NewStats: 3,264,690 , 8,184,423 topics. Date: Thursday, 12 June 2025 at 04:34 AM 2v4j4c

victor175:

Morning. I sell directly at Alaba myself. But the demand for the light is high so it will always sell. Selling wholesale is if I have container load and I don’t bring such quantity yet. Even big quantity of light will sell fast, I know wholesalers in the market that buy hundreds of carton at once and other shop owners will buy from you as long as your price is not above market price. I cannot guarantee the time it will take for all the goods to sell but even big quantities sell out in 3-4 months max. As for you, you don’t have to be in shop all day. You can bring the goods and store in a warehouse then we inside Alaba will do the marketing and sale and supply direct from warehouse. Construction materials and light will always be in demand.
Another business I’ve done I can recommend is buy groundnut oil during harvest season (April-May-Jun) and sell in December when price might’ve done 2X. I have other business but these are the ones I’m willing to share here

Thanks for the response

Quick one…. price-wise, when you say wholesaler, what kind of quantity or price range are we really talking about here ? Just want to understand the scale

And that groundnut oil angle got me thinking…. honestly I always thought the price of oil was kind of steady, maybe small ups and downs, but not like double. So I’m kind of curious

AmgAmg:


I’m very much interested & Thanks for the idea …. sounds more like something that could work if done properly well. But before I take any steps, I’d need more details like:

How much the properties cost ?
What renovation budget we’re looking at ?
Expected daily income based on similar properties in the area and Proof that the area has high shortlet demand ?

I like to treat things as a full business, not just “buy and hope it works.” So if you can help with real numbers and maybe case studies from similar projects, then we can talk more.

Cost of property (built up or bare land) depends on your choice location. However,considering the business idea, ideal locations such as Ikeja GRA, Surulere,Gbagada,Lekki,Ikoyi and V/Island would range between N50m to N200m for Outright purchase and between N20m to N80m for long lease.

Thereafter, renovations or possible remodelling of the property (if the property is on long lease, as stated on your lease agreement) including furnishing and provision of amenities might cost you N8m to N10m (or even less,provided you are working with professionals and its directly supervised by you or your confidant).

Finally,you run your adverts and start your shortletting. Locations and available facilities determine the rates per day. Certain location costs within N100 000 to N250,000 per day. Most celebrities, nollywood professionals, patronise this property type a lot. Most guys on short visit from their base abroad are also on client list,likewise gen-z folks that rent such properties for their house parties.

Another real estate investment opportunity is LAND BANKING. Where you sign an agreement with the real estate company and invest an amount ranging from N100,000 and up to billions for 12months,18months or 24months period and you get within 40% to 100% (depending on the amount and tenure) of your invested capital paid to you at the expiratory of your contractual agreement. This is a business option that have been operating for almost 10 years successfully. Once interested you visit the office, make your investment and get the following documents issued to you instantly:'
1. Receipt for invested amount, acknowledging your payment.
2. Contract of sale document binding on the client and the real estate company.
3. Post dated cheque authorising you to cash your full payment ( capital + % profit) on the day of contract expiration directly into your bank without any need visiting the office.

Our major investors are those Ladipo and Ojo Alaba business men and women, likewise some corporate clients who use the medium to secure their yearly annual rent by investing in the 12months package.

I'm reachable via WhatsApp in case you want to reach faster. Please I don't attend to any GET-RICH-QUICK topic.
I'm a realtor by profession along some other legit businesses I do on the side. I don't believe in fast money.
Apologies for my late reply, I rarely visit Nairaland due to busy schedule especially on other online fora.

Have a great week ahead.

AmgAmg:



Thanks for the response

Quick one…. price-wise, when you say wholesaler, what kind of quantity or price range are we really talking about here ? Just want to understand the scale

And that groundnut oil angle got me thinking…. honestly I always thought the price of oil was kind of steady, maybe small ups and downs, but not like double. So I’m kind of curious

Your question is not clear to me. If you mean the number of quantity to bring in as a wholesaler, it can be 5000-10,000 cartons of light. Other wholesalers in Alaba can buy 500-1000 cartons from you at once and it will be going small small. The price range is 50 RMB per 1 carton x 5000 cartons. Profit is 3-4k per carton x 5000.

