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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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Akpabio Swears in Four New Senators After By-Election Victories

KEY POINTS Four senators—Danladi Envulu-Anza, Israel Asogwa, Olaka Nwogu and Dayo Faduyile—were sworn into...
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Kaduna Woman’s Husband Alleges Police Returned Her to Mob Before Lynching

KEY POINTS The husband of Ummulkhairi Muhammad alleges that a police officer returned his...
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Police Dismiss Helicopter Relocation Claim on Abducted Oyo Pupils

KEY POINTS Oyo Police have described as false a viral claim that abducted schoolchildren...
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Former Kebbi APC Chairman Reportedly Dies in Captivity

KEY POINTS Former APC chairman in Kebbi’s Koko/Besse LGA, Alhaji Muhammadu Mai Barga Besse,...
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Lagos Shuts Oshodi Market Over Alleged Attack on Sanitation Officials

KEY POINTS The Lagos State Government has shut down Oshodi Resettlement Market following an...
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Tinubu Sends State Police Bill to Senate

KEY POINTS • President Bola Tinubu has forwarded a constitutional amendment bill seeking the creation...
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Troops Kill Two Suspected ISWAP Spies at Nigeria-Cameroon Border

KEY POINTS • Troops of Operation Hadin Kai and the Civilian Joint Task Force killed...
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Oyo Imposes Curfew in 10 LGAs to Aid Rescue of Abducted Schoolchildren

KEY POINTS Oyo State has imposed a 16-hour curfew in 10 LGAs bordering the...
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UK Defence Chief Visits Borno to Strengthen Counterterrorism Cooperation with Nigeria

KEY POINTS UK Deputy Chief of the Defence Staff, Sir Charlie Collins, has arrived...
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Wema Bank secures €50m EIB facility to support SMEs

Wema Bank has secured a €50m financing facility from EIB Global to expand credit for small and medium-sized enterprises, focusing on youth- and women-owned businesses.
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Okowa Visits EFCC Over N1.3 Trillion Probe

KEY POINTS • Former Delta State Governor Ifeanyi Okowa visited the EFCC’s Lagos office over...
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Fidson hails BoI and EIB roles in expanding pharmaceutical manufacturing

Fidson Healthcare has commended the Bank of Industry and EIB for concessionary financing that has driven its growth in pharmaceutical manufacturing, jobs and green production.
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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.