Business

10 Profitable Business Ideas For Introverts

Published

7 months ago

January 7, 2024

There has been a considerable global change in recent years towards encouraging varied work patterns and entrepreneurial pursuits. This trend is not just pertinent in Nigeria but Africa as a whole.

Contrary to popular belief, introverts do not all have reserved or quiet personalities. Many have unique abilities, skills, and a strong entrepreneurial spirit. The increased predominance of business concepts targeted for introverts is one prominent facet of this entrepreneurial landscape.

There is a fast expanding entrepreneurship ecosystem in Nigeria and Africa where there is a noticeable emergence of business ideas suited for introverts who thrive in more solitary or focused work environments.

With technological improvements and the rising popularity of remote work, introverts are discovering new and interesting ways to channel their creativity, skills, and passions into lucrative businesses.

Here are some insights into several company alternatives that cater to the special attributes and interests of introverted entrepreneurs, ranging from online services and consulting to creative projects.

1. Freelance Writing Services

Introverts in Nigeria and Africa can demonstrate their writing skills through freelance writing services. Introverts can work independently by creating material for businesses, blogs, and magazines, allowing them to capitalize on their innate introspective tendencies. This concept is in line with the demand for quality written content in the digital age, providing introverts with a flexible and fulfilling career option.

2. Graphic Design Services

Introverts with an eye for design will benefit from Graphic Design Services. Introverts may navigate the visual landscape while working autonomously, providing design solutions for organizations, brands, or individuals. This business concept capitalizes on the growing importance of visual communication by allowing introverts to express themselves through digital and print design projects.

3. Online Tutoring

Are you a good teacher? Online tutoring allows introverts to share their knowledge in a virtual environment. Introverts can connect with students all around Nigeria and Africa by teaching academic courses, languages, or specialized skills. With the use of the digital education trend, you can now guide and mentor others from the comfort of your own home.

4. Software Development

Introverts can use software development to produce effective digital solutions. Introverts can contribute to Nigeria’s and Africa’s technical landscape by building applications, websites, or specialized softwares. This allows introverts to demonstrate their programming skills.

5. Blogging

Blogging can be used as a personal platform to communicate opinions, knowledge, or experiences. Introverts can establish a loyal audience and potentially monetize their blogs by creating textual or multimedia material. With this introverts with an expressive inclination can keep providing a creative outlet that can also blossom into a sustainable carreer.

6. Social Media Content Creation

Introverts can create visually appealing and visually engaging material for a variety of platforms with content creation for social media. Introverts may help organizations and individuals improve their online presence by harnessing their creativity.

7. Virtual Assistance Services

Introverts can use Virtual Assistance Services to provide critical help to businesses and entrepreneurs remotely. Introverts can offer a variety of administrative services, leveraging their organizational talents, from managing emails to organizing appointments. This fits perfectly with the growing trend of virtual workspaces, which allows introverts to thrive in supporting roles.

8. Podcasting

As an introverts, you can use podcasting to communicate your thoughts, stories, or interviews through audio content. Introverts can establish a committed audience and potentially monetize their programs by generating compelling podcasts. This business concept is in line with the growing popularity of audio content consumption, providing introverts and everyone in general with a creative outlet in the world of podcasting .

9. SEO Consultation

Introverts with a knack for search engine optimization can help organizations improve their online visibility through SEO consulting. Introverts may help firms in Nigeria and Africa succeed digitally by offering strategic advice and services. There is a growing relevance of SEO in today’s competitive internet marketplace.

10. Interior Design Consultancy

Interior Design Consultancy provides introverts with a talent for design with the opportunity to provide expert guidance on building visually beautiful and useful places. Introverts can cater to consumers looking for personalized interior solutions by providing virtual consultations and design plans. There is a growing relevance of well-designed rooms and the increased need for virtual interior design services.

Introverts have a wealth of opportunities for using their distinct abilities and preferences, ranging from internet services and virtual consultancy to creative ventures and sustainable companies.

The expanding business ecosystem in Nigeria recognizes the value introverted people bring to the table, creating a welcoming environment for their entrepreneurial endeavours.

Business

JUST IN: CBN Raises Interest Rate to 26.75% Amid Surging Inflation

Published

3 days ago

July 23, 2024

Editor

The Central Bank of Nigeria, CBN, Monetary Policy Committee, MPC, on Tuesday raised the interest by 50 basis points to 26.75 per cent from 26.25 per cent in May 2024.

CBN governor, Olayemi Cardoso, announced this at a press briefing on Tuesday at the end of the two-day 296th MPC in Abuja.

