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  One of the greatest obstacles startups face in Nigeria is finance. Many times, it is easy to get the planning, and other key aspects of the business right, however, when there’s no funding for execution, there’s pretty much no progress. Therefore, many of these businesses look to the available startup funding in Nigeria to grow. See some top   business ideas in Nigeria . Also, the starting capital of a business, determines to an extent, the level at which it enters the market. In addition, it also plays a key role in how long a business can fund its operation without making a profit, as most businesses start that way. If you are a business owner looking for the best startup funding in Nigeria, here are some of the best picks for you: Types of Startup funding in Nigeria Crowdfunding: Since its emergence, crowdfunding has become one of the most common ways through which startups can raise funds in Nigeria. Primarily, it entails you pitching a business idea on the platform which hosts a

  You would agree that being unemployed can be very harsh on your finances. In this situation, it is very important that you are prudent with the little you have. However, no matter how careful you are with spending, there are some unprecedented events that will require you to spend some cash. In this situation, you might not be able to cater to these needs because you are out of work. The good news is, you can access very few loan options as unemployed. This article provides you with details about loan options you can leverage and everything you need to know. Can you get a loan if you have no income? As we have earlier mentioned, it is very possible to get a loan if you are unemployed. However, to qualify for a loan with any lender, you will need to have an excellent credit history. In addition to this, you must have a good credit score and an alternate source of income. In the case of an alternate source of income, they want to use this to determine if you can meet up with the loan r

  Experts in Statista stated that the rate of unemployment in Nigeria rose to 33.28% in 2020. Hence, it is unsurprising that most people think of how to get money to sort their bills. This leads to the statement, “I’m Unemployed but I Need Money Now”, which is normal for people to worry about. In case you are wondering how to get money instantly if you are unemployed, read further to learn how to do this. Can I Take a Loan if I’m Unemployed? The simple answer to this is “yes”. There is a legit way you can get a loan if you are unemployed. Also, the loan application process is easy, quick, and seamless. You will learn more about how to apply for this type of loan subsequently.   What Should I Consider Before Taking Out a Loan While Unemployed? Before you try obtaining a loan, it’s important to be completely honest with yourself about your capacity to fully pay back the loan as initially agreed. It doesn’t matter if you’re unemployed or employed. Basically, missing only one payment can c

  Henley & Partners recently collaborated with New World Wealth to release the 2022 Africa Wealth Report which contains some very interesting statistics. We at Business Insider Africa got a hold of the 75-paged report, and hereby bring you the highlights. First, a total sum of $2.1 trillion is currently held by Africa's private sector. And the number is expected to jump 38% come 2032. Another fascinating revelation from the report is that 50% of Africa's wealth is currently concentrated in just five countries. We shall be focusing on these countries shortly. Also, there are currently some 136, 000 individuals with net worths of over a million dollars living across the African continent. In the same vein, the continent has about 6, 700 multimillionaires, with net worths of at least $10 million. Here are 10 African countries with the highest number of dollar millionaires as of 2022 South Africa:  There are some 39, 3000 high net worth individuals in South Africa who have net

Investing can be a great way to set yourself up with a retirement fund, down payment fund, or college tuition savings. The longer the time your money has to grow, the less you have to invest.  It’s best to start investing as soon as possible – even today if you can. Start by making sure your high-interest debt is under control and you have an adequate emergency fund (cash you can access quickly if you lose your job or face an unexpected event).  Historically, investments easily outpace inflation — even with the normal ups and downs of the market. You just have to know how to spread out your risk and choose the right methods to help your money grow. We asked the experts, and here are the best investments to get your money growing today.  Why and When to Invest? First, let’s first look at when you should start investing. “Your money makes money over time when you invest. That’s how you accumulate wealth,” says Katharine Perry, certified financial planner and advisor at Fort Pitt Capital

  In  investing, do not buy or sell based on what your friends, neighbours or that fancy stock guru is buying. You do not know their realities. You do not know their risk appetite, information ratio, manoeuverability, asset allocation and incentives. Actually you know nothing about those you wish to imitate. Robert Cialdini described this behaviour as ‘social proof’. It is the tendency to see an action as more appropriate when others are doing it. It may not always be the best for you. Do not be in a hurry to grow up.  You are always asking when you will get independent, when you will make money, when you will be involved in discussions we adults take part in. Some things take time. Growing up is a process. Enjoy it. Your science book explains how a seed turns into a sapling, then into a shrub and later into a tree. Some seeds wither away, not all turn into a tree and bear flowers and fruits. We nurture, support, love and sometimes admonish you—it’s all a part of growing up. You may no

  Now that you have a better idea of the amount of profit that retailers are taking in, it’s time to look at the specific ways that you can increase your profit margins.   Here are 10 things you can try: 1. Avoid markdowns by improving inventory visibility Markdowns are notorious profit-killers, so avoid them whenever possible. How do you do that? Start by improving how you manage your inventory. You should always have a handle on the merchandise you have on hand, as well as what your fast and slow-movers are. This will help you make better decisions around purchasing, sales, and marketing, allowing you to sell more products and reduce the need for markdowns. 2. Elevate your brand and increase the perceived value of your merchandise  It’s interesting to see that cosmetics retailers have some of the best margins in retail. According to experts, one reason behind this is the fact beauty and cosmetics brands excel at creating personal and emotional connections with customers. Beauty is a