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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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News

NSIB Opens Inquiry into Abuja Cargo Plane Runway Incident

Nigerian Safety Investigation Bureau investigates Allied Air Boeing 737 runway excursion at Abuja Airport; no injuries reported.
Business

Nigeria’s Oil Dependence and Path to Economic Diversification

Nigeria’s oil dependence exposes its economy to price shocks, but diversification into agriculture, tech, and minerals aims to ensure economic stability
News

Tinubu Names Ogunjimi Acting Accountant General of the Federation

President Tinubu appoints Shamseldeen Ogunjimi as acting accountant general, replacing Oluwatoyin Madein, who proceeds on pre-retirement leave
News

Village in Zamfara Gripped by Fear after Dozens Kidnapped

Armed attackers abducted more than 50 women and children in Zamfara State, underscoring persistent insecurity in northwest Nigeria.
News

Senate Warns MDAs: No 2025 Funds Without Accountability

The Senate warns MDAs to account for 2024 funds or risk zero allocations in the 2025 budget amid financial accountability concerns
Society

Nigerians’ Experiences and Achievements in Europe

Nigerians in Europe excel in business, arts, education, and sports, overcoming challenges while fostering growth and global impact.
Culture

Kano Emir Threatens to Remove Title Holders Who Beat Wives

The Kano emir warns title holders against wife beating, threatening to revoke their titles to promote dignity and respect in traditional leadership
News

Nigeria’s GDP Plummets, $1 Trillion Economy at Risk

Nigeria's GDP in 2024 faces a steep decline, fueled by currency devaluation, threatening the $1 trillion economy goal
Society

Cross River Magistrates Begin Indefinite Strike Over Welfare Demands

Cross River magistrates declare an indefinite strike over welfare demands, including pay, promotions, and better working conditions
News

Kano Government Blames Federal Government for Emir’s Palace Barricade

Kano government condemns federal government’s decision to barricade the Emir’s palace, calling it undemocratic.
News

How to Promote Mental Health Awareness in Nigeria’s Healthcare System

Learn how to promote mental health awareness in Nigeria's healthcare system, focusing on policy, stigma reduction, and community-based initiatives
News

Shell awards $1.98bn contracts to Nigerian firms to boost local content

Shell awards $1.98bn contracts to indigenous companies, boosting Nigeria’s local content and economic development in the oil industry
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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.
News

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.