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Samsung Galaxy S23 FE, Galaxy Tab S9 FE And Galaxy Buds FE Bring Standout Galaxy Features

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Samsung Galaxy Brings Standout Galaxy Features | Fab.ng

Samsung Electronics Co., Ltd. has announced the latest FE series addition to the Samsung Galaxy ecosystem – the new Galaxy S23 FE, Galaxy Tab S9 FE and S9 FE+, and Galaxy Buds FE.

Known for their iconic and durable designs, advanced performance, cutting-edge camera and audio capabilities, and so much more, these are the most epic FE devices yet. For those who want to experience Galaxy flagship devices for the first time, the new FE devices are the perfect entry point. 

Samsung Galaxy Brings Standout Galaxy Features | fab.ng

L-R Chika Nnadozie (Head, Marketing and PR Samsung West Africa), Joy Tim- Ayoola (MX Group Head, Samsung West Africa), Okwara Stephen (Product Manager, MX)

Charlie Lee, Managing Director, Samsung Nigeria, said,

“At Samsung, we are committed to bringing world-class innovation to everyone through epic mobile experiences that fit their lifestyle.”

Our new FE devices are packed with crowd-pleasing premium capabilities that, on their own or as part of a connected ecosystem, let Galaxy users maximise their creativity and productivity.”

Galaxy S23 FE: The Galaxy S Series’ Iconic Design, Pro-Grade Camera and Smooth Gaming Performance are Designed to Elevate Your Everyday

Galaxy S23 FE stays true to the iconic S series design with its new floating camera and premium finish protected with IP68 water and dust resistance for an even sleeker display.

Plus, it features recycled materials and packaging, packing a punch with durability, functionality, and sustainability. Offered in new, vibrant colours, Galaxy S23 FE allows users to select the device colour that best fits their style. 

Everyday moments come to life on Galaxy S23 FE with pro-grade camera features to help you capture amazing photos and videos. See sharp details in every scene with a 50MP high-resolution lens, and 3X optical zoom.

After dark, Nightography on Galaxy S23 FE lets you take clear selfies and portraits in lifelike colours. With advanced digital image stabilisation (VDIS), take steady shots on the go using the rear camera with an optical image stabiliser (OIS) angle.

When it comes to creating perfectly sharable content, Galaxy S23 FE is an editing studio on the go. In Pro Mode, controls for shutter speed, aperture, ISO, and more can be manually adjusted to your preferences.

Samsung Galaxy Brings Standout Galaxy Features | fab.ng

Capture customised shots with the Camera Assistant app and choose which automated features to use for a fully customised shooting experience. With the freedom to create and customise, the Galaxy S23 FE camera has AI-powered editing tools to help elevate your creations. 

For gaming and streaming, Galaxy S23 FE’s powerful processor makes every action rapid and fluid with a vapour chamber that helps to control heat and sustain performance. The long-lasting 4,500mAh battery intuitively adjusts to conserve energy, charging up to 50 per cent in just 30 minutes with a 25W Adapter.

All this power comes to life on a bright, super-smooth 6.4-inch Dynamic AMOLED 2X display. Based on your surroundings, Vision Booster technology on Galaxy S23 FE automatically detects bright lighting conditions, keeping the screen vivid just like flagship models. 

The Galaxy S23 FE series is available from N613,000 in modern, bold colours, including Mint, Cream, Graphite, and Purple. 

Galaxy Tab S9 FE and Tab S9 FE+: Large Screen Viewing, IP68 Durability, and S Pen Boost Possibilities for Creativity and Productivity 

Whenever inspiration strikes, Galaxy Tab S9 FE and S9 FE+ deliver essential entertainment, expressive creativity, and seamless productivity. With two portable and powerful devices to choose from, even more, users can experience the versatility of the Galaxy Tab S series.

Digital creators, entrepreneurs, busy students, artists, gamers, and more will explore their passions and get work done with improved device speed and even better performance compared to the previous FE Series.

