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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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NDLEA Arrests 70-Year-Old Man, Seizes Millions of Opioids in Multi-State Drug Crackdown

KEY POINTS NDLEA arrested a 70-year-old man and several others during coordinated anti-drug operations...
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Atiku Sues Tinubu, Seeks His Disqualification from 2027 Presidential Election

KEY POINTS Atiku and the ADC have sued Tinubu over alleged NYSC certificate forgery...
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Five Rescued After Gunmen Abduct 14 Travellers in Benue

KEY POINTS Gunmen abducted 14 passengers travelling from Enugu to Abuja on a road...
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WAEC Faces Possible Court Action Over Alleged Problems With 2026 CBT Results

KEY POINTS An education foundation has given WAEC 14 days to address alleged irregularities...
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EFCC Arraigns Man Over Alleged N56.4m Hajj Fraud

KEY POINTS EFCC arraigned Lawal Musa over alleged N56.4 million fraud linked to the...
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Vandalism Causes Five Electricity Transmission Towers to Collapse in Akwa Ibom

KEY POINTS Five TCN transmission towers collapsed in Akwa Ibom after critical structural components...
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Lagos water concession and prepaid meters will deepen hardship, CAPPA warns

CAPPA has warned that concessioning Lagos's water and expanding prepaid meters could deepen hardship and cut off low-income residents, and it demanded the MoU's publication.
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Gumi defends public funding of marriages in Shariah states

Islamic cleric Sheikh Ahmad Gumi has defended using public funds to support marriages in Nigeria's Shariah states, calling the practice a legitimate part of governance.
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Nigeria’s refineries will soon bounce back, Tinubu says

President Tinubu says Nigeria's refineries will soon bounce back, while complaining that CNG benefits flow to truck owners rather than commuters, as NUPENG raised concerns.
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Osun APC Candidate Freed as Naval Commander Reportedly Redeployed After Arrest

KEY POINTS APC candidate Komolafe reportedly freed. Naval commander allegedly redeployed. Incident occurred ahead...
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Ondo Enacts New Electricity Law to Boost Power Supply and Investment

KEY POINTS Aiyedatiwa signed Ondo’s new electricity law. SERC will regulate the state’s power...
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INEC Begins Distribution of Sensitive Materials Ahead of Osun Governorship Election

KEY POINTS INEC has begun distributing sensitive materials to all 30 LGAs in Osun...
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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.