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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.
Business

Nigeria’s Steel Revival: FG Secures N35bn Funding for Ajaokuta Mill

  Nigeria’s quest to revive its steel industry has received a major boost as the...
Business

MTN Nigeria Plans to Raise N72.1 Billion in Commercial Paper Series 10

MTN Nigeria, the leading telecommunications company in the country, has announced its intention to...
Business

How African Startups’ Failures Shook Investor Confidence In The Tech Ecosystem

The African tech ecosystem has been hit by a wave of failures and scandals...
Culture

Nigerian Embassies Face Financial Strain Due to Federal Government’s Funding Delays

Nigeria's foreign missions worldwide are confronting severe financial constraints, exacerbated by the Federal Government's...
Business

Nigeria Aims to Boost Startup Ecosystem with $5 Billion Target

Nigeria, Africa’s largest economy, has set an ambitious goal to help its startups raise...

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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.