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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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Inmate Escapes from Maximum Security Custodial Centre in Maiduguri

KEY POINTS Inmate escapes from Maiduguri maximum-security prison. NCoS identifies him as “JOHN ISEARL”. ...
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Man Threatens to Destroy Communities on Niger-Kebbi Boundary

KEY POINTS Man threatens to destroy Niger-Kebbi border communities. He warns residents against farming...
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83 Nigerians to Return Home from South Africa Amid Rising Xenophobic Attacks

KEY POINTS 83 Nigerians are expected to arrive in Lagos from South Africa on...
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Influencer Arrested Over Alleged $28m Cocaine Shipment Bound for UK

KEY POINTS NDLEA seized 184.5kg of cocaine valued at nearly $28m. Influencer “KC Luxury”...
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Wike Orders Demolition of Houses Blocking Abuja Waterways

K KEY POINTS Wike orders immediate demolition of houses blocking Abuja waterways. Buildings in Maitama...
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US lists three categories of visa services affected in Nigeria

The US has realigned routine visa services in Abuja to regional hubs, affecting tourist, business and petition-based nonimmigrant visa applications from August 1.
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Edo Assembly Gets New Speaker as Idiaye Replaces Agbebaku

KEY POINTS Yekini Idiaye has emerged as the new Edo Assembly Speaker. Blessing Agbebaku...
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Over 200 KASU Lecturers Resign as ASUU Threatens Strike

KEY POINTS Over 200 KASU lecturers have reportedly resigned over poor conditions. ASUU gives...
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Nigeria’s Inflation Falls to 15.43%

KEY POINTS Headline inflation fell to 15.43% in July from 15.91%. Food inflation rose...
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FG unveils national cloud policy, targets $750m investment in 24 months

Nigeria's government has unveiled a National Digital Cloud Policy that aims to attract $750 million in private cloud and data investment within 24 months.
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MultiChoice Nigeria clarifies ownership structure under Canal+

MultiChoice Nigeria says it still sets pricing, content and distribution decisions locally under CANAL+, insisting global ownership keeps key operational choices in Nigeria.
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Bandits Attack Sokoto Communities, Displace Women and Children, Rustle Over 300 Cattle

KEY POINTS Suspected bandits attacked Ungushi, Gwandi and Maikurfuna in Kebbe LGA, forcing women,...
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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.