market in Nigeria is projected to reach a volume of US$78.6m in 2023. Fintech companies and various financial institutions are involved in online lending businesses. Many lending platforms are taking over the …
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Welcome to “The Ultimate Guide To The Best Business Name Ideas”! Let’s walk you through developing a great business name, from brainstorming ideas to choosing the perfect one. Whether you’re just starting to think about starting a business or already in the process, read on for our ultimate guide to the best business name ideas. …
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New product development is the process of conceptualizing, creating and marketing new products that solve customer problems or meet market demand. With Nigeria’s large and youthful consumer market, there are major opportunities for companies to innovate and introduce new products tailored to local tastes and preferences. However, developing successful new products requires extensive research, planning …
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The secondhand clothing market, also known as thrifting, is a growing industry in Nigeria. With rising costs of living and consumerism, buying and selling gently used, affordable merchandise is gaining popularity across Africa’s largest economy. For entrepreneurs, reselling thrift items presents a promising business opportunity. However, establishing a profitable and sustainable thrift business in Nigeria …
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