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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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Nigeria among world’s most expensive countries for airline operations, says IATA

IATA has named Nigeria one of the world's most expensive countries for airline operations, blaming high taxes and charges that keep local carriers from competing.
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Sugar tax will worsen manufacturers’ plight, LCCI warns

The Lagos Chamber of Commerce and Industry warns that the Senate's Sugar-Sweetened Beverage tax bill could worsen the challenges facing Nigeria's manufacturing sector.
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Gunmen Abduct LG Worker, Filling Station Attendant in Ondo

KEY POINTS • Akure North council staff abducted at his home in Ilu-Abo• Gunmen also...
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39 Zamfara Residents Abducted During ‘Reconciliation’ Meeting With Bandits

KEY POINTS • 47 residents visited bandit camp for peace talks in Fadama Forest• Bandit...
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Abducted Ogbomoso Principal Denies N1bn Ransom, Sharia Demands

KEY POINTS • Principal says kidnappers only want detained gang members released • Claims of N1bn...
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Oyo Demolishes Kidnappers’ Hideout After Rescue of Adelabu’s Relatives

KEY POINTS • Oyo demolishes house used to hold kidnapped victims • Police rescue Adelabu’s sister...
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Three Killed in Warri-Itakpe Train Derailment

KEY POINTS • Three passengers confirmed dead in train accident • Emergency teams deployed to rescue...
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WAEC Warns Schools Against Extorting WASSCE Candidates

KEY POINTS • WAEC condemns illegal fees imposed on candidates • Schools charging for free calculators...
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IPOB Claims Nigerian Government Admits Court Lacked Jurisdiction in Nnamdi Kanu Case

KEY POINTS IPOB says its leader, Nnamdi Kanu, agrees with an alleged admission by...
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Nigeria Records No Confirmed Ebola Cases

KEY POINTS The NCDC says there are currently no confirmed cases of Ebola in...
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Atiku Slams Babachir Over Ethnic Remarks, Warns Against Division

KEY POINTS Atiku Abubakar has condemned former SGF Babachir Lawal for what he described...
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Ogbomoso Chief Imam Denies Terror Links, Urges Rescue of Abducted Pupils

KEY POINTS The Grand Chief Imam of Ogbomosoland has denied allegations linking him to...
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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.