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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

FG seeks 30-day fuel credit for airlines as Dangote profits soar

The Federal Government has asked fuel marketers to give Nigerian airlines a 30-day credit window as Aliko Dangote's refinery rakes in record jet fuel margins.
News

Nigerian airlines plan Thursday shutdown as Jet A1 prices triple

Nigerian airlines may ground flights Thursday over a 300 percent surge in Jet A1 fuel prices, pushing operating costs past breaking point.
News

Tinubu agrees to waive airline debts as Jet A1 fuel prices soar

Aviation Minister Festus Keyamo says President Tinubu has agreed to waive the debts Nigerian airlines owe to aviation agencies as Jet A1 fuel prices soar.
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Keyamo Gives N21.68bn NAMA Deal to Nasiru Danu’s Firm

Nigeria's aviation minister quietly handed a N21.68 billion government contract to a company linked to Nasiru Danu, a contractor with a long record of fraud allegations.
Business

Air Peace Breaks Leasing Barrier With New Boeing 737-NG

Air Peace makes history with a new Boeing 737-NG dry lease, boosting Nigeria’s aviation growth and restoring industry confidence.
Politics

Nigeria Denies Christian Persecution, Cites Foreign Lobbyists

KEY POINTS Nigeria denies Christian genocide allegations, calls them misleading. Government says 13,500 terrorists...
News

Nigeria Pledges Stable Jet A1 Fuel Supply

Nigeria’s government pledges stronger collaboration with oil marketers and airlines to stabilise Jet A1 supply and promote fair fuel pricing across the aviation sector
News

Nigeria, COMAC in Talks to Boost Local Airline Fleet

Nigeria and COMAC move closer to an aircraft partnership that could transform local aviation through affordable fleet expansion and training initiatives.
News

APC Ministers’ Warnings Expose Fear of Jonathan, Obi in 2027

APC fear of Jonathan and Obi surfaces as Keyamo and Wike warn PDP not to field them in the 2027 elections.
News

Jonathan Pushes Back Against Keyamo, Odinkalu Over 2027 Bid

Jonathan defends his 2027 presidential bid, tells Keyamo and Odinkalu to keep off.
News

FG Says No To Increase The Airport Contract By N532 billion

Governor says no to N532 billion requested extra cost for Abuja airport runway, wants to know where money goes.
News

Govt Officials, Contractors To Fly Only Nigerian Airlines

Soon, government officials and contractors to fly only Nigerian airlines.
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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.