GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

Seven (7) Profitable Businesses You Can Start With 20K Naira In Nigeria

Sylvester Tobias by Sylvester Tobias
June 15, 2024
in business
Reading Time: 2 mins read
Seven (7) Profitable Businesses You Can Start With 20K Naira In Nigeria
31
SHARES
Advertisements

Starting a business often seems daunting, especially when considering the capital required. However, not all businesses need millions or even hundreds of thousands of naira to get off the ground.

In this article, we highlight seven profitable businesses you can start with just 20,000 naira in Nigeria.

READ ALSO

Dollar to Naira Black Market & Official Rate Today Sept 7, 2025

Nigerian PoS Operators Push Back as Fraud Surges, CBN Issues New Rules

1. Shawarma/Barbecue Business

Shawarma and barbecue are popular food choices in Nigeria, often enjoyed with drinks at beer parlors or bought for families. Setting up a shawarma or barbecue stand in front of a beer parlor or club can be very lucrative. You need to learn the necessary skills and acquire some basic equipment. With as little as 20,000 naira, you can start this business.

2. Fish Farming

Fish farming is a profitable venture that doesn’t require much capital or time. You can start with a small plastic pond of about 100 liters and focus on selling fingerlings (baby fishes). The fish market is always in demand, and with an initial investment of 10,000 naira, you can potentially earn up to 50,000 naira in your first production cycle.

3. Sales of Poultry Products

The sales of poultry products, such as chicks, chickens, and eggs, is a lucrative business due to the high market demand. With an initial investment of 20,000 naira, you can become a supplier to restaurants, schools, and other organizations. If interested in producing your own poultry products, you can research more on how to start a poultry business in Nigeria.

4. Car Wash

Car wash services are always in demand. Many filling stations and car markets look for individuals to run their car wash services, often providing space and equipment. The arrangement usually involves remitting a certain percentage of the earnings. This business can be started with minimal capital and an agreement with a filling station or car market.

5. Dry Cleaning Services

Dry cleaning is a profitable business that can be started with little capital. You can begin right from your home, offering laundry and ironing services. If you don’t have the money for a washing machine, you can start by washing clothes by hand and using an iron. This business has a high demand, making it a lucrative option.

6. House Agent

Becoming a house agent is a profitable business due to the constant movement of tenants. People frequently change apartments for various reasons, providing a steady market for house agents. All you need to start are a mobile phone, an ID card, and less than 10,000 naira to network with landlords. This business requires minimal capital and can be highly rewarding.

7. Plantain Chips Business

Plantain chips are a popular snack in Nigeria, consumed daily by many. Starting a plantain chips business involves frying the chips, packaging them attractively, and labeling them. Retailers will frequently buy from you to resell if you do it right. With good frying skills and an initial investment of 10,000 naira, you can start this business and meet the high demand for this snack.

Starting a business in Nigeria with a small capital is achievable with the right approach and a focus on in-demand services. By exploring these seven business ideas, you can find a venture that suits your skills and interests, allowing you to become a successful entrepreneur with minimal initial investment.

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

Euro To Naira Black Market Exchange Rate For Today June 15th, 2024

Next Post

Guide: How To Get A Job In Turkey From Nigeria

Related Posts

Dollar to Naira Black Market & Official Rate Today Sept 7, 2025

Dollar to Naira exchange rate today

The naira continued to struggle against the United States dollar on Sunday, September 7, 2025, with a wide gap between...

Read moreDetails

Nigerian PoS Operators Push Back as Fraud Surges, CBN Issues New Rules

Nigerian PoS Operators

Nigerian PoS Operators Push Back as Fraud Cases Surge, CBN Tightens Rules   Point of Sale (PoS) operators across Nigeria...

Read moreDetails

NDDC Graduates 300 Youths from Technical Skills Training Programme

NDDC Graduates 300 Youths

The Niger Delta Development Commission (NDDC) has successfully graduated approximately 300 youths from its two-month Technical Skills Training Programme, organized...

Read moreDetails

iPhone 17 Pro: 14 Features to Expect from Apple on September 9

iPhone 17 Pro: 14 Features to Expect from Apple on September 9

iPhone 17 Pro: 14 Features to Expect from Apple on September 9 Based on credible expectations and the feature set...

Read moreDetails

FG Announces Successful Participants for Creative Leap Acceleration Programme (CLAP)

FG Confirms Selection of Candidates for CLAP Programme

The Ministry of Art, Culture, Tourism and the Creative Economy has announced the completion of the selection process for the...

