What can I invest with 5000 Naira? (2024)

What can I invest with 5000 Naira?

The stock market is a great place to accumulate wealth over a long period of time, and you can start buying stocks with just 5,000 Naira through a stockbroker or an online trading platform. Investing in agriculture production and sales can be a smart move that doesn't require too much effort or capital.

What is the best thing to invest $5000?

Invest in the Stock Market

Learning about the stock market or putting your money in an index fund can be an ideal way to invest $5,000. As you save more money, you can increase your investment in the stock market.

What business can I start with 5k in Nigeria?

Recharge Card Selling Business

Recharge card selling is a profitable business to start with 5k in Nigeria. You can sell both online and offline. Not everyone will buy a card but everyone needs to recharge, either for data or phone calls. Some of the biggest networks include MTN, Globacom, Etisalat, and Airtel.

What business can I start with 2.5 million in Nigeria?

With 2.5 million Naira, you can set up a website, purchase inventory, and invest in online advertising to reach potential customers. Agriculture: You can start a small-scale farming business, such as poultry farming, fish farming, or vegetable farming.

What can 1 million Naira buy in Nigeria?

Investment is the main option and only saturated businesses like hairdressing saloon, cafe, copy centre, grocery store, gaming centre, cafteria etc can be comfortably set up with N1m. Agric is another profitable business it can do a lot for and where demand is almost always high.

How can a Nigerian earn in dollars?

One of the most popular ways to earn dollars is through freelancing on international platforms like Upwork, Fiverr, and Freelancer. Nigerians have made a name for themselves in fields such as web development, graphic design, content writing, and digital marketing.

How much money do I need to invest to make $5000 a month?

To generate $5,000 per month in dividends, you would need a portfolio value of approximately $1 million invested in stocks with an average dividend yield of 5%. For example, Johnson & Johnson stock currently yields 2.7% annually. $1 million invested would generate about $27,000 per year or $2,250 per month.

What small business to start with $5 000?

Starting a cleaning service company can be one of the most economical ways to make money. It's also an excellent opportunity to franchise or to take an alternative direction. For example, you could work during holidays when no other company does; you can offer services to offices or retail businesses.

What business can I start with $4000?

— Some profitable small business ideas that can be started with a budget under $4000 include producing hard candy, pouring perfume into small containers, making tartlets, creating metal parts and sculptures, and producing plastic containers.

What business is in high demand in Nigeria?

Nigeria's real estate and construction industries are thriving as the country's population grows. Housing, commercial properties, and infrastructure development remain in strong demand, creating various opportunities for real estate developers, investors, and construction firms.

Which business gives money the most in Nigeria?

The most lucrative businesses in Nigeria include agriculture, restaurants, furniture, real estate, oil and gas, haulage and logistics, car wash, and transportation. All these businesses offer great returns on investment and are perfect for the Nigerian clime.

What is the fastest growing business in Nigeria?

Cryptocurrency and fintech businesses are among Nigeria's most lucrative and fast-growing businesses. With more people adapting to digital payment systems, there is an ever-increasing demand for these services.

What is wealthy in Nigeria?

7m To Consider Yourself Rich In Nigeria – - Family - Nairaland. For a Nigerian to break into the one percent population of the wealthy, it will now take a net worth of $70,000 (N28. 7 million), according to the latest Knight Frank Wealth Report.

What business to do with 50k in Nigeria?

The best businesses to start with 50k in Nigeria include a noodle shop, a soap production outfit, a perfume oil store, a thrift shop, a cook-on-demand business, a cleaning business, an online tutoring establishment, a crochet business and a POS business.

How much money if you double a penny everyday for a month?

Frequently Asked Questions. How much money will I have if I double a penny for 30 days? At the end of 30 days, if you double a penny every day, you will have $5,368,709.12.

How much money is a penny doubled everyday for a year?

Clearly, the answer is one penny doubling in value every day for one year is worth more than $1 million. Had it been a leap year, compound interest would have doubled the value of the pennies one last time. Logan is absolutely amazed when he learns the answer, while Madison feels as smart as Albert Einstein.

How long would it take for a penny to double to a million?

This means that in just 30 days, our initial investment of one penny has turned into more than a million dollars. This example shows how the power of compounding can turn a small investment into a substantial amount over time.

What is the safest investment right now?

The Bottom Line

Safe assets such as U.S. Treasury securities, high-yield savings accounts, money market funds, and certain types of bonds and annuities offer a lower risk investment option for those prioritizing capital preservation and steady, albeit generally lower, returns.

How can I invest a small amount of money in the Philippines?

The Pag-IBIG MP2 Savings Program, offered by the Home Development Mutual Fund (Pag-IBIG Fund), is an attractive small investment option in the Philippines. It offers a higher interest rate than traditional savings accounts and is backed by the government.

How much do I need to invest to become a millionaire?

If you are starting from scratch, you will need to invest about $4,757 at the end of every month for 10 years. Suppose you already have $100,000. Then you will only need $3,390 at the end of every month to become a millionaire in 10 years.

Which business can I start with 5 million naira in Nigeria?

Restaurant/eatery: a restaurant is a great way to go when it comes to business. With 5 million naira, you can set up a middle-class restaurant in a middle-class neighborhood. Do not wait until you have 5 million to start this business. It is one that you can venture into with 1 million naira.

What can 100000 buy in Nigeria?

Food: With 100,000 Naira, you can purchase a significant amount of staple foods like rice, beans, maize, and cooking oil to feed a family for an extended period. It could also buy a variety of fruits and vegetables. Clothing: You could purchase a basic wardrobe of clothing for yourself or a family member, inclu.

Is $100 dollars a lot in Nigeria?

Isn't $100 a lot in Nigeria? If by 'a lot' you mean in nominal terms, then yes, it is a lot. It's roughly 36k in Naira.

How to make $5,000 a month in dividends?

To generate $5,000 per month in dividends, you would need a portfolio value of approximately $1 million invested in stocks with an average dividend yield of 5%. For example, Johnson & Johnson stock currently yields 2.7% annually. $1 million invested would generate about $27,000 per year or $2,250 per month.

Is $5,000 a lot to invest?

Do you think you need a lot of money to invest — like $50,000 or even $100,000? If so, think again. The reality is that you can begin investing with as little as $5,000. In fact, this is all you need to start building a nest egg that serves your future sell quite well.

You might also like
Popular posts
Latest Posts
Article information

Author: Amb. Frankie Simonis

Last Updated: 27/05/2024

Views: 5591

Rating: 4.6 / 5 (56 voted)

Reviews: 95% of readers found this page helpful

Author information

Name: Amb. Frankie Simonis

Birthday: 1998-02-19

Address: 64841 Delmar Isle, North Wiley, OR 74073

Phone: +17844167847676

Job: Forward IT Agent

Hobby: LARPing, Kitesurfing, Sewing, Digital arts, Sand art, Gardening, Dance

Introduction: My name is Amb. Frankie Simonis, I am a hilarious, enchanting, energetic, cooperative, innocent, cute, joyous person who loves writing and wants to share my knowledge and understanding with you.