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.
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.
Africa attracts $53 billion in FDI, fueled by its natural resources, youthful market, green energy projects, and growing digital economy despite global challenges.
Nigeria's largest local investment, the Dangote Refinery and Petrochemical Plant, faces significant challenges, but promises economic growth and job creation.
Nigeria's oil production is poised for a significant boost with the commencement of operations at Oil Mining Lease (OML) 13 in Akwa Ibom State. The project, a collaboration between the state-owned Nigerian National Petroleum Company (NNPC) and its partners, marks a promising development for the country's energy sector.
The Federal Government of Nigeria launches the Labor Employment and Empowerment Programme (LEEP), targeting the creation of 2.5 million jobs in an effort to reduce poverty and promote economic growth.
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.
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.
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.
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.