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Last Updated: May 8th, 2018 You can actually go into oil and gas products trading, supplies, big and small deals and facility management. The oil industry is where everybody can benefit. The trading opportunity is massive, in fact, in one deal alone, you can make over N200,000(NGN).  Product trading is where the wealth is and, it has a wide scope, from the Automotive gas oil(AGO- Diesel) to PMS(petrol),  DPK(kerosene) and LPFO( low pour fuel oil- black oil). You will find opportunities from homes, banks, factories, workshops, eateries and business centres, cyber cafes, companies, government offices, and even to filling stations and depots. All these places are where you can supply petroleum products for millions even on your first delivery. This business was made simple and open to all by the partial deregulation of the petroleum sector by the federal government. The good news is, you do not need to be a millionaire to start this business. With what is called Local Purchase Or...

Are you are marketer, do you wish to market your goods or services to Nigerians via digital means at affordable and cheaper cost? This is for you. Digital marketing has today modified that you can market goods and services to your potential targets using your mobile devices. There are several tools one can use to get to his/her target audience. One of such is email. Email marketing has evolved over time and one good thing about email marketing is, it doesn't require you to pay much for sending out your messages to millions of Nigerians out there, unlike bulk sms or shortcode sms where you have to pay per each phone number you sent your message to. We have access to over a million Nigerian email addresses in the database. This is different from email campaign or registering with email marketers where you have to get people to subscribe to your email list and as well you might be billed yearly. Here, the job has already been done, you will have access to all Nigeria emails in the dat...

DIAMOND Bank Plc has given insight into one of the requirements commercial banks consider before granting loan to Small and Medium Enterprises (SMEs) in the country. Njideka Esomeju, Head Emerging Market, Diamond Bank Plc, gave the insight in her presentation on ‘Growth Financing for SMEs,’ delivered recently at the Vconnect and Facebook SME conference in Lagos. She said: “I found out that so many business operators dwells so much on cash flow.  I don’t think cash flow is the challenge for SMEs; rather it is your cash cycle that is a challenge. Cash cycle is that your banker wants to know how you would turn N5 to N50; what you are going to do, your production cost, how you are going to sell, the market you are going to sell and at the end of the day, you make N50; you can give your banker N2 for debt servicing. So you need to understand your cash cycle. Cash cycle is not the same as cash flow that an accountant prepares for you. You should be able to explain that cash cycle to your...