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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.
Politics

Abure Warns Dickson Over Alliance With Peter Obi

KEY POINTS • Abure cautions NDC against handing control to Obi’s supporters • Says Labour Party...
Politics

Rhodes-Vivour Stays in ADC, Parts Ways Politically with Obi

KEY POINTS Gbadebo Rhodes-Vivour has confirmed he will remain in the African Democratic Congress...
Politics

Former Adamawa Senator Abbo Leaves ADC, Joins Labour Party

KEY POINTS Ishaku Abbo left the African Democratic Congress due to ongoing leadership disputes...
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Labour Party Elects Nenadi Usman as National Chair Ahead of 2027 Elections

KEY POINTS Nenadi Usman has been elected as National Chairman of the Labour Party...
Politics

Datti Baba-Ahmed quits Labour Party for PRP, eyes 2027

Yusuf Datti Baba-Ahmed, Peter Obi's 2023 running mate, has quit the Labour Party for the Peoples Redemption Party ahead of the 2027 elections.
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Abure Rejects Appeal Court Ruling, Heads to Supreme Court Over Labour Party Leadership Crisis

KEY POINTS The Court of Appeal upheld a ruling recognising Nenadi Usman as Labour...
Politics

Otti seeks second term to complete Abia’s transformation

Abia State Governor Alex Otti says he would not be seeking re-election if his administration had completed its transformation agenda. He made the declaration at a 10,000-person rally in his Nvosi hometown.
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Labour Party Signals 2027 Presidential Ticket Will Emerge from Southern Nigeria

KEY POINTS Labour Party initially indicated its 2027 presidential ticket would be zoned to...
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Labour Party Sets May 23 for 2027 Presidential Primaries

KEY POINTS Labour Party schedules presidential primary for May 23, 2026, with governorship and...
News

Labour Party Crisis Deepens as Nenadi Usman Faction Accuses Abure Group of Vandalising National Headquarters

KEY POINTS A leadership tussle within the Labour Party intensified after a court recognised...
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Court Removes Julius Abure as Labour Party Chairman

KEY POINTS The Federal High Court removes Julius Abure as Labour Party chairman, recognising...
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Datti Baba Ahmed Declares 2027 Presidential Bid

KEY POINTS Datti Baba Ahmed announced his 2027 presidential ambition at the Labour Party...
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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.