LAWMA URGES DILIGENCE IN MEDIA REPORTING AS IT CLARIFIES OPERATIONAL REALITIES. (PHOTO). #PRESS RELEASE.

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 LAWMA URGES DILIGENCE IN MEDIA REPORTING AS IT CLARIFIES OPERATIONAL REALITIES The Lagos Waste Management Authority (LAWMA) has urged media organisations to exercise diligence and contextual accuracy in reporting on waste management operations as it clarifies the operational framework guiding solid waste collection and disposal across Lagos State. The Managing Director/Chief Executive Officer of LAWMA, Dr. Muyiwa Gbadegesin stated this on Friday while responding to recent media reports on waste evacuation challenges in parts of the state. He explained that routine household waste collection was executed by licensed Private Sector Participant (PSP) operators under strict regulatory supervision and performance monitoring, contrary to assertions that LAWMA was directly responsible for carting away municipal solid waste from households. “LAWMA enforces defined service benchmarks and maintenance standards while activating targeted interventions wherever performance gaps are identified....
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30 BANKS MEET NEW CBN CAPITAL REQUIREMENTS. (PHOTO).

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 30 BANKS MEET NEW CBN CAPITAL REQUIREMENTS


The Central Bank of Nigeria says the banking sector recapitalisation programme introduced in 2024 is progressing steadily, with financial institutions strengthening their capital base to meet new regulatory thresholds.


A statement by the Acting Director of Corporate Communications at the bank, Hakama Sidi Ali, says thirty banks have already met the new minimum capital requirements tied to their respective licence categories.


The statement adds that thirty-three banks had raised additional capital through rights issues, initial public offerings and private placements as part of the recapitalisation programme.


The CBN notes that the capital positions of the remaining banks are currently undergoing routine verification ahead of final confirmation of compliance within the stipulated timeline.


The apex bank reiterates that Nigeria’s banking system remains stable and sound, stressing that the recapitalisation initiative will further strengthen banks’ capacity to support households, businesses and sustainable economic growth.

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