Responsive and immersive viewing and creating can happen at home, at work, on campus, or even at the park on Galaxy Tab S9 FE’s 10.9-inch and Tab S9 FE+’s 12.4-inch displays, featuring an automatic refresh rate that adapts up to 90Hz.

Samsung Galaxy Brings Standout Galaxy Features | fab.ng

Sunlight is no match for Vision Booster, which enhances visibility in outdoor environments by optimising colour and contrast especially in dark areas of the screen. Just like the newest Galaxy Tab S9 series, both Tab S9 FE and Tab S9 FE+ received an IP68 rating, offering enhanced durability for peace of mind on the go.

Plus, Tab S9 FE+’s long-lasting battery with up to 20 hours of video playback on a single charge means work and play won’t keep you tethered to a cord. 

Ideas and notes are easy to capture with Galaxy’s signature in-box, IP68-rated S Pen. Like the Galaxy Tab S9 series, the Tab S9 FE and S9 FE+ include a wide variety of creative tools and apps, including fan favourites like Goodnotes, LumaFusion, Clip Studio Paint, and more.

Easily keep class notes, sketches, videos, and more with up to double the storage, plus the option to upgrade to 1TB with a microSD cardThe Galaxy Tab S9 FE series is available from N525,000 in three fashionable colours: Mint, Silver, Gray and Lavender.  

Galaxy Buds FE: Superior Sound, Powerful ANC and Ergonomic Design Expand the Excellent Audio Experience to More Users 

Galaxy Buds FE bring Samsung’s impeccable sound experience to more users. Their powerful bass offers a deep and rich sound that allows you to enjoy music the way the artist intended, while powerful Active Noise Cancellation (ANC) and Ambient Sound enable you to hear more of what you love and less of what you don’t.

Also, the automatic personalised beamforming of the advanced three-microphone system, along with the AI-powered Deep Neutral Network (DNN), separates your voice from unwanted background noise for clearer calls. 

Samsung Galaxy Brings Standout Galaxy Features | fab.ng

Boasting the longest battery life in the Buds series, Galaxy Buds FE provides up to 8.5 hours of playback with earbuds and a total of up to 30 hours including the charging case. Even when using ANC, users can get up to 6 hours of playback with earbuds, and a total of up to 21 hours including the case.

Inspired by the iconic and ergonomic design of the series, Galaxy Buds FE is engineered to be comfortable enough to wear for a long time, and enable a more customised fit with three different sizes of ear tips and two different sizes for wingtips. 

Galaxy Buds FE are available for N83,500. in two distinct, modern colours: Graphite and White

One Seamlessly Connected Galaxy Ecosystem

With new FE devices, it’s easier than ever to experience the full power of the connected Galaxy ecosystem. Productivity is intuitive with Multi Control, which enables users to drag and drop content easily between multiple Galaxy devices.

Copy and paste or drag and drop between smartphone and tablet. When creativity strikes, simply transfer videos or images from smartphone to tablet with Quick Share, for easier editing. 

When it is time for immersive entertainment, Galaxy Buds FE is the perfect companion. Auto Switch intelligently switches sound between your smartphone, tablet, and even watch and TV based on your usage with no manual adjustments required.

Also, SmartThings Find helps you track down misplaced Buds and also sound an alarm should they be left behind.

All these devices and connectivity capabilities uphold Samsung’s commitment to providing secure and private experiences. Galaxy S23 FE and Galaxy Tab S9 FE series are backed by Samsung Knox protection, meaning personal information is kept that way, by default.  

Availability 

The Galaxy S23 FE, Galaxy Tab S9 FE and S9 FE+, and Galaxy Buds FE will be available in Nigeria starting October 20th.

Customers who buy the Galaxy S23 FE will get the Buds FE as well as the Fit2 for free and also have access to the Samsung Flex pay, which enables them to buy the Galaxy S23 FE and pay in 3 to 12 months instalments.   