Read moreDetails

Naira Depreciates in Parallel Market but Gains at Official Window – See New Rate

100 Dollars to Naira Black Market Rate: April 1, 2025 – Convert 100 USD to NGN

The naira yesterday weakened further in the parallel market, trading at ₦1,552 per dollar, compared to ₦1,546/$ recorded on Wednesday....

Read moreDetails

How First Bank Staff Allegedly Diverted Customer’s ₦10.5m Fixed Deposit (Read Full Details)

First Bank Employee Diverts, Squanders Osun Septuagenarian’s N10.5m Fixed Deposit

A 72-year-old man, Sule Fabiyi, has accused a former staff member of First Bank of Nigeria, Abdulwahab Sani Shehu, of...

Read moreDetails

Oluremi Tinubu Launches Empowerment Programme, Supports 500 Women

Oluremi Tinubu Launches Empowerment Programme, Supports 500 Women

First Lady, Senator Oluremi Tinubu, has reaffirmed the Tinubu administration’s commitment to women’s economic empowerment as a driver of national...

Read moreDetails

₦2m Grant Up for Grabs: Grooming Endowment Trust Calls Nigerian Startups to Apply

Grooming Endowment Trust - GETAccelerate 2025

Grooming Endowment Trust Opens 4th Cohort for Nigerian Startups Small business owners and startup founders in Nigeria have another shot...

Read moreDetails

Naira Slips Against Dollar in Both Official and Black Markets — Here’s the Latest Rates

Dollar to Naira exchange rate today

The naira started the new trading week on a weaker note, slipping against the United States dollar in both the...

Read moreDetails
Load More
Next Post
Guide: How To Get A Job In Turkey From Nigeria

Guide: How To Get A Job In Turkey From Nigeria

SEARCH ADS

Latest Posts

Students Protest UNILAG Post-UTME Malpractice, Blame Faulty AI Screening
Education

Students Protest UNILAG Post-UTME Malpractice, Blame Faulty AI Screening

Dollar to Naira exchange rate today
business

Dollar to Naira Black Market & Official Rate Today Sept 7, 2025

NELFUND Disburses ₦32.1m to 750 Students at Federal College of Education, Gombe
Education

NELFUND Disburses ₦32.1m to 750 Students at Federal College of Education, Gombe

Zulum Approves ₦300,000 Support Package, Free Meals, and Scholarships for Borno Students
Education

Zulum Approves ₦300,000 Support Package, Free Meals, and Scholarships for Borno Students

Residents of a Lagos estate were left in shock on Thursday night after a young woman, Deborah Porsche, popularly known as Debporsche, was allegedly murdered by her ex-boyfriend, identified simply as Lintex, nearly a year after their breakup. According to reports, Lintex had repeatedly threatened Deborah since their split in August 2024, allegedly vowing: “If I don’t have you, nobody will. If I no marry you, blood go flow.” Deborah’s sister described her as a hardworking interior decorator who had just completed her National Youth Service Corps (NYSC). She further alleged that the deceased endured emotional abuse throughout her relationship with Lintex, which ultimately pushed her to walk away. On the night of the attack, the suspect disguised himself as a dispatch rider in an attempt to infiltrate the estate. Security guards reportedly stopped him at the gate, but he scaled the fence and gained entry to Deborah’s apartment. Eyewitnesses said Lintex first tampered with the gas cylinder line outside the apartment, allegedly trying to cause an explosion. When that failed, he forced his way inside and stabbed Deborah multiple times with a knife he brought along. Alarmed neighbours rushed to the scene and alerted the police. The suspect was subdued and handed over to law enforcement officers. Police authorities have confirmed the incident, stating that investigations are ongoing. Deborah’s tragic death has sparked outrage online and renewed calls for stronger legal protections for women against abusive and obsessive partners.
Headline

Man Arrested After Disguising as Dispatch Rider to Murder Ex-Girlfriend in Lagos

Reps Seek Compulsory 5 Year service to Nigeria by Doctors before going abroad
Headline

Akwa Ibom Doctors Face Sanctions Over Death of Pregnant Woman and Baby

NELFUND Clarifies Upkeep Loan Disbursement and Application Process
Education

No More Upkeep During Holidays – NELFUND Tells Students

Federal Govt Launches ₦50 Million Grant to Support Student Entrepreneurs
Education

Tinubu Commits ₦90bn to Support 400,000 Students Through NELFUND

Niger state governor ban public preaching
Headline

Niger Governor Bans Pastors and Public Preachers From Preaching in Public

Stanbic IBTC Announces 2024/2025 University Scholarship for Nigerian Undergraduates
Education

Stanbic IBTC Announces 2024/2025 University Scholarship for Nigerian Undergraduates ( APPLY NOW)

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News