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Top Twenty Richest Man In Nigeria, Name, Net Worth and Industry. Count Down)

Here is the count down of top twenty richest man in Nigeria.

20. Hakeem Belo-Osagie
Net Worth: $600 Million
Industry: Oil and Gas/Telecoms.

19. Tunde Folawiyo
Net Worth: $650 Million
Industry: Oil & Gas, Telecom.

18. Mohammed Indimi
Net Worth: $670 Million
Industry: Oil & Gas, Self-made.

17. Emmanuel Ojei
Net Worth: $1.2 Billion
Industry: Diversified.

16. Bode Akindele
Net Worth: $1.2 Billion
Industry: Diversified.

15. Dr. ABC Orjiakor
Net Worth: $1.2 Billion
Industry: Oil & Gas.

14. Igho Sanomi
Net Worth: $1.3 Billion
Industry: Oil & Gas.

13. Benedict Peters
Net Worth: $2.7 Billion
Industry: Oil & Gas.

12. Cletus M. Ibeto
Net Worth: $3.7 Billion
Industry: Diversified.

11. Prince Arthur Eze
Net Worth: $5.7 Billion (Ventures
Industry: Oil & Gas.

10. Oba Oteduko
Net Worth: $650 Million
Industry: Diversified.

9. Jim Ovia
Net Worth: $850 Million (Forbes), $1
Billion (Ventures Africa)
Industry: Banking, Telecoms.

8. Orji Uzor Kalu
Net Worth: $1.1 Billion
Industry: Oil & Gas.

7. Tony Elumelu
Net Worth: $1.4 Billion (Forbes), $1.6
Billion (Ventures Africa)
Industry: Investments.

6. Abdulsalam Rabiu
Net Worth: $1.5 Billion
Industry: Consumer Goods.

5. Theophilus Danjuma
Net Worth: $1.7 Billion (Forbes), $1.8
Billion (Ventures Africa)
Industry: Oil & Gas.

4. Folorunsho Alakija
Net Worth: $2.1 billion
Industry: Fashion, Oil, and Printing.

3. Femi Otedola
Net Worth: $2.3 Billion
Industry: Oil & Gas.

2. Mike Adenuga
Net Worth: $10.5 Billion (Forbes), $8
Billion (Ventures Africa)
Industry: Telecoms, Oil, and Gas.

1. Aliko Dangote
Net Worth: $12.5 Billion (Forbes),
$25.7 Billion (Ventures Africa)
Industry: Cement, Sugar, Flour.

Alhaji Aliko Dangote is worth an estimated $21.6
billion. He is the richest man in Nigeria.
Aliko Dangote
is by far the richest man in Nigeria.

These are the list of richest man in Nigeria.

How To Make Money On Facebook In Nigeria with Your Smartphone ( Step By Step Guide )

Did you know that many people make money on Facebook doing exactly what you always do for free or of fun. Now I will explain what you need to do so that you can make money on Facebook.

1. Create a Facebook Page

2. Create attention by posting catchy content

You will post a lot of good, helpful, and quality content on your Facebook Page or Group with good images, invite your friends to join your Group or like your Page, also share your post so that your follower will grow faster, because the more followers you have the more making consistent money from it, so it is important to have many followers.

3. Affiliate Program

Affiliate Program is a marketing program where you receive commission for helping a company or website such as Clickbank,Jumia,Amazon, Konga and so on to generate sales. It is feee to register as affiliate marketer with these companies or websites.

4. Start Sales

So after you have sign up with the above websites as an affiliate marketer all you need is to start selling their product to your followers on your Facebook group or your Facebook page, so after your followers have bought these products you will get your commission on each product.

5. Select Well Known Product or Brand

When you are selecting the product that you want to promote or advertise on your Facebook group or your Facebook page, make sure you choose known and popular products, sell the product that people usually buy, so after you gain the trust of you customers then you can start selling other product that is not popular.

6. Advertise your Page

After you have post your product on your Facebook page, then it is important to run Facebook Ads so that your product will get to thousands of people in short period, make your Facebook page as your landing page and get commission for the sales made. This is one many people make huge money on Facebook.

