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Nigerians owe N2.06 trillion in personal loans as borrowing to survive overtakes borrowing to invest

Personal loans held by Nigerians rose to about N2.06 trillion in May 2026, CBN data shows, as households increasingly borrow to cope with rising living costs.
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NYSC kidnap: Ransom drops from N1 billion to N100 million as police say camp is mined with IEDs

Kidnappers holding 20 prospective corps members in Imo State have cut their ransom from N50 million to N5 million each as parents report the captives are being beaten.

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Business

CBN Directs Banks to Publish Dormant Accounts

All banks must use national publications to disclose both dormant accounts and unclaimed balances according to CBN regulations.
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Ondo Lawyer Arraigned for Alleged Defamation of The Governor

The Nigerian court now tries Ondo lawyer Wale Odusola on defamation charges because of his Facebook comments about Governor Aiyedatiwa.
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How Nigerian Farmers Are Making a Fortune From Organic Exports

Nigerian farmers are capitalizing on the growing global demand for organic products, transforming traditional agriculture into profitable export ventures.
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Benin Attack Kills Six Soldiers, Army Responds With 17 Neutralized

The defense forces of Benin lost six soldiers during counterattacks against enemy forces which had conducted an assault near the northern border.
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Resident Doctors Commence Strike at UCH Due to Blackouts

The doctors who work in UCH began an endless strike because of electrical power problems in Ibadan.
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How Nigerian Teachers Are Surviving on Side Hustles

Facing financial challenges, Nigerian teachers are turning to side hustles such as private tutoring and online teaching to supplement their income.
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7 Ways Nigeria Can Become Africa’s Tech Hub and Lead Innovation

Nigeria has the potential to become Africa’s leading tech hub. Discover key strategies to improve infrastructure, funding, and innovation for long-term growth
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43,923 Candidates Score Five Credits in 2024 WAEC Exam

WAEC releases 2024 results, with 43,923 candidates scoring five credits.
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Nigeria to Absorb 28,000 Health Workers Amid Aid Shift

The Nigerian government plans to maintain healthcare employment of 28,000 workers since US foreign aid policy evolves.
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The Shocking Truth About Counterfeit Drugs in Nigeria

Counterfeit drugs in Nigeria are causing severe health issues and fatalities, necessitating urgent regulatory and public awareness measures.
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The Shocking Cost of Being a Socialite in Nigeria

The Nigerian socialite lifestyle is glamorous but financially demanding, with hidden costs beyond just attending events and parties.
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7 Nigerian Political Scandals That Shook the Nation’s Foundation

Nigeria’s political history is filled with scandals—from corruption to electoral fraud. Explore seven major controversies that shaped the nation’s governance
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Nigerians owe N2.06 trillion in personal loans as borrowing to survive overtakes borrowing to invest

Personal loans held by Nigerians rose to about N2.06 trillion in May 2026, CBN data shows, as households increasingly borrow to cope with rising living costs.
News

NYSC kidnap: Ransom drops from N1 billion to N100 million as police say camp is mined with IEDs

Kidnappers holding 20 prospective corps members in Imo State have cut their ransom from N50 million to N5 million each as parents report the captives are being beaten.
News

Suspected Boko Haram terrorists kill 15 farmers gathering firewood in Borno’s Marte area, three still missing

Suspected Boko Haram terrorists have killed 15 farmers working their fields and gathering firewood in Marte, Borno State, with police searching for three still missing.
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N50 million each: Families of 19 abducted NYSC graduates face N950 million ransom demand

Kidnappers are demanding N950 million, or N50 million each, for 19 prospective corps members abducted on the Owerri-Onitsha Road in Imo State on Thursday.