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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.

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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Family Demands Justice As Suspects In Cross River RCCG Member’s Killing Remain Free

KEY POINTS Family of murdered RCCG member Princewill Ikenna accused the Cross River judiciary...

Nigeria, Türkiye Sign Mining Partnership Deal to Boost Solid Minerals Sector

  KEY POINTS Nigeria and Türkiye signed an MoU to strengthen cooperation in solid minerals...

JAMB Fixes June 13 for Mop-Up UTME as Affected Candidates Get Second Chance

KEY POINTS The Joint Admissions and Matriculation Board has fixed June 13, 2026, for...

INEC Appeals Court Ruling That Nullified Timelines for Party Primaries and Candidate Nomination

KEY POINTS The Independent National Electoral Commission has appealed a court ruling that nullified...

Fuel prices may fall as oil drops on US-Iran talks

Nigerian fuel prices could fall in the coming days as global crude tumbles on hopes of a US-Iran deal to reopen the Strait of Hormuz.

FG cancels $717.7m World Bank loan for power

Nigeria has cancelled $717.7m in undisbursed World Bank loan financing for its power sector, after the 2023 currency float upended the programme's reform targets.

Capital importation jumps 182 percent to $3.52 Billion

Nigeria's capital importation jumped 182% to $3.52bn in January, driven almost entirely by foreign portfolio investment, while foreign direct investment collapsed by 80 percent.

Insurers to reject claims over NIN linkage default

Nigerian insurers will reject claims from policyholders who failed to link their NIN to their policies before the April 30 deadline, the Insurers Committee has said.

Bandits Abduct 13 Villagers In Midnight Attack On Kebbi Community

KEY POINTS Armed bandits abducted 13 residents during a midnight attack on Tangaram Village...

ASUU Warns Of Fresh University Strike

KEY POINTS ASUU has warned of a possible nationwide university strike over delayed implementation...

Family of Beheaded Oyo Teacher Begs Tinubu to Step In

KEY POINTS Family of murdered Oyo teacher, Oyedokun Michael Olugbade, has appealed to President...

Igboho Seeks FG Approval for New South-West Security Outfit

KEY POINTS Sunday Igboho says he is awaiting Federal Government approval to launch the...

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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.

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.

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.

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.