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BUSINESS & ENTREPRENEURSHIP

This section focuses on how to build and grow wealth through business in Nigeria. Learn how to manage business finances, increase profit, and scale your business. Ask questions and get practical answers to improve your results.

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Fokona Latest Questions

Amachree Awongo
Amachree Awongo
Asked: April 5, 2026In: BUSINESS & ENTREPRENEURSHIP

In Nigeria, Is It Better to Invest in Real Estate for Rental Income or for Property Sales Profit?

Is it better to build houses and give out for rent or build and sell them?

real estatereal estate nigeriarental income nigeria
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Mako Emmanuel chukwuyenum
Mako Emmanuel chukwuyenum
Asked: May 2, 2026In: BUSINESS & ENTREPRENEURSHIP

Is starting a local money lending business profitable in Nigeria?

How will you advise someone going into money business – local loan business to operate? Is this business advisable?

cbn loan regulationslending regulations nigerialoanmoney businessmoney lending nigeria
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Yusuf Omeiza Sunny-Tim
Yusuf Omeiza Sunny-Tim
Asked: March 20, 2026In: BUSINESS & ENTREPRENEURSHIP

Can a Cooperative Society registered in Kogi State operate branch offices in other states of the country?

Can a Cooperative Society registered in Kogi State operate branch offices in other states of the country? Or, must the Cooperative Society be registered with the Federal Government? If YES, which agency is in charge of such national registration?

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EngrprettyA
EngrprettyA
Asked: March 24, 2026In: BUSINESS & ENTREPRENEURSHIP

Can You Earn 10% Monthly Returns on a 500K Investment in Business?

Please is there any business I can invest 500k and be getting 10 percent every month?

investment
2
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Imperator sheena
Imperator sheena
Asked: May 19, 2026In: BUSINESS & ENTREPRENEURSHIP

What Offline Business Can I Start With ₦2 Million for Long-Term Profitability?

If you are to start-up an offline business in nigeria today, which business is advisable to venture on a budget of #2miilion

Entrepreneurshipoffline businesssmall business ideaswealth creation
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Samson Ishaya
Samson Ishaya
Asked: March 24, 2026In: BUSINESS & ENTREPRENEURSHIP

Can a Billion-Dollar Business Serve God, and Does Scale Affect Its Kingdom Impact?

Does God care if our business stays small and “pure,” or is a massive, profitable corporation a more effective tool for “Kingdom Impact” regardless of the compromises made to get there?

christian business ethicsethical scalingkingdom entrepreneurshipscalability vs. integritythe cost of kingdom growth
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Emmanuel Ufi
Emmanuel Ufi
Asked: March 20, 2026In: BUSINESS & ENTREPRENEURSHIP

What Business Can I Start in Nigeria With ₦500,000 Capital?

If some have five hundred thousand naira, which business can the person start up

Businessbusiness ideabusiness ideas nigeria
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Anonymous
Anonymous
Asked: May 30, 2026In: BUSINESS & ENTREPRENEURSHIP

What profitable business can I start with ₦3 million in Nigeria today?

Please I will like to ask what business one can start with 3 million Naira. I need good advice and answers please. Thank you

business planningbusiness startupsmall business nigeria
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Solo-Tech
Solo-Tech
Asked: April 20, 2026In: BUSINESS & ENTREPRENEURSHIP

How can I successfully relocate my business from a university environment to Abuja for better growth in Nigeria?

graduated from university in 2024, but I had already started a business back in my 200 level, which I managed successfully throughout my time in school. After graduating, I stayed back for an additional two years to keep the business ...Read more

business relocation nigeriaentrepreneurship nigeria
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Nwanneka Philomena Chukwuma
Nwanneka Philomena Chukwuma
Asked: March 23, 2026In: BUSINESS & ENTREPRENEURSHIP

Why is it that people can spend 30 years working as employees but cannot spend 5yrs building personal business?

I’ve seen a lot of people complain that their salary income is not enough to take care of their basic needs but these same people will still reject business opportunities whenever it’s mentioned Does anyone have the answer to why ...Read more

Businessentrepreneur
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