Specifications

Galaxy S23 FE

Display  6.4-inch FHD+

Dynamic AMOLED 2X Display

Super Smooth, Adaptive 120Hz refresh rate (60~120Hz) 

*Measured diagonally, actual viewable area is less due to rounded corners and camera hole. 
Dimensions & Weight  76.5 X 158 X 8.2mm, 209g
Camera  12MP Ultra-Wide Camera 

  • F2.2, FOV 123˚ 

50MP Wide Camera 

  • F1.8, FOV 84˚ 
  • Adaptive Pixel

8MP Telephoto Camera 

  • 3x Optical Zoom, F2.4, FOV 32˚ 

10MP Front Camera 

  • F2.4, FOV 80˚   
AP Exynos 2200 (4nm) advanced processing
*May differ by market and carrier.
Memory 

& Storage

8GB + 128GB

8GB + 256GB

*Available storage capacity is subject to preloaded software.

*Memory option may vary by market.

Battery  4,500mAh 
* Typical value tested under third-party laboratory condition. Typical value is the estimated average value considering the deviation in battery capacity among the battery samples tested under the IEC 61960 standard. The rated (minimum) capacity is 4,370mah. Actual battery life may vary depending on network environment, usage patterns and other factors.
Charging*  Wired charging*: Up to 50% charge in around 30 mins with 25W Adapter**

Fast Wireless Charging 2.0***

Wireless PowerShare****

*Wired charging compatible with QC2.0 and AFC.
**25W Power Adapter sold separately. Use only Samsung-approved chargers and cables.
***Wireless charging compatible with WPC.
****Wireless PowerShare is limited to Samsung or other brand smartphones with Qi wireless charging, such as Galaxy S23 Ultra, S23+, S23, Z Fold 5, Z Fold 4, Z Flip4, S22 series, Z Fold3 5G, Z Flip 5, Z Flip3 5G, S21 FE 5G, S21 series, Z Fold2, Note20 series, S20 series, Z Flip, Note10, Note10+, S10e, S10, S10+, Fold, S9, S9+, S8, S8+, S8 Active, S7, S7 edge, S7 Active, S6, S6 edge, S6 Active, S6 edge+, Note9, Note8, Note FE and Note5. Only available with certain Samsung Galaxy wearables such as Galaxy Buds2 Pro, Buds2, Buds Pro, Buds Live, Watch5, Watch5 Pro, Watch4, Watch4 Classic, Watch3, Watch Active2, Watch Active, Gear Sport, Gear S3, Galaxy Watch and Galaxy Buds. If battery power is lower than 30% Wireless PowerShare may not function. May not work with certain accessories, covers, other brand devices or some Samsung wearables. During PowerShare, it may affect call reception or data services, depending on your network environment. 
OS  Android 13 / One UI 5.1
Network and Connectivity   5G*, LTE**, Wi-Fi 6E***, Wi-Fi Direct Bluetooth® v 5.3
*Requires optimal 5G network connection, available in select markets. Check with your carrier for availability and details. Download and streaming speeds may vary based on content provider, server connection and other factors.

**Availability of LTE model varies by market and carrier. Actual speed may vary depending on the market, carrier, and user environment.

***Wi-Fi 6E network availability may vary by market, network provider and user environment. Requires optimal connection. Will require a Wi-Fi 6E router.

Security  Samsung Knox, Samsung Knox Vault 
Water Resistance  IP68 
* IP68 Rating: Conducted under lab test conditions. Water-resistant in up to 1.5 meters of fresh water for up to 30 minutes and protected from dust, dirt, and sand. Rinse residue/dry after wet. Not advised for beach or pool use. The water and dust resistance of your device is not permanent and may diminish over time.

