25 Small Scale Online Businesses To Start As A Student.

25 Small Scale Businesses To Start As A Student.

Today i had come with 25 Small Scale Businesses To Start As A Student, i realized that most of our readers are students, i decided to make a research and come up with this topic, of which i know will be of help to most of our readers. please read keenly as i decipher them one after the other.

Money bag On this page you’ll find all the best ways to make money in your spare time whilst at university based on our own experience. We’ll keep adding new ways to this page so go ahead and bookmark it. And please do share your own ideas in the comments section, And don’t forget to share this with your friends on social media.

However there are so many ways to make money online as a student you are yet to know, this article seeks to inform you on the best legitimate, easy, fast and free ways to make money online, they are completely free. There are no surveys, no scams and no get rich quick schemes in the post.

25 Small Scale Businesses To Start As A Student.

1. Start your own website

Interested in generating passive income? You need a website. It’s THE way to make money while you sleep.

Starting a website with Bluehost takes less than 20 minutes, costs hardly anything and can be done by an 82 year-old. It only takes a bit of plugging on social media to get your first visitors, and there are plenty of ways to monetize your site.

9jaflaver is just one example of a successful website, started at university by Ejump in his university days, which has since grown into a full-time and sizable enterprise, i hope you have heard of 9jaflaver?

2. Review websites & apps for cash

Well it seems like you’re pretty nifty with a web browser, so perhaps it’s time to turn pro and browse websites as a paid and fun job!

Introducing UserTesting.com – a new platform that pays everyday people to review all kinds of websites. Each review takes around 20 minutes and earn you $10 via Paypal.

Simply sign up here, complete a test review and look forward to receiving websites in your inbox.

3. kindle Ebooks

The key to success with eBooks is to create value, and write non-fiction. Simply bundling information you have researched and compiled on a common problem (eg. ‘secrets’ to finding a job) and then presenting it in an easy to digest format (an eBook) justifies someone spending a few quid on it.

Another big tip is to have a great cover designed (browse these) so it stands out, and once your book is live on the Kindle store it’s really important to get some reviews so it shows up higher in results. Encourage readers to leave an honest review at the end of your book.

The best thing about this lucrative idea is that once you’ve invested the time (say 20 hours), you’ll earn a passive income for years to come, this stuff has really pay off many students across the world.

4. Affiliate marketing

a win affiliate If you’ve got a good presence on social media or perhaps you even have a blog or website, you can start bringing in money immediately by promoting all sorts of companies, products, services and offers online.

Sign up as a publisher on the Awin network, check their offers blog or browse the merchant listings to find something you think your friends would be interested in, grab your affiliate link and share it. If someone buys (can be within up to 90 days) using your link you’ll make a nice commission.

To take it a step further, set up a website (read their policies guide) or a topical Facebook page and invite all your friends to join it and post your affiliate offers on there.

5. Become a delivery rider or driver

Got a bicycle, motorbike or car? What about a Smartphone? That’s all you need to make some extra money by delivering food or people whenever you’ve got some spare time.

Sign up to delivery specialist companies like DHL who are always on the hunt for new riders. They allow you total flexibility to work when you want, delivering goods from their office to the customers’ door. You can make a pretty sum of money with this service.

6.Part-time job

A part-time job is the obvious first choice, opted for by most students looking to supplement their student loan. It provides a pretty steady flow of income and can enable you to gain valuable work experience.

But good jobs are not always easy to find! You can Start by searching for job within your school vicinity, or tell a friend to help you search for a job in nearby place.

7. Sell your notes

If you don’t mind sharing your notes with other students it’s a great way to generate a little extra cash. There are sites out there that you can upload your notes to, along with your price, and then when another student downloads them you get paid.

Most of these sites like Nexus Notes and Stuvia are free for you to list your notes but tend to take a cut of your profit in order to handle the marketing etc so that you don’t have to go out there and promote your notes yourself.

You will most likely have to upload PDFs but it’s worth it for the return and you can submit handwritten notes but you’re likely to make more money if they’re typed up.

8. Sell second-hand course books

One great way to make money is to buy other students’ textbooks at the end of the year, and then sell them just after freshers’ week – when the new intake of students know that they need them!

You can either advertise on campus or list them online very easily on Amazon Marketplace (just bear in mind they take a commission on books sold).

9. Buy and sell domain names

A domain name is just a website address (eg. ‘savethestudent.org’ or ‘mysite.co.uk’) and there are lots of extensions (.com, .net, .co.uk etc).

