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Guide on How to Establish Barbing Salon Business in Nigeria

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Barbing Salon Business

By Ashemiriogwa Emmanuel

Amid economic instability and the high unemployment rate in Nigeria, one of the smartest ways you can stay financially independent is by venturing into an entrepreneurship business that requires vocational skills.

Even when operated as a side hustle, this can fetch more money than imagined, especially when it is an often-required product or service that is offered to people in your immediate community.

Barbing salon business is one of the most lucrative ideas one can think about, especially when it is properly managed. And interestingly, it does not cost an arm and leg to keep the business running. In fact, the business is not limited to males as women have become interested in this line of work.

However, as with other jobs, breaking into the venture here in Nigeria, especially from scratch, is not as easy as it seems. Whether one plans to operate on a small, medium, or large scale, the nitty-gritty of starting a barbing business must not be ignored.

Hence, Business Post conducted a survey, interviewing well-established barbershops owners in Lagos who are raking in impressive profits from the venture and how they scaled from scratch.

One of those was Mr Haruna Oladele Jimoh, owner of Ijoba Last Born Haircut in Alimosho Local Government Area in Lagos, as well as Son Of Mercy Haircut (SOM) CEO, Mr Sunday Akinosun who is the founder of the establishment.

Learning the Skill

If one is looking to start a profitable barbing salon business, it all begins with learning the craft hands-on. Barbing, in itself, is a delicate art that commands expertise from the practitioner if he wants to have customers return for another haircut.

Thankfully, with the internet, one can learn almost anything in this world. A look at YouTube can provide a basic guide to barbing practices, techniques, and maintenance.

However, speaking on this with Mr Jimoh, he noted that learning this special skill online is not as effective as acquiring the skill through training, and will reflect in the long run.

“For instance, while I teach my apprentice, they are not just learning the barbing aspect, I teach them the business aspect; how our customers are uniquely treated, how to maximize profits and pay required bills, and how to manage the business overall,” he explained.

In addition, learning the skills from an already established personnel will give you leverage on certification, qualification, and smooth referrals when you finally cut out.

From what was gathered from a cross-section of barbershops owners, it can take five months of training in hair cutting, hair styling, and hair treatment, and the cost for this can vary depending on the establishment you choose to learn in.

Location, Renting a Shop, & Home service

In the view of SOM Haircut’s CEO, Mr Akinosun, “The business is very competitive, every corner you go around here, you will see a barbershop. That is why it is good to know your work very well and have your set of customers that you can even deliver home service.”

Observing most of the barbing salons that are doing outstandingly well, it was noticed that their location strategically ticks the boxes of clean, accessible, commercialised, and serene environments which attract ideal customers.

The location will also influence how much it will cost you to rent/buy your first barbershop. Fortunately, you will not need to rent a huge shop as you are just starting. Mr Akinosun hinted that, depending on how big one intends to start, one can expect to pay anywhere from N200,000 to N2 million for this.

Basic Salon Kits & Equipment needed and their cost

What you will be able to buy at the early stage of the business depends on your budget. But since you are just starting, it is important to get hold of the necessary kits, tools, and equipment first, then you can get others as time goes on.

Most of the barbers interviewed for this publication roughly highlighted these necessary kits needed for a start below – along with the average price you can get them in the market (as at the time of writing):

Hair clippers: It is good to have two or three clippers for a start and the cost is influenced by the brand and type. A new and quality hair clipper in the market costs between N14,000 and N16,000.

Cover clothes: Professional Baber cape is necessary to cover the customer while you do your work to prevent hairs or debris from ruining their cloth look. Three or four will be enough for a start, and each can cost you N2,500 at most.

Sterilizing and Disinfectant Supplies: This is to ensure the safety of your barbing tools, especially sharp equipment to keep them sterilized. The machine can be quite pricey but expect to pay anywhere between N15,000 and N60,000 depending on the brand, type, and size.

Mirrors & Fans: A barbershop is not complete without a mirror. The cost of a single large wall mirror can range from N20,000 to N25,000, and there should be at least two mirrors for your barbing salon. Fans are also necessary, but over time, can be replaced with air conditioners.

Hair products and cosmetics: These include hair creams, hair sprays, dyes, powder, aftershave, relaxers, conditioners, and so on, and the prices will be determined by the quantity you buy for a start and N10,000 should be enough for these items.

Standby generator: Most importantly, you will need a durable, standby generator to power electricity, since the power supply cannot be relied upon at all times, especially here in Nigeria and you might need about N65,000 for a 1.3Kva or N100,000 for a 2.5Kva.

Other miscellaneous tools are combs, hairbrush, scissors, blades, and tissue papers, barbers duster brush, and neck strap.

