CondenseMilk:




All the developed nations in the world today do not exist on multiculturalism or multiregionalsm.

USA, Britain and EU all have their foundation on Christianity but they created a means by which others can thrive. With that in place, you can establish whatever you want with regard to your faith but all must be under a Christan constitution.

Nigeria is different because it is multireligous and Islamic banking is a dent on its constitution

I am sure you only have a problem with ISLAM. If it was called another name, I know you won't criticize it. It doesn't make any sense to you. The world is beautiful and everyone should learn to live with themselves peacefully...

Starting and running a small business can be an exciting and rewarding experience, and at the same time, you have to know How to Manage Small Business Finances because it comes with its own challenges.

One of the most significant challenges facing small business owners is managing their finances effectively. Without a solid understanding of finance, even the most innovative and promising small businesses can struggle to survive.

In this blog post, I’ll explore the important aspects of small business finance that every entrepreneur should be aware of.

The important aspects are; budgeting and cash flow management to financing options, tax planning, etcetera.

However, I’ll cover almost everything you need to know to keep your small business on solid financial footing.

Whether you’re just starting out or you’ve been in business for years, this post will provide valuable insights and guidance to help you manage your finances more effectively and achieve long-term success.

What is Small Business Finance

According to Wikipedia, Small business financing also known as startup financing is the means by which an aspiring or current business owner obtains money to start a new small business, purchase an existing small business, or bring money into an existing small business to finance current or future business activity.

Important Aspects of Small Business Finances

There are several important aspects of small business finance, including:

Budgeting
Cash flow Management
Bookkeeping
Financing Options
Tax planning
Risk planning
Financial analysis

1. Budgeting

One of the most crucial aspects of small business finance is budgeting. Creating a budget allows you to plan and manage your finances effectively, providing a clear picture of your income and expenses.

A well-planned budget helps you make informed decisions about where to allocate your resources and can help you avoid financial crises by ensuring that you have enough cash on hand to cover your expenses.

When creating a budget for your small business, it’s important to be thorough and realistic. Start by identifying all of your income sources, including sales revenue, investments, and any other sources of income.

Furthermore, make a list of all your expenses, such as rent, utilities, salaries, inventory, and marketing costs.

Be sure to include both fixed costs, which are expenses that stay the same each month, and variable costs, which can fluctuate depending on your business’s needs.

Once you have a complete list of your income and expenses, you can create a budget that takes into account all of your financial obligations.

This will help you to identify any areas where you can cut costs or allocate resources more efficiently.

Also, It’s important to revisit your budget regularly to ensure that it remains up-to-date, accurate, and going as you have planned.

By creating and sticking to a budget, you can gain a better understanding of your business’s financial health and make informed decisions about how to allocate your resources.

A solid budget can help your small business thrive in even the most challenging economic environments.

In summary, creating and managing a budget is essential to ensure the business has enough cash to cover expenses and invest in growth opportunities.

2. CashFlow Management

Managing cash flow effectively is essential for the success of any small business. Cash flow is the movement of money in and out of your business, and it’s important to have a positive cash flow to ensure that you can pay your bills and invest in the growth of your business.

To manage your cash flow effectively, start by developing a cash flow forecast. This will help you to predict when money will be coming in and going out of your business, allowing you to plan your spending and investments accordingly.

You should also make sure to track your cash flow regularly, using software or spreadsheets to help you monitor your income and expenses.

Another key aspect of cash flow management is managing your accounts receivable and accounts payable effectively.

Accounts receivable refers to the money that your customers owe you for goods or services that you’ve provided, while accounts payable refers to the money that you owe to suppliers, vendors, or other creditors.

To manage your accounts receivable, you should establish clear payment terms, send out invoices promptly, and follow up on any overdue payments.

To manage your accounts payable, you should negotiate payment terms that work for you, and make sure to pay your bills on time to avoid late fees and penalties.

Finally, consider using tools such as a line of credit or business credit card to help you manage your cash flow.

These options can provide you with access to additional funds when you need them, allowing you to cover unexpected expenses or take advantage of growth opportunities.

By managing your cash flow effectively, you can ensure that your business has the financial resources it needs to grow and succeed over the long term.

3. Bookkeeping

This is an essential aspect of small business finance, as it involves keeping accurate financial records that help business owners monitor their income, expenses, and profits.

Proper bookkeeping ensures that businesses have the information they need to make informed financial decisions, comply with tax laws and regulations, and maintain the financial health of the business.

Effective bookkeeping involves several key tasks, such as maintaining a general ledger, tracking accounts payable and receivable, and reconciling bank statements.

The general ledger is a record of all financial transactions made by the business, including sales, expenses, and purchases.

Keeping this ledger up to date is crucial for monitoring the financial performance of the business and making informed decisions about future investments and strategies.

Tracking accounts payable and receivable involves monitoring money owed to the business (receivables) and money owed by the business (payables). This ensures that the business has adequate cash flow to meet its obligations and avoid financial problems.

Reconciling bank statements involves comparing the business’s records with those of the bank to ensure that all transactions are accurately recorded and that there are no discrepancies.

In summary, proper bookkeeping is essential for small businesses to effectively manage their finances and ensure their long-term financial health.

It provides business owners with the information they need to make informed financial decisions, comply with tax laws and regulations, and monitor the financial performance of the business.

4. Financing Options

Financing is an essential aspect of small business finance, as it provides the necessary capital to start and grow your business. There are several financing options available to small business owners, each with its own pros and cons.

Types of small business financing options

I. Angel Investors

Angel investors are wealthy individuals who provide funding to early-stage or startup companies in exchange for equity ownership or convertible debt.

Furthermore, Angel investors are typically looking for high-growth, high-potential companies with a strong management team and a clear path to profitability. They may provide funding in the form of a one-time investment or multiple investments over time.

One of the main advantages of working with angel investors is that they can provide significant amounts of capital that may not be available through other financing options.

Angel investors can also provide valuable expertise, industry connections, and business advice that can help you to grow your business and navigate the challenges of entrepreneurship.

However, working with angel investors can also come with some downsides. Angel investors typically expect a high rate of return on their investment, which may require you to give up a significant portion of the equity in your business or to agree to restrictive terms such as board seats or veto power over certain decisions.

Angel investors may also require a significant amount of time and effort to attract and negotiate with, as well as ongoing communication and reporting requirements.

If you’re considering working with angel investors, it’s important to do your due diligence and research potential investors thoroughly. Look for investors who have experience in your industry or sector, and who have a track record of successful investments.

Also, you should be prepared to pitch your business to potential investors, highlighting your team’s expertise, market potential, and growth strategy.

Overall, working with angel investors can be a great way to secure funding and expertise for your small business.

However, it’s important to carefully consider the costs and benefits of this financing option and to seek advice from financial professionals or business advisors to help you make the best decision for your business.

Examples of Angel Investors in Nigeria are ARM, Microtraction, etcetera.

II. Crowdfunding

Crowdfunding is a financing option that allows individuals and businesses to raise funds from a large group of people, typically through an online platform. Crowdfunding can be a good option for small businesses that are looking to raise capital, test new products or ideas, or build a community of supporters.

There are several types of crowdfunding, including donation-based crowdfunding, rewards-based crowdfunding, and equity crowdfunding.

Donation-based crowdfunding allows individuals to donate money to support a particular cause or project, without receiving anything in return.

Rewards-based crowdfunding allows individuals to contribute money in exchange for rewards, such as early access to a new product or a personalized thank-you message.

Equity crowdfunding allows investors to buy shares in a business, giving them a financial stake in the company.

One of the main advantages of crowdfunding is that it can offer a fast and flexible way to raise capital, with the potential to reach a large audience of potential supporters.

It can also provide valuable feedback and validation for new products or ideas, as well as help build a loyal community of customers and supporters.

However, crowdfunding also comes with some risks. Crowdfunding campaigns may not meet their fundraising goals, leaving businesses with little to no capital to work with.

Can also be time-consuming and require a significant amount of effort to promote and manage the campaign.

If you’re considering crowdfunding as a financing option for your small business, it’s important to carefully evaluate the costs and benefits of different types of crowdfunding, as well as to plan and execute your campaign carefully.

This may involve setting realistic fundraising goals, creating a compelling campaign pitch, and engaging with potential supporters through social media and other channels.

Overall, crowdfunding can be a good option for small businesses that are looking to raise capital, test new products or ideas, or build a community of supporters, but it’s important to carefully weigh the costs and benefits of this financing option and to seek advice from financial professionals or business advisors to help you make the best decision for your business.

III. Line of Credit

A line of credit is a financing option that allows businesses to access a pre-approved amount of credit from a lender, usually a bank, that can be drawn upon as needed. A line of credit can be a good option for small businesses that need access to short-term capital to cover expenses such as inventory purchases or unexpected cash flow gaps.

With a line of credit, businesses can draw on the available credit as needed, and only pay interest on the amount borrowed. Lines of credit can be secured or unsecured, meaning that they may or may not require collateral, such as property or inventory, to secure the loan.

One of the main advantages of a line of credit is that it can offer businesses flexibility and control over their financing needs.

