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How much can I make daily from POS business in Lagos?
If you're serious with your POS business in Lagos, you can make ₦5,000 to ₦15,000 daily, depending on your location and how many customers you get. I dey run my own POS stand inside Ikotun market and I see at least 200 customers daily. Here’s how the money breaks down: 1. Cash Withdrawal Charges – IRead more
If you’re serious with your POS business in Lagos, you can make ₦5,000 to ₦15,000 daily, depending on your location and how many customers you get.
I dey run my own POS stand inside Ikotun market and I see at least 200 customers daily. Here’s how the money breaks down:
1. Cash Withdrawal Charges – If you charge ₦100 per ₦5,000, and 100 people withdraw ₦5k daily, that’s ₦10,000 already.
2. Deposits & Transfers – I charge ₦50 to ₦100 for deposits, and people dey send money steady on Mondays and Fridays.
3. Other Services – Airtime, cable, utility payment go add small extra.
But no lie, everything depends on:
Your location (bus stop, busy junctions pay more)
Your daily float (you need cash to serve people)
Bank/network wahala (network dey kill business sometimes)
I started with Moniepoint, then opened second POS with Opay. Moniepoint get better commission, but Opay fast pass.
No sitdown for quiet area o. Lagos POS na hustle, not cruise.
If you position well, you fit collect like ₦300k–₦450k monthly with steady effort.
See lessWhich POS machine is the cheapest to get in Nigeria in 2025?
Right now for 2025, the cheapest POS machine you fit get fast and cheap is Opay Mini POS — na just ₦8,500 to ₦10,000 depending on your area and agent. No stress, no long paperwork. I got mine inside Computer Village same day I applied. If you dey look for low-cost one, avoid Moniepoint first becauseRead more
Right now for 2025, the cheapest POS machine you fit get fast and cheap is Opay Mini POS — na just ₦8,500 to ₦10,000 depending on your area and agent. No stress, no long paperwork. I got mine inside Computer Village same day I applied. If you dey look for low-cost one, avoid Moniepoint first because dem dey charge POS caution fee of ₦21,500 now. Kuda used to be cheap too but dem don pause new POS rollout for now.
Forget the hype, if na small hustle you wan start, Opay or PalmPay Mini POS go do the job. But make sure your location get good network and people wey dey withdraw cash steady. Na your transaction volume go cover your cost quickly.
See lessSome agents dey even sell used machines cheaper if you sabi bargain. Just no buy any POS from Facebook sellers wey no get store — 2025 still get scammers everywhere.
Can I collect loan from multiple apps at once in Nigeria?
Yes, you can collect loans from multiple apps at the same time in Nigeria, but you need to be very careful. A lot of Nigerians do it — they collect from Palmcredit today, then borrow from Carbon or FairMoney tomorrow. As long as your BVN isn’t blacklisted and you haven’t defaulted, most apps won’t kRead more
Yes, you can collect loans from multiple apps at the same time in Nigeria, but you need to be very careful. A lot of Nigerians do it — they collect from Palmcredit today, then borrow from Carbon or FairMoney tomorrow. As long as your BVN isn’t blacklisted and you haven’t defaulted, most apps won’t know what you owe elsewhere.
See lessThese loan apps don’t really talk to each other in real-time. That means if you apply for ₦20k on Branch and another ₦30k on Okash, both might approve you without knowing what the other is doing.
Some of the popular loan apps people use for this include FairMoney, Carbon, Palmcredit, Branch, QuickCheck, Renmoney, and Aella Credit. It’s common when someone urgently needs a higher amount than one app is willing to offer.
But here’s the catch — this method can land you in serious wahala.
First, if you default on one app, others may start rejecting your loan applications. They may eventually share your credit data or report you to CRC (Credit Bureau). Some apps will even threaten or harass you, calling your contacts or sending embarrassing messages.
Secondly, interest rates pile up. Imagine paying 25% on Palmcredit and another 30% on Branch. That’s a lot of pressure if you don’t have solid income to back it up.
So, while yes — it’s possible and even easy to borrow from multiple loan apps in Nigeria — it’s a very risky move. Only do it if you have a plan to pay them all back fast. Don’t use loan apps for lifestyle things or giveaways — use it for something that can bring money back, like business or emergency needs.
Which loan app can give me ₦100,000 without BVN in Nigeria?
Nobody wey serious go do that. All this “no BVN” loan talk na mostly fake or setup. The real apps dey protect their money. Any app wey tell you say ₦100k dey possible without BVN: Go ask for access to all your contacts Fit disgrace you if you no pay Go hit you with interest wey go make you shout BetRead more
Nobody wey serious go do that. All this “no BVN” loan talk na mostly fake or setup. The real apps dey protect their money.
Any app wey tell you say ₦100k dey possible without BVN:
Better still, give them BVN, use legit apps like Carbon or FairMoney, and borrow small-small till your limit grow. That’s the honest route.
See lessWhich app is better for instant loan — Carbon or Fairmoney?
None of the loan apps are good. All of them charge interest money and interest is a really bad thing. It increases your debt and it has a major ikoa t in your overall savings. Moroever, these loan apps are notorious for collecting and selling personal data and this can also lead to problems relatedRead more
None of the loan apps are good. All of them charge interest money and interest is a really bad thing. It increases your debt and it has a major ikoa t in your overall savings. Moroever, these loan apps are notorious for collecting and selling personal data and this can also lead to problems related to identify theft and data leak. I have noticed that there have been many cases where the mafia behind such kind of loan apps even blackmail the borrower. This can lead to misuse of personal data in an inappropriate manner. Authorities are powerless against such kind of loan apps, it seems.
See less