They cost as little as $0.99 to register with GoDaddy.com yet premium domain names can fetch $1,000s if not millions when sold on. In 2007 VacationRentals.com went for a cool $35m!

Now you’re probably not going to come across anything like that, but you can still turn a quick profit with a bit of searching. The trick is to find available domain names which have some commercial value, snap them up and then list them for sale on a site like Sedo.com.

10. Sell on your education

graduate_student Becoming a tutor to other students is easier than ever. Until recently your market was limited to local face-to-face sessions, but thanks to online tutoring sites you can go global!

in fact this s the commonest, easiest and most profitable way as a student to make cool money within your school environment, i guess you reading this most have attend a tutorial in your school before now, you can set up your tutorial home or you go for private tutoring, if you are capable of doing it perfectly.

11. Selling Audiobooks

Audiobooks are becoming hotter than ebooks daily because people now prefer listening to reading. The best way to sell an Audiobook is to first create an ebook and then convert it to an Audiobook. Popular resources used to convert ebooks to Audiobooks include Audible ACX, etc.

You can also convert to audio-books yourself or hire someone to do it for you. Popular Audio-book selling platforms are amazon, You-Tube and Facebook

12. Develop and Sell Mobile Apps

Creating and selling apps, especially mobile apps is a great way to make money legitimately online. The good part is that you don’t have to be a programmer to go into the apps business. If you are not an app developer, you can contract a good app developer to design and create your app.

It might be quite costly if you are not a programmer but it is a good investment if you plan well. Make sure you get a lawyer to draft all agreements and get your developer to sign before giving out your app idea to avoid theft of your idea you can make money with apps through in-app adverts, in-app purchases and by selling the app.

13. Work On Freelance websites

Freelance websites are one of the best free and easy legitimate ways to make money online, there are freelance jobs in many professions and some of the most popular are graphic design, search engine optimization (SEO) , social media marketing, web design and development, translation, etc.

Popular freelance websites include Fiverr where you can get gigs(jobs) which pay $5 or higher depending on your level and rating. Others include Freelancer, Upwork, Elance, Odesk, etc. Making it big on freelance platforms is not so easy but is basically free as you hardly need any investment to do jobs, all you need is your expertise.

14. Email Marketing

Email marketing works well when you have a blog or website with loyal readers. You stand to earn a lot by sending marketing emails to your subscribers, most of the time these emails convert to leads and then to sales of your product.

However you have to do it properly if you want positive results as wrong and spammy email marketing can backfire causing you to lose the trust and patronage of your clients.

15. Sell On Ebay

Ebay is one of the best online platforms to make money selling goods and is especially good because of its auction process which enables you get the best deal for your goods. Selling on Ebay is free but the platform has become saturated and so it takes extra effort to sell you items.

If you do your homework and are able to become an eBay Power seller, you can make thousands and even hundreds of thousands of dollars yearly. Just like all legit money making methods, it requires hardwork, patience and dedication.

16.Use AirBnB To Rent Out Your Rooms

If you have extra rooms in your house or you have extra space in your school environment which are unoccupied, why not make money with them? AirBB is the world’s leadg platform for renting out your house or just rooms in your house to travelers for a short period. You stand to earn thousands of dollars monthly if you live in a location with lots of tourists.

It is one of the best legitimate free, fast and easy ways to make money online but you need to get good reviews before you start making big bucks so be very hospitable to your tenants and watch your bank account fatten.

17. Sell Photos On The Internet

There are websites which are willing to pay you for nice photos shot by you, some popular photograph buying websites include Shutterstock and iStockPhoto. You don’t even need to be a professional photographer to take pictures which can attract good prices, all you need is creativity, research and persistence.

As with other popular easy, fast and free ways to make money online, there is very high completion in the photograph sales online industry but with patience, you can get to the very top.

18. Become an Uber Driver

Online taxi services have become so popular in Nigeria and hence the demand for drivers has increased. You can become a driver for online taxi platforms such as Uber, Taxify.com, Lyft.com, etc. Once you have a clean vehicle which is qualified for their service and pass other tests, you can use your vehicle to make extra cash by using these platforms. .

To be successful in your online taxi driving career, treat your clients well so that you can get good reviews and hence get more clients.

19. Sell On Etsy

Etsy is an online marketplace for art, crafts and hand made goods and allows sellers display and sell their products on the website. If you do hand crafts, Etsy is a perfect place to sell your goods. To sell on Etsy, you need to register on the platform and set up your Etsy shop, list your products and give them captivating descriptions.

