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 DROPS TO 22.97%.(PHOTO).

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 Nigeria’s inflation drops to 22.97%


The National Bureau of Statistics, NBS, on Monday, announced that Nigeria’s headline inflation rate has dropped to 22.97 percent.


NBS said the May 2025 headline inflation rate decreased 0.74 per cent compared to the April headline inflation rate.


According to the statistics office, inflation declined significantly to 1.53 percent in May from 1.86 percent in April, on a month-on-month basis.


This indicated a slower pace in the rise of prices across the economy.


On a year-on-year basis, the NBS said the headline inflation rate was 10.98 per cent lower than the rate recorded in May 2024 (33.95 per cent).


It stated that the easing in inflation was driven by a slowdown in price increases across key segments, including farm produce, utilities, clothing, and health.


Also, NBS announced that food inflation declined to 21.14 percent in May from 21.16 percent in April.


The statistics office attributed this sharp decline largely to base-year effects following the inflation rebasing methodology.


On a month-on-month basis, however, food inflation increased marginally to 2.19 percent in May from 2.06 percent in April.

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