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Showing posts from August, 2022

Distributorship Business in Nigeria

Distributorships are businesses selling goods or services directly from producers to consumers without going through intermediaries. In Nigeria, distributorships are common because they allow companies to bypass expensive import duties and other taxes. Here, we'll discuss everything there is to know about the distributorship business in Nigeria. Nigeria has a large manufacturing sector, accounting for over 50% of its GDP. The country also imports many raw materials, such as oil and steel, which makes it vulnerable to fluctuations in global prices. "A distributor is someone who buys products at wholesale prices and sells them at retail prices," says Olayinka Ogunseye, CEO of Eko Distribution. "It's a win-win situation for both parties." So, if you're interested in being a distributor in Nigeria, follow along! How to Become a Distributor in Nigeria Choose a Niche The first step in starting up your distributorship business in Nigeria is deciding on a nich

Most In-Demand Jobs in Nigeria

  Are you about to gain admission into the university and wondering what course to take to get a great job in Nigeria? The country has a high unemployment rate in Africa. So, it's essential to know the most in-demand jobs in Nigeria before acquiring a skill. According to the World Bank, Nigeria ranks sixth in total population. In addition, its economy grew 4 percent last year, compared to its 2.3 percent growth in sub-Saharan Africa. Nigeria has several industries that require skilled workers. For example, the oil and gas sector employs over 3 million Nigerians. Other sectors include banking, insurance, telecommunications, agriculture, manufacturing, construction, mining, and transportation. Most In-Demand Jobs in Nigeria Engineering Engineering is one of the most in-demand professions in Nigeria today. With the growing population, rapid urbanization, and increasing demand for basic amenities, there is no shortage of work opportunities. A wide range of engineering jobs is availab

Cosmetics Business in Nigeria

  How much does a cosmetics business in Nigeria cost? What should I consider before starting my own cosmetic business? These questions could run through the mind of anyone wishing to start a cosmetics business. Cosmetics is one of the fastest-growing industries worldwide. In 2017 alone, global sales reached $1.7 trillion. The beauty industry has also grown significantly over the last decade. According to research, the global cosmetics industry grew at a CAGR (compound annual growth rate) of 6% from 2010 to 2016. With the increasing demand for personal care products, the cosmetics industry in Nigeria is expected to keep expanding. This makes it one of the most significant sectors in the country's economy. If you want to start the cosmetics business, read our guide below. It contains everything that you need to know as an entrepreneur. What are Cosmetics? The word "cosmetic" comes from Greek and means "beautifying medicine." Cosmetics are products used to enhance

Cement Business in Nigeria

  Every building needs cement, making its market demand high. If you wish to start a cement business in Nigeria, you're on the right track. However, you can't suddenly start any business without proper knowledge and planning. This article discusses everything there is to know about the cement business in Nigeria, ranging from the cost and steps to take. Cement Demand in Nigeria The demand for cement in Nigeria has increased tremendously over the years, and the increase in population and industrialization have caused this demand. Many industries use cement, such as construction, manufacturing, and mining. So, the need for cement is high because it's used in almost every industry. Other factors affect the demand for cement. For example, the Nigerian government has been working hard to improve infrastructure by constructing roads, bridges, schools, hospitals, and other buildings. These projects need cement, which makes the demand for cement high. Another factor affecting the