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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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FG presses pre-2004 civil servants on pension verification

PenCom and the head of the civil service are pressing pre-2004 federal civil servants to complete a one-time online verification for their accrued pension rights.
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Waltersmith doubles refining capacity to 10,000 bpd

Abdulrazaq Isa's Waltersmith Petroman Oil has doubled its refining capacity to 10,000 barrels per day after completing a Phase 2 expansion in Imo State.
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Magaji urges FG to form farmer-herder prevention panel

AFAN President Mohammed Magaji has urged the Federal Government to set up a national committee to prevent farmer-herder clashes before they erupt across rural Nigeria.
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Egbin Power Plant shuts after diver dies in pump accident

Egbin Power Plc has shut down its 1,320-megawatt plant after a contracted diver died during underwater pump repairs in the plant's lagoon water system.
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Tinubu Sacks NMDPRA CEO, Nominates Former Dangote Executive Rabiu Umar as Replacement

KEY POINTS Tinubu removed NMDPRA CEO Saidu Mohammed just four months after his appointment. ...
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PRP Welcomes Baba-Ahmed, Hails Move as Boost for National Renewal Agenda

KEY POINTS PRP has welcomed former Labour Party vice-presidential candidate Yusuf Datti Baba-Ahmed into...
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Violence Erupts in Niger Community Land Dispute as Armed Attack Leaves One Dead

KEY POINTS Armed attacks linked to a land dispute in Niger State left one...
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Bandits Kill Political Aspirant’s Brother in Katsina Night Attack

KEY POINTS Bandits killed the brother of a political aspirant during a night attack...
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Yobe Community Forced to Use Classroom as Hospital

KEY POINTS Lewe Primary Health Care centre in Yobe has been abandoned for over...
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Concern Grows as Social Media Critic ‘Justice Crack’ Goes Missing After Abuja Meeting

KEY POINTS Social media critic Justice Mark Chidiebere went missing in Abuja after attending...
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Labour Party Elects Nenadi Usman as National Chair Ahead of 2027 Elections

KEY POINTS Nenadi Usman has been elected as National Chairman of the Labour Party...
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Reps Approve Tinubu’s $516 Million Loan for Sokoto–Badagry Super Highway

KEY POINTS The House of Representatives approved President Tinubu’s $516.3 million loan request 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.