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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.
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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.
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Visa processing shift won’t affect Abuja embassy operations, US says

The US Mission in Nigeria says moving routine visa processing from Abuja to a Lagos hub will not affect the Abuja embassy or valid visas.
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Lagos short of 40,000 doctors as Sanwo-Olu warns of health funding gap

Lagos State needs roughly 40,000 more doctors and 40,000 nurses, Sanwo-Olu says, while its health sector needs at least N100bn above current budget provisions.
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Lagos CP allays fears over terror threat at Pan-Atlantic University, deploys drones

Lagos Police Commissioner Olohundare Jimoh has assessed security at Pan-Atlantic University and deployed surveillance drones, moving to calm fears after a viral video showed masked men nearby.
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Court orders Virgin Atlantic to pay N13 million for missed flight

A Lagos Federal High Court has ordered Virgin Atlantic to pay Joy Ezetah $5,906.50 in damages, plus costs, after it denied her boarding on a Lagos-London flight.
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Lekki Port Phase 2 construction set to begin, says Lagos government

Lagos Governor Babajide Sanwo-Olu says construction on Phase 2 of the Lekki Port will start soon, boosting cargo capacity and strengthening the state's maritime position.
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Sugar tax will worsen manufacturers’ plight, LCCI warns

The Lagos Chamber of Commerce and Industry warns that the Senate's Sugar-Sweetened Beverage tax bill could worsen the challenges facing Nigeria's manufacturing sector.
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Coroner adjourns inquest into Chimamanda’s son’s death to October 8

The coroner's inquest into the death of Chimamanda Adichie's 21-month-old son has stalled until October 8 after Euracare secured a High Court order staying proceedings.
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Court halts coroner’s inquest into death of Chimamanda’s son

A Lagos High Court has suspended the coroner's inquest into the death of author Chimamanda Adichie's son, pending a challenge to its legality.
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Soyinka Raises Alarm Over Security Battalion Around Seyi Tinubu

Wole Soyinka questions the large security escort around Seyi Tinubu and urges the Presidency to rethink the use of state protection.
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Nigeria’s Urban Transport Makeover: Cities Turn to Sustainability to Tame Gridlock

KEY POINTS Nigerian cities like Lagos, Abuja, and Port Harcourt are adopting electric buses,...
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Five Nigerian Cities Experiencing the Fastest Rising Cost of Living in 2025

KEY POINTS Lagos, Abuja, Port Harcourt, Uyo, and Jos are the top five Nigerian...
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Lagos to Introduce Special Vehicle Plates for Persons with Disabilities

Lagos introduces special number plates for persons with disabilities to improve vehicle identification and inclusivity
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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.
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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.