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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

Senate Advances Bill to Regulate Cryptocurrency

KEY POINTS • The Senate has passed a bill seeking to regulate cryptocurrency trading and...
News

Iyabo Obasanjo Set to Return to PDP After APC Exit

KEY POINTS • Former senator Iyabo Obasanjo is reportedly set to rejoin the Peoples Democratic...
News

Nigeria Moves to Bring Home Over 100 Citizens Jailed in Ethiopia

KEY POINTS • The Federal Government is set to sign a prisoner transfer agreement with...
News

Adeleke Escapes Unhurt as Podium Collapses at Osun Rally

KEY POINTS • Osun State Governor Ademola Adeleke and top officials escaped unhurt after a...
News

Osun LG Vice Chairman Abducted as Gunmen Attack Border Community

  KEY POINTS • Gunmen attacked Ora community on the Osun-Kwara border and abducted Ifedayo Local...
News

Bandits Attack Kogi School, Kill Three During WAEC Exam

KEY POINTS • Armed bandits invaded a secondary school in Kogi State during a WAEC...
News

Edo Shuts Three Schools Over Kidnap Threat

KEY POINTS • Edo State Government has closed three secondary schools in Akoko-Edo LGA following...
News

Seven Students Injured in Ebonyi Hostel Attack

KEY POINTS • Armed men attacked a student hostel at Ebonyi State College of Health...
Politics

INEC Meets Parties, Defends Appeal Against Court Rulings on Election Timelines

KEY POINTS INEC met political parties ahead of the June 20 Ekiti governorship election...
Politics

Akume Defends Tinubu’s Reforms, Says Government Will Seek 2027 Mandate Revalidation

KEY POINTS SGF Backs Tinubu Administration’s Economic Policies Claims Economy Is Showing Signs of...
News

Oworonshoki Residents Allege Fresh Attacks, Arson Amid Demolition Crisis

KEY POINTS • Residents accuse suspected palace-linked thugs of burning homes and shops• Fresh attacks...
News

Tinubu Approves N10bn Ebola Preparedness Fund

KEY POINTS • Tinubu releases N10bn to strengthen Ebola preparedness• Presidential task force established to...
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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.