7 Profitable Business Ideas to Start

7 Profitable Business Ideas to Start with 50k – 100k Naira in 2026

In 2026, waiting for a salary increase or a loan is not enough; creating an aggressive side hustle is the key to financial survival in Nigeria. The good news is that you don’t need millions to start. With capital between ₦50,000 and ₦100,000, you can launch a business that generates daily cash flow.

Based on current market trends and consumer needs, here are 7 profitable business ideas you can start this week.

1. POS Agent Business (Point of Sale)

Despite the saturation, cash is still king in many areas.

• Capital Needed: ₦80,000 – ₦100,000 (Machine purchase + float).
• Strategy: Don’t just open anywhere. Target semi-rural areas, busy markets, or areas with few ATM terminals.
• Potential Income: ₦3,000 – ₦5,000 daily profit from withdrawal and deposit charges.
• Getting Started: Register with Moniepoint, OPay, or PalmPay.

2. Thrift Clothing (Okrika) Sales

Fashion never dies, and “grade A” thrift is highly sought after by students and workers who can’t afford boutique prices.

• Capital Needed: ₦50,000 (Half bale of tops or children’s wear).
• Strategy: Buy a bale from Yaba or Katangowa. Wash, iron, and package them neatly. Sell online via Instagram or WhatsApp status.
• Potential Income: 100% profit margin per item.

3. Mini Importation (China to Nigeria)

You can import small, high-demand gadgets without a huge budget.

• Capital Needed: ₦70,000.
• Strategy: Focus on lightweight items like Smartwatches, Wireless Earbuds, or Ring Lights. Use AliExpress or 1688 (via agents).
• Potential Income: Buy a watch for ₦5,000 and sell for ₦12,000.

4. Foodstuffs & Palm Oil Storage

Food prices fluctuate. Buying during harvest and selling during scarcity is a classic wealth builder.

• Capital Needed: ₦100,000.
• Strategy: Buy 25-liter kegs of Palm Oil during the peak season (when it’s cheap) and resell when prices spike. Or buy bags of egusi/ogbono.
• Potential Income: 30-50% ROI over 3-6 months.

5. Mobile Phone Accessories

Everyone has a phone, and everyone needs chargers and screen guards.

• Capital Needed: ₦50,000.
• Strategy: Buy fast chargers, USB cords, and earpieces in bulk from Computer Village (Lagos) or Alaba. Sell at a small stand or mobile to offices.
• Potential Income: High turnover, daily cash.

6. Snail Farming (Small Scale)

Agriculture is the new oil. Snails are low maintenance and high value.

• Capital Needed: ₦60,000.
• Strategy: Construct a simple wooden cage (pen) and buy high-quality breeders (Point of Lay). Feed them with organic waste (vegetables/fruits).
• Potential Income: Selling mature snails to hotels and restaurants yields massive returns after 6-8 months.

7. Data Reselling and VTU Business

Nigerians consume data voraciously. Becoming a reseller is steady income.

• Capital Needed: ₦10,000 – ₦50,000.
• Strategy: Register on a VTU platform. Buy data in bulk and resell in smaller chunks to simple users who can’t afford monthly subs.
• Potential Income: ₦1,000 – ₦2,000 daily, but it scales with customer base.

Tips for Success with Small Capital

• Reinvest Profits: Don’t eat your seed. For the first 6 months, put every Naira back into the business.
• Online Presence: Even if you sell offline, use WhatsApp and TikTok to market your goods.
• Customer Service: In a crowded market, being polite and reliable is your only competitive advantage.

Think About It

You don’t need to wait for a “big break.” With ₦50,000 to ₦100,000, you can start a POS business, sell thrift clothes, or launch a mini-importation hustle today. The key is to start small, think big, and remain consistent. Choose one of these ideas and take your first step towards financial independence in 2026.