LASG PRESENTS STAFF OF OFFICE TO NEW ONIȘẸ OF ISE KINGDOM. (PHOTOS). #PRESS RELEASE.

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 LASG PRESENTS STAFF OF OFFICE TO NEW ONIȘẸ OF ISE KINGDOM The Lagos State Government has presented the Staff of Office and Instrument of Appointment to Prince Ibrahim Adebowale Saliu, as His Royal Majesty, Alaiyeluwa Oba Ibrahim Adebowale Saliu, the Onise of Ise Kingdom in Lekki Local Government Area. The presentation was performed on Friday, August 21, 2026, by the Special Adviser to the Governor on Rural Development, Dr. Nurudeen Yekinni Agbaje, alongside the Permanent Secretary, Ministry of Local Government, Chieftaincy Affairs and Rural Development, Mrs. Kikelomo Bolarinwa, with the approval of the Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu and the Lagos State Executive Council, following the demise of the late Oba Ganiu Adebowale Adegbesan, Onise of Ise Kingdom. Speaking at the occasion, Dr. Agbaje urged the new Monarch to make peace, unity and inclusive development the pillars of his reign, stressing the important role traditional institutions play in promoting har...
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NIGERIA’S INFLATION TO INCREASE, TRUMP MAY REVERSE TARIFFS — ECONOMIST REWANE. (PHOTO).

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 Nigeria’s inflation to increase, Trump may reverse tariffs — Economist Rewane


The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has said the recent rise in the price of petrol may cause an increase in Nigeria’s inflation rate from 23.18%.

Rewane stated this on Channels Television’s Business Morning show on Tuesday.

“There might be an increase in the rate of inflation because of the increase in the price of petrol but we haven’t seen the corresponding increase in the prices of transport fares so far.

“What we’ve seen in the last few days is that food commodity prices have increased, coupled with the fact that the planting season is here,” he said.

The economist said uncertainties and the fears of recession have become very palpable with the imposition of tariffs on imported products to the United States by the Donald Trump presidency.

According to him, the prices of gold and crude oil have been impacted by the tariff war started by the Trump presidency.

“The United States has disrupted things with its policy initiatives. The United States, I think, will reverse some of those decisions when they begin to impact everybody. We are in a political system. 2026 is going to be mid-term elections and I think the United States is going to begin to retrace some of its steps,” he added.

The economist, however, warned against panic, saying the volatility would be for a short while.

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