A line of credit can be used to cover a wide range of expenses and can be drawn upon as needed, providing businesses with access to capital without having to go through the application process for a new loan each time.

However, working with a line of credit can also come with some risks. Interest rates on lines of credit may be higher than traditional bank loans, and businesses may be required to pay fees for the use of the line of credit.

There may also be additional requirements or restrictions on the use of the line of credit, such as a requirement to maintain a minimum balance or to use the funds for specific purposes.

If you’re considering a line of credit as a financing option for your small business, it’s important to carefully evaluate the terms and conditions of the line of credit, as well as to assess your ability to make regular payments on borrowed funds.

You should also be prepared to provide detailed financial information and documentation to the lender, as well as to maintain regular communication and reporting requirements.

Overall, a line of credit can be a good option for small businesses that need access to short-term capital to cover expenses, but it’s important to carefully weigh the costs and benefits of this financing option and to seek advice from financial professionals or business advisors to help you make the best decision for your business.

Read the full article at https://www.moshinfohub.com/how-to-manage-small-business-finances/

CondenseMilk:
Islamic banking in a circular country

It doesn't matter. Every developed countries have an Islamic bank including the Almighty USA. Please make your research and change your orientation.

Ever8090:
They are using it to generate funds to sponsor terrorism nothing more...

This is a bad orientation you have had and you must bury it. Every developed nations encouraged it so why should only Nigerians think otherwise

CondenseMilk:
Islamic banking in a circular country

It doesn't matter. Islamic Bank is also in every developed countries.

What you just did is one of the challenges facing the system and that is wrong orientation on what Islamic Bank is...

Islamic banking, also known as Shariah-compliant banking, is a unique and rapidly growing financial system that adheres to the principles and values of Islam. However, Islamic banking in Nigeria has its origins deeply rooted in faith.

Islamic banking has gained significant traction in Nigeria, a country of Muslims more than half of the population.

However, In this article, we will delve into the principles and practices of Islamic banking in Nigeria, exploring its history, concepts, operations, types, and impact on the country’s economy.

As a practicing Muslim and a finance enthusiast, I have a personal connection to Islamic banking and its principles, which makes this topic close to my heart.

Historical Background of Islamic Banking in Nigeria

Islamic banking in Nigeria has its roots in the late 1970s when the Islamic Development Bank (IDB) initiated efforts to establish a financial system that aligns with Islamic principles.

Afterward, the Nigerian government established the Jaiz Bank, which became the first Islamic bank in the country.

Over the years, more Islamic banks have been established, including Stanbic IBTC Bank, Taj Bank, and Jaiz Takaful Insurance, among others, making Nigeria one of the leading countries in Africa with a significant presence of Islamic banking institutions.

Principles of Islamic Banking

At the heart of Islamic banking are the principles of Shariah, which is the Islamic law based on the Quran and the Hadith (sayings and actions of Prophet Muhammad).

In addition, these principles guide the operations and transactions of Islamic banks and provide a framework for conducting business in a manner that is consistent with Islamic teachings.

Some of the key principles of Islamic banking include:

1. Prohibition of Interest (Riba):

Islamic banking prohibits charging or paying interest on loans or deposits, as it is considered usury and exploitative.

Instead, Islamic banks engage in profit-sharing arrangements, where returns are generated from legitimate business activities and shared between the bank and its customers based on pre-agreed ratios.

This promotes risk-sharing and encourages productive economic activities.

2. Ethical and Socially Responsible Investing:

Secondly, Islamic banking promotes ethical and socially responsible investing by adhering to the concept of Halal (permissible) and Haram (prohibited) in business activities.

Investments in sectors such as alcohol, gambling, tobacco, and pornography are strictly avoided, while investments in socially responsible sectors such as healthcare, education, and renewable energy are encouraged.

3. Asset-Backed Financing:

Thirdly, Islamic banking emphasizes asset-backed financing, where transactions are backed by tangible assets such as real estate, commodities, or equipment.

Actually, this promotes transparency, accountability, and risk-sharing, as the bank and the customer both have an ownership stake in the underlying assets.

4. Prohibition of Speculation and Uncertainty (Gharar):

Also, Islamic banking discourages speculation and uncertainty in business transactions. Currency Futures Trading in Forex is a typical example.

Contracts that involve excessive uncertainty, ambiguity, or speculation are not allowed. Instead, contracts are required to be clear, transparent, and based on mutual consent.

5. Prohibition of Financing Harmful Activities:

Islamic banking prohibits financing activities that are harmful to society or the environment, such as those that involve pollution, destruction of natural resources, or exploitation of labor.

So. this promotes sustainable and responsible business practices.

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Practices of Islamic Banking

Islamic banks in Nigeria offer a wide range of financial products and services that are designed to be Shariah-compliant. Some of the common practices of Islamic banking in Nigeria include:

1. Murabaha:
Murabaha is a cost-plus-profit arrangement, where the bank purchases an asset on behalf of the customer and sells it to the customer at a marked-up price.

The customer pays the price in installments, making it a popular mode of financing for asset purchases such as homes, cars, machinery, etcetera.

2. Mudarabah

Mudarabah is a profit-sharing arrangement, where the bank provides the capital and the customer provides the labor and expertise. Profits generated from the business venture are shared between the bank and the customer based on pre-agreed ratios.

Mudarabah is commonly used for financing small and medium-sized enterprises (SMEs) and investment projects.

3. Musharakah

Musharakah is a partnership arrangement, where two or more parties contribute capital to a business venture and share profits and losses based on pre-agreed ratios.

Musharakah promotes shared ownership and risk-sharing and it is commonly used for financing large-scale projects and joint ventures.

4. Ijarah

Ijarah is a leasing arrangement, where the bank leases an asset to the customer for a specified period of time and for an agreed-upon rent.

Furthermore, at the end of the lease period, the customer has the option to purchase the asset at an agreed-upon price. Ijarah is commonly used for financing equipment, vehicles, and real estate.

5. Wakalah

Wakalah is an agency agreement, where the bank acts as an agent on behalf of the customer to invest funds in Shariah-compliant investment opportunities.

The bank charges a fee for its services, and the customer bears the investment risk. However, Wakalah is commonly used for investment accounts and wealth management services.

List of Islamic and Non-Interest Banks in Nigeria

1. Jaiz Bank

Jaiz Bank is the first Islamic bank in Nigeria, and it was established in 2012. Jaiz Bank PLC is a national bank and a quoted public company owned by over 26,000 shareholders spread over the six geo-political zones of Nigeria.

Presently, the Bank is publicly quoted on the Nigerian Stock Exchange (NSE) with a balance sheet size of N233 billion (as of December 31st, 2020) from N12 billion in 2012.

Financing and Investment assets also grew from over N30 billion in 2012 to N166 billion (as of December 31st, 2020).

Other critical parameters such as customer deposits, branch network, and profitability have all been growing year on year since inception.

Since its debut, the Nation’s premier Non-Interest Bank has maintained its leadership role by deepening this alternative model of financing, thus providing the foundation for its expansion, and providing the needed ethical funding for infrastructural development in the country.

Briefly, the Bank maintains the record of being the first Islamic Bank in the world to break even within the first three years of operations even when there were no Islamic banking and finance instruments to invest in in the country.

2. Lotus Bank

Lotus Bank is a Non-Interest Nigerian Bank deeply rooted in ethical banking, committed to ethical investing and ethical prosperity.

Also, they are committed to deepening financial inclusion and broadening the array of non-interest products available to the banked, unbanked, and under-banked population.

Their values are bold and ethical, and birth new ideas. They are a testament to their desire to deliver a differentiated customer experience that supports Nigerian businesses and delivers shareholder value.

They’re Proud to be PARTNER. What are you waiting for? Bank with LOTUS…

3. Stanbic IBTC Bank

Stanbic IBTC Bank is a subsidiary of Standard Bank Group and offers Islamic banking products and services in Nigeria.

The Bank caters to both individuals and businesses through carefully designed retail and business banking products. Also, offer self-service channels powered by sophisticated technology to bring convenient banking to customers.

They offer current, savings, and domiciliary accounts; personal loans, vehicle, and asset finance; MasterCard debit cards, Visa credit cards; home loans; internet banking; small and medium scale enterprise (SME) loans etcetera.

In addition, their clients can also get custodial services through Stanbic IBTC Nominees Nigeria Limited, their custody arm, and non-pension asset custodian, acting in a nominee capacity for clients’ transactions in securities and other investments.

No doubt they are a key player in financial inclusion and are poised to take banking to the doorsteps of its customers; taking care of the banking needs of different categories of persons and businesses.

Click HERE to read the full article...

Davash222:
Are these nonsense you mentioned above Banks

Are they still nonsense

andresjet:
A Plastic Bottle Printer is a machine that is used to print designs, logos, or information directly onto plastic bottles. There are different types of plastic bottle printers available in the market, ranging from manual hand-held devices to fully automated high-speed machines. They are used to print branding and product information on bottles to make them stand out on store shelves and to provide consumers with important information about the product.

For your branding name, product name, and slogan, you can reach out to me HERE

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DaCharis2016:
I don't understand why when you try to access care, once the hospital knows that you are in HMO they won't give you quality drugs.