7. Sell Your Own Product

So after you have gain the trust of your customers it is advisable to sell your own product because you will make more profit on your product than other product from any website.

If you follow this article as I present it you will make huge money on Facebook.

Top 10 Richest Musicians In Nigeria 2019 & Net Worth (Count Down)

In this article I will tell you the top ten musicians in Nigeria and their net worth, starting from number 10th to number one on the list.

10. Flavour

Flavour N’ abanla is one of the most richest musicians in Nigeria with the net worth of N3 billion. His real name is Chinedu Okoli, he start music from his local Church in Enugu, he became popular when he realised his hit sing Nwa Baby (Ashawo Remix) in 2005, He is the brand ambassador of many companies like MTN, Bullet energy drink, and so on.
Currently, Flavour charges up to N3 million per show or higher at times.

9. Olamide

Olamide is also know as Baddo, he real name is Adedeji Olamide, he also make my list of richest musicians in Nigeria. The rapper current net worth is N3 billion, and he charge between N5 – N10 million per each performance in Nigeria and also runs a yearly tours in UK,America, and Europe. He became popular in 2013 when he sign an endorsement deal with Ciroc.
He is the brand ambassador of Glo, booster energy drink, and Hennessey.

8. Banky W

Banky W his real name is Olubankole Wellington is one of the successful and richest musicians in Nigeria. he also an actor, music producer, public speaker, and a politician. He is brand ambassador of Samsung mobile, and Uber. Banky W made his debut as an actor when he featured bin the movie, The Wedding Party and The Wedding Party 2 in year 2016 and 2017 respectively.
He is currently married to Adesua Etomi, his current new worth is N3.5 billion.

7. Timaya

real name is Enitimi Alfred Odom, he also make the list of the most richest musicians in Nigeria, he became popular in the year 2005 when he released a song title “Dem Mama”.
Timaya charge up to N8 million per show. He has endorsement with companies like Hennessey and Glo.
His net worth is N4 billion and he also have multi million naira home Lekki.

6. Paul and Peter Okoye formerly (P Square)

Paul and Peter Okoye were twin brother, they work together for like 20 years, they start music from their secondary school times St Murumba secondary school in jos Plateau State Nigeria where the two young brother join their school music and drama club and began singing, mimicking and dancing to songs of Bobby Brown, Michael Jackson, and MC Hammer. but currently have their individual brands
Currently, Paul Okoye goes by the stage name Rude Boy, while Peter new stage name is Mr P. but I decide to marge them together because their net worth is basically the same.
Paul and Peter Okoye worth over the estimate of N5.6 billion each and when they are together they charge up to N20 million per show.

5. 2Baba

2Baba his real name is Innocent Idibia, he is a legend in Nigerian music industry, he win many awards like MTV Europe Music Award, five Headies Awards (Hip pop award), four channel O Music Video Award and others numerous awards, he is one of the richest musicians in Nigeria. He start music at his time at Institute of Management and Technology, Enugu (IMT), where he did his preliminary National Diploma course in Business Administration and Management. During his time at school he performed at numerous school parties, Innocent did not complete his education in IMT, he dropped out to pursue his music career.
His net worth is N5.9 billion. He has endorsement like Campari, Glo and other companies.

4. D’ banj

D’banj also one of the most richest musicians in Nigeria.
He start music when he start playing the harmonica, at that time, he was on his way of remember his late older brother who died in a plane crash at the age of 17.
He used to play the harmonica as a student of Mechanical Engineering at the Lagos state university, but he had to withdraw from school due to incessant strikes, he then move to the United Kingdom with the intention to complete his education, but he began to hang out with Don Jazzy who trying to make it as a songwriter and a producer. D’banj and Don Jazzy work together and they came back to Lagos in the year 2004 D’banj release a single title Tongolo.

He is currently the brand ambassador of top brands, he charge up to N5 to N7 million per each show and he his net worth is N6 billion.

3. Don Jazzy

Don Jazzy real name is Michael Ajereh Collins, make the list of the top three richest musicians in Nigeria. He is a songwriter and a producer and the CEO of Mavin Record Label, where he sign singers like Tiwa Savage, Korede Bello, Dija, and others. He began playing the bass guitar, In the year 2000 Don Jazzy visited London when his uncle had invited him to play drums for a local Church. He then work with JJC, Kas, Solek, The 419 Squad and D’Banj.
Don Jazzy net worth is N7.5 billon.