For oil, it might not do 100% but close, just depends on available supply, demand and weather. Last year, 1 keg bought for 40+k and went as high as 70+k in November. I’m talking of 25 litre gallon

Tohsynetita1:

Probably you don’t understand me because
1)you don’t know the product I am talking about so it might be hard to believe,
2) You don’t know how social media ads works.
3) You think we will run ads and start awareness after getting the goods, Note if you are using sea to buy something from China, it takes 2 months at least before the goods will get to Nigeria, so, why won’t 2 months be enough to see big buyers, especially if you live in Lagos. I stated Lagos because it’s Lagos that Nigeria sea port is located, so goods will be brought there bulk and send to other states.
But, I think have done my best in explaining, and I can’t do more than that.
Wish you good luck in your findings

Why not just mention the name of this item? If demand is as you say it is and market saturation isn't there yet, then if all goes well you should make your profit from the business before others the bandwagon. My own opinion though.

AmgAmg:


Where can I reach you privately,, so we can discuss further … I will be back in Lagos in about a month from now

And another thing …. make I ask you straight, and I need you to be real with me ….

You really sure say this thing go work like that?
I mean the s aspect …. are you 100% sure we go get the buyers?
Not just “I believe” or “it should,” I mean sure sure, like you fit beat chest on it?

Because I no wan enter once chance with big money tied down.
And more importantly …. 10 million no be 500k, and it definitely no be 20 million too.
You get what I’m saying?

Buying small quantity and selling it off is different from handling a whole container of large stock. So I just want make we reason am well …. you really believe say we go move that kind volume without wahala?

Sign deals and contracts oh. Get a lawyer and document all dealings before money leaves your . VERY IMPORTANT!

Trippledots:


Why not just mention the name of this item? If demand is as you say it is and market saturation isn't there yet, then if all goes well you should make your profit from the business before others the bandwagon. My own opinion though.

I can’t mention the name here, I know the stress I ed through before getting a product. If you are not interested, it’s not a must.

Trippledots:


Sign deals and contracts oh. Get a lawyer and document all dealings before money leaves your . VERY IMPORTANT!

No problem with that, I am ready.

AmgAmg:
I recently received an inheritance and now have over ₦150-million just sitting here, doing nothing. I need solid advice on how best to invest this money. I’m looking for a moderate to high-yield investment that won’t be affected by the depreciation of the naira.

Let’s be real ….. we’ve all seen how bad the naira has devalued over the years. The last thing I want is to put my money into something, only to wake up in a few years and realize its value has been slashed into half. You know what I mean. Even if the business is in naira, it has to be highly profitable so that currency depreciation won’t eat away it.

I don’t want meaningless or negative suggestions…. only serious, well-thought-out opinions . I’m open to meeting up as well….. to discuss solid business ideas, and trust me, a handsome reward awaits whoever brings the best proposal.

That said, let me be clear:
I have the Commissioner of Police and EFCC on speed dial. If anyone thinks this is an opportunity for a scam, just know that any fraudulent attempt will be dealt with the full extent of the law.

If you have a genuine, profitable, and well-researched idea, let’s talk.

Bro, I stumbled on your thread purely by happenstance and I'll just drop few opinions of mine:

1. For business opportunities, please be careful of people who can not openly share what they do and who don't have good, visible track record of their successes and FAILURES.

2. There is no such thing as risk free business that stands the test of time.

3. Don't invest all your money at once. Always start small.

4. Enjoy a bit of your inheritance, na wetin you chop you be your own last last.

3. Some persons above mentioned real Estate, and to me that's the best investment i'ld suggest too. Take for example,

A. my inlaw got a land in asaba around mud last year for about 3m. Currently the land sells for around 5-6m

B. Last week, I went out with my landlady (she's a grandma and a true mother)to check some lands around atan side, we entered from agbara. Land that I was told about 3years ago sold for 600k-800k now sells for minimum of #3m and fast rising. Take note that the road from agbara to atan is under construction and access to the area is smooth.