Etsy charges a small fee for product listing and also charges transaction fees on sales, with Etsy you get access to millions of customers thereby giving you a wider reach than having just your own online shopping website.

20. Build Your Own E-commerce Website

You can sell on big ecommerce platforms such as Amazon, Etsy, Ebay, Alibaba, Alexpress and others and still have your own online shopping website where your products are listed and sold. You will incur some costs from website development and marketing but if you do it right, you should see a nice return on investment.

You can build your e-commerce website with online platforms such as Shopify, . These websites enable you build a shopping website online without the stress of developing a website from the scratch. You can build an online shopping website very quickly and start selling your products within minutes.

21. Answering Questions online

There are websites which pay you to answer professional and technical questions in your field of expertise. Popular websites which pay people to answer questions include Chacha.com, JustAnswer, LivePerson.com, etc.

These websites usually pay you to provide the right answers to their clients questions through phone calls or text messages. It might not make you millions but it will put a little extra money in your pocket.

22. make YouTube Videos

YouTube has Pay-Per-View and Pay-Per-Click advertising systems which enable YouTube publishers earn money by uploading original videos. Once you register and get approved for the YouTube Partner program, every view and click of adverts on your video puts money in your pocket.

If you have viral/very popular videos on the platform, you can make hundreds of thousands and even millions of dollars yearly from YouTube, there are many YouTube millionaires all over the world, some of them are barely 18 years old!

23. Work As A Virtual Assistant

Virtual assistants are one of the oldest legitimate free ways to make money online, in fact there are people who work full time as Virtual assistants and are able to pay their bills and save from the income.

Popular virtual assistant jobs include writing, proofreading, transcription, etc. Some of the most popular websites for virtual assistant jobs are Odesk.com, Upwork.com and Elance.com. To be an excellent virtual assistant, you must have a good knowledge of Office applications such as Microsoft Word, Excel and PowerPoint.

24. Article Writing

If you have good writing skills, you can work as a freelance or full time paid article writer online, there are tons of individuals and companies willing to hire good article writers and most pay per article. Experienced article writers can make up to $100 and even more per article.

There are also websites which pay you per article they accept. Popular article writing websites include Listverse, Toptenz, etc.

25. Website Design & Development

Website designers and developers have become very sought after as companies and individuals seek to put their business online and maintain them. Web design is relatively easy to learn although it requires a lot of patience and hard-work. Web designers are paid well with some raking in hundreds of thousands monthly.


We welcome your comments, questions, corrections and additional information relating to this article. Your comments may take some time to appear. Please be aware that off-topic comments will be deleted, please don’t forget to share this on various social media handles or to your school group.

How to report Any errant Nigerian banks to CBN For Sanction.

Has your bank deducted money from your account unjustifiably? Have you been denied interest on your savings or deposits? Have you had unauthorised ATM or POS transactions on your account? Or lost your savings to fraudsters? And has your bank refused to resolve the problems?

Nigerian Currency

You can seek redress against the errant bank through the Central Bank of Nigeria, the regulator of the banking system and all financial institutions. Appealing to the CBN is like appealing to the Supreme Court.

However, the CBN Consumer Protection Department recommends that you first exhaust seeking redress in your bank.

Godwin Emefiele, Governor, Central Bank of Nigeria (CBN)

Contact Your Institution First

The Central Bank of Nigeria (CBN) issued a circular in 2011 directing all banks to expand their existing ATM HELP DESK to handle all types of consumer complaints.

Therefore, if you have a complaint against your bank, you MUST first report the complaint at the bank/branch where the issue originated and then allow 2 weeks (it might be less in some banks) for the issue to be resolved.

If Your Bank Fails To Resolve Your Complaint

If after lodging your complaint your Bank still fails to engage you and resolve the complaint within 2 Weeks as provided for in the ATM HELP DESK Circular, you have the right to escalate your complaint to the Consumer Protection Department (CPD) of the CBN.

Complaints to Consumer Protection Department

Note that you can only direct your Complaints to CPD upon the failure of your Bank/Financial Institution to resolve your complaint within the 2 weeks timeline given by the CBN.

Contacting Consumer Protection Department

You can contact the CPD through the following channels:

E-mail: cpd@cbn.gov.ng
Letter: Director, Consumer Protection Department
Central Business District, Abuja.

Your letter of Complaint should be addressed to the Director, Consumer Protection Department. You can submit your letter at the CBN Head Office OR at any of the Central Bank of Nigeria branches nationwide. If you live in Lagos, the CBN has an office on Lagos Island. Physically drop the letter at the department. Workers there are receptive and will help you.

