The Real Pay

  Do you want to start an export business in Nigeria? If yes, then you are at the right place. In this article, I will discuss export and share some of the critical things you should consider before starting an export business in Nigeria. The Nigerian economy has grown steadily over the last decade, which has led to increased demand for imports from other countries. As a result, the country now exports more goods than it does food. Exporting is a great way to earn extra income; however, it is also risky because of the high cost of importing into Nigeria. Therefore, it is essential to research Nigeria's business opportunities before embarking on an export venture. What is Exporting? Exporting means selling your products or services outside the borders of your home country. You can do this through local agents or directly with international buyers. The main advantage of exporting is selling your product in foreign markets while earning profits. Another advantage is that you don't

  Oil production is a big deal in Nigeria and has increased rapidly over the last decade. This has led to a sharp increase in oil exploration and extraction equipment demand. Indeed, Nigeria is Africa's largest crude oil and natural gas producer. The country also holds the third-largest proven petroleum reserves after Saudi Arabia and Venezuela. In 2016 alone, Nigeria produced 2.2 million barrels per day of crude oil, accounting for nearly 20% of the global supply. While the impact of oil on the country's growth is massive and worth discussing, this article focuses on the oil companies in Nigeria. Shell The Shell Group is one of the world’s leading integrated energy businesses. Since its founding, Shell has operated in Nigeria and employs more than 100,000 people. Also, Shell sells its products in about 180 countries through several dealers. Its core business consists of upstream, midstream, and downstream. Upstream activities include oil and gas exploration; midstream includ

  Palm oil has become one of the essential commodities in the world today. The demand for palm oil is increasing because it is used in various food applications, from snacks to baked goods to cosmetics. So, it's an excellent business for Nigerians, and this blog post discusses everything there is to know about the palm oil business in Nigeria. Nigeria has emerged as the largest producer of palm oil in the world. In 2016, Nigeria produced over 4 million tons of palm oil, accounting for almost half of global production. Palm oil prices have increased significantly since 2014 due to rising demand and low supply. To boost its economy, Nigeria's government has introduced policies to promote local manufacturing. These include tax incentives, subsidies, and training programs. The Nigerian government hopes to increase domestic consumption and reduce reliance on imports by adopting these measures. Palm Oil Production in Nigeria Palm oil production has been one of the significant sourc

  Back in the day, when students graduated from the university, they only thought about getting a white-collar job. However, times have changed, as more people want to venture into businesses, whether graduate or not. People have seen the independence and authority of having your business and want to experience it. While the idea of having a business is great, not everyone has the capital needed to start a massive one, and that's where small-scale businesses come in. There are several small-scale businesses in Nigeria, and we'll discuss the top ones to try. Follow along! Poultry Farming Poultry farming is a small-scale business that is lucrative as well. You can start this business at home but need space for the birds. If you don't have enough space, you can rent some land. You will also need feed, water, and other supplies for the chickens. The profit margin on poultry farming is high because you get to sell the eggs directly to consumers. This means that you won't hav

  Several thoughts might cross your mind as a Nigerian willing to start a business . They could range from the lucrative businesses in Nigeria to venture into the best starting time or the capital needed. However, the most important puzzle to solve when choosing a business is knowing how lucrative it is. Asides for Nigerians, Nigeria has become a significant hub for foreign investors looking to expand their operations into Africa. The country offers a wide range of opportunities to those who want to invest or trade internationally. There are several ways to make money through entrepreneurship in Nigeria. From trading commodities to starting a franchise, there are various options. While there are several lucrative businesses in Nigeria to choose from, this blog post will guide you through the best ones we can't overlook. Read on! Poultry Farming Poultry farming is one of the most lucrative businesses in Nigeria and worldwide. The reason is that the demand for poultry products keep