The one my landlady took me to see personally, she said some years back it was bush and he just a foot path, now cars can go in and out and although to me it looked bushy, and I hear she said the place has opened up greatly and she is not willing to sell ger land.

C. My landlady confided in me that her husband who already owns a couple of properties in Lagos and the east is into land purchase and resell. He bought a plot for 7m last year and sold it in January this year for 11m in the East.


In conclusion, my advice is to look for areas where there are signs of development coming, buy some acres of lands and fence them out. In about a year or two you should start selling out with profit. Just build a fence round and secure the place. I won't advise you buy from all these estates that developers package and ; Just start asking from some landlords you know and please involve a land lawyer from the get go to be safe.

Be wise how you invest your money abeg.

Good luck.

Tohsynetita1:

I can’t mention the name here, I know the stress I ed through before getting a product. If you are not interested, it’s not a must.

Ok.

AmgAmg:


It’s a good idea, but in Nigeria, if a business isn’t pulling at least 40% profit annually , it’s not sustainable, especially with how fast the naira is losing value.

Instead of that, I’d rather put my money in dollars… at least that way , I’d retain its worth, while still earning some yearly returns

You are not a serious fellow, you can't eat your cake and have it.
Looking for higher gains equals higher risk.
Compound 20% for 5years. But no you dey find 40%. No worry person must eventually scam you, and worst to happen be say the person go sleep jail but that your money go don vanish.

gagzee:

You are not a serious fellow, you can't eat your cake and have it.
Looking for higher gains equals higher risk.
Compound 20% for 5years. But no you dey find 40%. No worry person must eventually scam you, and worst to happen be say the person go sleep jail but that your money go don vanish.

You must be either blind, or an illiterate, or just a rabid dog on the loose

AmgAmg:



You must be either blind, or an illiterate, or just a rabid dog on the loose

No worry, dey speak English, didirin. Shebi na you come public forum come seek advice. Ewu Gambia!
I pray make person barb your head so you go wise, as you no know where to go seek financial advice, ODE!

victor175:

Your question is not clear to me. If you mean the number of quantity to bring in as a wholesaler, it can be 5000-10,000 cartons of light. Other wholesalers in Alaba can buy 500-1000 cartons from you at once and it will be going small small. The price range is 50 RMB per 1 carton x 5000 cartons. Profit is 3-4k per carton x 5000.

For oil, it might not do 100% but close, just depends on available supply, demand and weather. Last year, 1 keg bought for 40+k and went as high as 70+k in November. I’m talking of 25 litre gallon

Thank you so much for the well detailed response. I really appreciate you taking the time to share all this.. it’s been super helpful, not just to me, but to a lot of people as well. I can see from the views on my post that many are following and learning from what you shared too

Just to clarify though, the 50 RMB per carton you mentioned, does that already include shipping, clearing, and other logistical cost ? I ask because 50 RMB is around ₦11,000 and by the time we factor in shipping and clearing, the total cost might be closer to ₦12k -13k per carton. So I’m just trying to understand how the ₦3k–₦4k profit works out …. unless I’m missing something here . Just want to be sure I’m calculating right. Thanks

gagzee:

No worry, dey speak English, didirin. Shebi na you come public forum come seek advice. Ewu Gambia!
I pray make person barb your head so you go wise, as you no know where to go seek financial advice, ODE!

Who let this brain-dead, word-vomiting donkey near a keyboard? ….

AmgAmg:



Thanks bro, this really helped me understand things a lot better. I can see you’ve done your research and put in serious effort in it

But I have to be honest with you…. one big thing I noticed lagging : is the distribution part of the business . That side is not clear at all.

You explained the product well and showed that there’s demand. But without a clear plan for how well we can sell it, the business is not complete.