Other important furnishing areas which can make your barbershop stand out and more appealing to your new customers are:

A very good and comfortable revolving chair (two is ideal for a start and the cost is between N30,000 and N60,000 each)

An ergonomic, waiting chair/couch for customers for N45,000

Paint the shop to create your own unique style. This should about N25,000

Paste barbing salon pictures & wallpapers, which should cost about N500 each

TV or music player to entertain customers. A new 32-inch television costs about N80,000

“[By and large], you should be putting aside between N350,000 to N500,000 (for accessories) to successfully establish your first barbing salon. Afterwards, you can get other necessary resources,” Mr Akinosun of SOM haircut pointed out.

Getting Registered, Licensed & Joining Association

As with other businesses, it is very important in Nigeria to get your barbing salon business registered. In addition to the certification from your trainer, you should also register with a government authority like the Corporate Affairs Commission (CAC). Sadly, not all barbershop owners pay attention to this, but the sooner you get it done, the better.

Also, you will need to know what license you need to get for your business as applied to your location to avoid unnecessary embarrassment from government or union officials in the long run.

“As a new player in the business, it is beneficial to make inquiries and join the association [Lagos State Berbers Association (LASBA)]. For instance, to join, you go to the head office, and will usually be required to pay about N15,000 as a registration fee to become a member,” Mr Jimoh told our correspondent.

Hiring Employees Vs Accepting Apprentice

If you have an investor mindset towards the barbing salon business, then you will consider employing barbers that are ready to deliver the best quality services to your customers. This is, however, only feasible when you have enough financial resources to back this up.

But if it is the other way, then you might consider accepting apprentices to train them, and see that they handle your business anytime you are not around.

It was learned that most barbers prefer to accept apprentices, especially at the early stage, not only because it brings in more money (apprentice will be paying [between N20,000 and N50,000 or above] for the training and exposure), but also because it gives the barbershop owners the medium to unlearn and relearn their skill when passing down the knowledge.

Keep in mind the challenges

Gathering the responses from the few barbershop owners interviewed, it was observed that a total income of N300,000 can be potentially realized within a month from the barbing salon business if well operated.

Now, this may sound rosy for a starter, but it is important to also keep in mind the potential challenges such as the really saturated market, the fact that most people already have a steady barber, coupled with unfaithful and fraudulent apprentice/employees.

In addition, according to Mr Jimoh, “Power supply is a major challenge. Not just because it is not stable, we are used to that already and that is why we have our generators, but also because the bills for power supply are always increasing, especially for us without the prepaid meter yet.”

Conclusion

Of truth, barbing salon business is still a lucrative venture in Nigeria, despite the high competition. Being a newbie in the business, keep in mind that the first impression matters a lot.

Once you are able to get these basic resources outlined above to begin your business, make sure that you give the best to your new customers within the first few weeks, then leave the publicity/awareness for your new, happy customers.

Over time, you will eventually see the need to invest in add-ons to plush up your salon with videos games, table tennis or snooker board, or even subtle selling of food and drinks.

Starting and Managing a Profitable Catfish Farming Business in Nigeria

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Economy

Eni Targets Nigeria’s Deepwater Sector After OPL 245 Split

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Shell Eni OPL 245

By Adedapo Adesanya

Italian oil major, Eni, is positioning to embark on deepwater exploration investment in Nigeria after President Bola Tinubu met its chief executive Officer, Mr Claudio Descalzi, in Abuja to discuss the company’s deepwater expansion plans.

This follows the recent conversion of Oil Prospecting Licence 245 (OPL 245) into new development and exploration licenses.

Under an agreement with the Federal Government of Nigeria, OPL 245 has been converted into two Petroleum Mining Leases (PML 102 and 103) and two Petroleum Prospecting Leases (PPL 2011 and 2012), following a mutually agreed settlement of claims and the discontinuation of arbitration proceedings at the International Centre for Settlement of Investment Disputes (ICSID).

Nigerian Agip Exploration Limited will operate the licenses alongside partners Nigerian National Petroleum Company (NNPC) Limited and Shell Nigeria Exploration and Production Company Limited (SNEPCO).

The conversion clears the path for the development of the Zabazaba and Etan deepwater fields under PML 102 and 103.

The Etan-Zabazaba project is estimated to contain approximately 500 MMbbl of reserves and is planned around a 150,000-bopd floating production, storage and offloading (FPSO) facility. Associated gas volumes of up to 200 MMscf/d at peak are expected to be exported to Nigeria LNG.

Eni, which has operated in Nigeria since 1962, also discussed its broader offshore portfolio, including interests in the Abo and Bonga fields and Nigeria LNG.

The company recently increased its stake in OML 118 to 15 per cent, reinforcing its position in Nigeria’s deepwater sector, where it currently produces approximately 55,000 barrels of oil equivalent per day on an equity basis.

Business Post reported earlier this week that Nigeria has broken up the OPL 245 oil block into four new assets to be operated by Eni and Shell, potentially settling the future of the field at the centre of one of the oil industry’s biggest historic corruption trials.

