Questions You want to ask! (FAQs)

 

FAQ for Small Business Starters - Small Business 247

Get answers to common questions about starting a business in Nigeria as of October 2025.

How do I register a business in Nigeria?

Register with the Corporate Affairs Commission (CAC) via their online portal. You’ll need a business name, address, and details of directors. Costs start at ₦10,000, and processing takes 1-2 weeks. Visit cac.gov.ng for details.

What are the best petty trade ideas for 2025?

Popular options include phone accessories, food vending, and tailoring. Focus on local demand in cities like Lagos or Abuja. Check our blog for a detailed 2025 petty trade guide!

How can I get funding for my small business?

Explore microfinance banks, government programs like YouWin, or crowdfunding. Start with a solid business plan. Subscribe to our newsletter for funding tips tailored for Nigeria.

Do I need a website for my business?

Not immediately, but a Google Business Profile and social media presence are essential. A simple website costs ₦50,000-₦100,000 and boosts credibility. Learn more in our resources section.

How do I market my business on a budget?

Use free platforms like WhatsApp, Facebook, and Instagram. Leverage word-of-mouth and local events. Our marketing checklist (available in Resources) offers step-by-step guidance.

Need more help? Explore our Resources or sign up for our newsletter!