I will not deny what you stated because this is Nigeria and anything is possible. However, It won't be all of them. You can as well look out for a review before engaging any of them...

These are some of the Best HMO in Nigeria, and they play a crucial role in the healthcare industry. However, they are responsible for coordinating and managing the delivery of medical services to patients.

HMOs have been around for several decades and have evolved over time to provide a range of services that help patients access the care they need cost-effectively and efficiently.

In this blog post, we’ll take a closer look at what HMOs are, how they work, and the advantages and disadvantages of using this type of healthcare delivery system.

Whether you’re a patient, a healthcare provider, or just interested in learning more about HMOs, this post will provide you with the information you need to understand this vital aspect of healthcare.

Often time, seekers of quality healthcare services are usually faced with questions like:

Which is the best HMO in Nigeria?
which HMO is the best in Nigeria?
What is the Best HMO Health Insurance in Nigeria?
Best HMO in Nigeria 2023?
Top HMO in Nigeria?
HMO for pregnancy in Nigeria?

If you are one of such people you will find this topic on top HMOs in Nigeria particularly helpful.

However, in the current healthcare landscape, HMOs play an increasingly important role in providing comprehensive and accessible medical services to millions of patients.

From offering a network of participating providers to managing costs and ensuring quality care, HMOs are designed to help patients navigate the complexities of the healthcare system.

In this blog post, we will dive deeper into the history and evolution of HMOs, as well as explore the different types of HMOs available today. We will also examine the advantages and disadvantages of using an HMO, and provide insight into what the future of HMOs may look like.

Whether you’re considering enrolling in an HMO or want to learn more about this type of healthcare delivery system, this post is for you. By the end, you will have a better understanding of the role HMOs play in healthcare and the impact they have on patients and the industry as a whole.

What is Health Management Organization (HMO)
According to Investopedia, the health maintenance organization (HMO), is an insurance structure that provides coverage through a network of physicians.

An individual who needs to secure health insurance may find a variety of insurance providers with unique features. One type of such insurance provider that is popular in the Health Insurance Marketplace is the HMO.

History and evolution of HMOs
The history of Health Management Organizations (HMOs) dates back to the early 1900s when they were first established as a way to provide affordable healthcare to industrial workers.

The concept of HMOs was based on the idea of prepaid medical care, where a group of individuals would pool their resources to pay for medical services.

Over time, HMOs evolved and became a popular alternative to traditional fee-for-service insurance plans, especially for individuals who did not have access to employer-sponsored insurance.

In the 1970s, the government introduced legislation to encourage the growth of HMOs, including the Health Maintenance Organization Act of 1973. This legislation provided financial incentives for HMOs and established guidelines for the delivery of medical services.

Over the next several decades, HMOs grew in popularity and became a dominant force in the healthcare industry, offering a wide range of medical services to patients.

Today, HMOs are one of the most popular types of healthcare delivery systems, offering comprehensive medical services to millions of patients.

They have been successful in controlling costs, improving the quality of care, and providing access to a network of participating providers.

Despite some challenges, including restrictions on access to certain medical services, HMOs remain a popular choice for individuals who are looking for an affordable and efficient way to receive medical care.

In conclusion, the history of HMOs is a testament to the evolution of healthcare delivery systems and the role HMOs play in providing comprehensive and accessible medical services to patients.

The future of HMOs remains uncertain, but their impact on the healthcare industry is undeniable, and they continue to play an important role in the lives of millions of patients.

Types of HMOs
There are different types of Health Management Organizations (HMOs) available to patients today, each with its own unique features and benefits.

The most common types of HMOs include

Traditional HMOs
Point-of-service (POS) plans
Preferred provider organizations (PPOs).

Traditional HMOs are one of the original forms of HMOs and typically require patients to choose a primary care physician (PCP) who is responsible for coordinating their care.

Patients must see their PCP before they can see a specialist, and they must receive referrals from their PCP to receive certain medical services.

Similarly, Point-of-service (POS) plans are like traditional HMOs, but they offer more flexibility for patients to receive care from out-of-network providers.

Patients typically pay a higher fee for seeing an out-of-network provider, but they have the option to receive care from a provider outside of the HMO network if necessary.

Preferred provider organizations (PPOs) are another type of HMO that offers patients access to a network of participating providers. Unlike traditional HMOs, PPOs do not require patients to choose a PCP, and they typically do not require referrals for certain medical services.

Furthermore, PPOs also offer more flexibility for patients to see out-of-network providers, but they typically require patients to pay a higher fee for this type of care.

In conclusion, there are several different types of HMOs available, each with its own unique features and benefits. Patients should consider their specific healthcare needs, budget, and personal preferences when choosing an HMO.

It’s important to compare different types of HMOs and understand the advantages and disadvantages of each type to determine which type of HMO is the best fit for their needs.

How HMOs work
Health Management Organizations (HMOs) play a crucial role in coordinating and managing the delivery of medical services to patients.

HMOs work by establishing a network of participating providers, including primary care physicians (PCPs), specialists, hospitals, and other healthcare providers.

Patients choose an HMO and select a PCP, who is responsible for coordinating their care and providing referrals to specialists as needed.

One of the key features of HMOs is cost-sharing, which involves splitting the cost of medical services between the patient and the HMO. HMOs typically negotiate lower rates with participating providers, which results in lower costs for patients.

Patients are also responsible for paying copays, deductibles, and co-insurance for certain medical services, which helps to control overall healthcare costs.

In addition to cost-sharing, HMOs also focus on coordinating care for patients.

HMOs encourage patients to receive preventive care, such as annual check-ups and screenings, and they work closely with participating providers to ensure that patients receive appropriate and effective medical treatment.

This coordination of care helps to improve the quality of care for patients and prevent unnecessary medical procedures and treatments.

Understanding how HMOs work and the benefits they provide is crucial for individuals who are looking for an affordable and effective way to receive medical care.

Advantages of HMOs
One of the main advantages of Health Management Organizations (HMOs) is their ability to provide comprehensive and accessible medical services to patients.

HMOs typically offer a wide range of medical services, including preventive care, diagnostic tests, and specialty care, through a network of participating providers.

This allows patients to receive all of their medical needs in one place, which can be more convenient and cost-effective than seeing multiple providers.

Another advantage of HMOs is their focus on preventive care. HMOs encourage patients to receive regular check-ups and screenings, which can help to detect and treat health problems before they become more serious.

Preventive care also helps to reduce overall healthcare costs by preventing the need for more expensive medical procedures and treatments.

HMOs also offer patients access to a network of participating providers, which can be a major advantage for individuals who are looking for a particular type of specialist or healthcare provider.

HMOs work closely with participating providers to ensure that patients receive appropriate and effective medical treatment, and they provide referrals to specialists as needed.

Finally, HMOs typically offer cost savings for patients. HMOs, negotiate lower rates with participating providers, which can result in lower costs for patients.

In addition, HMOs typically have lower out-of-pocket costs for patients, including copays, deductibles, and coinsurance, compared to traditional fee-for-service insurance plans.

In conclusion, HMOs offer several important advantages for patients, including comprehensive and accessible medical services, a focus on preventive care, access to a network of participating providers, and cost savings.

Understanding these advantages can help individuals make informed decisions about their healthcare and choose the best HMO for their needs.

The future of HMOs
When it comes to choosing a Health Management Organization (HMO), it’s important for individuals to understand their options and consider the factors that are most important to them.

One of the key factors to consider when choosing an HMO is the network of participating providers. Individuals should check to see if their current providers are in the HMO network, or if they will need to switch providers to participate in the HMO.

It’s also important to consider the size and scope of the HMO network, as well as the location of participating providers.

Another factor to consider when choosing an HMO is the cost of medical services and treatments. Individuals should compare the cost of copays, deductibles, and coinsurance, and compare the overall cost of different HMOs.

It’s also important to consider any out-of-network costs, such as the cost of receiving medical treatment from providers who are not in the HMO network.

The focus on preventive care and the availability of medical services and treatments is another important factor to consider when choosing an HMO.

Individuals should compare the types of preventive care and treatments that are covered by different HMOs, and understand any restrictions or requirements for obtaining certain treatments.

Finally, it’s important to consider customer service and support when choosing an HMO.

Individuals should compare the customer service and support provided by different HMOs, including the availability of online tools and resources, and the responsiveness of customer service representatives.

In conclusion, choosing an HMO requires careful consideration of several factors, including the network of participating providers, cost of medical services and treatments, focus on preventive care, availability of medical services and treatments, and customer service and support.

By understanding these factors and comparing different HMOs, individuals can choose the best HMO for their needs and ensure that they receive the best possible healthcare.

List of Best HMO in Nigeria

1. AIICO Multishield Healthcare
AIICO Health Limited is a leading Health Management Organization (HMO) in Nigeria, established in 2001. The company provides a range of healthcare services, including access to a network of participating providers, preventive care, and medical treatments.

With its extensive network of participating providers, AIICO Health offers individuals access to some of the best healthcare facilities and providers in the country.

AIICO Health places a strong emphasis on preventive care, with regular check-ups, health screenings, and vaccinations offered to its members.

