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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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Festac Residents Plan Protest Over Fence Demolition

KEY POINTS Festac residents plan a peaceful protest over the alleged demolition of their...
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Tinubu Begins Three-Week London Vacation, Shettima to Take Over

KEY POINTS President Bola Tinubu has left Nigeria for a three-week annual vacation, beginning...
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Two Killed in Lagos Cinema Machete Attack

KEY POINTS Two people died after a machete and knife attack at Filmhouse IMAX...
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NDLEA Raids Port Harcourt Drug Den, Seizes Cocaine and Heroin

KEY POINTS NDLEA raided a Port Harcourt drug den and recovered cocaine, heroin and...
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Gunmen Abduct NYSC Members in Kogi, 11 Rescued

KEY POINTS Gunmen attacked two buses carrying passengers, including NYSC members, along the Aloma-Egane...
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APC LG Chairman Shot Dead Along Kogi Highway

KEY POINTS APC Chairman in Dekina LGA, Ishaq Yunusa, was shot dead along the...
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Air Peace Flight Returns to Lagos Over Poor Visibility at Asaba Airport

KEY POINTS Air Peace flight P47860 returned to Lagos after poor visibility around the...
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Adelabu Withdraws From Oyo APC Governorship Race, Demands Reconciliation

KEY POINTS Adebayo Adelabu has withdrawn his challenge to the APC governorship nomination in...
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Kidnappers Collect ₦7.8bn in One Year, Study Finds

KEY POINTS 7,825 Nigerians were kidnapped in one year, a 66% increase from the...
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Gunmen Abduct Kogi Principal, NECO Official, Students During Exam

KEY POINTS Gunmen abducted a Kogi school principal, NECO official and students during an...
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Atiku Backs Petrol Subsidy Amid ₦19.1tn Cost Dispute

KEY POINTS Atiku says he will restore a targeted petrol subsidy if elected president. ...
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Sunday Igboho Allegedly Stops Police Arrest of Tani Olohun

KEY POINTS Sunday Igboho allegedly stopped police from arresting Tani Olohun in Ibadan. Olohun...
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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.