According to him, the decision to further increase the interest rate is to tackle the country’s rising core inflation and food inflation which stood at 34.19 per cent and 40.87 per cent, respectively in June.

READ ALSO: JUST IN: 58 Countries Back Okonjo-Iweala For Second Term As WTO DG
He said members of the MPC are not oblivious of the need to address the rising prices of food in Nigeria, necessitating the interest rate hike.

DAILY POST reports that the implication of the interest rate hike is that businesses, farmers, manufacturers and investors will have to pay more to get loans from banks.

The 296th MPC meeting is the fourth time the interest rate has been increased since the appointment of Cardoso in September last year.

Recall that in May 2023, when President Bola Tinubu was inaugurated, Nigeria’s interest rate stood at 18.75 per cent while inflation rate stood at 22.41 per cent.

Meanwhile, despite CBN’s continued interest rate hikes, the country’s inflation has not cooled off.

Earlier analysts had called for a pause in the hike of the interest rate.

The Director of the Centre for Promotion of Private Enterprise, Muda Yusuf, backed call for a pause in the hike of the interest rate.

According to him, the monetary instruments have been overstretched, hence not productive.

“I think we have overstretched monetary instruments because of inflation. They should put a pause on interest rate hikes,” he said.

Business

CAC To Cancel Certificates Of BDCs With Revoked Licences

Published

2 weeks ago

July 11, 2024

Editor

The Corporate Affairs Commission (CAC) has said it would cancel the certificates of incorporation of Bureaux De Change(BCDs) whose licences have been revoked by the Central Bank of Nigeria( CBN).

The Nation reported in February the CBN revoked the licences of 4,173 Bureau De Change operators over their failure to meet regulatory guidelines.

In a statement by its acting Director, Corporate Communications, Sidi Hakama, CBN explained that the regulatory provisions flouted include nonpayment of all necessary fees within the stipulated period.

CBN said: “The affected institutions failed to observe at least one of the following regulatory provisions: Payment of all necessary fees, including licence renewal, within the stipulated period in line with the guidelines.

“Rendition of returns in line with the guidelines; compliance with guidelines, directives, and circulars of the CBN, particularly Anti-Money Laundering, Countering the Financing of Terrorism and Counter-Proliferation Financing regulations.”

However, in line with the above directive by the CBN, the CAC in a notice on its website on Wednesday, said the certificates would be cancelled within three months if the affected companies do not change the names and objects of such companies.

“The general public is hereby informed that following the revocation of the operational licenses of 4,173 Bureau De Change companies by the Central Bank of Nigeria vide a Federal Republic of Nigeria Official Gazette (Vol. 111) No. 37 of February 27, 2024 for noncompliance with Regulatory Standards, the Corporate Affairs Commission in the exercise of its powers under section 8(1)(e) of the Companies and Allied Matters Act, 2020 advises these companies to within three months from the date of this publication, change the names and objects of such companies.

“Failure to change the names and objects within the stipulated time frame shall result in cancellation of certificate of incorporation and dissolution. It is to be noted that it is unlawful for a company whose certificate has been deemed dissolved to carry on business,” the CAC notice reads.

Business

FG Suspends Taxes On Maize, Wheat, Rice, Others

Published

3 weeks ago

July 8, 2024

Editor

The Federal Government has suspended duties, tariffs and taxes on some essential food items imported through land and sea borders.

Minister of Agriculture and Food Security, Abubakar Kyari, announced this at the National Press Centre, Abuja.

Kyari also said the Federal Government has also inaugurated the Renewed Hope National Livestock Transformation Implementation Committee to develop and implement policies that prioritize livestock development and align with the National Livestock Transformation Plan.

He stated that the listed food items, which include maize, wheat, husked brown rice and cowpeas, will enjoy a 150-day Duty-Free Import Window.

He added that the move is part of the Presidential Accelerated Stabilization and Advancement Plan, which is aimed at achieving food security and economic stability in the country.

According to him: “The Federal Government has announced a 150-day Duty-Free Import Window for Food Commodities, suspension of duties, tariffs and taxes for the importation of certain food commodities (through land and sea borders). These commodities include maize, husked brown rice, wheat and cowpeas.

“Under this arrangement, imported food commodities will be subjected to a Recommended Retail Price (RRP).

“I am glad to reiterate that the Government’s position exemplifies standards that would not compromise the safety of the various food items for consumption.

“In addition to the importation by the private sector, the Federal Government will import 250,000MT of wheat and 250,000MT of maize. The imported food commodities in their semi-processed state will target supplies to the small-scale processors and millers across the country.”