The company also provides customers with access to resources and tools, including an online portal, customer service representatives, and a mobile app, to help them navigate their healthcare needs.

Another aspect that sets AIICO Health apart is its commitment to customer service and support.

The company’s knowledgeable and friendly customer service representatives are always available to help individuals understand their healthcare options and ensure that they receive the best possible care.

In conclusion, AIICO Health Limited is a reliable and comprehensive HMO that offers individuals a high level of access to quality healthcare services and providers.

With its focus on preventive care, an extensive network of participating providers, and commitment to customer service and support, AIICO Health Limited is a top choice for individuals who are looking for a high-quality HMO in Nigeria.

Clients of AIICO Health Limited are Dulfil, WEMA Bank, FedEx, the Federal University of Technology Akure (FUTA), etc.

Address – 322, Ikorodu Road, Anthony B/Stop, Anthony Village, Lagos.

Phone No – 01-2930823, 08160000774

Email – info@aiicomultishield.com

2. Anchor HMO
Anchor Health Management Organization (HMO) is a leading healthcare provider in Nigeria. The company was established with the goal of providing affordable and accessible healthcare services to individuals and families across the country.

It offers a range of healthcare services, including access to a network of participating providers, preventive care, and medical treatments.

This particular HMO is known for its focus on preventive care, which includes regular check-ups, health screenings, and vaccinations. This approach helps individuals maintain good health and avoid more serious health problems in the future.

Anchor HMO also provides its members with access to a wide range of healthcare services, including specialist consultations, diagnostic tests, and treatments.

The company is committed to providing high-quality customer service and support. Anchor HMO provides its members with access to knowledgeable customer service representatives, who are always available to answer questions and help individuals navigate their healthcare needs.

In conclusion, Anchor HMO is a reliable and comprehensive healthcare provider in Nigeria that offers individuals a wide range of healthcare services and support.

With its focus on preventive care, the extensive network of participating providers, and its commitment to customer service and support, Anchor HMO is a great choice for individuals who are looking for a high-quality HMO in Nigeria.

Anchor HMO is servicing over 900 clinics/hospitals nationwide.

Address – Goldcrest Plaza, Km 23 Lekki – Ajah Express Way, Ikota First Gate, Lekki, Lagos, Nigeria.

Email – info@anchorhmo.com

Phone No – +234 8031230306, 07080601192, 07058890062

3. Avon HMO
Avon HMO (Health Maintenance Organization) is a provider of health insurance services. It offers various health insurance plans designed to meet the needs of individuals, families, and businesses. These plans provide access to quality medical care and treatments at a lower cost.

This HMO contracts with a network of healthcare providers to ensure that its clients have access to the best medical care possible. The company also provides additional benefits such as wellness programs, telemedicine services, and disease management programs.

With Avon HMO, clients can feel secure knowing that they have access to affordable and quality health insurance coverage.

Address – Head Office: 2nd Floor, Afriland Towers, 97/101 Broad Street, Lagos, Nigeria.

Email – info@avonhealthcare.com

Phone No – 0700 277 9800

4. AXA Mansard Health Limited (AMHL)
AXA Mansard Health Limited (AMHL) is a subsidiary of AXA Mansard Insurance Plc, a leading insurance company in Nigeria. AMHL is focused on providing high-quality health insurance services to individuals, families, and organizations.

However, the company offers a range of health insurance plans designed to meet the diverse needs of its clients. These plans provide access to quality medical care and treatments at a lower cost, giving clients peace of mind and financial security.

In addition to traditional health insurance services, AMHL also offers wellness programs, telemedicine services, and disease management programs to help its clients maintain good health.

With its commitment to delivering exceptional customer service and providing affordable and accessible health insurance coverage, AMHL is a trusted name in the Nigerian health insurance market.

Address – AXA MANSARD INSURANCE PLC. PLOT 1412, AHMADU BELLO WAY, VICTORIA ISLAND, LAGOS

Email – healthcare@axamansard.com

Phone No – 0815 064 9610

Ussd code – *987#

5. Clearline International HMO
Clearline International HMO is a Nigerian health maintenance organization (HMO) that offers a range of health insurance plans designed to meet the diverse needs of its clients.

These plans provide access to quality medical care and treatments at a lower cost, giving clients peace of mind and financial security.

In addition to traditional health insurance services, Clearline International HMO also provides wellness programs, telemedicine services, and disease management programs to help its clients maintain good health.

With its extensive network of healthcare providers, Clearline International HMO ensures that its clients have access to the best medical care possible.

The company’s commitment to delivering exceptional customer service and providing affordable and accessible health insurance coverage has made it a trusted name in the Nigerian health insurance market.

CLEARLINE HOUSE: – 290 Ikorodu Road, Anthony. Lagos.

Email – info@clearlinehmo.net

Phone No – (0700-253275463), O1-4482520

Kindly read the full article on https://www.moshinfohub.com/40-valid-best-hmo-in-nigeria-2023-tested-and-confirmed/

JohnSamuel35:
You can make 1M every month with 500 layers just that it won't be the total profit at the end of each day after deducting expenses

Thanks for stopping by man...

rainmoredays:
Nah them them
.
.
Farmers on paper

That hit hard though. The article is for educational purposes and as a guide. A writer must not necessarily be a farmer...

larrypourl:
Good analysis but practically you can't make 1m monthly from 500 layers. Even without removing their feeding cost, it's still not practicable now consider the feeding which gulps about 60-70% of running cost and see what's left.

The analysis is there and it is just for educational purposes to make decisions. However, the most important thing is the article can be a better guide.

Poultry farming in Nigeria is a thriving industry, and it’s not surprising considering the country’s high demand for poultry products.

Over the years, small-scale poultry farming in Nigeria has become increasingly popular, especially among rural farmers and aspiring entrepreneurs.

It is a section of Farming in Nigeria that any aspiring Agric entrepreneur should be eyeing.

This type of agriculture provides numerous benefits including a relatively low startup cost, flexible production options, and the potential for significant returns.

In this article, we will explore the ins and outs of small-scale poultry farming in Nigeria, from setting up a poultry farm to the challenges and opportunities in the industry.

Whether you’re a seasoned farmer or just starting out, this guide will provide valuable insights into Nigeria’s small-scale poultry farming world.

What is small-scale poultry farming?

According to Investopedia. Poultry farming is a form of animal husbandry that raises domesticated birds such as chickens, ducks, turkeys, and geese to produce meat or eggs for food.

Poultry – mostly chickens – are farmed in great numbers.

Also, more than 60 billion chickens are killed for consumption annually. Chickens raised for eggs are known as layers, while chickens raised for meat are called broilers.

The current state of small-scale poultry farming in Nigeria

Small-scale poultry farming is widespread in Nigeria and is an important source of income for many rural families.

According to recent estimates, there are over 50 million chickens in Nigeria, with most of them being raised on small-scale farms.

The industry provides employment for thousands of Nigerians and contributes to the country’s food security by providing a source of affordable protein for millions of people.

However, to realize its full potential, the industry must overcome the challenges it faces, including limited access to funding and disease outbreaks.

By addressing these challenges and supporting the growth of small-scale poultry farming, Nigeria can not only improve the lives of small-scale farmers but also contribute to the country’s food security and economic growth.

Next, we can move on to discussing the opportunities for growth in small-scale poultry farming in Nigeria:

Opportunities for growth in small-scale poultry farming in Nigeria

Despite the challenges faced by small-scale poultry farmers in Nigeria, there are also many opportunities for growth and expansion in the industry.

For example, there is a growing demand for high-quality, locally produced poultry products, both within Nigeria and in other countries.

This presents an opportunity for small-scale farmers to increase their sales and improve their profitability by producing and selling high-quality, premium products.

Another opportunity for growth in small-scale poultry farming is the development of new technologies and innovations in the industry.

For example, the use of precision agriculture techniques, such as drone technology and data analytics, can help farmers to optimize their operations and increase their yields.

Additionally, the development of new vaccines and veterinary treatments can help to control and prevent disease outbreaks, improving the health of poultry flocks and reducing losses for farmers.

Finally, there is also a growing recognition of the importance of sustainable and organic farming practices. Many consumers are now willing to pay a premium for locally produced, sustainably raised poultry products.

This presents an opportunity for small-scale farmers to differentiate themselves from larger, industrial operations and to appeal to consumers who are looking for high-quality, sustainably produced food.

In conclusion, small-scale poultry farming in Nigeria presents many opportunities for growth and expansion.

By taking advantage of new technologies and innovations, increasing their focus on quality and sustainability, and tapping into growing demand for locally produced food, small-scale poultry farmers can overcome the challenges they face and build a more profitable and sustainable industry.

Next, we can explore the challenges faced by small-scale poultry farmers in Nigeria and possible solutions to overcome them:

Challenges and solutions for small-scale poultry farming in Nigeria

As mentioned earlier, small-scale poultry farmers in Nigeria face several challenges that limit their potential for growth and profitability.

These challenges include limited access to funding, disease outbreaks, and a lack of resources and support.

However, there are also several solutions that can help farmers to overcome these challenges and improve their operations.