 

Galaxy Tab S9 / S9 FE+

Galaxy Tab S9 FE Galaxy Tab S9 FE+
Display 10.9-inch, LCD

 (Up to 90Hz)

12.4-inch, LCD

 (Up to 90Hz)

* Measured diagonally as a full rectangle without accounting for the rounded corners. The actual viewable area is less due to the rounded corners and camera hole.
Dimensions & Weight  165.8 x 254.3 x 6.5 mm, 523g (Wi-Fi), 524g (5G) 185.4 x 285.4 x 6.5 mm, 627g (Wi-Fi), 628g (5G)
Camera  8 MP Rear Camera

12 MP Ultra-Wide Front Camera

8 MP + 8MP Ultra-Wide Rear Camera

12 MP Ultra-Wide Front Camera

AP Octa-Core Processor
Memory & Storage 6GB + 128GB

8GB + 256GB

8GB + 128GB

12GB + 256GB

*Available storage capacity is subject to preloaded software.

*Memory option may vary by market.

Battery  8,000mAh  10,090mAh 
*Typical value tested under third-party laboratory condition. Typical value is the estimated average value considering the deviation in battery capacity among the battery samples tested under the IEC 61960 standard. Actual battery life may vary depending on network environment, usage patterns and other factors.
*Wired charging compatible with QC2.0 and AFC.
**45W Power Adapter sold separately. Use only Samsung-approved chargers and cables.
OS  Android 13/ One UI 5.1
Network and Connectivity  5G*, LTE**, Wi-Fi 6, Wi-Fi Direct Bluetooth® v 5.3
*5G services are only supported in 5G network-enabled locations. Requires optimal 5G connection. Actual speed may vary depending on the market, carrier, and user environment.

**Availability of 5G model varies by market and carrier.

*** Wi-Fi 6 network availability may vary by market, network provider and user environment. Requires optimal connection. Will require a Wi-Fi 6 router.

Sound Dual Speaker by AKG, Dolby Atmos®
Pen S Pen (BLE not supported) in-box
Security  Samsung Knox
Water Resistance  IP68 
* IP68 Rating: Conducted under lab test conditions. Water-resistant in up to 1.5 meters of fresh water for up to 30 minutes and protected from dust, dirt, and sand. Rinse residue/dry after wet. Not advised for beach or pool use. Water and dust resistance of your device is not permanent and may diminish over time.
Accessories S Pen, S Pen Creator Edition

Book Cover Keyboard, Book Cover Keyboard Slim, Smart Book Cover, Outdoor Cover

* S Pen and USB Type-C cable included inbox. Other accessories are available for purchase separately. Availability of third-party cases may vary by market, carrier and retailer.

 

Galaxy Buds FE

Dimensions & Weight Earbud: 17.1 x 19.2 x 22.2mm, 5.6g 
Charging Case: 50.0 x 27.7 x 50.0mm, 40.0g
Speaker 1-way
Microphone 3 mics (2 outer + 1 inner)
Battery Capacity Earbuds: 60mAh (typical)
Charging Case: 479mAh (typical) 
*The typical capacity has been tested by Samsung using a pre-released version of Galaxy Buds FE. The typical capacity is the estimated average capacity considering the deviation in battery capacity among the battery samples tested under the IEC 61960 standard. Actual battery life may vary depending on the network environment, usage patterns, and other factors.
Play Time Up to 6 hours / Total up to 21 hours (ANC on)
Up to 8.5 hours / Total up to 30 hours (ANC off)
*Earbuds provide up to 6hrs play time with ANC on (up to 8.5 hours with ANC off), while the case provides up to 21 hours of battery life with ANC on (up to 30 hours with ANC off) when the case and earbuds are charged to 100%. Based on internal testing. Audio playback time was tested by pairing a pre-production Galaxy Buds FE to a recently released Galaxy smartphone with default settings including ANC. Actual battery life may vary and depend on the network environment, usage patterns, and other factors.
Talk Time Up to 3.5 hours / Total up to 13h (ANC on)
Up to 4 hours / Total up to 14h (ANC off)
*Earbuds provide up to 3.5hrs voice call time with ANC on (up to 4 hrs with ANC off), while the case provides up to 13 hours of battery life with ANC on (up to 14 hrs with ANC off) when the case and earbuds are charged to 100%. Based on internal testing. Voice call time was tested by pairing pre-production Galaxy Buds FE to a recently released Galaxy smartphone with default settings including ANC. Actual battery life may vary and depend on the network environment, usage patterns, and other factors.
Connectivity Bluetooth® 5.2, Auto Switch
Codec: Scalable (Samsung Proprietary), AAC, SBC
Sensors Proximity, Hall, Touch
Compatibility Android 8.0 or higher with more than 1.5GB of RAM
*Some features may not be available on non-Samsung devices. Availability may vary by market, carrier or connected devices.

