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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

MTN, Transcorp Power Propel Stock Market’s Weekly Gains

The NGX ASI shows growth of 1.2 percent through its first week of February marking the start of year-end earnings reporting.
Business

Nigeria’s Inflation Set to Decline to 26 percent in 2025 – PwC

According to PwC projections for 2025 Nigeria's inflation rate should reach 26% while GDP growth remains modest and exchange rates stabilize.
Business

SEC Warns All Nigerians Investing Through Risevest, Stecs

Regulatory authorities from the SEC issued warnings to Nigerians about the risky investment schemes operated by unlicensed cryptocurrency platforms Risevest and Stecs.
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5 Global Issues Nigeria Is Actively Addressing

Nigeria actively tackles global challenges, including malaria vaccination, security collaborations, environmental sustainability, and climate action policies.
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5 Tech Tools Every Nigerian Entrepreneur Should Know About

Nigerian entrepreneurs can enhance productivity with tools like Slack, QuickBooks, and Google Drive, simplifying communication, finances, and operations.
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National Assembly Postpones Plenary Resumption to February 4

Budget defense activities force the National Assembly to delay the commencement of plenary sessions until February 4.
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No Dispute Between DESOPADEC, Governor Oborevwori

According to HOSTCOM, DESOPADEC disputes have no foundation, and they recognize both the M.O.R.E Agenda of Governor Oborevwori’s leadership.
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Oshiomhole: Former Military Generals Resposible for Illegal Mining

Oshiomhole attributes illegal mining to the involvement of retired military general officers while calling for immediate military action.
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NIN Card to Revolutionize Access to Government Services

Nigeria launches a new NIN card to streamline government services, promote financial inclusion, and support unbanked citizens in rural areas.
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FAAN MD Defends ₦580 Billion Targeted at Updating Runways

According to FAAN MD the ₦580 billion runway upgrade requirement stems from deteriorating infrastructure.
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UNILORIN Appoints Oloyede, Two Others as Emeritus Professors

UNILORIN grants emeritus professor status to Oloyede and Obafemi along with Akanji.
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CBN: Nigeria’s Economy to Grow by 4.1 Percent in 2025

Reforms demonstrate that Nigeria's economy will generate 4.1% growth with a 15% reduction in inflation according to the CBN.
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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.