Does the CPD Deal with all Types of Complaints?

The CBN deals with all financial related complaints so far as it is against Financial Institutions within its regulatory purview.

How to Write an Effective Complaints Letter

Your complaint should be clear and concise to avoid ambiguity. The Complaint letter (petition) should contain amongst other things the following:
• Name, Address, Contact Phone Number & E-mail of the Complainant;
• Name of your Financial Institution;
• Personal banking details (Do NOT include PIN & Passwords, please;)
• History/Date of the transaction in dispute;
• Amount claimed (if any);
• Attach relevant documents to support your claim and;
• Evidence to show that you have first lodged the complaint at your bank.

If you do not want to write long grammar, the CBN on its website provides a template to lodge the complaint online. It’s just a click away: visitit CBN website Here

The highest currencies in the world

In our today topic we are going to discuss on the topic “the highest currency in the world”

Firstly what is currency?

A currency in the most specific sense is money in any form when in use or circulation as a medium of exchange, especially circulating banknotes and coins. in other words currency is the legally accepted note or coin use as a medium of ex-change in a country or in a State.

All countries across the world has their own accepted currency which is use for goods ex_change and purchases.

Why do you care about the highest currenies in the world?

If you love traveling or if you are planning to settle abroad or planning to take that most coveted educational course over there or if you are going there for investment or planning a business trip; you need to know about the highest currencies in the world to help you in multiple scenarios, most importantly forex currency exchange while traveling overseas.

While traveling abroad, if you are aware of the highest currency in the world you can easily get your local currency converted to the one which has the highest global value and then get it exchanged to the local currency of that country where you are traveling to. Knowing about the most profitable exchange rate in the world will take away all your financial worries.

The highest currencies in the world

Different currencies all over the world have different exchange value. One of the factors that affect the value of a currency is the economic development of a country. currency value is not constant, but keeps changing with time.

To help you get a better sense about the highest currency values in the world, we have curated a list of highest currencies in the world . You can compare these currencies to the currency exchange rate of your country to make a better sense.

1 Kuwait Dinar – (1 KWD = 3.29 USD)

Kuwaiti Dinar is the world’s strongest currency and has the highest currency value. KWD is the foreign exchange (FX) symbol for the Kuwaiti dinar, the currency for the Middle East nation of Kuwait (an oil-rich country). INR to KWD is the most widely used exchange for the Kuwait Dinar. For every single Kuwaiti Dinar you’ll get around N1200.00

The country has a population of over 4 million people, and it continues to attract more immigrants due to its economic stability and tax exemptions. The secret of the country’s wealth and prosperity lies in oil. It holds 8% of global oil reserves. The Kuwaiti Dinar started circulating in Kuwait in 1961 and since then, its value has continued to increased.

2 Bahraini Dinar – (1 BHD = 2.65 USD)

Bahraini Dinar is the currency of Bahrain. The Bahraini Dinar is the second most valuable currency in the world. It is the official currency used in Bahrain. One Bahraini Dinar currently equals around 965.354 NGN. In 1965, the Bahraini Dinar began circulating and replacing the Persian Gulf Rupee, which was the official money used in Bahrain.

3 Omani Rial – (1 OMR = 2.60 USD)

The currency of Oman is Omani Rial. Most widespread Rial exchange rate is OMR To NGN Rate. The exchange code for Rials is OMR. For every exchanged Omani Rial you receivea bout944.014 NGN.

4 Jordanian Dinar – (1 JOD = 1.41 USD)

It is the currency of Jordan. Jordanian Dinar is an oil-rich middle-eastern country. The exchange code for Dinars is JOD. The currently costs about 511.951 NGN. It started its circulation in Jordan back in 1949 and subsequently replaced the Palestinian Pound. The banknote has a beautiful design that makes it outstanding. The banknote also has inscriptions in Arabic and English.

5 Great Britain Pound – (1 GBP = 1.26 USD)

The British Pound, no strange for anyone, is the currency of the United Kingdom. The most common UK Pound exchange rate is the GBP to EUR rate. One British Pound currently costs approximately 470.595 NGN.

The British Pound is one of the oldest and popular currencies in the world and is often used in international trade operations. It actively circulates in the UK and Northern Ireland.

