Street food (fried yam & akara, noodles, small chops). Mobile food delivery to offices/schools. Pure water & soft drinks retail. Quick cash withdrawals, transfers, bill payments. Very high demand in areas with few banks/ATMs. Chargers, earphones, power banks, screen guards. Fast turnover because phones are daily essentials. Bags, shoes, clothes (especially ladies’ wears). Can be…
Automate savings so you don’t “forget” to save. Use budgeting apps or spreadsheets for easy tracking. Cut money leaks like unused subscriptions or impulse buys. Practice delayed gratification – wait 24 hours before buying non-essentials. Stay accountable by sharing goals with a friend or joining a money challenge. Common Budgeting Mistakes to Avoid Setting unrealistic…
Managing money can feel overwhelming—bills pile up, expenses keep coming, and savings seem impossible. The truth is, it’s not always about how much you earn but how well you manage it. That’s where budgeting comes in. Budgeting isn’t about restricting yourself; it’s about giving every naira or dollar a purpose. Think of it as a…
Financial discipline is the ability to plan, manage, and control how you earn, spend, save, and invest money in a consistent and responsible way. It’s about making intentional financial decisions rather than acting on impulse. Here are some key aspects of financial discipline: loans.
Running a business in Nigeria can be rewarding, but one of the toughest hurdles entrepreneurs face is multiple taxation. From federal levies to state and local government demands, businesses often struggle with overlapping taxes and charges that reduce profits and discourage growth. Fortunately, with the right strategies, these challenges can be managed effectively. 1. Understand…
Tax Compliance in Nigeria Tax administration in Nigeria is handled by: Federal Inland Revenue Service (FIRS) – handles federal taxes (company income tax, VAT, etc.). State Internal Revenue Service (SIRS) – handles personal income tax (for sole proprietors and employees). Taxes You May Need to Pay: Apply for a TIN (free) from FIRS. Required for…
Business Formalization in Nigeria In Nigeria, the body in charge of registering businesses is the Corporate Affairs Commission (CAC). Steps to Formalize Your Business: Business Name (BN) – for small businesses, sole proprietors, and partnerships. Limited Liability Company (LLC / LTD) – protects your personal assets, suitable for growing companies. Incorporated Trustee (NGO/Non-profit) – for…
A Gateway to Global Opportunities Studying abroad is one of the most life-changing decisions a student can make. Beyond the classroom, it offers exposure to new cultures, global networks, and opportunities that can shape both career and personal growth. 🌍 Why Study Abroad? 📌 Popular Study Destinations USA & Canada – Excellent research facilities and…
In business, risk is not something you can completely avoid—it’s a part of the journey. From financial uncertainty to unexpected market changes, risks are everywhere. But here’s the good news: with the right mindset and strategies, risks can be transformed into opportunities that drive growth and innovation. Every risk comes with two sides: potential loss…
Every business, no matter how small or large, faces risks. From sudden market changes to unexpected expenses, risks are part of the journey. What makes successful businesses stand out is how well they manage these risks. The first step is knowing what could go wrong. Risks may be: Financial (cash flow problems, rising costs) Operational…
