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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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Dangote rejects NNPC’s bid to lift refinery stake, plans public listing

Aliko Dangote rejected NNPC's bid to lift its 7.25 percent refinery stake, saying his $20 billion Lekki plant plans a public listing for ordinary Nigerians.
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NYSC Member Detained in Ilorin Over Podcasts Questioning Kwara Bridge Rehabilitation

KEY POINTS NYSC member Segun Ajibare was reportedly detained in Ilorin after publishing podcasts...
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EFCC Arrests Energy Commission DG Over Alleged N500bn Money Laundering Scheme

KEY POINTS EFCC has arrested Energy Commission DG, Mustapha Abdullahi, over alleged money laundering...
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Lagos to Introduce State-Issued Driver’s Licence to Improve Traffic Management

KEY POINTS Lagos State plans to launch a state-issued driver’s licence pending Governor Sanwo-Olu’s...
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Agama puts AI, data at center of Nigeria’s capital market reform

SEC Director-General Emomotimi Agama said data, AI and technology will drive Nigeria's capital market reforms and reach 20 million retail investors through fintech integration.
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Awori’s Ecobank commits $3bn to power intra-African trade

Ecobank Group CEO Jeremy Awori unveiled a $3 billion trade finance commitment to drive intra-African trade across agribusiness, manufacturing and general commerce over three years.
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Walson-Jack’s office denies 40 percent allowance claim

The Office of the Head of Civil Service of the Federation denied approving a 40 percent peculiar allowance, saying NSIWC holds the statutory mandate.
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Borno Makes Repentant Terrorists Swear on Quran Before Rejoining Society

KEY POINTS Borno says repentant terrorists must swear on the Quran before rejoining society. ...
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Plateau Governor Cracks Down on Night Grazing, Mining After Fresh Killings

KEY POINTS Plateau Governor Caleb Mutfwang has banned night grazing and night mining after...
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IGP Bans POS Operators Near Police Stations Across Nigeria

KEY POINTS The IGP has banned POS operators from working within 200 metres of...
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Army: Civilians, Markets and Transport Networks Helping Boko Haram in North-East

KEY POINTS The Nigerian Army says some civilians, transport networks and cattle markets are...
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FG Predicts 1.5 Million Tertiary Admissions After UTME Exemption Reform

KEY POINTS The Federal Government says exempting NCE and some agricultural course applicants from...
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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.