Business

10 Profitable Business Ideas For Introverts

Published

4 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

CAC Opens Centre For Registration Of PoS Operators

Published

5 days ago

May 9, 2024

Editor

The Corporate Affairs Commission has inaugurated a centre for bulk registration of Point of Sale operators in its database.

The CAC Registrar-General, Hussaini Magaji, said this while inaugurating the centre stationed at its Federal Capital Territory Office in Abuja on Wednesday.

According to Magaji, the importance of registering the PoS operators in the commission’s database cannot be over emphasised.

He said the centre was well equipped with all the necessary facilities to operate 24 hours a day and ensure the commission’s achievement of its purpose.

“What we did was accommodate the request from the Fintechs.

“We have allowed them to integrate with the Corporate Affairs Commission; they have developed their structure, and we gave them access.

“Once they supply the necessary details for registration on their platform, the certificate is generally generated and transmitted directly to their platform without them having to contact anyone.

“We have done this to ensure that everyone gets it easy without hitches, but if they choose to apply manually, we have a secretariat open for them to do so,” he stated.

Recall that the Federal Government through the CAC on Tuesday issued a two-month registration deadline to Point of Sales companies, to register their agents, merchants, and individuals with the commission in line with legal requirements and the directives of the Central Bank of Nigeria.

Meanwhile, at the event, the registrar-general reiterated that the centre would be opened to all operators in the fintech industry who voluntarily submitted their agents and merchants for regularisation with the CAC.

Magaji said that the registration was in line with President Bola Tinubu’s desire to ensure financial inclusion for the youth and strengthen the fight against fraud, finance and other crimes in the country.

He further expressed his resolve to ensure compliance with the provisions of Section 863 (1) of the Companies and Allied Matters, CAMA 2020, and the CBN guidelines for Agent Banking, 2013.

On security, the CAC boss said that if a crime were committed using the PoS, the government would easily trace the perpetrators to the CAC data platform if such machines were registered.

“If an incident happens and they report it to CAC, if we do not have the operator’s details, we cannot respond, and that is the essence of this registration.

“The registration ensures that every detail of the person is provided, including NIN, passport photograph and all other useful documents.

“And it is an opportunity for more people to be captured into the formal sector,” he said.

The News Agency of Nigeria reports that the Special Adviser to the President on ICT Development and Innovation, Tokoni Peter attended the event.

The event was attended by Dr Salihu Dasuki, the Special Adviser to the President on ICT Policy Office, the PoS operators, and other stakeholders.

(NAN)

Business

FULL LIST: CBN Publishes List Of Licensed Deposit Money Banks

Published

5 days ago

May 8, 2024

Editor

The Central Bank of Nigeria has released a comprehensive list of licensed Deposit Money Banks operating within the country.

The list, which was made public on the CBN’s official website on Tuesday, provides insights into the banking landscape in Nigeria.

Banks with international authorisation include Access Bank Limited, Fidelity Bank Plc, First City Monument Bank Limited, First Bank Nigeria Limited, Guaranty Trust Bank Limited, United Bank of Africa Plc, and Zenith Bank Plc.

Commercial banks with national authorisation include Citibank Nigeria Limited, Ecobank Nigeria Limited, Heritage Bank Plc, Globus Bank Limited, Keystone Bank Limited, Polaris Bank Limited, Stanbic IBTC Bank Limited, Standard Chartered Bank Limited, Sterling Bank Limited, Titan Trust Bank Limited, Union Bank of Nigeria Plc, Unity Bank Plc, Wema Bank Plc, Premium Trust Bank Limited and Optimus Bank Limited.

Commercial banks with regional licenses are Providus Bank Limited, Parallex Bank Limited, Suntrust Bank Nigeria Limited, and Signature Bank Limited.

Players in the non-interest banking sector with national authorisation include Jaiz Bank Plc, Taj Bank Limited, Lotus Bank Limited, and Alternative Bank Limited.

In the merchant banking category, the apex banks listed, are Coronation Merchant Bank Limited, FBN Merchant Bank Limited, FSDH Merchant Bank Limited, Greenwich Merchant Bank Limited, Nova Merchant Bank Limited, and Rand Merchant Bank Limited.

The financial holding companies listed were Access Holdings Plc, FBN Holdings Plc, FCMB Group Plc, FSDH Holding Company Limited, Guaranty Trust Holding Company Plc, Stanbic IBTC Holdings Plc, and Sterling Financial Holdings Limited.

The Mauritius Commercial Bank Representative Office (Nigeria) Limited was listed as the sole representative office.

Business

[ICYMI]FULL LIST: 16 Banking Transactions Exempted From CBN’s New

Published

7 days ago

May 7, 2024

Editor

The Central Bank of Nigeria on Monday directed all banks to commence charging a 0.5 per cent cybersecurity levy on all electronic transactions within the country.

The apex bank stated this in a circular signed by the Director, Payments System Management Department, Chibuzo Efobi; and the Director, Financial Policy and Regulation Department, Haruna Mustafa; a copy of which was obtained by The PUNCH.

The circular, which was directed to all commercial, merchant, non-interest, and payment service banks, among others; noted that the implementation of the levy would start two weeks from Monday, May 6, 2024.

“The levy shall be applied at the point of electronic transfer origination, then deducted and remitted by the financial institution. The deducted amount shall be reflected in the customer’s account with the narration, ‘Cybersecurity Levy,’” the circular partly read.

In this piece, The PUNCH highlights all the 16 banking transactions that are exempted from the CBN’s new cybersecurity levy:

Loan disbursements and repayments
Salary payments
Intra-account transfers within the same bank or between different banks for the same customer
Intra-bank transfers between customers of the same bank
Other Financial Institutions instructions to their correspondent banks
Interbank placements,
Banks’ transfers to CBN and vice-versa
Inter-branch transfers within a bank
Cheque clearing and settlements
Letters of Credits

Banks’ recapitalisation-related funding – only bulk funds movement from collection accounts
Savings and deposits, including transactions involving long-term investments such as Treasury Bills, Bonds, and Commercial Papers.
Government Social Welfare Programmes transactions e.g. Pension payments
Non-profit and charitable transactions, including donations to registered non-profit organisations or charities
Educational institutions’ transactions, including tuition payments and other transactions involving schools, universities, or other educational institutions
Transactions involving bank’s internal accounts such as suspense accounts, clearing accounts, profit and loss accounts, inter-branch accounts, reserve accounts, nostro and vostro accounts, and escrow accounts.