The agreement clears the way for the development of OPL 245, one of Nigeria’s biggest deepwater reserves that has remained untapped for almost three decades amid overlapping lawsuits in multiple countries.

The block is estimated to hold up to 9 billion barrels of oil equivalent in reserves, enough to rival Nigeria’s entire proven reserves if fully developed.

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Economy

Linking Macroeconomic Trends to Personal Financial Goals Vital—Delano

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Stanbic IBTC

By Aduragbemi Omiyale

The Executive Director for Personal and Private Banking at Stanbic IBTC, Mr Olu Delano, has stressed the need to link macroeconomic trends to personal financial goals.

At the 2026 Regional Economic Outlook Series of Stanbic IBTC recently, he said, “Whether planning for retirement, funding education abroad, or expanding a business, improved stability creates opportunities. But those opportunities require careful structuring around foreign exchange dynamics, inflation trends, and interest rate movements.”

Business Post reports that the regional investor summit was designed to provide high-net-worth individuals, investors, business leaders, and senior executives with clarity in a rapidly evolving economic environment.

Hosted in Lagos, Abuja, and Port Harcourt, the series served as a strategic platform for translating Nigeria’s reform momentum into practical investment and business decisions.

It featured a keynote address by Professor Adedipe, whose insights set a strong analytical foundation for the conversations that followed. His presentation unpacked structural reforms, fiscal recalibration, and the direction of monetary policy, offering attendees a comprehensive perspective on Nigeria’s growth trajectory and the discipline required to sustain macroeconomic stability.

Across all three cities, Stanbic IBTC’s subject matter experts and industry professionals moved the discussion from macroeconomic signals to market strategy. Sessions were structured to bridge economic context with sector-specific opportunities, portfolio construction frameworks, and risk management considerations. The focus extended beyond understanding the environment to making informed, disciplined decisions within it.

A recurring theme throughout the summit was the evolving monetary policy cycle. Discussions examined the Central Bank of Nigeria’s tight stance in addressing inflationary pressures and stabilising the currency.

Participants also considered the potential implications of a gradual policy easing cycle, particularly for fixed income instruments, equity positioning, and broader asset allocation strategies. Emphasis was placed on timing, selectivity, and portfolio resilience.

Beyond markets, the conversations addressed the practical realities of wealth and business strategy. High net worth individuals gained clarity on diversification, currency exposure, and inflation management, while business leaders explored how improving macroeconomic stability can support capital allocation decisions and long-term expansion plans.

The chief executive of Stanbic IBTC Asset Management, Ms Busola Jejelowo, reflected on the quality of engagement across the regions.

She noted that the depth of questions and analytical rigour demonstrated a maturing investment culture and a growing appetite for data-driven strategies.

According to her, the series was not only about presenting forecasts, but about equipping clients with structured frameworks for navigating uncertainty.

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Economy

Coronation Registrars Processes N1.28trn Dividends for Stock Investors

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Coronation Registrars

By Adedapo Adesanya

Coronation Registrars Limited processed N1.28 trillion in dividends for the year 2025, representing over 40 per cent of the total dividends distributed on the Nigerian Exchange (NGX) Limited.

This information was revealed by the company in its 2025 performance scorecard, highlighting its continued role in supporting transparency, efficiency, and investor confidence within Nigeria’s capital market.

According to the company, the performance underscores its scale and the trust placed in it by leading publicly listed companies, which it helps in administering dividend processing. Other functionalities include managing shareholder records, corporate actions, and investor communications while ensuring compliance with regulations of the NGX and the Securities and Exchange Commission (SEC).

Coronation Registrars also recorded 34.8 per cent market share of the NGX by market capitalisation, while maintaining 64 per cent coverage of companies listed on the NGX Premium Board, reflecting strong partnerships with some of Nigeria’s largest and most influential issuers.

Operationally, the registrar facilitated 1.99 million buy and sell transactions in 2025, while managing 2.91 million shareholder accounts across its registrar’s portfolio.

The organisation also continued to address the longstanding issue of unclaimed dividends. In 2025, N3.67 billion in legacy unclaimed dividends was successfully returned to investors, helping reconnect shareholders with previously outstanding entitlements.

To further strengthen shareholder record accuracy and service efficiency, Coronation Registrars processed over 513,000 Know-Your-Customer (KYC) and shareholder account updates, including Clearing House Number (CHN) updates and record changes.

Commenting on the milestone, the Managing Director of Coronation Registrars Limited, Mr Seyi Owuturo, stated, “Our 2025 scorecard reflects the responsibility we carry as custodians of shareholder records and facilitators of dividend distribution for many of Nigeria’s leading companies. We remain committed to improving investor access, strengthening operational efficiency, and supporting the continued development of Nigeria’s capital market.”

Coronation Registrars said it remains focused on leveraging technology, operational excellence, and strong issuer partnerships to deliver reliable registry services while supporting the evolving needs of shareholders and listed companies.

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