2. Wizkid

His real name is Ayodeji Ibrahim Balogun, he make my number two on the list of the most richest musicians in Nigeria, he is one of the biggest musician in Africa. He have won many award in Nigeria and also in abroad, he have work with many musicians in Nigeria like Olamide, Kcee, Iyanya, Lynxxx, and also work with international artists like Future, Drake and others.
In 2013 he was ranked 5th on Forbes and channel O’s list of the Top ten Richest and Bankable African Artists.
In 2015 he ditch MTN and sign a N128 million deal with Glo.
He charge about 12 million or higher per show in Nigeria and out Nigeria. Wizkid net worth is N8 billion.

1. Davido

David Adeleke also known as Davido is the richest musicians in Nigeria, based on his assets and his net worth is N9 billion.
He have work with Olamide, Ice Prince, Kizz Daniel, Falz, and others.
In 2012 he sign endorsement with MTN, this deal said to worth N30 million, in the year 2013, Davido partner with the Guinness Nigeria for the “Guinness World of More” concert, he performed at the concert alongside D’Banj, P Square, Olamide, Phyno, Tiwa Savage, Waje, Burna Boy,Chidinma and others
He has won numerous awards
In 2016 he sign a record deal with Sony Music, he also own his record label named Davido Music Worldwide (DMW) which he sign Maryorkun, Dremo, yonda and others.

These are list of richest musician 8n Nigeria.

How To Start Soap Production In Nigeria (Step By Step Guide)

If you are thinking of starting a profitable and creative business In Nigeria, soap production is a business you need to consider because everybody use soap everyday, both the rich and the poor uses soap for washing plates, clothes, cars, bathing, and also for other purposes. You can make any kind of soap such as bar soap, and liquid soap etc.
So you want to starting soap production business in Nigeria, there are some knowledge you need to acquire such as proper training on how to set the business up, good location, equipment need in the production, ingredients needed for production and so, when know these very well then you the key of success in your hand.

Here are the best ways establishing a Successful Soap Production business in Nigeria.

1. Capital

Capital is the first thing to consider in every business, list out your budget and cost for your soap production business, make plans for what you will need to set up your business like the materials need for production, equipment needed for production, and also hiring workers. You can don’t need to be a millionaire or billionaires before you start soap production business in Nigeria, if you to start small, you can start your business, but the minimum capital should be N100,000 .

2. Government Approval

If you wish to start soap production business in large scale in Nigeria then you need to register your company with the government get the necessary documents that is used to operate a company in Nigeria, but if you want to start your own soap production business in small scale then you don’t need government approval because you are not setting up a company.

3. Good Location

Good location is very important in business, make sure you establish your business in human traffic area so that people will see and know what you are selling, good location is equals to good and successful business.

4. Equipment

Since you have a good location what next is to start purchasing the right and necessary equipment needed for your soap production, get the tools like stainless steel, mould, trimming machine, cutting machine, measuring cup, stick blender, and many other materials, if you wise to start your own soap production business in large scale you will need to buy big machines that is used in big companies.

5. Types of Soap

There are many types of soap that your know in different form and also from different company, so make decision on the type of soap you want to start producing, there are many types of soap like detergent or household soaps, organic soaps, bathing soap, solid soaps and liquid soaps,

6. Ingredients

After you have choose the type soap you want to produce then then next thing is to purchase the ingredients needed for the producing and packaging, the is very important make sure you buy quality ingredients because it will affect your product, if you buy good and best ingredients your product will be good and also be the best, but if you fail to buy the good and accurate ingredients or materials then your product will not be in good form, so be careful when buying the materials or ingredients use for production.

7. Employees

If you wish to start your own soap production business in large scale then you need to employ workers that will help you with the job to ensure Smith running of your business, when hiring make sure you hire those who have good experience about soaps production.

8. Pricing

Your product price give definition to your product, your product must be affordable for everybody because Nigerian love thing in low price even those who are rich want low price product make sure you sell your product in lower price even lower than your competitors this will make many people to buy from you.

