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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.

Nigeria Faces Backlash Over Promotion Snub

A promotion dispute deepens tension as the federal government faces rising criticism for overlooking a Christian candidate who topped the permanent secretary interview.

Aviation Experts Urge FG to Reopen Lagos Jet Fuel Pipeline

Aviation experts urge Federal Government to restore the long-closed Lagos airport fuel pipeline to improve safety, efficiency, and cost management

NLC Warns FG: Resolve Education Crisis in Four Weeks or Face Shutdown

The Nigeria Labour Congress and education unions have given the Federal Government a four-week deadline to end the ongoing crisis in the sector or face nationwide action.

NANS Gives ASUU, FG Seven Days to End Dispute

NANS gives ASUU ultimatum to end its dispute with the Federal Government, warning that another strike could cripple Nigeria’s academic calendar

FG Insists All ASUU Demands Met, Urges End to Strike

The Federal Government says it has met all ASUU demands and called on university lecturers to return to classrooms immediately

FG Launches Task Force to Accelerate Aviation PPP Projects

The Federal Government has launched task forces within the Ministry of Aviation and ICRC to fast-track PPP projects, aiming to enhance infrastructure investment in the aviation sector.

FG Pleads for Patience Amid Nationwide Protest Plans

The Federal Government appeals for patience and postponement of the planned nationwide protest, citing ongoing efforts to address economic hardships.

Governors Reject Proposed ₦60,000 Minimum Wage

Nigerian governors reject a proposed increase in the minimum wage to ₦60,000 ($133), citing concerns about financial sustainability. Labor unions remain adamant about a significant hike, leaving the federal government to mediate a solution.

Tinubu Set to Inaugurate Three Gas Infrastructure Projects

In a significant development for Nigeria's energy sector, prominent political figure Tinubu is poised...

Federal Government Plans to Offload Banks’ Managed Discos

In a move aimed at restructuring Nigeria's energy sector, the federal government has announced...

FG’s Stealth Operations: Rescuing 1,000 Abductees Without Ransom, NSA Reveals

NSA reveals secret operations, freeing 1,000 captives without ransom, marking a significant milestone in the fight against abduction.

NDDC Seeks FG’s Intervention over N2 Trillion Debt

The Niger Delta Development Commission (NDDC) has appealed to the federal government to intervene...

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.