According to the Nigeria Interbank Settlement System (NIBBS), the value of Point of Sale business in Nigeria has surged 39 per cent to N8.03 trillion in the first half of 2022.
The Punch reports that PoS transactions were estimated at N5.77 trillion between July 2020 and July 2021.
But between July 2021 and July 2022, the volume of transactions jumped to N8.03 trillion, showing a 39 per cent increase over that period.
It accelerated from a total volume of 921.19 million transactions between July 2020 and July 2021 to 1.20 billion transactions from July 2021 to July 2022.
According to NIBBS, the highest number of transactions in POS transactions was 2.067 million recorded in just a month.
Working full-time and having jobs on the side can be difficult.
PoS operators are making huge money despite the presence of banks in Nigeria.
The business thrives mostly in remote areas with little banking activities.
Operators charge a certain percentage from customers to effect transactions, ranging from withdrawals, deposits and fund transfers.
The presence of e-commerce businesses has made delivery more essential.
People can get just anything delivered – from food, groceries, clothes and many other things.
The delivery business is a very lucrative side business because you can control how much you want to work.
People who own motorbikes can register them on platforms like GoKada or OPay and make some extra cash.
If you have a flare for writing, you must consider taking up this side hustle. While blogging takes more time to start, it is very rewarding.
Despite the time it takes to develop your writing, you can earn about N600,000 to N1 million from owning a blog.
The key is consistency and specificity.
To grow your blog, you need to post at least three times weekly, and the more specific your content is, the better you have to make a difference.
Blogging allows you to know your expertise and allows others to trust your content, which gives room for advertisers to consider patronising you.
The gaming business is worth about $90 billion, according to Maliyo Games founder Hugo Obi.