9. Packaging

Packaging is very important in soap production business, packaging your product very well, package tell more about your product, package is the first view of your product, so when it comes to packaging be careful and do it well.

10. Marketing

Now that you set up and establish your soap production business what next you need is to go to market and sell your product, but if your start your own soap production business in large quantity you need to those that will sell your product in your behalf, you will need distribution van to move your product from one place to another.

11. Advertising

Advertising is very important in every business, through advertising you will get many customer in a short time and also you will be successful more that your counterpart in the soap production industry because your product will be popular, so you run advert on local media outlets like radio, television, and newspapers also on social media like Facebook, Twitter and others.

Follow these and be successful in soap production business.

How To start Bleaching Cream Business In Nigeria (Step By Step Guide)

How to Start Bleaching Cream Business in Nigeria

You can also Read How To Get Job In Duabai From Nigeria 2019

At least 70% of Nigerians want to have flawless skin so this make them to spend thousands of naira to achieve their aim. So this also lead bleaching cream industry to grow buy where because the demand on bleaching cream keep going higher everyday.

Many investors have take the advantages of this to establish their businesses by setting up a bleaching cream company in Nigeria and they are make huge profit in the business everyday because the bleaching cream is on high demand currently in Nigeria.
You can also do what these investors are doing by setting up your own company too, Here are the tip on how to start your own bleaching cream company in Nigeria.


You need a good knowledge about the business you are about to start or invest your money in very well, this is very important aspect in any business, have knowledge and idea about bleaching cream business if you don’t have you can learn from those who has it.

Registration of your company

You need to register your company name with the government and have the necessary documents that you need to run a company in Nigeria, this is very important and it carry a lot of advantages on your product because people want the product that have government approval.

Start up capital

You can start from any where you don’t need to be a millionaire or billionaires before you can start bleaching cream business, you can start small, or big depend on your capital. To start this bleaching cream business in Nigeria you must have N200,000 – N500,000 .

Choose a Brand Name

Your brand name is also important, when choosing your brand name make sure your choose the name that is related to your product, you can choose name like snow white, flawless, shinning, brighten, whiten and so on, this name will attract many people to buy your product.

Company location

This also important, your company must be located in a human traffic area where everybody can know what your are selling.

Machines and materials

You will purchase the machine need and also the materials you need in producing your bleaching cream.

Worker and Expert

You need to hire people that will work for you especially if you did not have knowledge about the business, you will hire those who are specialist on bleaching cream to work for you.


You product must be in good quality and in good look because quality is what most people look in to when they see a new product, so your product must be in good quality so that you will sell it faster and grow quickly.


Packaging is very important in bleaching cream business because your cream container tell more about your product, so make you design a beautiful container so that it will attract many people to buy.


When you just start a business, you are not popular people did not know you or your product, so by reducing your product price to the lowest in market will make it affordable for many people to buy, both the rich and the poor.


Advertising is very important in any business, because it will make your business popular in few months and you will also have many customer quickly, likewise advertising will make you sell more that your competitor. Advertise your business on local media outlets like radio television and newspaper.

In conclusion

Setting up a business in a lot of sacrifices because you can’t start a business today and also grow today you a lot of time and be patient.
Also make sure your company is located in human traffic area so that people will know what you are selling. When hiring workers make sure you employ those that have many years experience in your business and also those that have the ability to sell your product and also make profit. Advertising is the key of success to every business by advertising you will record success in your business.

Follow theses and be successful in bleaching cream business.

How To Start Recharge Card Printing Business In Nigeria ( Step By Step Guide )

Recharge card business is very profitable and and also on high demand because everybody need recharge card for their phone. So you need to take advantages of these to enrich yourself by starting the business,
Now how to start recharge card business, to start the business is so easy and also simple you don’t need to be a university graduate before you started make cool money from recharge card business, all you need to start is

Things Needed

1 Personal Computer: laptop computer or desktop computer, but laptop computer is recommended.
2 A4 papers
3 spins of any network you want to print, it can be MTN, Glo, or Airtel.
4 Printer: LaserJet printer is recommended.
5 Recharge card printing software like ePin Manager or NetDivo.

