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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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PDP and APM Sign Alliance Agreement Ahead of 2027 Elections in Ibadan

KEY POINTS • The PDP and Allied Peoples’ Movement have signed a Memorandum of Understanding...
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Mamman jailed 75 years for N33.8bn power fraud, sentenced in absentia

The Federal High Court sentenced former Power Minister Saleh Mamman to 75 years in absentia over N33.8 billion fraud tied to hydroelectric power projects.
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Obasa Declares Interest in House Of Representatives Seat Ahead Of 2027 Elections

KEY POINTS Lagos Assembly Speaker Mudashiru Obasa has declared his intention to contest for...
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Fubara Denies Defection Rumours, Reaffirms Commitment to APC

KEY POINTS Rivers Governor Siminalayi Fubara denied rumours that he defected from the APC...
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Oyo APC Governorship Aspirants Reject Alleged Candidate Imposition Ahead of 2027 Poll

KEY POINTS Six Oyo APC governorship aspirants rejected alleged plans to impose a consensus...
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Atiku Picks ADC Presidential Forms Ahead of 2027 Election

KEY POINTS Atiku Abubakar, Rotimi Amaechi, and Mohammed Hayatu-Deen have obtained ADC presidential nomination...
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Speaker Abbas Declares Bid For Fifth Term in House of Representatives

KEY POINTS Speaker of the House of Representatives, Tajudeen Abbas, has declared his bid...
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Jonathan Says He Will Consult Widely Before Deciding on 2027 Presidential Race

KEY POINTS Goodluck Jonathan said he will consult widely before deciding on a 2027...
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Bucknor-Akerele warns APC over one-party state push

Former Lagos Deputy Governor Kofoworola Bucknor-Akerele warned that APC's push to absorb opposition parties and create a one-party state ahead of 2027 will fail.
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Aisha Yesufu Dumps ADC, Joins NDC, Declares FCT Senate Ambition

KEY POINTS Aisha Yesufu has resigned from the ADC and joined the NDC alongside...
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Otti vows security will stay top priority in Abia

Abia Governor Alex Otti reaffirmed that security remains the top priority of his administration, telling Naval College alumni that development cannot thrive in unsafe environments.
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Umahi Backs Tinubu’s 2027 Bid, Signs Nomination Form

KEY POINTS David Umahi endorsed Bola Ahmed Tinubu for a second term by signing...
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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.