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What can you buy with 1 million Naira in Nigeria?

Posted on August 30, 2022 by Author

What can you buy with 1 million Naira in Nigeria?

Business I can start with 1 million naira in Nigeria

  • Opening a small supermarket.
  • Opening a small restaurant.
  • Boutique business.
  • Phone and computer accessory business.
  • Bakery business.
  • Producing yoghurt and ice cream.
  • Poultry farming.
  • Fish farming.

What Can 3 million naira buy Nigeria?

Top 10 Cars You Can Buy With Three Million Naira in Nigeria

  • 2007 Ford Edge. Ford Edge vehicles are becoming increasingly popular on Nigerian roads.
  • Honda.
  • Mercedes Benz CLS550 2007.
  • Toyota Corolla 2014.
  • Toyota Camry 2007-2011.
  • Lexus ES300.
  • Peugeot 307 (2004 Model)
  • BMW X5.

What is the currency of Nigeria money?

Nigerian naira
Nigeria/Currencies

Which business can I start with 2million naira?

With two million naira in account, you can invest into businesses like recharge card dealership which allow you to represent the mobile telecommunication networks as a dealer for distributing or selling recharge cards and data bundles to subscribers/customers across the nation.

What business can start with 1000000?

This article will explore several businesses that can be started with one million naira.

  • 1) Operating a restaurant.
  • 2) Poultry farming.
  • 3) Fitness centers and gymnasium.
  • 4) Bridal shop.
  • 5) Frozen foods.
  • 6) Boutique/thrift shop business.
  • 7) Bakery/Bakeshop.
  • 8) Importation.
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What business can I start with 5m in Nigeria?

What Business Can I Do with 5 Million Naira In Nigeria?

  • Start a school of your own.
  • Start an agro-chemical industry.
  • Acquire real estate.
  • Become a motor dealer.
  • Establish a private broadcasting corporation.
  • Become a major distributor for a pharmaceutical company.
  • Look for investment opportunities.

What is the meaning of NGN?

NGN is the currency code for the Nigerian naira, the official currency for the Federal Republic of Nigeria.

How can I become a millionaire in Nigeria?

How To Become A Millionaire In Nigeria (Fast Ways)

  1. Learn To Save Money. It is perhaps the most crucial aspect of becoming rich.
  2. Invest Your Savings.
  3. Work In Between A Job.
  4. Become An Entrepreneur.
  5. Prepare Action Plan.
  6. Build Your Character.
  7. Take Risks.
  8. Summary – Becoming A Millionaire.

What business can make millions?

9 best million-dollar business ideas

  1. B2B products and services.
  2. Online education.
  3. Wellness offerings.
  4. Food delivery services.
  5. Wedding services and products.
  6. Dropshipping business.
  7. Food truck.
  8. Subscription model business.

What kind of business can I start with 3 million?

Listed below are profitable small businesses you can start with 3 – 20 Million Naira that are thriving in Nigeria today.

  • Open a Restaurant.
  • Start a Fumigation Business.
  • Tomato Farming.
  • Importation of wears.
  • Livestock farming.
  • Big Bakery.
  • Medical & Laboratory Equipment Supplies.
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Is 100 dollars a lot of money in Nigeria?

Originally Answered: Is $100 a lot of money in Nigeria? Yes, it is a lot of money in Nigeria. If converted to naira(NGN) money it will amount to #36,000.00 which is beyond the minimum wage of an average Nigeria worker at #30,000.00.

What to buy with 50 naira or less in Nigeria?

15 Useful Things You Can Buy With 50 Naira Or Less In Nigeria 1. Noodles 2. Water 3. Stationary 4. Garri 5. Sausage Roll (Gala) 6. Hand Kerchief 7. Groundnut 8. Keke/Bus/Bike Fare 9. Sweet/Gum 10. Detergent 11. Fruits 12. Sugar 13. Milk 14. Bread 15. Salt

What are the cheapest things to buy in Nigeria?

Noodles are cheap and easy to prepare. It is one of the most consumed foods in Nigeria. A small pack of noodles goes for about N35 while the big pack is sold for N50 each. With just N50 you are sure to have a good simple meal of spiral pasta. 2. Water Water is one of the cheapest commodities in Nigeria, although not the most abundant.

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How much is a cup of garri in Nigeria?

A cup of garri is standard – N50 naira everywhere you go. But in some places, vendors tie smaller quantities of garri in packs of N10 and N20. These smaller packs are usually sieved and are sold to people who want to have the Nigerian basic snack – garri soaked in water with sugar, milk and fried groundnut.

What can you buy with N50 in Nigeria?

Stationary ranging from pen, pencil, eraser, sharpener and exercise books can be gotten with N50. Basic pens go for N20, pencils N10 and with N50 you can buy a 60 leave exercise book. 4. Garri A cup of garri is standard – N50 naira everywhere you go. But in some places, vendors tie smaller quantities of garri in packs of N10 and N20.

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