Quick Answer: How Can I Earn 5000 Naira?

Is $50 a lot of money in Nigeria?

To answer your question, $50 is worth just about NGN17,750 (using $1 = NGN355).

Where NGN represents Nigerian Naira.

You can only do grocery shopping with that amount of money and if you’re a spender, that may not last you more than a day..

What is the best investment in Nigeria?

List of the Best Investment Opportunities in NigeriaBank Investments. It is almost impossible to discuss investment opportunities in Nigeria without referring to bank wavings. … Cryptocurrency and Blockchain Investments. … Real Estate Investments. … Agriculture and Livestock Investments. … Bonds and Stocks Investments.

How can I make fast money in Lagos?

5 Ways To Make N5000 A Day In LagosBy Nkem Ndem. Five thousand Naira a day, it does not seem much, yet, over a year of 365 days, this simple N5000 daily will amount to almost N2 million. … Sell used items. … Tutor a student. … Clean someone’s home. … Turn your car to a taxi for a day. … Freelance writing.

How can I earn dollars in Nigeria?

In this article, you will learn the five (5) easy and legit ways to earn US Dollars in Nigeria.Remote Job. Nowadays, the future of work is remote. … Blogging. With blogging, more traffic equals more money. … Affiliate Marketing. … Forex Trading. … Teach Online. … 5 Most Valuable Company Stocks In Nigeria (2019)

How can I make 20000 naira a day?

If you want to make 20,000 naira daily in Nigeria, checkout these 15 ways:Start Blogging.Start Up a Boutique.Start Affiliate Marketing.Establish a Laundry Business.Own a Barbing Salon.Become an Affiliate Fashion Designer.Run a Barbeque Business.Do Freelancing.More items…•

What can I invest in with 50k in Nigeria?

20 Businesses You Can Start With 50,000 Naira in NigeriaBaking Business. Baking is a thriving business in Nigeria. … Fast food Business. The importance of food can never be overemphasized. … Plantain Chips Business. This is also a very lucrative business. … Selling Drinks and Water. … Small Scale Farming. … Smoked Fish Business. … Soap Production. … Home and Beauty Products.More items…•

How can I invest 200k in Nigeria?

Listed below are profitable small businesses you can start with 200k that are thriving in Nigeria today.Open a Restaurant.Start a Fumigation Business.Laundry and dry cleaning services.Starting your own home services.Importation of wears.Livestock farming.Car wash center.Corporate cleaning services.More items…

What business can I do with 1million naira?

Business I can start with 1 million naira in NigeriaOpening 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.More items…•

How can I earn daily income in Nigeria?

Below are 10 daily income businesses in Nigeria that you can start up right away.Catering Business. This business is lucrative because people would always need food. … Baking Business. … Transport Business. … Dry Cleaning Business. … Car Wash Business. … Hair Styling Business. … Freelance Writing. … Haulage Business.More items…•

What can I sell online in Nigeria?

These are some electronic products that you can sell online in Nigeria.Television and videos: LED TVs, Smart TVs, Televisions, DVD players, PlayStation.Cameras: Camcorders, digital cameras, video surveillance, projectors.Generators and portable powers: Generators, inverters, solar power, stabilizers.More items…

What is the fastest growing business in Nigeria?

Five fastest-growing business ideas in NigeriaHotel Business.Oil and Gas business Ideas.Haulage business intentions.Poultry business idea.Pure water production business.In Conclusion.

What sells fast in Nigeria?

Top 15 High Demand And Fast Selling Products in 2020Electronic Goods. … Fashion Items. … Cosmetic Product. … Health And Wellness Products. … Hair Wig And Extensions. … Baby Accessories. … Food And Groceries. … Phones And Accessories.More items…

What business can I start with 5k in Nigeria?

List Of Lucrative Businesses to Start in Nigeria with 5K or 10KLondon Used Cloths (OKREKA) Okreka are used clothes that are being imported from other countries. … Pure water/bottle water business. … Buying And Reselling. … Noodles preparation business. … Mini meet pie production. … Liquid soap production. … Daycare center business.

Is $100 a lot in Nigeria?

So yes, it is a lot but just enough depending on who has it. Largely depends on who you ask. $100 is around 36,000 Naira which is twice our current official minimum monthly wage. To someone who earns minimum wage, which unfortunately is the bulk of the Nigerian populace, it is a lot of money.

What can you buy with 1 dollar in Nigeria?

In Nigeria, a dollar when converted to local currency can buy you 2 liters of fuel or a well-made meat pie.

How can I make money with my car in Lagos?

10 Ways To Make Money With Your Car in Nigeria 2020Corporate Car Services (Uber/Bolt)A Child Pick-up Service.Equipment Transportation Service. Buy And Sell For Ladies – Visit www.ladymart.ng.Courier Service.Vacation Rental Service.Moving Service.Mobile Laundry service.Car Rental Service.More items…•

How can I make money with my phone in Nigeria?

Other ways you can make money by using android apps are:A. Goggle Opinion Rewards (Not Available in Nigeria)B. Clickworker.C. Foap – a popular app that lets you sell your photos and make money.D. Toluna – helps you make money by taking surveys.E. Swagbucks – similar to Toluna.

How can I make money fast in Nigeria?

In this post, we’ll be sharing some easy and legit ways to make some extra cash in your spare time.Publish Books Online. … Sell Designs & Creatives Online. … List on Property Websites. … Start a Blog or a Vlog. … Sell on E-commerce Websites. … Affiliate Marketing. … Offer Professional Services Online. … Become a Virtual Tutor.More items…

How much is a lot of money in Nigeria?

With up to two-thirds of the population living on less than a dollar a day, Nigerians living in poverty rise , $200 is a lot of money for most Nigerians. Another way to look at this is in terms of the quantity of household items you could buy with such amount.

How can I make 5000 naira a day?

10 Ways to Make 5000 Naira Daily in NigeriaFreelancing. This is one of the easy ways people make money online. … Tutoring. … Barbing. … Transport services. … A beauty salon. … Owning a Gym house. … Sales. … Online marketing.More items…

What business can I do with 20k in Nigeria?

Profitable Businesses You Can Start With 10k 20k 30k 40k In NigeriaSelling of bottled drink or bottled water: … Requirements : get a space in a busy area like commercial bus terminal, buy a big cooler, an umbrella, iced block, a small signboard to write buy minerals and cold water here. … Popcorn Production Business.More items…