6 Gibraltar Pound – (1 GIP = 1.23 USD)

The currency of Gibraltar is the Gibraltar Pound. The most common Gibraltar Pound exchange rate is the GIP to EUR rate. The exchange code for Pounds is GIP. It was introduced in 1927 and has stormed into the list of the highest currencies in the world. One Gibraltar Pound costs approximately 470.589 NGN.

7 Caymanian Dollar – (1 KYD = 1.20 USD)

This is the currency of Cayman Islands. The most prevalent Cayman Islands Dollar exchange rate is the KYD to USD rate. One Cayman Islands Dollar currently costs 442.651 NGN. The country has the highest living standard in the Caribbean. The money has denominations of 1, 5, 10, 25, 50 and 100 dollars.

8 Euro – (1 EURO = 1.10 USD)

Euro is the primary currency of the European Union. European Union’s currency Euro which is used in 26 European nations. One EURO TO NIGERIA NAIRA is equal to 400.00NGN.

9 Swiss Franc– (1 CHF = 1.01 USD)

The Swiss Franc is the official money used in Switzerland and Liechtenstein. The most prevalent Switzerland Franc exchange rate is the CHF to EUR rate. One Swiss Franc is equal to 371.226 NGN currently. Switzerland is one of the world’s wealthiest nations.

10 US Dollar

The US Dollar is the currency of the United States. Most powerful and popular currency. One USD is approximately 362.973 NGN.

Summary of the highest currencies in the world.

From the above list if you have the ambition to travel or to do ant international business, I guess it will be easier for you to take a decision of how to change your money to the strongest currency.

For easier understanding here is the summary below:

Here’s a quick recap of the 10 strongest currencies in the world:

  1. Kuwaiti Dinar – (1 KWD = 3.29 USD)
  2. Bahraini Dinar – (1 BHD = 2.65 USD)
  3. Omani Rial – (1 OMR = 2.60 USD)
  4. Jordanian Dinar – (1 JOD = 1.41 USD)
  5. Pound Stirling – (1 GBP = 1.26 USD)
  6. Gibraltar Pound – (1 GIP = 1.23 USD)
  7. Cayman Islands Dollar – (1 KYD = 1.20 USD)
  8. Euro – (1 EURO = 1.10 USD)
  9. Swiss Franc – (1 CHF = 1.01 USD)
  10. US Dollar

Airtel lost 100,000 Subscribers to Glo and MTN.

Despite massive media campaigns over the last few months, Airtel lost more than 100,000 subscribers in Nigeria between December 2019 and January 2020.

But while Airtel Nigeria’s subscriber base declined, it’s rivals –MTN Nigeria and Globacom–recorded growth in their total number of their respective active subscribers.

Based on the performance indicators for January, it appears that Airtel’s strategy of using top Nollywood actors in its numerous commercials have failed to appeal to market audiences.

Losers in the telcom market

According to the telephone service report which was recently released by Nigerian Communications Commission (NCC), Airtel Nigeria accounted for 49.9 million subscribers in January 2020, a slight decline compared to the 50.1 million it had in December last year.

Note that Airtel and Globacom have recently been on each others’ jugulars, vying for market share in a bid to occupy the number two position in the Nigerian telecoms industry. But now that Globacom has finally pulled ahead of Airtel, the question remains about how long it can manage to maintain the number two position right behind MTN Nigeria.

In the meantime, 9mobile continues to struggle. The company, which was formerly known as Etisalat, has been losing its subscribers since a recent change in ownership led to a brand name change.

Based on the latest report by the NCC, 9mbile is now the highest loser, with its subscriber base declining by over 484,000 in January alone.

Regulation forces Airtel Africa to initiate shares listing in Malawi , Airtel loses over 100,000 subscribers in one month as Glo chases MTN's market share cvf

Prior to January 2020, 9mobile had 13.6 million subscribers in December. That number now stands at 13.1 million. The last time the network provider surpassed 15 million active subscribers was in May last year.

The gainers of the telcom market

The NCC report showed that Globacom’s subscriber based increased by 55,509 to hit 51.75 million in January, up from 51.70 million in December 2019. It is believed that the surge in Globacom’s subscribers has been its aggressive marketing which has helped it to secure 27.85% of the market share.

Just like Airtel Nigeria, the Mike Adenuga-owned company has been using top celebrities to push for market share. Luckily for Globacom, the expensive media budget has been reflective on its subscriber base. Unfortunately, the same cannot quite be said for Airtel Nigeria which holds 26.92% of the market.

On its part, MTN Nigeria has continued  to maintain its position as the leader in the Nigerian telecoms industry. The company was the biggest gainer in the month of January, having added 1.93 million subscribers to its already existing 68.7 million subscribers as of December. This has, therefore, increased MTN’s total active subscribers to 70.6 million in January 2020.