One solution to the challenge of limited access to funding is the development of innovative financing models that can help farmers to secure the capital they need to start or expand their operations.

For example, microfinance institutions, agricultural cooperatives, and community-based organizations can provide farmers with the loans and support they need to purchase equipment, build infrastructure, and purchase inputs.

Another solution to the challenge of disease outbreaks is the development of effective disease control and prevention programs.

This can involve providing farmers with access to veterinary services, vaccines, and other preventative measures, as well as educating farmers about best practices for disease control.

In addition, the development of disease-resistant poultry breeds and the use of precision agriculture techniques can also help to reduce the impact of disease outbreaks.

Finally, the development of supportive policies and programs can help small-scale poultry farmers to overcome the challenges they face and build a more profitable and sustainable industry.

For example, the government can provide technical assistance and training to farmers, support the development of new technologies and innovations, and encourage the growth of local markets for poultry products.

In conclusion, small-scale poultry farming in Nigeria faces several challenges, but there are also many solutions that can help farmers to overcome these challenges and improve their operations.

By providing access to funding, improving disease control and prevention, and supporting the growth of the industry, Nigeria can build a more sustainable and profitable small-scale poultry farming sector.

Types of Birds available to make money are

Chicken (Broilers and layers)
Ducks (Egg, Meat)
Geese (Egg, Meat, and feathers)
Pigeon (Meat)
Quail (Egg, Meat)
Turkey (Meat)

For the purpose of this article, we will be concentrating on Chicken Farming.

Profitability of Poultry Farming in Nigeria

1. Chickens Reproduce Quickly
Almost every day or at least four times per week, a healthy layer lays an egg. Some breeds can lay up to 325 eggs each year, which hatch in 21 days.

This implies that a Layer theoretically has the capacity to produce two more chickens in a period of three days.

Thus, 500 healthy layers of good breeds (such as California whites) can produce 12,000 chicks in under 40 days if they are in good health.

2. Chickens Grow Quickly
The egg hatches in 21 days, and after 28 weeks, the product is ready for sale. That indicates that after successfully establishing the farm, a farmer may begin to make money in just 34 weeks, and according to this figure, any returns he makes might treble in a year.

3. Chicken Sells at an Excellent Price
In Nigeria, a fully grown, healthy chicken costs between ₦3,000 and ₦10,000 and above. Consequently, if you raise 12,000 chickens on your farm, you will earn more than ₦40 million when all of them have been sold.

4. The egg market is Large
In addition to chicken, eggs are a separate source of income. For little eggs, a crate costs between N1500 and N2000, while larger eggs cost between N2000 and N3000 and above.

Furthermore, each box has 30 eggs inside. You will therefore earn above ₦1,000,000 per month if you have 500 layers that produce 12,000 pullets every month and opt to sell them all.

As you can see, Nigerian poultry farming offers mouthwatering profits and amazing returns on investment. The main issue right now is how to launch this firm.

How to Start a Small-Scale Poultry Farm in Nigeria

Things you need to start a poultry farming business in Nigeria
To start poultry farming in Nigeria, you will need the following:

Capital
This will be used to purchase the land, construct a poultry house, purchase birds, and cover other start-up costs.

Land
The size of the land required depends on the scale of the poultry farm. It should accommodate the poultry house, feeding and drinking areas, and manure pit.

Poultry House
The poultry house must be designed to protect the birds from weather elements and predators. It should be spacious enough to provide enough space for the birds to move around in other not to hinder their growth.

Birds
You will need to purchase day-old chicks or point-of-lay birds. Choose a breed that is suitable for your area, and that has a good reputation for egg production and growth rate.

Feeding and Watering System
You will need a feeding and watering system for the birds, including feeders and drinkers.

Incubator
You will need an incubator for hatching eggs, especially if you are starting a layer farm.

Electricity, Equipment, and Supplies
You will need electricity and purchase other equipment, such as heating lamps, nests, and lighting fixtures, as well as supplies like feed, bedding material, and disinfectants.

Marketing Plan
You will need a marketing plan to sell your eggs and birds, which could include direct sales, distribution to supermarkets or food markets, or online sales.

Knowledge and Skill
You will need to have knowledge of poultry farming, including bird nutrition, health management, marketing, and cost. Consider taking courses or workshops to build your knowledge and skills.

Labour
You will need to hire labor for feeding, cleaning, and general management of the poultry farm.

Support from Government
It is important to obtain support from the Government, as they can provide you with information and resources to help you start and run your poultry farm.

Read the full article at https://www.moshinfohub.com/small-scale-poultry-farming-in-nigeria-to-make-millions-2023/

There are different ways to Make Money Online in Nigeria. As a result, you need to know where you are good at before you start. You can either teach yourself by researching or learn from someone who has done it before.

The different ways of making money online are;

Freelancing:
One way to make money online in Nigeria is by rendering client services. Services such as writing for people that need it.

Online sales:
Here is another way to make money online in Nigeria. Most people now sell online and on different platforms such as Jumia, Konga, Jiji, etcetera. You can sell on any of these platforms to make some cool cash.

Blogging and Affiliate Marketing:
Blogging is an act of making research and writing on a particular idea to help solve people’s problems. On the other hand, Affiliate Marketing is selling other people’s digital products to earn a commission.

Online tutoring and teaching:
Also, one other way to earn online is to organize online tutoring and teaching.

Social media marketing:
One way to also make money online is to help companies to build their online presence.

The list goes on and on.

This article will not talk deeply about all the above-mentioned. It will only concentrate on the No2, which is selling online. Also, for better understanding, we will be talking about selling on the No1, online store in Nigeria which is Jumia. That will take us to the topic on

How to Make Money Selling on Jumia

Selling online is on the rise in Nigeria, with more and more consumers turning to online platforms to purchase products. From fashion and electronics to food and home goods, the variety of products available online is ever-expanding.

However, starting an online store has become a popular way to Make Money in Nigeria. However, creating a successful online store is not always easy.

In this article, we will explore the No. 1 online store in Nigeria and provide tips on creating a successful online store, including product photography, pricing, and marketing strategies.

In addition, by following these tips, you’ll be on your way to making money online by selling products in Nigeria.”

In case you have been searching online for this topic to no avail, and you have always wanted to make some money online, then you are indeed a lucky person for stopping by this topic.

Search no more. All you need now is full concentration.

Don’t forget we will concentrate on making money on Jumia.

As of today of writing this article, Jumia remains the No1, online shopping store in Nigeria with no doubt.

Also, I need to tell you most of the products you buy from Jumia are from different sellers/vendors, and not Jumia itself.

The work of Jumia in this regard is to make sure the product you want to send to the customer is in good condition and help you transport it to the customer, though Jumia solely owns the customer.

What is Jumia?
According to Investopedia, Jumia is a Pan-African technology company that is built around a marketplace, logistics service, and payment service.

The logistics service enables the delivery of packages through a network of local partners while the payment services facilitate the payments of online transactions within Jumia’s ecosystem.

It has partnered with more than 100,000 active sellers and individuals and is a direct competitor to Konga in Nigeria and Amazon in Egypt.

In addition, Jumia knows the next level of buying for customers is now on the Internet, which is why they are in it.

Also, one of their goals is to offer the widest range of products to customers, and this is what makes sellers essential.

As Africa’s number one e-commerce company, they are always looking for ways to add value for customers.

As a Jumia seller, you take part in offering those customers a better selection, better prices, and a top-notch customer experience.

The average number of potential customers monthly stood at 225,000, and the number of views per month is at 35,000,000.

This figure is a good omen that there is something you can gain from partnering with Jumia.

What you should know before you start selling

1. Make sure you comply with the conditions set aside:
Your products can be sold on Jumia if you have all the necessary information to create your account:

Mail address and phone number
Details of your company (address, legal name, etc.)
Bank account details.
Do not worry about the ones you think you do not have, I will tell you how to go about it.

2. How much does it cost to sell on Jumia?
Registration on Jumia is free for all vendors. For each sale you make via the platform, you will be charged a fee depending on the delivery method chosen and the category of your products.

Shipping cost contribution
Commissions
Jumia Express fees

3. Discover the Seller Center:
When you are registered, all the management of your online store is done via the Seller Center. With this portal, you have access to all the information you need to manage your sales, add products, update your product information, have an overview of actual sales, etc.

It is a one-stop shop to facilitate the management of your sales account on Jumia.

Below are a few of the things you can do from the SellerCenter.

Keep track of your inventory and update your listings
Keep track of orders that are in the Jumia network
Join the promotional campaigns
Use customer metrics tools to monitor your seller performance

Kindly read the full article from the source on https://www.moshinfohub.com/how-to-make-money-online-in-nigeria/

This post will walk us through Nigerian Agriculture – Farming in Nigeria. Over the years and even as of today, the Nigerian economy is being controlled by Oil and Gas with little improvements in the non-oil sectors, most important agriculture.

Statistics say Nigerian Agriculture – Farming in Nigeria comprises mainly four (4) key sectors which are; “Crop Production, Livestock, Fisheries, and Forestry”. However, crop production represents about 88.6 percent, and the remaining ones put together share 11.4 percent.

