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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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Gunmen Kill Teacher, Abduct Principal and Students in Oyo School Attack

KEY POINTS Gunmen attacked Community High School in Oriire LGA of Oyo State, killing...
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Prominent Nigerian Scholar Samuel Osoba Dies at 92

KEY POINTS • Renowned academic Samuel Olusegun Osoba has died at the age of 92...
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Tinubu Government Orders Urgent Repairs on Cracking ₦16.7bn Mokwa Bridge Project After Public Outcry

KEY POINTS • Federal Government reportedly ordered emergency repairs after cracks appeared on the newly...
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Soldier Allegedly Shoots Senior Colleague Dead After Argument in Kano

KEY POINTS • A Nigerian soldier allegedly shot and killed a senior colleague during an...
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Gunmen Kill Two Customs Officers in Kebbi Community Attack

KEY POINTS • Two customs officers were killed during an attack by suspected Lakurawa terrorists...
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Many Injured as Gunmen Attack Communities Near FUTO in Imo State

KEY POINTS • Several residents were injured after gunmen attacked communities in Owerri West Local...
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Abdullahi accuses Tinubu of running ‘Ponzi economy’ on fresh loan

ADC's Bolaji Abdullahi accused the Tinubu administration of running a 'Ponzi economy' after the federal government sought another $1.25 billion World Bank loan.
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FMDA forecasts 16.42 percent April inflation in Nigeria

FMDA projects Nigeria's headline inflation to rise to 16.42 percent in April from 15.38 percent in March as food and fuel prices climb.
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NEITI flags rising illicit financial flows in Nigeria’s mining sector

NEITI said weak regulation, illegal mining and opaque ownership are driving illicit financial flows in Nigeria's solid minerals sector.
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Abuja Residents Protest Alleged Takeover Of Jabi Lake Park

KEY POINTS Abuja residents and activists protested the alleged takeover of Jabi Lake Park...
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Activist Wong Box Petitions IGP, PSC Over Alleged Police Misconduct in Delta

KEY POINTS Activist Victor Ojei, popularly known as Wong Box, petitioned the IGP and...
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Boko Haram Faction Beheads Captives After Failed Escape Attempt In Borno

KEY POINTS Boko Haram fighters reportedly beheaded more than seven captives after a failed...
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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.