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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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Seven Students Injured in Ebonyi Hostel Attack

KEY POINTS • Armed men attacked a student hostel at Ebonyi State College of Health...
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Sharia Council raises alarm over rising insecurity, urges FG to act

The Supreme Council for Shariah in Nigeria has raised alarm over worsening insecurity, urging the Federal Government to take urgent, decisive steps against killings, kidnappings and banditry.
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Nigeria’s economic reforms working but poverty increasing, says IMF

The IMF says reforms have strengthened Nigeria's economy and built resilience, but warns more than 60 percent of Nigerians now live in poverty amid rising food insecurity.
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Senate queries SEDC over N153m spent on Abuja office rent

The Senate has queried the South East Development Commission over N153m allegedly spent renting an Abuja office, demanding a full account of funds from its 2025 budget.
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Lawmakers Probe Defence Funding Amid Worsening Insecurity

KEY POINTS The House of Representatives has summoned top security and finance officials over...
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First Batch of Nigerians Repatriated From South Africa to Arrive in Lagos Thursday

KEY POINTS First batch of about 270 Nigerians evacuated from South Africa is expected...
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Oworonshoki Residents Allege Fresh Attacks, Arson Amid Demolition Crisis

KEY POINTS • Residents accuse suspected palace-linked thugs of burning homes and shops• Fresh attacks...
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Tinubu Approves N10bn Ebola Preparedness Fund

KEY POINTS • Tinubu releases N10bn to strengthen Ebola preparedness• Presidential task force established to...
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Eight Soldiers Killed in Kaduna Ambush by Suspected ‘Repentant’ Bandits

KEY POINTS Eight soldiers were reportedly killed in an ambush by suspected “repentant” bandits...
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Ayetoro Faces Extinction as Rising Ocean Waves Destroy Homes, Residents Blame Government Inaction

KEY POINTS Rising ocean waves are destroying homes, infrastructure and heritage sites in Ayetoro,...
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Finance Ministry, contractors clash again over outstanding debt

Nigeria's Finance Ministry says it processed N700bn to 1,240 local contractors, but protesting members of AICAN insist most of them have received no payment.
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Agriculture records 3.15 percent GDP growth to N11.87trillion in first quarter

Nigeria's agricultural sector grew 3.15 percent year-on-year to N11.87trn in the first quarter of 2026, with crop production leading the gains at N8.9trn, the NBS says.
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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.