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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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Southern Kaduna Youths Protest Abandoned Road Projects in Kafanchan

KEY POINTS Southern Kaduna youths staged a peaceful protest over abandoned road projects in...
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Coroner adjourns inquest into Chimamanda’s son’s death to October 8

The coroner's inquest into the death of Chimamanda Adichie's 21-month-old son has stalled until October 8 after Euracare secured a High Court order staying proceedings.
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IFC, Standard Chartered launch $300m facility to boost African supply chains

IFC and Standard Chartered have launched a $300m risk-sharing facility to expand supply chain finance for more than 500 suppliers across eight African countries.
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Afenifere warns state police delay mayn lead to self help

Afenifere has warned that delay in establishing state police may trigger self-help, describing the federal government's reactive security deployments after attacks as infeasible and ineffective.
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Cocoa farmers raise alarm over persistent price volatility in Africa

African cocoa farmers warn persistent price volatility undermines livelihoods and slows investment ahead of the Lagos cocoa and coffee fiesta.
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Africa can raise $469bn yearly without tax hikes, says AfDB

The African Development Bank says Africa can unlock more than $469bn in additional annual revenue through improved tax administration and compliance, without raising tax rates.
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Court Sentences Four to Death Over Deadly Owo Catholic Church Massacre

KEY POINTS Four men have been sentenced to death for their roles in the...
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Bandits Abduct Six Federal Polytechnic Students in Zamfara

KEY POINTS Six students of Federal Polytechnic, Kaura Namoda, remain in captivity after a...
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Vandals Destroy Six TCN Towers, Disrupt Power Supply in Nasarawa

KEY POINTS Six transmission towers on the Apir-Lafia power line were vandalised, causing major...
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Lecturers Shut Enugu Federal College Over Unresolved Grievances

KEY POINTS Lecturers at FCE Eha-Amufu have begun a two-week warning strike over unresolved...
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Atiku Backs CAN Security Reform Call, Urges Muslim Leaders to Join

KEY POINTS Atiku Abubakar has endorsed the Christian Association of Nigeria’s call for urgent...
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Gunmen Kidnap Ex-Minister Adelabu’s Sister, Twin Sons in Ibadan

KEY POINTS Gunmen abducted the sister of ex-Minister Adebayo Adelabu and her 12-year-old twin...
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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.