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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.

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.

Calls grow for EFCC chairman’s sack over Osun account freeze ahead of August 15 election

Calls for the sacking or resignation of EFCC chairman Ola Olukoyede have grown louder after President Tinubu ordered the agency to unfreeze Osun State's accounts just 10 days before the governorship election.

President Tinubu Orders EFCC to Vacate Osun Account Freeze Ahead Of Governorship Election

KEY POINTS President Bola Tinubu has ordered the EFCC to return to court and...

EFCC freezes Osun state statutory allocation account 10 days before governorship election

The EFCC has directed First Bank to place a Post-No-Debit restriction on Osun State's statutory allocation account, 10 days before the August 15 governorship election.

ISIS funding: FG set to charge US-sanctioned BDC operator

The EFCC is set to charge a Lagos bureau de change operator over alleged ISIS financing, saying it concluded key parts of its probe before US sanctions.

EFCC to arraign Miyetti Allah president Bello Bodejo over $2.53m laundering charge

The EFCC has filed a 12-count charge against Miyetti Allah Kautal Hore president Bello Bodejo over alleged money laundering and terrorism financing totaling $2.53m.

Okowa Visits EFCC Over N1.3 Trillion Probe

KEY POINTS • Former Delta State Governor Ifeanyi Okowa visited the EFCC’s Lagos office over...

EFCC Declares Three Suspects Wanted Over Fraud in Nigeria, UK

KEY POINTS The EFCC has declared a foreign national and two Nigerians wanted over...

EFCC Boss Orders Apology to Uyo Surgeon After Hospital Raid Controversy

KEY POINTS EFCC Chairman Ola Olukoyede ordered operatives to apologise to a UUTH surgeon...

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.

Court reserves ruling on Malami’s forfeiture appeal bid

The Court of Appeal reserved ruling on former AGF Abubakar Malami's bid to challenge a Federal High Court order forfeiting 57 of his properties.

“6 in 10 Nigerian University Students Linked to Cybercrime — EFCC Raises Alarm

KEY POINTS EFCC reports that 60% of Nigerian university students may be involved in...

Malami Challenges EFCC in Court, Insists Seized Assets Are Legitimate

KEY POINTS Abubakar Malami is challenging the EFCC’s seizure of his assets, insisting they...

Latest articles

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.

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.

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.

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.