This means the Y’ellow firm account for 38.06% of the market share. Altogether, the industry recorded an increase from 184.4 million telephone subscribers in December to 185.7 million subscribers in January 2020.

Data war changes the status quo

While Globacom is ahead of Airtel Nigeria in total subscribers, Airtel Nigeria is second highest in terms of data; right behind MTN Nigeria. Airtel Nigeria’s data subscribers increased to 35.5 million in January from 34.5 million.

Globacom was behind with 29.2 million subscribers , although this is an increase compared to the 28.9 million it recorded in December 2019.
The difference between Airtel and Globacom in the total number of data subscriber is network service for browsing.Globacom users have often complained about poor network service.

In the data war, MTN Nigeria held no punches in its bid to dominate the market. The company continues to lead in both total active subscribers and data subscribers. MTN Nigeria’s subscribers increased to 55 million in January from 54 million in. December.

But while MTN Nigeria, Airtel Nigeria, and Globacom experienced a surge in their subscriber base, 9mobile keep declining. The company’s total data subscriber base dropped from 8.06 million in December to 8.04 million in January.

Coronavirus: Billionaire, CEO Globalcom Limited, Mike Adenuga Donate 1.5 Billion To Nigeria To Fight Against Coronavirus.

Nigerian Billionaire and a business Mogul Mike Adenuga, a billionaire who has been sited on Forbes several times, has decided to render a helping hand to Nigeria Government to fight against Coronavirus.

The Mike Adenuga Foundation has donated the sum of N1.5 billion to Nigeria’s fight against the coronavirus (COVID-19) disease which has become a global pandemic.

The foundation is owned by billionaire businessman, Mike Adenuga Jr., owner of telecommunications giant, Globacom.

Of the large sum, N1 billion will go to the Central Bank of Nigeria-led private sector coalition which is coordinating efforts to raise funds from corporate bodies.

The remaining N500 million will go to the Lagos State government. The state has recorded most (68) of Nigeria’s total of 111 confirmed coronavirus cases.

Coronavirus: aviation sector to lose N160 billion and 22,000 jobs.

The disruption to air travel due to the continued spread of coronavirus will cost Nigeria’s aviation industry over N160.58bn (using Bureau de Change rate of N370 to $1) ($434m) in revenue and 22,200 jobs, the International Air Transport Association has said.

IATA said on Thursday that the country would also lose approximately 2.2 million passengers.

The association, an umbrella body for 290 airlines globally, had in early March projected 853,000 losses in passenger volumes and $170m loss in base revenues in Nigeria if the spread of COVID-19 continued.

In its country specific loss analysis, the IATA said since the end of January, thousands of passenger flights had been cancelled in Africa.

It added that the cancellations would increase exponentially with the implementation of additional measures in different countries.

IATA said, “International bookings in Africa are down roughly 20 per cent in March and April, domestic bookings have fallen by about 15 per cent in March and 25 per cent in April, according to the latest data.

“African airlines had lost $4.4bn in revenue as of  March 11, 2020. Ticket refunds have increased by 75 per cent in 2020 compared to the same period in 2019 (01 February – 11 March).”

The association said South Africa would also lose six million passengers, $1.2bn in base revenues and risk over 102,000 jobs.


How to apply for CBN loan for creative industry 2020.

Have you ever imagine how to apply for CBN loan? Or have you ever imagine what is the requirements for CBN Loan application? If you fall under any of this category this article is for you.

Today the360report will reveal to you, how you can apply for cbn loan and all what you need to apply for cbn loan. Now let’s begin, please read to end and don’t forget to share after reading.

Did you know that the Central Bank of Nigeria (CBN) has developed a Creative Industry Financing Initiative (CIFI)?

Interested applicants in the creative industry are advised to submit applications to their banks for approval and disbursement. The initiative has four pillars- Fashion, IT, Movie & Music.

You can get a loan of up to:

– N3m for Software Engineering student;

– N30m for Movie production business;

– N500m for movie distribution business;

– Cover rental/service fees for Fashion and IT business;

—Cover fees for training, equipment, & rental/service for Music business.

