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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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SSANU, NASU strike paralyzes universities as talks deadlock

SSANU and NASU's nationwide strike has shut down Nigerian public universities as talks between the Federal Government and the unions deadlocked Monday.

Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.

Analysts urge Nigeria to plug N31trn deficit by listing state assets

Analysts say Nigeria can fix its 31 trillion naira budget deficit by listing state-owned assets on the stock market instead of piling on more debt.

No Nigerian killed in S’Africa protests, Ojukwu says

Foreign Affairs Minister Bianca Odumegwu-Ojukwu says the recent anti-foreigner protests in South Africa claimed no Nigerian lives, though two citizens died in separate, unrelated incidents.

Nigeria’s Economy Shows Strong Recovery After Years of Slow Growth

KEY POINTS Nigeria’s economy grew strongly between 2024 and 2025, marking its best performance...

Kwara South Group Criticises Aid to Fulani Farmers Amid Rising Insecurity

KEY POINTS Kwara South Development Forum criticised the distribution of farm inputs to Fulani...

Plateau Leaders Accuse Soldiers of Attacking Civilians and Destroying Homes in Mangu

KEY POINTS Plateau residents and Christian leaders accused soldiers of attacking civilians and destroying...

Nigeria Calls in South African Envoy Over Attacks on Nigerians

KEY POINTS Nigeria summoned South Africa’s envoy over reported attacks on Nigerians during anti-foreigner...

Plateau Youth Group Raises Alarm After Attack on Traditional Ruler’s Convoy

KEY POINTS A youth group condemned the reported attack on a Plateau monarch’s convoy...

Tinubu Sets Off on France, Kenya, Rwanda Trip to Boost Investment and Partnerships

KEY POINTS President Tinubu will visit France, Kenya, and Rwanda from May 2, 2026. ...

UNN Accused of Detaining Journalist Over Report on Bad Hostel Conditions

KEY POINTS A journalist was detained at UNN while reporting on poor hostel conditions. ...

Army Admits Gaps in Story as Family Rejects ‘Crossfire’ Claim in NYSC Member’s Death

KEY POINTS A NYSC member was killed in Abuja, with the army first blaming...

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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.