Saying things like “we’ll run ads” or “meet big stores” ….. bro, that sounds more like a guess work than a real plan. Same thing with “we can finish 500k in a week if we create awareness” …. that sounds like hope, not facts.

I’m not trying to kill the idea at all …. I actually like it. But if I’m putting big money into this, I need to be sure there’s a solid way to move the product.

Because even the best product will just sit down,
and tie money down, if we don’t have strong distribution channels….. And that’s not business

The moment you see this
"especially if you run social media ads, meet big stores in Lagos, Abuja, port harcourt, If you buy 500k pieces or less which I suggest you start with, it can’t be enough for Ibadan students alone( Primary, Secondary students) let alone houses /Families in Ibadan, now think of Lagos and other states."

Just know the guy is working on theory and need your fund for practical.

AmgAmg:



I’m very much interested & Thanks for the idea …. sounds more like something that could work if done properly well. But before I take any steps, I’d need more details like:

How much the properties cost ?
What renovation budget we’re looking at ?
Expected daily income based on similar properties in the area and Proof that the area has high shortlet demand ?

I like to treat things as a full business, not just “buy and hope it works.” So if you can help with real numbers and maybe case studies from similar projects, then we can talk more.

Bro, buy a house in places like Ogba in Lagos and put it for yearly rent or shortlet. For that 150m, am very sure there’s a house around that side you can buy less than that amount and be earning 10m naira monthly atleast. You can now use that yearly rent to venture into whatever useless business these nairaland peeps recommend. Atleast you know if you lose it, another money is coming to you from the real estate the following year. So, u never go broke again for life.

gagzee:

You are not a serious fellow, you can't eat your cake and have it.
Looking for higher gains equals higher risk.
Compound 20% for 5years. But no you dey find 40%. No worry person must eventually scam you, and worst to happen be say the person go sleep jail but that your money go don vanish.

His Opinion is very valid. In that one year, either naira will depreciate further or price of goods will increase. This is Nigeria, and in Nigeria and anywhere in the world, purchasing power of any currency of any country decreases yearly in that country. So putting that money just to get 20% is a waste, you might not understand

alphabbey1:

The moment you see this
"especially if you run social media ads, meet big stores in Lagos, Abuja, port harcourt, If you buy 500k pieces or less which I suggest you start with, it can’t be enough for Ibadan students alone( Primary, Secondary students) let alone houses /Families in Ibadan, now think of Lagos and other states."

Just know the guy is working on theory and need your fund for practical.
This is not a theory, this is what have done before and it worked.

alphabbey1:

The moment you see this
"especially if you run social media ads, meet big stores in Lagos, Abuja, port harcourt, If you buy 500k pieces or less which I suggest you start with, it can’t be enough for Ibadan students alone( Primary, Secondary students) let alone houses /Families in Ibadan, now think of Lagos and other states."

Just know the guy is working on theory and need your fund for practical.

This is not a theory, it’s what have done before and it worked, I think you saw where I wrote I still met stores last year in Ibadan while I want to sell iron sponge. Which were not even sufficient.

Don't start a business you do not have 90% experience of.

First, You must have interest in a particular business. Note the business.

Next, find someone who has been very successful in the business.

Then volunteer to work for the person. The person might pay something you eventually.

During the period of volunteering, you will get to know the nitty gritty of the business . You will have first hand experience of starting, managing and sustaining the business.

Take care. Best of success

alphabbey1:

His Opinion is very valid. In that one year, either naira will depreciate further or price of goods will increase. This is Nigeria, and in Nigeria and anywhere in the world, purchasing power of any currency of any country decreases yearly in that country. So putting that money just to get 20% is a waste, you might not understand

I get you. But you also understand that high ROI means high exposure to risk.
The trick in investment is in the compound interest, plus the security and liquidity of that investment.
Looking for high returns up and down equals vanishing of that money.

AmgAmg:



Who let this brain-dead, word-vomiting donkey near a keyboard? ….

