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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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Politics

Gwarzo Dumps ADC Amid Shifting Political Landscape

KEY POINTS Aminu Gwarzo has resigned from the African Democratic Congress with immediate effect. ...
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Rhodes-Vivour Stays in ADC, Parts Ways Politically with Obi

KEY POINTS Gbadebo Rhodes-Vivour has confirmed he will remain in the African Democratic Congress...
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PDP Crisis Deepens as Turaki Emerges Interim Chairman

KEY POINTS Kabiru Turaki has been appointed interim chairman of the Peoples Democratic Party...
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Governors push out incumbent senators in 2027 ticket grab

At least 10 Nigerian governors are using consensus arrangements to push out incumbent senators ahead of the 2027 elections after President Tinubu ceded primary power.
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Obi and Kwankwaso Join New Opposition Party Ahead of 2027 Elections

KEY POINTS Peter Obi and Rabiu Kwankwaso have officially joined the Nigeria Democratic Congress...
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Former Adamawa Senator Abbo Leaves ADC, Joins Labour Party

KEY POINTS Ishaku Abbo left the African Democratic Congress due to ongoing leadership disputes...
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APC Stakeholders Purchase 2027 Re-Election Forms for Rivers Governor Fubara

KEY POINTS APC stakeholders in Rivers purchased 2027 nomination forms for Governor Fubara. The...
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Tinubu Endorses Hamzat as APC Governorship Candidate for Lagos 2027

KEY POINTS President Tinubu endorsed Obafemi Hamzat as APC’s Lagos governorship candidate for 2027. ...
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Supreme Court to Rule on ADC Leadership Crisis

KEY POINTS The Supreme Court of Nigeria will rule on the ADC leadership dispute...
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Nsukka coalition warns elites against imposing candidates

The Nsukka Democratic Movement has warned political elites in Enugu North against backroom deals to impose candidates ahead of the 2027 elections.
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Datti Baba-Ahmed quits Labour Party for PRP, eyes 2027

Yusuf Datti Baba-Ahmed, Peter Obi's 2023 running mate, has quit the Labour Party for the Peoples Redemption Party ahead of the 2027 elections.
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Presidency rejects N’West neglect claims, lists projects

The presidency has pushed back on claims that President Tinubu has neglected the North West, listing a $2 billion Kano-Maradi rail project and other investments.
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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.