After you having these materials you also need need a recharge card dealer that will supply you the ePin. You also need an internet connection to download the ePin that your recharge card dealer sent to you through email.
So after you have get your personal computer ready and the printing paper recommended, printer, and recharge card printing software, then download and install the software on your computer, there are different types of recharge card printing software and every software has different method of using it. Make sure you learn how to use these software every well.
Some software require money like NetDivo, you can download NetDivo and install it for free but to activate it cost money.
So once your software are ready and your materials like printer and paper pay for ePin from your dealer after he or she have send the ePin to you print your recharge card and sell to the retailer or final consumer.

In conclusion

To start recharge card business in Nigeria is very simple and also profitable, you can choose it as your send business because recharge card business did not require too much of time.
Also in recharge card business you must not use cyber cafe computer because if you fail to log out your email another person can access it and print the card then this will lead to business down fall. In every business especially in recharge card business you must be smart and hardworking as well, also advertise your recharge card to people around you also advert you product on social media likeFacebook, Twitter, give discount on your product, this will encourage people to buy from you.

The True Life Story of Samuel Maduka Onyishi (MON)

The story of Samuel Maduka Onyishi. MON is the story of an African Child who did not allow his background to determine his destiny. It is the story of the dogged spirit of the African Child.
It is a story that proves and again that with determination, integrity and hard work, one can rise from the smallest of beginnings to the highest aspirations.
It is a story that illustrates that success is within the grasp of each and every one of us, and that no external condition has the power to stop us from achieving our dreams if we are determined to do so.
Take a deep breath as I take you on a dive into the untold story of Chief Samuel Maduka Onyishi. MON: The Founder of Peace Group of companies, who started his transportation business with just 2 buses in 1994, which has now grown to over 4,000 fleet of vehicles.
Samuel Maduka Onyishi was born in Nsukka, Enugu State, Nigeria in November 1963. He is the first son in a family of nine. Samuel’s father was a Bricklayer at the University of Nigeria, Nsukka.
His father slumped and died on Monday, February 28, 1977. Sam as he is fondly called, had his primary school education at the Enugu Road Primary School, Nsukka, Enugu State from 1971 -1976.
He was then admitted into Bubendorf Grammar School, Adazi, in Awka, Anambra State, but the death of the father left the mother with no option than to withdraw him from the school for financial reasons and bring him closer home.
He then continued his studies at Community Secondary School, Mbu in Isi-Uzo Local Government Area, Enugu State, barely managing to survive in school because of poverty.
Sam had only one pair of white khaki shorts and a white shirt as his school uniform as against the two recommended by the school.” At that time, he washes his school uniform on Saturdays, wear it clean to school on Monday to Wednesday and avoided morning assembly on Thursdays and Fridays because his uniform was too dirty. He used to report to school early those two days, but he would hide somewhere until the assembly was over.
He was always punished for coming late. Narrating his childhood experience, he said, “I climbed all the mango and cashew trees around our school to pluck their fruits for food and for sale, to supplement what my mother was giving me as pocket and feeding money. I climbed these trees so often that I know those trees knew me by my name.”
At the end of his Class III at Community Secondary School, Mbu, he could no longer cope with the financial demands and subsequently, had to be transferred to St. Theresa’s College, Nsukka where he felt a lot more relieved as it his home town. However as a senior student as he was in Class IV, he was expected to wear trousers to school, but he had no money to buy trousers, and so he continued wearing shorts until the second term of his final year. It was a public embarrassment!
While in secondary school, Sam had dreamt of being a Lawyer, but his poor financial background made sure that dream was never achieved as he could not continue after the secondary school. “At the time he passed out of secondary school, government was recruiting auxiliary teachers in his state. The minimum qualification was five credits in one sitting, so, he applied because he had that. Unfortunately, he didn’t get the job because he didn’t have Two Naira to bribe the messenger to allow him enter the Zonal Commissioner’s Office to collect his Appointment Letter. What pained him more was that some applicants, who did not have up to five credits at one sitting, got the job. He couldn’t explain what could have happened. That was his first encounter with what they call the ‘Nigerian Factor’. He was so fed up with education that he contemplated tearing his school certificate to pieces so as to forget all about academics. On a second thought however, he remembered the sufferings and the sacrifices his mother went through for him to go to school. He decided to handover the certificate to his mother and leave to search for what to do with his life.