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies.

The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, memory, system LSI, foundry and LED solutions.

For the latest news, please visit the Samsung Newsroom at https://www.samsung.com/africa_en/news/ 

For more updates, check here.

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BUSINESS

6 Things To Consider Before Starting A Business In Nigeria

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Starting A Business In Nigeria: 6 Things To Consider | fab.ng

Starting a business in Nigeria can be an exciting yet challenging endeavour. With a rapidly growing economy, a youthful population, and increasing opportunities across various industries, the country offers immense potential for entrepreneurs.

However, it’s essential to approach business planning carefully to navigate the challenges of this dynamic environment. Here are six key factors to consider before starting your business in Nigeria.

1. The Regulatory Environment

Nigeria has a complex regulatory landscape that can impact your business operations. Before setting up, familiarize yourself with the necessary legal requirements:

  • Company Registration: Registering your business with the Corporate Affairs Commission (CAC) is a crucial first step. This process ensures your company is legally recognized, allowing you to access contracts, bank accounts, and government incentives.
  • Business Permits and Licenses: Depending on your industry, you may need specific permits, licenses, or certifications to operate legally. For example, businesses in sectors like healthcare, telecommunications, or food production have additional regulatory requirements.
  • Tax Compliance: Understanding Nigeria’s tax system is vital. Ensure you register for the necessary taxes, such as the Value Added Tax (VAT) and company Income Tax (CIT), and Pay As You Earn (PAYE) for employees. Compliance with tax laws helps avoid penalties and keeps your business running smoothly.

Consider hiring a legal advisor or consultant to help you navigate the regulatory requirements efficiently.

2. The Market Demand

Before launching any business, conducting thorough market research is crucial. Nigeria’s market is diverse, with varying consumer preferences and behaviors across different regions.

  • Identify Your Target Audience: Determine the demographics, purchasing power, and needs of your potential customers. This will help you create products or services that are tailored to their preferences.
  • Competitive Analysis: Study your competitors to understand their strengths, weaknesses, and market strategies. Identifying gaps in the market can give your business a competitive edge.
  • Location Matters: Nigeria has significant regional differences in terms of economic activities. For instance, Lagos is known for its vibrant commercial hub, while Abuja is the centre for government contracts. Choose a location that aligns with your business goals.

Use surveys, focus groups, and social media insights to gather valuable data on your target market.

3. Infrastructure Challenges

Nigeria faces several infrastructure challenges that can impact business operations, including electricity shortages, poor road networks, and unreliable internet connectivity.

  • Power Supply: Frequent power outages are a common issue. Investing in a backup power solution, like a generator or solar system, can help mitigate the impact on your business.
  • Transportation and Logistics: Poor road infrastructure can affect the movement of goods and services. If your business relies heavily on logistics, plan for potential delays and increased transportation costs.
  • Digital Infrastructure: Access to reliable internet and telecommunications is crucial for businesses today. Ensure you choose a location with stable connectivity, especially if your operations are tech-dependent.

Incorporate contingency plans to address infrastructure challenges, such as partnerships with reliable logistics providers or investing in alternative energy sources.

4. Secure Funding and Capital

Accessing capital can be one of the biggest challenges for startups in Nigeria. Understanding the available funding options is key to getting your business off the ground.

