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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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Nigerian airlines plan Thursday shutdown as Jet A1 prices triple

Nigerian airlines may ground flights Thursday over a 300 percent surge in Jet A1 fuel prices, pushing operating costs past breaking point.
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Army Cracks Down on Oil Theft, Destroys 10 Illegal Refineries and Arrests Nine in Niger Delta

KEY POINTS Nigerian Army arrested nine suspects and destroyed 10 illegal refining sites across...
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FG Commits Over ₦5bn Through UBEC to Tackle Out-of-School Crisis Nationwide

KEY POINTS The Federal Government has allocated over ₦5 billion through UBEC to improve...
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Mother of NYSC Member Killed in Abuja Crossfire Demands Justice

KEY POINTS An NYSC member, Abdulsamad Jamiu, was killed during a crossfire between soldiers...
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Hunter Killed in Accidental Explosion During Joint Patrol in Adamawa

KEY POINTS A local hunter was killed in an accidental explosion during a joint...
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Yahaya Bello Money Laundering Trial Adjourned to May 6

KEY POINTS The court adjourned Yahaya Bello’s alleged money laundering trial to May 6–7,...
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EFCC Arrests Former Skye Bank Chairman Tunde Ayeni Over Alleged ₦36.5bn Fraud

KEY POINTS EFCC arrested former Skye Bank chairman Tunde Ayeni over alleged ₦36.5bn and...
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Gunmen Storm Benue Palace, Kill Traditional Ruler, Family and Two Others

KEY POINTS Gunmen killed a traditional ruler, his wife, son, and two others in...
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Kidnapped Lagos Woman Freed After Family Pays $17,500 Ransom

KEY POINTS A Lagos woman was kidnapped from her home in a late-night attack...
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Over 11,000 Nigerians apply to sail on Navy warship

More than 11,000 Nigerians have applied to sail on a Nigerian Navy warship, blowing past expectations and forcing officials to draw up a selection plan.
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NNPC denies selling refinery scrap, warns public against fraudsters

NNPC Limited has denied selling scrap materials, equipment or components from its three refineries, warning the public against fraudsters posing as company agents.
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Tinubu meets Abbas and Reps after rejecting senators’ ticket bid

President Tinubu held a closed-door meeting with House Speaker Tajudeen Abbas and other Reps at the Villa, days after shutting down senators' automatic ticket bid.
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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.