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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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Erosion Cuts Off Oji–Awgu Highway

KEY POINTS Heavy rainfall triggered severe erosion that cut off a section of the...
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Forest routes are fueling kidnappings across South-West

Forests and porous borders across Oyo, Osun, Ogun and Ekiti are fueling a wave of South-West kidnappings, a Saturday PUNCH investigation has revealed.
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Tinubu at Three Years: Nigeria on the Path to Recovery Despite Challenges

KEY POINTS President Bola Tinubu says Nigeria is undergoing difficult but necessary reforms that...
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Teachers, Pupils’ Abduction Sparks Protest in Oyo

KEY POINTS Teachers and civil society groups staged a peaceful protest in Ibadan Protesters...
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Armed Robbers Kill Driver on Enugu-Abakaliki Highway

KEY POINTS Armed robbers shot dead a commercial driver and robbed passengers on the...
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Dangote and Benedict Peters Emerge as Biggest Winners of Hormuz Crisis

KEY POINTS The Hormuz crisis has tightened global oil supply, increasing demand for Nigerian...
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Petrol price hit N1,532.93 per liter in April, NBS says

Nigeria's average petrol price climbed to N1,532.93 a liter in April, up nearly 19 percent on March, while diesel jumped more than 50 percent, NBS says.
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NCDC places Lagos, FCT, eight states on Ebola alert

The NCDC has placed Lagos, the FCT and eight other states on high Ebola alert after the rare Bundibugyo strain broke out in Uganda and DRC.
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AfDB picks Keyamo to lead $7bn aviation transformation

The AfDB has named Nigeria's Aviation Minister Festus Keyamo as African champion of a $7bn programme to modernize the continent's aviation sector, citing recent reforms.
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FG Condemns Oyo, Borno Student Abductions

KEY POINTS Federal Government condemned the abduction of students in Oyo and Borno states. ...
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US Defence Chief Links Anti-Boko Haram Operations to Protection of Nigerian Christians

KEY POINTS The US Defence Secretary said President Trump ordered operations against ISIS fighters...
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N400m School Renovation Scandal Rocks Niger Community

KEY POINTS TrackaNG says Government Day Secondary School in Diko remains dilapidated despite a...
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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.