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Showing posts from March, 2023

8 Practical Steps on How to open agent banking business in Nigeria

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To open an agent banking business in Nigeria, you will need to follow these steps: 1. Know everything about agent banking in Nigeria. Visit here!  2. You are to research the regulatory requirements here by downloading the CBN document:  Nigeria has regulations that govern the operation of agent banking businesses, and it is important to understand these regulations before starting the business. The Central Bank of Nigeria (CBN) is the regulatory authority for agent banking in Nigeria, and you can visit their website to learn about the regulations. Tip: - Download  also guidelines document: CBN guidelines for regulating agent banking in Nigeria 3. Identify a partner bank of your choice: Agent banking requires a partnership with a bank that will provide the necessary support and infrastructure for the business. You will need to identify a bank that offers agent banking services and meet their requirements to become an agent. Tip: You can search CBN list of Bank...

Agent Banking In Nigeria: All You Need to Know

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The birth of agent banking business in Nigeria began in 2013 the Central Bank of Nigeria (CBN) launched the regulatory framework for agent banking in Nigeria. The goal is to take banking services delivery to the areas especially rural areas where there operations cannot reall cover effectively. In this article, I want to talk about Agent Banking In Nigeria, all that you need to know in it's concept.  1. What Is Agent Banking? 2. Who can be a bank agent? 3 Agent Banking Categories: *Super-Agent *Sole Agents *Sub-Agents 4. How to start agent banking business: *Super-Agent *Sole Agent *Sub-Agent *Agent Aggregator 5. Delivery Channels for Agent Banking In Nigeria 6  Agent Banking Services 7  How to Make Money in Agent Banking *Commission *Service Charges *Float 8  How Much Do You Need To Invest? WHAT IS AGENT BANKING? Central Bank of Nigeria (CBN) has released guidelines for agent banking relationships in the country to ensure adequate financial services to...

7 Steps on how to start up POS business in Nigeria

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Starting a POS (Point of Sale) business in Nigeria can be a lucrative and rewarding venture. Here are some steps you can take to start up a POS business in Nigeria: 1. Research the market: Conduct market research to determine the demand for POS services in your area. This will help you determine the viability of your business idea and develop a strategy to differentiate your business from competitors. 2. Obtain necessary licenses and permits: Register your business with the Corporate Affairs Commission (CAC) and obtain necessary licenses and permits from the Central Bank of Nigeria (CBN) and other regulatory bodies. However, this is not compulsory, but having a registered business name is very good.  3. Secure a location: Find a suitable location for your POS business, preferably in a high-traffic area such as a shopping mall, market or busy street. Probably, you can go to a place where there's less competition of other POS dealers.  4. Purchase equipment : Purc...

List of 101 Small Scale Business You can Start

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You can setup in Nigeria and making serious cash daily. While some of them can be done online on the internet, others can be run offline and physically. So many people out there make money from online business and earn their living from them. You case will not be different. You can also partake in these online and offline business ventures and start earning money from them. 1. Pure water business 2. Ice block production business 3. Cement block production business 4. Start Paving stones production business 5. Set up an Art collection and gallery 6. Start a Transportation business like Okada business (ie Motorcycles), Danfo Business (ie Commercial buses), Keke business (ie Tricycles), Taxis Business and lots more. 7. Wedding planning and Decoration 8. Offer Web designing and development services. 9. Set up Educational and tutorial centres for JAMB, WAEC, NECO, ICAN and other exams. 10. Daycare Centre 11. Computer schools business 12. Start Language schools for Igbo, Yoruba, ...