THE LAGOS STATE WASTEWATER MANAGEMENT OFFICE (LSWMO), YESTERDAY, SEALED OFF SOME BUILDINGS/PROPERTIES ACROSS THE STATE OVER DIFFERENT ENVIRONMENTAL INFRACTIONS.(PHOTO). #PRESS RELEASE

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 The Lagos State Wastewater Management Office (LSWMO), yesterday, sealed off some buildings/properties across the state over different environmental infractions. They are; * A property on 34, Adeniji Adele, Lagos Island for deliberate discharge of raw sewage into the public drain causing offensive odour and sewage flowing in the community, constituting public nuisance, environmental pollution and endangering human life. * A block of Shops along Powerline Road, Meiran, Alimosho, for the illegal construction and operation of unsanitary toilet facility on a road setback without a permit, constituting public nuisance, environmental pollution and endangering human life. * A three-storey building at 38, Adeniji Adele Street, Lagos Island for deliberate discharge of raw sewage into the public drain. * A building at H29, House of Jesus Street, Langbasa, Ibeju-Lekki, Lagos, for the deliberate discharge of raw sewage into the public drains. Residents are urged to adopt proper wastewater mana...

NAIRA DEPRECIATION CONTINUES AS DOLLAR SUPPLY FALLS TO ALL-TIKE LOW AT DOREX MARKET. (PHOTO).


 Naira depreciation continues as dollar supply falls to all-time low at forex market


Naira depreciation continued as US dollar transactions at the official foreign exchange market dropped to an all-time low of $84.38 million.


This is according to FMDQ data at the close of work on Thursday.


The day-to-day FX supply turnover dropped from $160.77 million on Tuesday to $84.38 million on Thursday.


Consequently, the Naira further dipped to N1459.73 per dollar on Thursday from N1416.57 on Wednesday.


This represents an N43.17 depreciation against the dollar at the official foreign exchange market.


Similarly, the Naira dropped to N1,450 per dollar on Thursday in the parallel market section, compared to N1,438 the previous day. This brings the gap between the official and parallel markets to N9.73.


Naira’s depreciation has been consistent for days now in the FX market.


The country’s forex instability has persisted despite the recent surge in foreign reserves by $262 million.

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