Business
Entrepreneurship skills with high-earning overseas potential
Entrepreneurship skills with high-earning overseas potential
The world of entrepreneurship offers a vast array of opportunities for individuals to turn their passions into profitable ventures. With the rise of globalisation and digital connectivity, entrepreneurs can now reach a global audience and tap into international markets.
There are skills in high demand worldwide and entrepreneurs who possess them can unlock lucrative opportunities and build successful businesses.
Software Development (Coding): Software development is a highly sought-after skill in today’s technology-driven world. With the rise of digital transformation, companies worldwide are looking for skilled coders and software developers to build innovative solutions.
Entrepreneurs with expertise in coding languages like Java, Python, or JavaScript can create software solutions, apps, or tools that cater to global markets.
Countries like the US, Canada, and Australia offer high demand and salaries ranging from $100,000 to over $200,000 per year.
Hair extension and wig making: The hair extension and wig industry has experienced significant growth in recent years, driven by increasing demand for high-quality hair products.
Entrepreneurs skilled in hair extension and wig-making can create bespoke products for clients worldwide.
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Countries like the US, UK, and China offer a vast market for these products, with successful entrepreneurs earning up to $500,000 per year.
Fashion designing: Fashion designing is a highly creative field with immense global demand.
Entrepreneurs with a keen eye for style and design can create clothing lines, accessories, or textiles that appeal to international markets.
Countries like France, Italy, and the US are hubs for fashion design, with top designers earning up to $1 million per year.
Graphic designing: Graphic designing is another in-demand skill in today’s digital age. Entrepreneurs skilled in graphic design can create visual content for businesses, websites, or social media platforms.
Countries like the US, Canada, and Australia offer high demand and salaries ranging from $60,000 to over $150,000 per year.
Jewelry making and designing: Jewelry making and designing is a niche field with growing demand for unique, handmade pieces.
Entrepreneurs skilled in jewelry making can create bespoke pieces for clients worldwide.
Countries like the US, UK, and Japan offer a vast market for these products, with successful entrepreneurs earning up to $300,000 per year.
Entrepreneurship skills with high-earning overseas potential
Business
PH refinery: 200 trucks will load petroleum products daily, says Presidency
PH refinery: 200 trucks will load petroleum products daily, says Presidency
No fewer than 200 trucks are set to load petroleum products at the government-owned Port Harcourt Refinery, the presidency has said.
A presidential spokesperson, Sunday Dare, made this known in a statement through his official X handle on Tuesday.
Newstrends had reported that the Nigerian National Petroleum Company on Tuesday announced that Port Harcourt Refinery has resumed operations and crude oil processing after years of inactivity.
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Reacting, Dare said, “200 trucks are expected to load products daily from the refinery, Renewing the Hopes of Nigeria.”
He added that “the Port Harcourt refinery has two wings.
“The Old Refinery comes on stream today with an installed production capacity of 60, 000 barrels per day of crude oil.”
PH refinery: 200 trucks will load petroleum products daily, says Presidency
Business
Breaking: CBN increases interest rate to 27.50%
Breaking: CBN increases interest rate to 27.50%
The Central Bank of Nigeria (CBN) has raised the lending interest to 27.50 per cent from 27.25 per cent.
This latest increase in the Monetary Policy Rate came after a meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Monday and concluded Tuesday.
The Monetary Policy Rate measures the benchmark interest rate.
The CBN Governor, Yemi Cardoso, announced this in Abuja on Tuesday after the MPC meeting, last for the year, held at the apex bank’s headquarters.
He said the MPC voted unanimously to raise the MPR by 25 basis points from 27.25% to 27.50%; and retain the Cash Reserve Ratio (CRR) at 50% for Deposit Money Banks and 16% for Merchant Banks.
The CBN governor also said the MPC retained the Liquidity Ratio (LR) at 30% and Asymmetric Corridor at +500/-100 basis points around the MPR.
Business
Nigeria’s unemployment rate dropped to 4.3% in Q2 – NBS
Nigeria’s unemployment rate dropped to 4.3% in Q2 – NBS
Nigeria’s unemployment rate stood at 4.3 per cent in the second quarter of 2024, the National Bureau of Statistics (NBS) has said in its latest report.
The report released on Monday said the unemployment rate decreased compared to the 5.3 per cent recorded in the Q1 of 2024.
The NBS defined the unemployment rate as the share of the labour force (the combination of unemployed and employed people) who are not employed but actively searching and are available for work.
“The unemployment rate for Q2 2024 was 4.3%, showing an increase of 0.1 percentage point compared to the same period last year,” the report stated.
“The unemployment rate among males was 3.4% and 5.1% among females.
“By place of residence, the unemployment rate was 5.2% in urban areas and 2.8% in rural areas. Youth unemployment rate was 6.5% in Q2 2024, showing a decrease from 8.4% in Q1 2024.”
Report also said the unemployment rate among persons with post-secondary education was 4.8 per cent; 8.5 per cent among those with upper secondary education, 5.8 per cent for those with lower secondary education, and 2.8 per cent among those with primary education in Q2 2024.
Employment rate – 76%
The report showed that the employment-to-population ratio, which measures the number of employed workers against the total working-age population, increased to 76.1 per cent in Q2 2024.
“In Q2 2024, 76.1% of Nigeria’s working-age population was employed, up from 73.1% in Q1 2024,” the report stated.
Self-employment – 85.6%
The report further showed that Nigeria’s labour market saw a notable shift as the proportion of self-employed individuals increased in Q2 2024.
It stated, “The proportion of persons in self-employment in Q2 2024 was 85.6%.”
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