sincerely, this thread has really given me much insight.

I thank the poster for bringing up this issue, as there are many entrepreneurial venture that have died due to lack of funding. What is all about this Nigerian factor?
Personally, i and a friend started a business late last year, still in business anyway. My point is that we have used up our sweat capital up to the point where we feel we need external investment to carry on and secure some things.

Actually, we are a business in the dot.com industry.
If as an angel or venture investor you think you can help, pls send me an email: aybanky@gmail.com

Thank you for the different responses. They have been really helpful. I need more suggestions before i commit this money to a business venture. But, none of you have shared your opinion on scoopafrica.com

Hello nairalanders,

What kind of business can i start with 1 million naira that would bring huge returns in 2011? I am also interested in partnership considerations.

I heard that the owners of scoopafrica.com wants to sell off their website for N1m (though, i dont know how true the info is). Did you hear anything about the sale? I intend contacting the owners, but i just felt like reading your opinion.