Unfortunately, more than 50% of the harvest from crop production is lost due to different challenges and which later results in a huge economic loss to all participants in the industry. Farmers are now getting over it and the result has given birth to different Nigeria Agricultural Farm.

The country loses a lot of revenue in taxes and is also unable to collect tax from farmers because there is no structure on the ground to make this a win-win for all.

Nigerian Agriculture – Farming in Nigeria

Nigerian Agriculture – Farming in Nigeria till today is still a lucrative business which makes a lot of companies to be getting involved. Furthermore, if you need any agricultural farm in Nigeria to supply you with agricultural products of any type and quantity, then you are in the right place to know the top 11 Agricultural farms in Nigeria. This is simply a list you can use to make your edible decisions.

The government in power today is laying more emphasis on Nigerian Agriculture – Farming in Nigeria, which makes the government close its borders so that Agricultural products are not being imported instead of patronizing the country’s local Agricultural products.

Brief on Nigerian Agriculture – Farming in Nigeria

In the 70s, the Nigerian government promoted the usage of inorganic fertilizers. As of 1990, it was recorded that out of the 91 million hectares of Nigeria’s total land area, 82 million hectares were found to be arable for farming. This makes farming serious in the country and in which 42 percent of the arable land area is used for farming.

As of 2001, agriculture contributed 32 percent to Nigeria’s GDP.

Over the years, Some agricultural products are being imported into Nigeria from the neighboring counties, such as livestock, rice, and groundnut oil to mention but a few. All these agricultural products being imported can be sourced locally within the country.

Major Crops planted in Nigeria include;

Bananas
Beans
Cashew nuts
Cassava
Cocoa
Groundnuts
Gum arabic
Kolanut
Maize
Melon
Millet
Palm kernels
Palm oil
Rice
Rubber
Sesame
Sorghum
Soybeans
Yams, etc.

Top 11 Nigeria Agriculture – Farming in Nigeria

1. Anadariya

This is the first company we will talk about in Nigerian Agriculture – Farming in Nigeria Now let’s talk about Anandariya. It is a trusted provider of food and agricultural products in emerging markets with a history as far back as 30 years.

It is an integrated organization with lots of assets which includes over a million square feet of poultry rearing area, reasonable agricultural land, grain storage facilities, feed manufacturing, poultry processing, warehousing, and logistics. wow wow wow.

There is no doubt this company knows what they want. This farm operates in Kano State, Nigeria. However, there is a viable expanding retail franchise within Northern Nigeria.

Furthermore, poultry production has not kept pace with economic growth, creating supply & demand imbalances. However, Anadariya continues to bridge the food security gap by developing new products to meet the ever-growing population of Nigeria.

The poultry business has nearly one million square feet of chicken and egg production and processing facilities. Also, the company has a fully equipped feed mill plant and a large poultry processing plant to provide “farm to consumer” integration

More about Anadariya.

Anadariya farm distributes both chicken and eggs. Anadariya’s businesses were created and led by founders with global roots and extensive experience at Fortune 500 companies including Goldman Sachs, General Electric, and Bank of America.

They have more than ten farms with thousands of acres of highly arable farmland for maize, soybeans, and other crops. Also, currently undergoing a commercial expansion leveraging modern irrigation systems as well as farm equipment with a plan in place to launch one of the largest year-round farming projects of its kind and create new agricultural jobs.

2. Folawiyo Farms

Folawiyo Farms is a subsidiary of Yinka Folawiyo Group. The group has been in existence ever since 1957 and later expanded its activities into farming in the year 1986. Today, Folawiyo Farms operates its farm in Oyo state. Its activities include poultry breeding and processing and growing crops such as maize, pineapples, and cassava.

However, they have been able to build a nationwide distribution network for its supplies of fresh eggs and frozen chickens. Furthermore, this farm we are talking about occupies a whooping 308hacters of farmland.

Other things you need to know about the farm

Folawiyo Farms operates six parent stock-rearing houses with a total capacity for up to 100,000 breeders and layers

The processing unit has a capacity for 600 birds per hour, a cold store with a capacity of 15 tons together with an 80 tons mobile cold storage unit, and a central distribution depot with 2,000 tons of cold storage capacity.

To guarantee regular water and energy supply to the farm, Folawiyo Farms operates three water boreholes together with a reservoir of 240,000 liters, as well as independent electricity generators.

3. JMSF AGRIBUSINESS

Here is another farm featured in the article Farming in Nigeria. We categorize them as a farm because they can source any agricultural products you need. However, JMSF is an agricultural advisory services provision consulting firm.

They claim to have a team of experts that have worked in the last 15 years in the International Development sector in Nigeria and Africa delivering results and creating value for stakeholders in the agribusiness industry.

This particular company was incorporated in 2008 but left inactive because the CEO needed to acquire enough capacity, expertise, network, and experience, and to assemble quality fellow experts with confidence to deliver world-class advisory services before deciding to commence operation in the year 2018.

The core values of JMSF are;

Do no harm
Economic growth
Fairtrade
Innovation
Integrity
Sustainability
Value creation

What JMSF offers

Agricultural Advisory Services
Agrotourism
Excellent work environment
Part-time and full-time employment
Shared benefit package
Training Services Provision
Value chain & Market Development projects

4. Jovana Integrated Farms

Jovana Integrated Farm is another farm we will be talking about in the post Farming in Nigeria – Agricultural Farms in Nigeria. It is a leading agricultural project management company with a core focus on breeding and marketing different products such as Fish, Grasscutter, mushrooms, Ostrich, Snails, and so on.

However, they provide also provide services concerning Grasscutter, Ostrich, and other livestock production. They simply offer training, services, and solutions.

There are four things that JOVANA stands on which include;

Mission

Like any other company, they also have a Mission which is to be the number one livestock farm company in Nigeria.

Vision

It is to drive food security across the nation that will take Nigerians out of food dependency to food sufficiency.

Ambition

To foster an environment of creativity and innovation and as a result, re-establish a stable Nigerian society.

Values

Integrity, Innovation, Honesty, Passion, Team Work, and Service Excellence.

5. Nagari Integrated Dairy Farm

Another top Nigerian Agriculture – Farming in Nigeria we will be talking about is the Nagari Integrated Dairy Farm. They are a Group of companies, dealing in indigenous agricultural activities that are dedicated to providing quality services in dairy, farm products, and flour milling.

However, the company is a diversified business entity with a hard-earned reputation for excellent and quality farm products and has its operational corporate headquarters in Keffi, Nasarawa State, Nigeria.

Furthermore, the Group is a diversified and fully integrated conglomerate with international touches. Nevertheless, the Group’s core business focus is to provide local, value-added products and services that meet the basic agricultural and dairy needs of the Nation. Through the construction and operation of large-scale manufacturing facilities in Nigeria, the Group is focused on building local manufacturing and production capacity to generate employment and provide services to the people

Over the years, there has been rapid growth in the company which has made the company carry out environmental programs, and also, the communities have been able to tap from these achievements

Currently, Nagari Group is focusing on yogurt production, fresh milk production, Fresh Farm Produce, Flour Mill, and Cattle rearing with a focus on dairy production

Their products include;

Dairy products: Cheese, Fresh Milk, and Yoghurt
Flour Mill: Corn milling and Wheat milling
Farm product: Fresh Tomatoes, Vegetables, and Grains
Abbatoir: Fresh Meat

Kindly read the full article from the source here https://www.moshinfohub.com/?p=70

To keep up with rising consumer demand, many businesses are reconsidering their procedures and strategies. In fact, according to a recent survey on warehouse automation, 40% of respondents cited a rise in consumer demand as the primary motivator for updating their operations. However, this post will be talking about Automatic Packaging machine in Nigeria, their types, uses, and any other thing you need to know.

Also, I will talk about some of the common packaging machines available in the Nigerian market and I will make another post soon on almost all the packaging machines available.

Before we start, let’s take a look at what is packaging machine.

What is a Packaging Machine

Packaging machines are types of equipment that are used to package items or parts. At various levels of automation, this product category comprises equipment that forms, fills, seals, wraps, cleans, and packages.

Also, the phrase “Packing Machine” refers to a diverse range of machinery used in a variety of sectors. There are thousands of packing machines available, ranging in size from huge to small.

Packaging Machines can be used in filling and sealing liquids, grain, powder, Paste etcetera.

It can also be used to wrap items, weigh products, and secure products throughout transportation and storage with packaging equipment.

Furthermore, all packaging activities, from core packages to distribution packs, rely on packaging machinery.

In addition, Fabrication, cleaning, filling, sealing, combining, labeling, overwrapping, and palletizing are all examples of packaging processes.

Advantages of Automatic Packaging Machine

1. Builds Customer Confidence
People buy visually appealing things. Automation entails high-quality packaging with precise information. This makes a favorable first impression and aids in brand promotion.

Furthermore, consumers can keep machine-wrapped food for far longer than they can with refrigeration alone. As a result, demand for things packed by machines rises.

Your items will be more cost-effective, safe, and appealing with automated packaging.

Select automated packaging equipment that is appropriate for your products. This will allow you to grow your business while maintaining employee safety and profitability.