Go to any bank of your choice to access the fund. The maximum interest rate of 9.0% per annum is applicable to all loans. For more information, please visit http://www.cbn.gov.ng

Banks must get approval before sacking more than 5 staff – CBN
See how you can apply for CBN loan for creative industry
Eligibility Requirement

The eligibility requirements to access the loan are:

  • Business Plan
  • Economic benefits
  • 3 Years Financial Projections
  • 3 years audited accounts for existing companies
  • Statement of Affairs for start-ups and companies with less than 3 years of existence
  • Copies of duly executed offer documents between the bank and loan applicants
  • Certificate of Incorporation. R.C
  • Brief on Directors
  • BVN
  • Tax Identification Number (TIN)
  • Previous /Current Management Position
  • Shareholding
  • At least 2 Credit Reports for the company and each Director
  • Proposed schedule of fund disbursement
  • Proposed schedule of fund repayment
  • CBN Intervention(s) which the project is Currently Benefiting from
  • Outstanding Amount(s) in respect of 12 above
  • Minimum Equity Contribution-30% of total project cost
  • Provide evidence of any of the following:

– Legal mortgage

– All asset debenture

– Personal Guarantee

Please don’t pay money to those who claims they are agents, beware of scammers who claims they are cbn loan agent, if you have any question you can drop it on the comment section below.

How To Start A POS Business In Nigeria.

How To Start A POS Business In Nigeria.

POS business can be otherwise known as agent banking business. It involves the transfer of funds, withdrawal of funds, sale of recharge cards and bill payments like GoTv, DSTV, Startimes, and NEPA Bill services.

This business is an extension of services offered by varous financial institutions like banks through which customers get convenience. Therefore the fee you charge customers for this services is called convenience fee.

The central bank of Nigeria in a bit for financial inclusion has thrown open this opportunity. An avenue to create wealth and employment for the teeming numbers of unemployed youths.

Furthermore, this business thrives in areas where there are limited or no banks or ATMs. People will always be in need of money for various needs and will be glad to go to where they can be quickly served at a minimal cost.

Benefits of POS business in Nigeria

  • Achieve financial inclusion
  • Reduce the cost to serve
  • More Account acquisition
  • Business Opportunity
  • Create Jobs for the unemployed
  • De-congest bank premises
  • Serve a wider range of customers
  • Make customers happy

Why POS Business in Nigeria is Profitable

This business involves much liquidity, you must have readily available cash to give out. Because customers will come more for withdrawals than fund transfers. The services you will be offering includes;

  • Withdrawals
  • Fund Transfers
  • Bill payments
  • Sale of Recharge cards or Top up to all networks without buying vouchers and
  • Account Opening

Apart from Recharge which is free from charge other services are chargeable. But make sure you don’t overcharge you could be competing with other owners of POS machines or breed competition in future.

Once you are in a strategic location where they are limited or no ATMs around, customers will prefer coming to you for quick services.

Steps to start POS Business in Nigeria

  • Have An Exiting Business To Merge POS With
  • Get a viable location
  • Be tech savvy
  • Get a reliable host
  • Request for your POS Machine
  • Make up banners and advertise your business
  • Open other locations and expand.

Have An Existing Business

Since POS business has to with cash, to be eligible, you must have an existing business in operation at least for a period of 12 months. Also, you must have a shop or office from which you operate. Then, you must have been registered with the Corporate Affairs Commission as any of the following;

  • Limited Liability Company
  • Sole Proprietorship
  • Partnership
  • Cooperative Societies
  • Public Entities
  • Trusts or any other entity aside faith-based or NGOs.

Getting A Host

You can start POS business by getting a host. A host is a financial institution through which you extend their services to your customers. Good hosts include;

  • First Bank
  • Qubickteller
  • Paga
  • FCMB


Your location is very strategic to your success in this business. A location where there are limited or no ATMs or Financial institutions like Banks will do well more than area where there is ATMs or flooded with POS Already. Apart from that, they should be enough room to contain your customers, a furniture divider between you and your customers. Create a place where customers will feel free to carry out transactions.

Get a POS Machine:

Most of your customers will come to make withdrawals, so a POS machine is really important. A new POS machine goes for N85,000 – N100,000 only. First Bank offers free POS machines in Nigeria as of the time of this post, you just have to meet their requirements. To get one visit any First Bank Branch closest to you and make more inquiries about Agent Banking.

Get Banners

Getting a banner is very necessary, since For a business to be well known you need to create awareness, you won’t sell anything if people don’t get to know the goods or services you offer. Go get a well-designed banner at affordable amount of money.

We welcome your comments, questions, corrections and additional information relating to this article. Your comments may take some time to appear. Please be aware that off-topic comments will be deleted.

