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...
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LVMH CONSIDERING SALE OF 50% STAKE IN RIHANNA-BACKED FENTY BEAUTY, SOURCES SAY. (PHOTO).

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 LVMH considering sale of 50% stake in Rihanna-backed Fenty Beauty, sources say

Luxury conglomerate LVMH is reportedly considering selling its 50% stake in Fenty Beauty, the cosmetics brand co-owned with Grammy-winning singer and entrepreneur Rihanna. The company is said to be working with investment bank Evercore on the potential transaction, according to sources familiar with the matter.

Fenty Beauty, launched by Rihanna in 2017 with the support of LVMH’s beauty incubator Kendo Brands, has become known for its inclusive range of products catering to diverse skin tones. The brand generated roughly $450 million in net sales in 2024 and could be valued between $1 billion and $2 billion, according to sources. Rihanna, who also owns lingerie brand Savage X Fenty, has built Fenty Beauty into a global presence with products sold in stores like Sephora and online platforms such as Amazon.


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