2. Employee Safety
According to studies, persons walking on warehouse floors cause 20% of forklift accidents. Manual wrapping and palletizing, on the other hand, might result in cuts, tears, and back problems.

However, you may make your warehouses safer by implementing automated packing technologies. You can keep your operators on the forklifts and prevent further injuries by doing so.

3. Productivity
Pallets, cartons, and other products can be difficult and time-consuming to package manually because of the repetitive, boring, and difficult nature of the labor, and can make employees feel exhausted.

Machines can operate at maximum efficiency for significantly longer periods. They also provide significantly faster speeds.

4. Quality
Because they have precise, established settings, automated systems are accurate and consistent. They aid in the improvement of product quality, cycle time, and overall operations.

5. Reduce Wastage
Machines are more cost-effective when it comes to packaging. They employ well-defined patterns to cut the material precisely and maximize its use. This simplifies the packaging process and cuts down on material waste.

6. Sustainability
Many original equipment manufacturers (OEMs) are increasingly designing environmentally friendly packing machinery.

Such machinery not only provides an excellent return on investment (ROI), but it is also environmentally friendly. They utilize fewer resources and emit fewer greenhouse gases.

Some of the Packaging Machine in Nigeria include:

1. Automatic Granule Packaging Machine in Nigeria.

It is also called the Automatic Chin Chin Packaging Machine in Nigeria. It can also be called the plantain chips packaging machine in Nigeria.

This Machine is suitable for packing different kinds of grain products such as; Tea, Chinchin, Popcorn, Peanuts, Plantain Chips, Rice, Beans, Garri, Detergents, Seasoning, etcetera.

It packages these products in bags (nylon).

The machine composition includes; a feeding barrel, rotary measuring cup, thin-film supply equipment, thin-film molder, vertical heat sealer, horizontal heat sealing and cutting, electric control part, machine body parts etcetera.

All the parts that can contact with packing material(food products) are mainly stainless steel.

Automatic Granule Packaging Machine Price in Nigeria ranges from 2.5-7 million Naira.

2. Automatic Powder Packaging Machine in Nigeria

This machine is widely used in packing powder products such as Food, Medicine, Chemical products, etcetera.

It can automatically finish the work of bag making, measuring, filling, hot sealing, print date, batch number, cutting, counting etcetera.

Performance and Features.
This machine adopts a step-less adjustable packing speed in a rated range. An electronic controller could adjust the length of the bag.

Material feeding is adopting the way the stepping motor drives material screws. Vertical and transverse sealing have two ways of temperature control in other to guarantee the sealing quality, which applies to the different backing materials.

There is a photoelectricity tracking the printed material’s color code to have a complete design and automatically have a metal stamp.

Product batch numbers can be printed in color, and easy separating perforation can be done.

Powder Packaging Machine Price in Nigeria ranges from 2.5-7 million Naira.

3. Sachet Water Packaging Machine in Nigeria

Another common Packaging Machine available in the Nigerian market is the Sachet Water Packaging Machine which is used to package treated water in sachets.

Furthermore, it is used to pack a variety of liquids, such as Pure Water, Milk, Soybean Milk, fruit juice, Beverages, Soy sauce, vinegar, and wine are just a few examples.

The packaging material is single-lay PE film. UV radiation, bag sterilization, code printing, exact filling, and synchronization with sealing and cutting are all automated.

This series of machines has been thoroughly tested, and their performance has earned them a strong reputation among users due to their ease of use, smooth functioning, and low failure rate.

The Sachet Water Packaging Machine price in Nigeria is between 1-1.5 million naira.

You can read the full article on https://www.moshinfohub.com/packaging-machine-in-nigeria/

Electric buses produced in Nigeria have been deployed in Maiduguri, the capital of Borno State by Phoenix Renewables. The Company is owned by Mustapha Gajibo, a young Nigerian, who developed the buses.

The locally-made electric buses start operation in Nigeria, Maiduguri, Bornu State already.

However, the cars have been put to work in the popular city, according to a tweet https://twitter.com/PhoenixRlimited provided by the Company, and they have so far carried 21,000 passengers.

Why Choose Electric Cars

As fossil fuel vehicles are now a challenge to the world, because of their emission Phoenix Renewables are providing a solution for Nigerians by producing electric vehicles and providing other renewable energy sources, thereby contributing positively to the climate.

So far, the project had saved the environment 27300g of Carbon monoxide.

Another reason why chose Electric Cars was that it is cheap to run compared to fuel. According to the company, for thirty (30) days they were able to record over 21,000 passengers and have saved them over N1,100,000 by charging them N50 instead of N100.

You can read the full article at https://www.moshinfohub.com/locally-made-electric-buses-in-nigeria-are-now-in-operation

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This post will be talking on the List of Flour Mills in Nigeria. The post didn't just talk about every flour mill in Nigeria but on Top Flour Mills that are really up for the flour business in Nigeria.

Nigeria is a high growth milling market with volumes expected to reach 5 million tonnes in this year 2020 as population growth and urbanization increase the demand for wheat-based products.

Flour milling is a process whereby grain products are grounded to flour form. Examples of grain products are Wheat, Corn, Sorghum, Rice, Beans etcetera. But for the sake of this article, we will be concentrating on Wheat Milling.



How Flour Milling Industry in Nigeria Mills


The First Stage

Grain delivery/storage

This is the first phase in the value chain of the business. Various species
of wheat are used to produce various types of flour.

However, a variety of wheat is more fitting for a particular reason. According to individual characteristics. The wheat used in flour Manufacturing processes in Nigeria is mainly imported.

A strategic position near the port facilitates the move of the grains by conveyors, and directly ship to the grain silos used before milling for storage.

Wheat is stored according to the protein level, variety, and other factors of consistency.

The Second Stage

Cleaning process

The method of cleaning requires different steps.

A method called the removal of foreign materials.

Separation through magnetic and other dividers. Magnetic separators separate pieces of metal from other foreign particles.


The de-stoner

The de-stoner gravity is used to distinguish heavy and light materials to

Withdraw the stones from the Wheat.

Furthermore, in an extreme one, the scourer eliminates other impurities. At the end of the period of washing for milling, the wheat is conditioned in a process called

Calming.

This involves adding water to the grains to get the amount of moisture right. Depending on the variety of wheat, the weather, and moisture level needed. At the end of the tempering process, the wheat grains are eventually ready to be milled in the process.

The Third Stage

Milling

Milling starts with wheat grinding. The function is to accomplish repeated grinding and sifting, coherent end goods. Also, similar rolling mechanisms are used to get various desired results in the grinding process.

A purifier is used to eliminate any particles of bran from the flour, while the grain by-products that do not split serves as livestock feed.

The use of advanced technology and new technology, based on discussions with leading domestic industry players, Equipment allows stable and high levels of production to be achieved.

Quality goods with flour. This is necessary to satisfy the various consumers' needs to retain market share.

List of Flour Mills Companies in Nigeria


1. Crown Flour Mill Limited

For over four decades, Crown Flour Mill has been in the wheat milling sector in Nigeria. Incorporated in May 1971, with only one commodity, Flour, it began milling operations in 1981.

In 2010, Crown Flour Mill was acquired by Olam International (a Global Good and Agri-products multinational headquartered in Singapore). At that moment, Crown Flour Mill had 2 operating factories with just 2 sections; Flour and Semolina products both in Lagos and Warri respectively.

This acquisition brought about a big turnaround in the business. Olam International has brought its capabilities in the agro-technical and supply chain into the business. The corporation multiplied the multiples. Still, it was only in the flour and semolina market.

Crown Flour Mill took a giant step in 2019 and acquired one of the industry's main players, Dangote Flour Mill. This greatly improved the output and distribution potential of the Crown Flour Mill. In the Nigerian flour milling industry, the Crown Flour Mill is now a key player.

These acquisitions have allowed Crown Flour Mill to have a large Wheat Milling portfolio to help cater to customers ' needs and yearnings for more nutritious and affordable options.
Crown Flour Mill has in Apapa, Tincan Island, Beachland, Ikorodu, Ilorin, Warri, Calabar, Port Harcourt, and Kano plants situated in strategic positions throughout Nigeria.

Crown Flour Mill Limited end result is the flour "MAMA GOLD"

2. Dangote Flour Mills

Here is a company to talk about on the list of flour mills in Nigeria. Dangote Flour Mills formerly Tiger Branded Consumer Goods Plc is a Nigerian-based company engaged in flour milling, wheat, and pasta manufacturing and distribution. It started operation in 1999 as a division of Dangote Industries Ltd. It has mills across Nigeria, in places like Apapa, Ikorodu, Ilorin, Kano, and Calabar.
The Company's flour mills have a total installed capacity of 5,000 metric tons (MT) per day.

Besides, in late April 2019, the Olam Group submitted a binding offer to acquire 100% equity of Dangote Flour Mills. Under terms of the transaction, Olam would acquire all the outstanding and issued shares of DFM that it does not currently own through a Scheme of Arrangement. Currently, the Olam Group had fully acquired Dangote Flour Mills.