How you can make over 300k from home, and your office with oriflame without any stress

What do you know about Oriflame? It`s not only a popular cosmetic but also an opportunity to earn some money.

Oriflame provides an opportunity to create your own business by multilevel marketing model. Oriflame Nigeria compensation plan has already become a fortune plan for hundreds of Nigerians. You can also be one of them. This article will give you a full review about Oriflame Nigeria.

Oriflame in Nigeria provides a Unilevel compensation plan! What does it mean? It means that you can register people under you. These people earn you money each time they buy products. Oriflame provides you two ways of earning money in Nigeria.

The first way is the products retailing. As a distributor/partner,,you get your products at 30% discount and enjoy your immediate profits, You receive your whopping salary at the end of the month straight to your bank account .You get the opportunity to travel with the company for free. You will also have access to a catalog containing products and their prices.

The second option is to build your own team of sales managers.
Oriflame Nigeria has a system of ranking within their managers. Let`s start from the head to the lowest levels.

Executive Director (its a top position in Oriflame Nigeria);

Regional Director;

Senior Regional Manager

Regional Manager;

Senior District Manager;

District Manager;

Senior Group Manager;

Group Manager; Elite Consultant;

Consultant (its the lowest position in the hierarchy)

Benefits of being a distributor in oriflame ?

1. First, you become an independent Oriflame sales consultant. You will be considered as an independent entrepreneur. for other business network communities

2. You will have tools in your hands to start a legitimate business. Oriflame Nigeria start-up but ambitious business. 3. You can expect fast growth in few years.
4. This company is a great experience for you! From the very beginning you will enter into the beauty sphere.
5. You do not a risk high amount of money when you enter the business or exit it!
7. This company ensures that all operations and transactions are user-friendly. It means that you will have no problems in managing your business operations.

One good thing about oriflame, you can do it as Student, as worker or even as a house wife, it won’t disturb you from doing other jobs around hence it will increase your opportunity to to earn more money.

You can as well become part of them and make your dreams come true success in life depends on action not wishes you can contact https://api.whatsapp.com/send?phone=2348148432290 for more details.

How To Start A Steel Rods Business In Nigeria.

How To Start A Steel Rods Business In Nigeria.

Have you been thinking about starting Steel Rods supply business in Nigeria but don’t know how to go about it? Worry no more, by the time you are done reading this article, you would get to understand how the business works and how to get started easy and simple. How to start this business is actually not difficult at all and anyone can do it.

Like every other good businesses, steel rods supply business has good return of investment ROI, One length of 16mm – Iron Rod sells for about N3,000 retail price. You buy it at N120,000 per tonne and get 52 pieces.When you sell it all, you would get N36,000 profit. The profit could be much higher or lower depending on how much you buy, and the location of your business.

The prices of iron in the market varies greatly and there are different price for imported ones compared to Nigerian made. The analysis above is to give you idea of what the profit in the business looks like. Your target will always be to get product at the best price possible, going directly to the steel companies to buy would be considered more profitable.

How to get started is not hard, it is very easy to start. Just get a space by the roadside and your start up capital in your hands and you are good to go. You don’t need to keep too many logistics and starting up expenses is highly minimized.

Another thing that really make this business one of the choice business is the fact that steel rods is one of the most used building and construction material in Nigeria or anywhere in the world. That makes trading on this material is very viable because you are sure of constant sales.

Other joyful part is that, if you can get a good and strategic space along the roadside, you don’t need to spend money or pay for any ads company before you can get your customers. you will get your buyers with little or no stress because steel is used everyday for construction purposes.

Below are some of the available Irons in the market

  • 25mm Rods
  • 20mm Rods
  • 16mm Rods
  • 12mm Rods
  • 10mm Rods
  • 8mm Rods

How To Start A Steel Rods Business In Nigeria.

Get a space by the roadside in a developing area preferably. That is where the material sells most for average traders. Big construction companies handling big projects like the roads, building of companies and other massive structures used to get their materials direct from the manufacturing companies. Therefore, your target customers are mainly private and commercial building construction people.

Once you have the space, you proceed to source for your fund. The most popular steel rods in your target market is from 16mm downwards. These are the most popular steels used for private and commercial building and concrete works in Nigeria.

The best places to buy your steel rods is from the steel manufacturing companies, look for the one nearest to you and get your constant supply there. They usually take it to their customers once you buy in reasonable quantity, and you becomes a dealer.


We welcome your comments, questions, corrections and additional information relating to this article. Your comments may take some time to appear. Please be aware that off-topic comments will be deleted.