His mother gave him Two Hundred Naira which was the Bride Price of one of his sisters to enable him go to Enugu and fix himself somewhere, but this failed. Back in Nsukka, he tried his hands on many things and at a time, he was a wheelbarrow-pusher and a bus conductor. Later, he went into learning a trade after which he could not still go into his business of choice because there was no money. He then went into music as a song writer and singer. His producer went into political detention before his record was released, and out of frustration, he left them. He then travelled to Kaduna State, Northern Nigeria to serve as labourer at a place called Ikara. He left his employers in 1984 because his salary wasn’t paid in full. He then returned to Nsukka, fortunately for him that was when University of Nigeria, Nsukka was paying his family the compensation for acquisition of their land.
His mother received One Thousand Two Hundred Naira as her own share and she handed over the whole money to Sam because she trusted him. With that money, he returned to Ikara and went into second hand clothe business, popularly known as Okrika Wake Up in Nigeria, from where he later moved to Kano in 1987. By 1989 he went to learn Motor Spare Parts Business for 24 days and then, set up my own, by then he had saved up to Two Hundred and Sixty Thousand Naira in my Bank Account.”
Sam was challenged to pursue university education by one of his village men who ordered him to keep quiet because, as an “ordinary West African School Certificate” holder, he wasn’t supposed to talk where graduates like him were talking.
Recounting the experience, Sam said, “This guy was my junior in Primary School, in fact, he was two years behind me; even though he was older than me, but he had become a graduate.”
“He told me in public that I should not argue with him because I was only a WAEC holder.
Can you imagine that?
That was when I told myself that I must go back to school, to acquire that University education for which I was insulted. I personally like challenges and this was just enough challenge to make me abandon my business in the North to return to Nsukka. Like I said, I like challenges because when a person delivers a punch on you, the person’s armpit is open and you can always land a shock on the person’s open armpit, although, it depends on how you position yourself to be able to land a cut on the person’s open armpit. I was a boxer in my secondary school days and I know how to give a good punch. I am always guided by this belief in confronting challenges on my way,” he said.
He got admission to do a Diploma Program at University of Nigeria, Nsukka, between 1993 – 1996 and later, a degree program from 1996 – 1999. He graduated with a Second Class Upper in Social works and Community development”
When he started his lectures as a student, he discovered that he had plenty of idle time. To fill that space, he went back to Kano and withdrew his savings of Two Hundred and Sixty Thousand Naira and used it to purchase two buses. He gave one out to another driver and managed one himself. He used the bus to convey passengers after lectures on weekdays and full time on Saturdays
His venturing into the transport business was like a movie. At the time, he was only doing it to support himself in school, but before he knew it, he had grown from the initial 2 buses to 8.
He then went into a contract with Nsukka Local Government Area to use their name. His company then was called Nsukka Mass Transit. His number of buses grew to the point that, as at the time he was graduating in 1999, he already had up to 45 buses.
He later fell out with the Local Government Authority because they violated their agreement by allowing another operator to use a similar name as his. The other Transport Line was called Nsukka Urban Mass Transit. Sam then changed the name of his Transport Line from Nsukka Mass Transit to Peace Mass Transit.
He then applied for a Private Motor Park and it was granted. That was how he owned and the first Private Mini-Bus Private Park in Nsukka, Enugu, Onitsha, Aba, Abakaliki, Owerri, Njuba, Abuja. The first entrepreneur to achieve such a feat. “Then, it was almost impossible, but God was with me.” He said.
Peace Mass Transit from that humble beginning has today, blossomed into not only the foremost Road Transport Business in Nigeria with over 4,000 buses, but also the fastest growing Mass Transit Business in West Africa.
It has grown into what is known as the Peace Group of Companies, comprising among others:
Peace Mass Transit Limited
Peace Quick Response Insurance Brokers
Peace Petroleum Limited
Peace Micro-Finance Bank
Peace Express Service Limited
Brand of vehicles
Peace Bureau de Change;
Peace Aviation Services,
PMT Beijing Trade Limited. China
Peace Ugama Printing Press
PMT Assembly Plant Limited
Peace Oil Lubricants Limited
Peace Capital Market Limited: Stock Brokers, Dealers and Investment Advisers
Maduka Commercial and Futon International Limited: Exclusive Importer of Peace Hiace
Some of the other positions Dr. Samuel Maduka Onyishi has held or is holding are:
Former Chairman Enugu State Football Association
Chairman of Rangers International Football Club.
At 54 years of age, Dr. Samuel Maduka Onyishi. MON is truly an accomplished Entrepreneur that have made his mark.
Today, the vast majority of our youths have a pessimistic outlook in life, we grow up believing our parents must provide for us, and soon we shift our focus to the government.


