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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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Sanwo-Olu Backs Deputy Hamzat for Lagos Governor in 2027

KEY POINTS Governor Sanwo-Olu has endorsed his deputy, Obafemi Hamzat, for the 2027 Lagos...
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Anthony Joshua Targets Comeback Fight After Tragic Accident

KEY POINTS Anthony Joshua will return to boxing on July 25 against Kristian Prenga...
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Lagos Govt Debunks Rumours of Sanwo-Olu’s Resignation Over Health

L KEY POINTS Lagos government denied reports that Governor Sanwo-Olu was asked to resign over...
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Malami Challenges EFCC in Court, Insists Seized Assets Are Legitimate

KEY POINTS Abubakar Malami is challenging the EFCC’s seizure of his assets, insisting they...
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“They Said It Was a Mistake” — Father of Slain NYSC Member Speaks After Soldier Shooting

KEY POINTS A serving NYSC member was shot dead by soldiers in Abuja. The...
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Gunmen Attack Adamawa Community, Kill 29 Residents

KEY POINTS Suspected terrorists attacked Guyaku community in Adamawa, killing at least 29 people. ...
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Two Nigerians Killed in South Africa as Xenophobic Violence Escalates

KEY POINTS Two Nigerians were killed amid rising xenophobic attacks in South Africa. The...
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Gunmen Kidnap 23 Pupils in Kogi Orphanage Facility

KEY POINTS Gunmen abducted 23 pupils and a proprietor’s wife from an unregistered school...
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JAMB Debunks Fake UTME Result Claiming 394 Score

KEY POINTS JAMB has disowned a viral UTME result claiming a candidate scored 394,...
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APC Criticises Makinde Over ‘Operation Wetie’ Remarks at Ibadan Summit

KEY POINTS APC criticised Governor Seyi Makinde for remarks referencing a violent period in...
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FCT Teachers Suspend Strike After Wike’s Intervention

KEY POINTS FCT teachers have suspended their strike after intervention by the minister, Nyesom...
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Obasanjo says NNPC refineries will never work again

Former President Olusegun Obasanjo has insisted Nigeria's three NNPC refineries will never work, citing past rejection by Shell and pressure that scuttled the Dangote sale.
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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.