I dey guarantee you say you go eventually cry sey... dey nairaland dey find opinion up and down.
Everything dey always sweet for paper till you put money, body go tell you.
Continue dey speak English.

gagzee:

I dey guarantee you say you go eventually cry sey... dey nairaland dey find opinion up and down.
Everything dey always sweet for paper till you put money, body go tell you.
Continue dey speak English.

You been running your mouth non-stop , like a rabid sewer rat with a keyboard …..

Did your mother drop you on your head as a child,

or were you just the nut she was too lazy to spit out ?

Tohsynetita1:
This is not a theory, it’s what have done before and it worked, I think you saw where I wrote I still met stores last year in Ibadan while I want to sell iron sponge. Which were not even sufficient.

Nope. What you want him to do is to buy with his money, you get profit, then he's left with hawking it both on the street and internet. Check my profile, am a procurement agent; a bit versatile in all these buying and selling stuff; and that's not what OP wants.

Tohsynetita1:
This is not a theory, it’s what have done before and it worked, I think you saw where I wrote I still met stores last year in Ibadan while I want to sell iron sponge. Which were not even sufficient.

"It's what have done before and it worked" so care to explain why you stopped? If you come with the "my fund is not enough stuff", then you never did it in the first place and yes, that's a theory.

chiste1:


Cost of property (built up or bare land) depends on your choice location. However,considering the business idea, ideal locations such as Ikeja GRA, Surulere,Gbagada,Lekki,Ikoyi and V/Island would range between N50m to N200m for Outright purchase and between N20m to N80m for long lease.

Thereafter, renovations or possible remodelling of the property (if the property is on long lease, as stated on your lease agreement) including furnishing and provision of amenities might cost you N8m to N10m (or even less,provided you are working with professionals and its directly supervised by you or your confidant).

Finally,you run your adverts and start your shortletting. Locations and available facilities determine the rates per day. Certain location costs within N100 000 to N250,000 per day. Most celebrities, nollywood professionals, patronise this property type a lot. Most guys on short visit from their base abroad are also on client list,likewise gen-z folks that rent such properties for their house parties.

Another real estate investment opportunity is LAND BANKING. Where you sign an agreement with the real estate company and invest an amount ranging from N100,000 and up to billions for 12months,18months or 24months period and you get within 40% to 100% (depending on the amount and tenure) of your invested capital paid to you at the expiratory of your contractual agreement. This is a business option that have been operating for almost 10 years successfully. Once interested you visit the office, make your investment and get the following documents issued to you instantly:'
1. Receipt for invested amount, acknowledging your payment.
2. Contract of sale document binding on the client and the real estate company.
3. Post dated cheque authorising you to cash your full payment ( capital + % profit) on the day of contract expiration directly into your bank without any need visiting the office.

Our major investors are those Ladipo and Ojo Alaba business men and women, likewise some corporate clients who use the medium to secure their yearly annual rent by investing in the 12months package.

I'm reachable via WhatsApp in case you want to reach faster. Please I don't attend to any GET-RICH-QUICK topic.
I'm a realtor by profession along some other legit businesses I do on the side. I don't believe in fast money.
Apologies for my late reply, I rarely visit Nairaland due to busy schedule especially on other online fora.

Have a great week ahead.

thanks so much for sharing this. It definitely sounds interesting. Just a few quick questions I’d love to get clarity on land banking :

1. What’s the full name of your company, and are you ed with the CAC?
2. You mentioned this plan has been running for almost 10 years… could you kindly share proof of past payouts or completed projects? And would it be possible to speak with one or two previous investors?
3. last but not the least , What documents do I receive upon investing? Are they legally binding?
In the event the company is unable to pay at maturity, is there any legal backing… such as a court-enforceable clause or agreement … that protects the investor?

alphabbey1:

"It's what have done before and it worked" so care to explain why you stopped? If you come with the "my fund is not enough stuff", then you never did it in the first place and yes, that's a theory.

Alaye you no dey read or you have low comprehension, did I say I stopped, I said this particular product, I can’t buy it because of high Moq, my money doesn’t reach the Moq, I still bought something last month now.