  • Personal Savings and Family Support: Many Nigerian entrepreneurs start with personal funds or financial support from family and friends. This can be a good initial step but may not be sufficient for scaling.
  • Bank Loans and Microfinance Institutions: Traditional banks and microfinance institutions offer loans, but they often require collateral and have high interest rates. It’s essential to have a solid business plan to convince lenders of your business viability.
  • Grants and Government Programs: Explore government initiatives like the NIRSAL Microfinance Bank or programs under the Bank of Industry (BOI), which provide funding to small and medium enterprises (SMEs).
  • Venture Capital and Angel Investors: If you have a scalable business idea, consider pitching to venture capitalists or angel investors who are increasingly interested in Nigeria’s growing tech and startup ecosystem.

Diversify your funding sources to reduce financial risks and ensure your business remains sustainable.

5. Strong Network and Partnerships

In Nigeria, relationships and networking play a crucial role in business success. Establishing strong connections with key stakeholders can open doors to opportunities, partnerships, and resources.

  • Leverage Business Associations: Joining industry associations, chambers of commerce, or networking groups can help you meet potential partners and clients.
  • Focus on Local Relationships: Building rapport with local communities and government agencies can be beneficial, especially if you’re operating in sectors like agriculture, real estate, or construction.
  • Mentorship: Seek out experienced entrepreneurs or mentors who can provide valuable advice and guidance as you navigate the Nigerian business landscape.

Attend industry events, trade fairs, and conferences to expand your network and gain visibility for your business.

6. Technology and Innovation

To stay competitive, Nigerian businesses must leverage technology and innovation. With a rapidly digitizing economy, adopting modern tools can give you an edge.

  • Digital Marketing: Utilize social media platforms like Instagram, Facebook, and LinkedIn to promote your business and reach a wider audience. Nigerian consumers are highly active on social media, making it a valuable channel for customer engagement.
  • E-commerce Solutions: If you’re in retail, consider setting up an online store or partnering with local e-commerce platforms like Jumia or Konga to expand your reach.
  • Automation and Efficiency: Invest in software tools that streamline your operations, such as accounting software, customer relationship management (CRM) systems, and inventory management tools.

Keep up with tech trends and continuously explore ways to integrate technology into your business processes for efficiency and growth.

Starting a business in Nigeria comes with its unique set of challenges and rewards.

By carefully considering the regulatory landscape, market demand, infrastructure issues, funding options, networking opportunities, and technological advancements, you can position your business for success.

Nigeria’s dynamic market presents tremendous opportunities for entrepreneurs who are prepared, resourceful, and adaptable.

Check here for more business tips.

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BUSINESS

7 Most Profitable Business Ideas In Nigeria

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Profitable Business Ideas In Nigeria | fab.ng

Nigeria provides abundant business opportunities for aspiring entrepreneurs. The country’s large population, diverse economy, and rising middle class create a thriving environment for profitable business ideas in Nigeria.

From technology-driven services to agriculture and creative industries, there’s a wealth of profitable business ideas in Nigeria that cater to different interests and investment levels.

As more Nigerians embrace online shopping and digital solutions, e-commerce, fintech, and tech startups present great potential.

By exploring these profitable business ideas in Nigeria, entrepreneurs can tap into underserved markets, meet rising consumer demands, and drive sustainable growth.

The key lies in identifying gaps in the market, leveraging innovative approaches, and creating value for customers.

With strategic planning and dedication, turning profitable business ideas in Nigeria into successful enterprises is highly achievable.

1. Agribusiness and Farming

Agriculture remains a cornerstone of Nigeria’s economy. The demand for food and agricultural products is ever-growing, making this sector highly lucrative.

You can venture into crop farming, poultry, fish farming, or agro-processing. With the right investment and market research, you can quickly scale up in this industry.

Agribusiness opportunities like cassava processing, vegetable farming, and organic farming are gaining popularity.

2. E-commerce and Dropshipping

Online retail has skyrocketed in Nigeria due to the increasing number of internet users. E-commerce platforms allow businesses to sell products directly to customers without the need for a physical store.

Dropshipping is a popular model where you don’t have to manage inventory or shipping—simply act as a middleman between suppliers and customers.

