Classic business philosophy teaches that a great part of survival and subsequent success lies in an operation's ability to reduce mistakes. The cost or repairing the mistakes is inversely proportional to the amount of profit potential of the operation. In other words..."Mistakes Kill the Profit Margin!!!!!" Classic business philosophy teaches that a great part of survival and...
You are in the process of trying to sell your house and have your marketing up and running. So, how do you convert callers into offers? Here is one method. Once you have decided to sell a home, there are a couple of steps you have to take. The first is to get the home ready for marketing by doing repairs, landscaping and so on. Once you are ready to go, you have to start marketing the...
What's the difference between Rental and investment property? If you're thinking about investing in real estate to make money, you need to first determine your financial goals. Do you need to make money quickly, invest for your children's university fund, or build wealth for your retirement? If you're thinking about investing in real estate to make money, you need to first determine...
Lagos State Government has opened an amnesty window on Planning Permits in the form of a three-month moratorium in penalties on completed buildings without Planning Permits across the State. A statement issued on Monday by the Permanent Secretary, Office of Physical Planning, Engr. Oluwole Sotire, said property owners and developers of existing (completed) developments without...
The recently enacted Law of Lagos State Real Estate Regulatory Authority (LASRERA), signed by Governor Babajide Sanwo-Olu, in 2022, empowers the agency to collaborate with Federal Government enforcement agencies to combat fraudulent practices effectively. ...
The Central Bank of Nigeria (CBN) has declared a significant increase in the minimum capital requirements for banks, marking the first such move in almost two decades. This initiative by the leading bank is aimed at strengthening an industry grappling with high inflation, devaluation of the naira, and a sluggish economy....
Nigeria’s real estate sector has enormous potential, given rising urbanization, uncensored population growth, and housing needs. However, it remains bogged down by challenges like unclear or impaired land titles, exorbitant costs of available real property, bureaucracy, unnecessary and avoidable infrastructure deficits, and lack of transparency and inefficiency, not only in...
The Lagos State Building Control Agency (LASBCA) has emphasized that developers must obtain a letter of authorization before initiating construction on any building within the state. Gbolahan Oki, the General Manager of LASBCA, made this declaration during the presentation of authorization letters to developers of the Lagos Arena....