How To Start Phone Selling Business In Nigeria (Step By Step Guide)

Phone selling business has become very popular business because people demand for phone everyday, the demand for phone keep increasing, and this business also make quick turnover, if you know how to manage it well.
If you want to start phone selling business in Nigeria where you sell and make profit. Firstly you need to choose the area of specialization that you want to specialize in. You will choose either a;


Sub dealer or wholesaler.


Phone Selling Business in Nigeria


So after you have choose where to specialized, then you will now plan on the capital you need to start your phone selling business, but before you start investing your money in phone selling business, you need to acquire some knowledge from those who are already in the business, ask them all what you did not know about the business, ask the advantage and the disadvantage in the business, learn how to buy and sell and likewise keeping record, and also know the brand of phone you want to sell, these will help you in the business especially when it comes to marketing and others.

You also need to get necessary information like the cost price, selling price, and also profit margin, likewise the brand of phone you want to sell.


As a phone retailer you can start your business with a minimum of N200,000 this depend on the type or band of phone you want to sell.
Also as wholesaler you can start your business with the minimum of N500,000 this also depend on the type or band of phone you want to sell.

Shop or office

Shop or office is very important in this business, so when looking for shop or office make sure you get a shop in human traffic area, this will allow people to sell what you are selling.
To get get a shop or office will cost about N100,000-N200,000 or cheaper than that depending on location, but it is very important that the shop is located in human traffic area for better result on your business.

How to get product

This is one of the important aspect in phone selling business in Nigeria, how to buy the phone as a retailer, you should buy from wholesale, choose an approved dealer. You can also find cell phone companies that are ready to supply you as a wholesaler.
And likewise remember that phone business also means getting others relevant items like phone accessories cases, ear piece, memory card, self stick and charger.


Advertising is very important aspect in every business, make you run an advert about you business on local media like radio, television, newspaper likewise on social media like facebook Twitter and Instagram. Advertising will make your business popular now than your counterpart.


Management is very important in any form of business, so proper management of your phone business is very important if you really want to make profit in your business, you need to take the record of your business when buying and also when selling.

In conclusion

Starting phone selling business in Nigeria is on high demand, people keep going into the business everyday, so this make the business to be competitive, so when you start you own business try to think outside the box and do new thing that you counterpart are not doing, like giving discount on your products and also prize to win after your customers have buy your product, these attract many people to buy from you, also run advert on locals media outlets like radio, television, and also newspapers, even social media such as Facebook, Twitter and Instagram.

Follow these and be successful in phone business in Nigeria.

Who gives, Types, Repayment Of Student Loan In Nigeria

Student loan in Nigeria was established to help students pay off tertiary education and others fee like tuitions, books, and living expenses.
The students Loan board was established in the year 1972 and within 1972 to 1991 it provided loan totalling #46 million, to help Nigerian students finance postgraduate and undergraduate that study in Nigeria or oversea.
There are so many problems, the rate of recovery loan repayments has been very disappointing.
Also the funding of education in Nigeria has been riddle and also the number of lender of students loan in Nigeria has reduce.

Student Loan

Interest Rates

There are two ways of paying back student loan
1 variable rates start much lower than fixed rate interest rates, but also go higher. This is because variable interest rate is based on outside, market influenced rate. The interbank offered rate and is the interest rate that bank use to lend money to each other, so if the rate go higher your variable interest go higher, also if the rate go lower your interest will be low.