AmgAmg:



You been running your mouth non-stop , like a rabid sewer rat with a keyboard …..

Did your mother drop you on your head as a child,

or were you just the nut she was too lazy to spit out ?

Nah.. Na because your mama na my side bitch na why I dey pity you. If not that she fvcks me well, I no really send your papa.

I will like to share a unique, profitable business idea that hasn’t been mentioned yet.
Executive car rentals, specifically focused on high-end SUVs like the Toyota Land Cruiser Prado and Toyota Land Cruiser.

This is a business I’ve been involved in for a while now, and it’s proven to be both lucrative and sustainable, especially when targeted at corporate clients, VIPs, and high-net-worth individuals who require top-tier concierge services.

Now here’s the twist that makes this investment more efficient:
Instead of purchasing brand-new or locally used vehicles—which can be extremely expensive—we’d acquire older models of these cars and upgrade them to the latest versions. I have a trusted link to a reputable company that specializes in professional car upgrades and bodywork conversions. The result is a high-end executive vehicle that looks and feels like new but at a fraction of the cost.

Breakdown:

Cost of acquiring and upgrading one unit: approx. ₦15 million

I propose we start with just one vehicle to test the waters.

I’ll manage the full concierge and rental service end-to-end.

I’ll handle all maintenance and running costs.

You get a guaranteed ₦1 million monthly return from the first month.


If it works well, we can scale from there. I’d be happy to provide more details and even show you a sample upgraded vehicle if you're interested.

Let me know what you think.

AmgAmg:
I recently received an inheritance and now have over ₦150-million just sitting here, doing nothing. I need solid advice on how best to invest this money. I’m looking for a moderate to high-yield investment that won’t be affected by the depreciation of the naira.

Let’s be real ….. we’ve all seen how bad the naira has devalued over the years. The last thing I want is to put my money into something, only to wake up in a few years and realize its value has been slashed into half. You know what I mean. Even if the business is in naira, it has to be highly profitable so that currency depreciation won’t eat away it.

I don’t want meaningless or negative suggestions…. only serious, well-thought-out opinions . I’m open to meeting up as well….. to discuss solid business ideas, and trust me, a handsome reward awaits whoever brings the best proposal.

That said, let me be clear:
I have the Commissioner of Police and EFCC on speed dial. If anyone thinks this is an opportunity for a scam, just know that any fraudulent attempt will be dealt with the full extent of the law.

If you have a genuine, profitable, and well-researched idea, let’s talk.

I will like to share a unique, profitable business idea that hasn’t been mentioned yet.
Executive car rentals, specifically focused on high-end SUVs like the Toyota Land Cruiser Prado and Toyota Land Cruiser.

This is a business I’ve been involved in for a while now, and it’s proven to be both lucrative and sustainable, especially when targeted at corporate clients, VIPs, and high-net-worth individuals who require top-tier concierge services.

Now here’s the twist that makes this investment more efficient:
Instead of purchasing brand-new or locally used vehicles—which can be extremely expensive—we’d acquire older models of these cars and upgrade them to the latest versions. I have a trusted link to a reputable company that specializes in professional car upgrades and bodywork conversions. The result is a high-end executive vehicle that looks and feels like new but at a fraction of the cost.

Breakdown:

Cost of acquiring and upgrading one unit: approx. ₦15 million

I propose we start with just one vehicle to test the waters.

I’ll manage the full concierge and rental service end-to-end.

I’ll handle all maintenance and running costs.

You get a guaranteed ₦1 million monthly return from the first month.


If it works well, we can scale from there. I’d be happy to provide more details and even show you a sample upgraded vehicle if you're interested.

Let me know what you think.

Tohsynetita1:

Alaye you no dey read or you have low comprehension, did I say I stopped, I said this particular product, I can’t buy it because of high Moq, my money doesn’t reach the Moq, I still bought something last month now.

Oh! So you've never done it! still sounds like theory to me.

alphabbey1:

Oh! So you've never done it! still sounds like theory to me.

I know your type, no problem, keep ranting.