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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...

If a business brand is hoping to expand , franchising is a great model. But it's not the only (or always the best) option. For many business owners, franchising can appear to be an ideal form of business expansion. After all, franchisees are responsible for the entire investment in opening locations and, because of that investment, are highly-motivated to perform well. That allows franchisors to grow far faster than they might otherwise. But not all businesses are cut out to franchise. Before you dive into franchising, as yourself this compulsory question, "am I ready?" Step 1: Finding the right way to expand. Upgrading from a small business to a chain is a big leap. So before choosing how a company will grow, owners should figure out their management style and ultimate goals. We tell our clients, You really don't want to make a decision to franchise. You want to make a decision about how to run your business.“From a business perspective, there is very little differen...

This is for those looking for authentic information on how to build and run petrol/fuel station in Nigeria. You have come to the right place. This report is also applicable to those that want to run kerosene (DPK) marketing(domestically with surface tank and pump). PROCEDURE AND CONDITIONS FOR GRANTING APPROVALS FOR THE CONSTRUCTION AND OPERATION OF A PETROL STATION A.  APPLICATION PROCEDURES Application for approval to construct a filling service station for retailing Petroleum produces shall be submitted to the Department of Petroleum Resources (DPR) giving details of the proposals and any information that may be relevant to the project. In addition, the following documents should be submitted along with the application: i. Three (3) copies of approved plan showing the building existing or proposed on the site and the relation of the site to the roadways and adjoining property; ii. A certificate signed by signed by the Chief Federal/ State Fire Officer, or by an officer authorize...

An individual who owns and operates a business whether it be small or large is know as a business owner. This individual also profits from the net gain of the company. Business owners like to know what’s coming next and where it’s coming from. They make calculated decisions where the outcome is clear. The result may not be huge, but it will typically keep them moving forward. The major difference between small business owners and entrepreneurs is summarized below: Small-business owners have a great idea: They solve a problem in their community. They know their business and target audience. They know what will make their customers happy. They serve their customers. Entrepreneurs have big ideas: They dream big. They think big. They come up with ideas that haven’t been tested, diagnosed, or worked through. A lot of times they don’t even know if their ideas are possible, which gets them even more excited. They are generally, far more prosperous than small business owners. Most times, entre...

 Content marketing is a strategy for selling your goods or services. It involves setting yourself up as an expert in your field by creating and sharing content that is closely related to what you are selling. The content can include blog posts, videos, online courses or e-books. The goal is to attract and retain a clearly-defined audience who will purchase your goods or services. Understand the basics of building an online presence.  If you own a business, you need a website. It doesn't need to be fancy, but it does need to present essential information to potential customers. Things like your business' contact information, product descriptions, an online store, etc. Use search engine optimization (SEO) to ensure your website isn't buried on the last page of a search engine. To do this, you'll need to provide interesting, unique content on your website, use keywords, and get other websites to link back to yours. Learn the definition of paid channel advertising.  This is...