3. Flour Mills Of Nigeria PLC

Incorporated as a limited liability company and pioneer wheat miller in Nigeria on September 29, 1960, Flour Mills of Nigeria Plc (FMN) on the list of flour mills in Nigeria embarked on a path that has seen the company grow into what is now one of the biggest brands in Africa's food and agro-allied Industry. The FMN brand has evolved tremendously over the years from operating as a single company, flour miller, to a large business group with strategic investments covering key sectors of the Nigerian economy. Operations of the company can be divided into four main grain, sugar, agro-allied, and support services industries.

However, their penetration into the Agric sector began in 1978, with the acquisition of a 10,000-hectare farm in the state of Kaboji, Niger as part of an investment and expansion strategy designed to build value in the supply chain and minimize dependence on the imported raw material. Since then, FMN has made significant investments in the primary processing of locally grown soybean, palm fruit, cassava, maize, sugar cane, sorghum, and locally produced grain storage, aggregation, and distribution. At FMN, they are passionate about 'feeding the people' and have maintained a rich tradition of enhancing the quality of life for Nigerian families for over five decades.

However, the flour gotten/milled by Flour Mills Of Nigeria PLC is then rebranded into different packages with the name "GOLDEN PENNY". For instance, the flour gotten from the wheat milling is rebranded into different types of flour in Nigeria.

Example of flours which was packaged to are:


Golden Penny Whole Wheat Flour
Whole Wheat Flour is made from 100% high-quality whole wheat. It is used for baking brown bread.

Golden Penny Mai Kwabo Flour
Mai Kwabo Flour from Golden Penny is a quality flour, made from a quality wheat blend, for all-purpose baking.

Golden Penny Classic Flour
Classic Flour is a high-quality flour, made from the quality wheat blend, for general purpose baking.

Golden Penny Confectionary Flour
A blend of two high-quality flours used in the preparation of a wide range of confectioneries like puff-puff, meat pie, buns, and cakes. It is versatile, easy to handle, and does not need to be blended with any other flour.

And the list goes on and on...


Flour Mills Of Nigeria PLC Address in Lagos

Corporate HQ
1 Golden Penny Place, Wharf Road,
Apapa, Lagos State, Nigeria.

Flour Mills Of Nigeria PLC phone Numbers
+234 7056891000 +234 7056891111
+234 7056892000 +234 7056892222
+234 7056893000 +234 7056893333

Flour Mills Of Nigeria PLC Email
contactus@fmnplc.com

4. Honeywell Flour Mill

Here is another company to talk about on the list of flour mills in Nigeria. Honeywell Flour Mills PLC (HFMP) is a major Nigerian Milling company and was first registered as Gateway Honeywell Flour Mills Limited in 1985. However, a change in the company's ownership structure resulted in a name change to Honeywell Flour Mills Limited (HFML), in June 1995.

Furthermore, the company's entrance into Nigeria's flour milling market redefined industry norms, as its high quality compelled other players to boost the quality of flour products. Over the years, HFMP has established itself as a market leader in the manufacturing, milling, and packaging of the meal and other wheat-related products.

Also, Honeywell Flour Mills PLC is part of the Honeywell Group, a leading Nigerian indigenous conglomerate dedicated to select businesses in key sectors of the Nigerian economy, namely food & Agro-Allied, Electricity, Real Estate, Services, and Infrastructure.

HFMP is situated in the Tin Can Island Port Industrial Estate, on a four-hectare site. This strategic position makes way for cost-effective raw material reception. The company's equipment is given by Swiss-based Buhler AG.

Also, HFMP currently has a wheat storage capacity of 72,900 MT while monthly usage ranges from 32,000 MT to 40,000 MT. Its warehouse of finished goods can store around 100,000 bags of 50 kg flour.

Currently, the company has a gross installed capacity of 2,610 metric tons per day.

As one of the Flour Mills of Nigeria competitors, they also have different types of flour produced which includes

Honeywell Superfine Flour

Honeywell Superfine Flour is used mainly for baking bread and it is processed from the wheat milling done by the company.

Honeywell Bakers’ Delight Flour

Honeywell Bakers’ Delight Flour is a value brand launched into the Nigerian market in August 2017. It is mainly used in baking bread, snacks, and other confectioneries. Since its launch, it has become one of the fastest-selling flour brands especially in the northern part of Nigeria.

Honeywell Brown Flour

This is used in baking ‘whole wheat’ bread, which is a recommended health food for adult consumers.

And the list continues also.


Honeywell Flour Mills Plc Address

Apapa Office:
Honeywell Flour Mills Plc, NPA Premises, 2nd Gate Bye-Pass, Tin-Can Island Port, Apapa, Lagos, Nigeria.

Ikeja Office:
Plot YABB Mobolaji Johnson Avenua, Alausa, Ikeja.

Honeywell Flour Mills Plc Customer Care Lines

080-80945364, 070-29055258, 01-7932694, 01-7915870 (Monday - Friday 8AM to 7PM GMT)

Honeywell Flour Mills Plc Email

Head, National Sales B2B, Sales - oogunwole@Honeywellflour.com

Head, National Sales B2C, Sales - NNagarkar@Honeywellflour.com

Customer Care Manager - bfabusuyi@honeywellflour.com

5. Life Flour Mill Ltd

Alfred Rewane and Seaboard Corporation founded Life Flour Mill Ltd. in 1973. Here is another on a list of flour mills in Nigeria. The business is a leading producer of wheat-based products, including meal and semolina, and operates throughout Nigeria. However, they have complete control over the wheat from farms through to supplying the goods to their customers along with their partners. Life Flour Mill Ltd. mills only the best quality wheat, using the latest technology, and an in-house transport team also distributes all of its goods.

Also, Life Flour Mill Ltd is known for its product quality, outstanding customer service, and strong corporate governance.

Life Flour Mill Ltd is producing: Premium Life Wheat Flour, Soft Wheat Flour, Whole Wheat Flour, and All-Purpose Flour.

In addition, Life Flour is a quality flour produced to withstand the handling and work on the continuous development of its flour to satisfy the ever-growing demand of its customers. Life Flour Mill Ltd has a large in-house quality team, led by Quality Assurance Manager, assuring at all times that the Flour is meeting the High Life Flour Standard and operating in compliance with the regulatory requirements applicable in Nigeria. All customers and prospects are provided full technical support services throughout the country.

In their customer's bakery, LFML professional bakers do visit them, to evaluate, assist, and advise.

Life Flour Mill Ltd Contact
Address - 354 Ogorode Industrial Estate, Sapele, Nigeria

Life Flour Mill Ltd Phone number
+234 803 962 0194

Life Flour Mill Ltd Mail
info_lifeflourgroup.com, customercare@lifeflourgroup.com


5. Northern Nigeria Flour Mills Plc

Another company to talk about on the list of flour mills in Nigeria is Northern Nigeria Flour Mills Plc is another company to talk about in the post-Flour Mills company in Nigeria. In the beginning, the Company was incorporated as a private limited liability company on 29 October 1971. Furthermore, the Company was converted to a public limited liability company in 1978 and its shares are quoted on the Nigerian Stock Exchange. It is a subsidiary of Flour Mills of Nigeria Plc which holds 53.06% of the Company's equity. Flour Mills of Nigeria Plc is incorporated in Nigeria.


In addition, the Company's main business is the milling of Wheat, Sorghum, Maize, and similar grains.

Northern Nigeria Flour Mills Plc Registered contact

15 Maimalari road,
Bompai Industrial Estate,
Kano.

Postal address P.O.Box 6640
Kano.

Phone No - +234-9-5233067
Fax - 64-639758


6. Olam Group

This is another company to talk about on the list of flour mills in Nigeria. In January 2010, the Olam Group acquired Crown Flour Mill, which has grown to become Nigeria's second-largest miller. At Lagos, Crown Flour Mill has a milling capacity of 1,580 tonnes a day, along with a storage capacity of 48,000 tonnes, while at Warri it has a milling capacity of 800 tonnes a day, with a storage capacity of 20,000 tonnes.

On Jan. 11, 2016, Olam Group announced that it was purchasing $275 million worth of Amber Foods Ltd. from the BUA Group.


The BUA Group, a diversified food and infrastructure business group in Nigeria, is one of the top five wheat millers in the country with 3,760 and 700 tonnes per day of wheat milling and pasta production capacity, respectively," according to the company.


Two wheat mills and a pasta production facility in Lagos, a non-operating mill in Kano, and a wheat mill and a pasta production plant under construction in Port Harcourt were awarded to Olam Group for the acquisition.

"The acquisition would improve the role of Olam as the No. 2 wheat miller by volume of sales and make it a leading pasta player in Nigeria," said Olam.

This move meant a rise from 2,380 tonnes to 6,140 tonnes a day in the Olam's wheat milling capacity.

Olam Group Address

Behind Berth No. 1,
Tincan Island Port, Gate 2,
Apapa, Lagos, Nigeria.

Olam Group Phone Number
(+234) 1 291 5994, (+65) 633 94100, (+65) 6339 4100.

Olam Group mail
Nigeria@olamnet.com
grains@olamnet.com
enquiries@olamnet.com

And other featured companies on the list of flour mills in Nigeria

Do you still need more, then click https://www.moshinfohub.com/flour-milling-industry-in-nigeria/

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