2 fixed rates remain the same throughout the life of the loan unless you consolidate your student loan, this is the lowest fixed interest rate is usually lower than lowest variable interest rate.

Paying back students loan

There are different way in which students loan are been pay off

1 this is very common way of paying back student loan, it been pay this way, the student will make full payments both the interest and the principal while he or she in school.
2 the student can choose this option, to defer payment until he or she is graduated, this means he or she will not pay anything on student loan until he or she is graduate. If you choose this option to pay back your student loan then your balance due will still accrue interest when you are in school but you don’t need to make any payment. In the long run, this is the most expensive way or method to pay back student loan because the interest has considerable time to build.
3 The last method of paying back student loan is the option of make interest payment when the student is in school. The payment is low as #10000 also cover the amount of interest that is accruing on the loan. When the student graduate and also pass six month grace then the student will pay back the principal.

I know you have know more about student loan in Nigeria.

How To Make #5M Per Deal In Real Estate Business In Nigeria

Real Estate is one of the most profitable business in Nigeria from the time past and still profitable till now. Most Nigerian top billionaires are real estate investors, the business of real estate is a money spinner to the highest level.
Real Estate has been booming in Nigeria from the time past and also currently booming. Now let take a look at real estate and see how you can invest in it..
There is something very interesting in real estate business in Nigeria is that the investment opportunity is for everyone who wish to invest in it, whether the person has hundred of thousand or million even billion you can invest any amount you have in the business and you will still make profit from the business.
Now let go deeper in the business and look at how it works..

How to be Successful in Real Estate Business in Nigeria

Profit potential

There is a lot of profit in real estate business in Nigeria, now if someone bought a plot of land in a particular area for like three hundred thousands (#300,000) after 5 years, I’d the person decide to sell it after 5 years the can be sold five million (#5,000,000 ), you will see that the profile is so much after some year, the person invest three hundred thousand and get five million in return on investment that is so huge.
Investment opportunity
Investment opportunities abounds in real estate, start real estate in Nigeria is not easy and also easy when you have the capital and the mentor you are good to go, but if you did not have the capital needed and a mentor then it will be more difficult for you, Now I will be showing you the right place to invest your money in real estate business in Nigeria with tears.

Open space leasing

This work very simple and easy way, all you have to do is to buy a land in a good and right location and lease it out for makeshift use, you can lease it to business or Church or mosque that want to develop a makeshift outlet like mechanic, car wash, so those business owner will pay your monthly or annually. From there you get your return on investment and at the same time your property (the land) will keep appreciates for future sell.

House and Office Rent

This is the act of building a house and office for rent and get paid annually, this is very common in real estate business in Nigeria. The advantage of this is that you get paid for life.

Property Development

This is the act of buying a old house but in a good location, so reconstruct it and develop it to luxury apartment or commercial structures and sell it at very high profit margin or rent it out for those who need it for special purposes.

Land Flipping

Land flipping is the act of buying a land and sell to another person for profit. This is the one of the simplest in real estate business in Nigeria and it did not require much effort, all you need is your money and honest seller, with this kind of investment you can buy a plot of land with two hundred thousand((#200,000) and sell it at five hundred thousand(#500,000) after few years.

Real Estate Agent

This is very common most people in real estate industry are into this because it is easy and also simple, you don’t need any capital or money for investment all you need is service rendering,
All you need to do go round and look for property that is let for sale or rent, then you will advertise your service and help the owner to secure a buyer that will buy the property or rent it, so after the the deal you will be paid percentage as commission base on the amount of the property that is sold out or rent out.
You can start this without any capital.


Advertising is very important is in real estate business, advert your business for people around you if possible advert your in local media outlets like radio, television, also on social media.

In conclusion

Real Estate business in Nigeria is very profitable and the business have turn ordinary person to millionaire and also billionaires, for you to be successful in real estate business in Nigeria you must do something new that your mate or business counterpart are not doing because there is a lot of competition in real estate business in Nigeria, Advertising is also important every business advertise your business on local media outlets like radio, television, also on social media such as Facebook, Instagram, Twitter.
The location of your office is very important your office should be located in good area for better connection.

Follow these and be successful in Real Estate Business in Nigeria.

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