Platforms like Jumia and Konga have shown the potential for growth in this market. If you’re tech-savvy, consider creating a niche online store.

3. Renewable Energy Solutions

The energy crisis in Nigeria has spurred the demand for alternative power sources. Starting a business focused on solar panel installations or selling renewable energy products is a great way to tap into this market.

Given the country’s frequent power outages, Nigerians are looking for reliable solutions. By offering solar products, inverters, or energy consulting, you can build a profitable enterprise.

4. Real Estate and Property Development

The real estate sector is booming in urban areas like Lagos, Abuja, and Port Harcourt. As the population grows, so does the need for housing and commercial spaces.

Starting a real estate business, whether it’s property development, rental services, or property management, can yield substantial profits.

This sector requires significant capital, but the returns on investment can be impressive if approached strategically.

5. Information Technology Services

Technology-driven businesses are flourishing in Nigeria, especially in cities where digital transformation is taking off. IT services such as software development, cybersecurity, and digital marketing are in high demand.

Additionally, creating apps, providing website design, or IT consulting services are promising areas to explore. With the growth of tech hubs in Lagos, the potential for tech startups is expanding rapidly.

6. Food Processing and Catering

The food industry is always a safe bet in Nigeria due to its growing population and love for diverse cuisines. You can establish a catering service, a food truck, or a small restaurant focusing on traditional or continental dishes.

Food processing, like producing packaged snacks, spices, or beverages, can also be lucrative. As people become more health-conscious, there’s also room for businesses that offer healthy, organic, or vegan food options.

7. Educational Services and Online Tutoring

Education is a priority for many Nigerian families, and the demand for tutoring and skill development is on the rise. Starting an educational service business, like tutoring, vocational training, or online courses, can be highly profitable.

You can focus on providing services in areas like coding, languages, exam preparation, or even soft skills like public speaking. Online platforms make it easier to reach a wider audience, reducing overhead costs.

Tips for Starting a Business in Nigeria

1. Market Research: Before diving into any business, conduct thorough market research to understand customer needs and competition.
2. Leverage Technology: Use digital platforms for marketing, sales, and customer engagement to reach a broader audience.
3. Financial Planning: Create a solid business plan to guide your finances, especially if you’re considering funding from investors.
4. Stay Compliant: Ensure your business adheres to local regulations, tax requirements, and industry standards.

These business ideas align with current market trends in Nigeria and have shown profitability potential.

By focusing on sectors like technology, agriculture, or renewable energy, entrepreneurs can not only achieve financial success but also contribute to the country’s economic development.

Starting a business in Nigeria can be a profitable venture if approached with the right strategy and mindset.

Whether you choose to invest in agribusiness, tech services, or e-commerce, understanding the local market and leveraging digital tools will significantly enhance your success.

Get more business updates here.

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BUSINESS

Telecom Entrepreneurs Raise Concerns Over Borrow-Me-Credit Scheme

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Telecom entrepreneurs on borrow-me-credit scheme | fab.ng

The Association of Telecom Entrepreneurs has urged a review of the “borrow-me-credit” scheme offered by certain telecom operators. This raises concerns about monopoly practices, foreign exchange leakages, and tax impacts.

Representing Nigerian businesses in the airtime distribution sector, the association highlights issues around the ownership structure of these credit-providing services. It also points out the exclusion of Nigerian banks and credit institutions from participating.

The association argues that the exclusive partnerships between major telecom operators and a single provider create an imbalance. This restricts competition and limits opportunities for local businesses.

They emphasize that Nigerian banks and other credit-lending institutions should be involved in offering this service. Further, their inclusion would enhance fairness and encourage broader economic participation.

Additionally, the group warns that foreign exchange leakages could affect Nigeria’s economy. Consequently, profits from these services often flow out of the country.

By addressing these concerns, they believe the industry can create a more balanced and inclusive telecom credit system that benefits both the Nigerian economy and its local businesses.

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