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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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Stop further demolitions in Abuja, Senate tells Wike

Senate orders Wike to stop Abuja demolitions pending investigation.
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PVCs Should Not Be The Only Requirement For Voting

INEC proposes computer generated slips for voting.
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Governors Endorse Creation Of State Police

State police creation supported by governors, NEC defers final decision.
Business

Imported Petrol Landing Cost Drops to N900 Per Litre

Nigeria’s oil dependence exposes its economy to price shocks, but diversification into agriculture, tech, and minerals aims to ensure economic stability
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Governor Yusuf Reshuffles Kano Cabinet, Scraps Chief of Staff Role

Governor Abba Yusuf reshuffles Kano's cabinet, scrapping Chief of Staff role and reassigning key commissioners for improved governance.
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Tinubu Should Cut Petrol Price To N300 – Bode George

Tinubu should reduce petrol price now; cut it to N300 per literacy from 15 Dec., 2024, to 31 Jan., 2025,' says Bode George.
Business

In Five Years, FAAN Remits Over N218bn to Federation Account

For 2020 to 2024, FAAN remits over N218bn to Nigeria's Federation Account and N352.2m in stamp duty payments.
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Senate Orders NRC To Reinstate Engineer Ukpe Over Wrongful Dismissal

Senate orders reinstatement, all outstanding entitlements of Engr Aniekan Ukpe, over wrongful dismissal by NRC.
Business

Naira Plummets to N1,780/$1 as Forex Volatility Grows

The naira plummets to N1,780/$1 in the black market, reversing gains as forex volatility raises concerns about Nigeria’s economic stability
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NSIB Opens Inquiry into Abuja Cargo Plane Runway Incident

Nigerian Safety Investigation Bureau investigates Allied Air Boeing 737 runway excursion at Abuja Airport; no injuries reported.
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NAFDAC Destroys Smuggled, Fake Drugs Worth $6.88 million in Oyo

NAFDAC destroys fake drugs worth N11 billion in Oyo, safeguarding Nigeria's public health and cracking down on counterfeit and unregistered products.
Business

Nigeria’s Oil Dependence and Path to Economic Diversification

Nigeria’s oil dependence exposes its economy to price shocks, but diversification into agriculture, tech, and minerals aims to ensure economic stability
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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.