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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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Edo Governor Okpebholo Announces ₦75,000 Minimum Wage

KEY POINTS Edo State raises minimum wage to ₦75,000, exceeding rates in Lagos and...
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NLC Accuses Tinubu Of Betrayal Over Minimum Wage, Fuel Price

NLC President Joe Ajaero accuses President Tinubu of breaking his promise not to raise fuel prices during minimum wage negotiations.
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 NYSC Debunks Rumors of N70,000 Minimum Wage for Corps Members

The NYSC has denied rumors of a N70,000 minimum wage for corps members, advising them to ignore misinformation and rely on official updates.
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Tinubu Intervenes in Minimum Wage Talks, Secures N70,000 Agreement

President Tinubu secures a new minimum wage of N70,000 to address economic challenges faced by Nigerian workers.
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Nigerian Governors Convene in Abuja to Address Minimum Wage, LG Autonomy

Nigerian governors convene in Abuja to address the controversial minimum wage and local government autonomy, seeking collaborative solutions to pressing national issues.
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Senate Denies Plans to Seize State Funds in Wage Bill

The Senate denies plans to seize state and local funds in the proposed New Minimum Wage Bill, calling reports unfounded and misleading.
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Looming Strike Threatens to Deepen Economic Hardship

Nigerian rights group CERON warns the government of a looming labor strike that could worsen the nation's economic hardship. The group urges renewed negotiations between the government and labor unions to reach a compromise on a new minimum wage. With Nigerians already struggling, a strike would further erode purchasing power and potentially lead to social unrest.
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Labour Expresses Doubts Over May Implementation of New Minimum Wage

Labour unions have voiced skepticism regarding the timely implementation of the new minimum wage...
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Niger Police, DSS Meet Ahead of Planned Protest

Niger State Police Command and the Department of State Services (DSS) have held separate...
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NLC Threatens to Demand N1 Million Minimum Wage Amid Inflation Crisis

The Nigeria Labour Congress (NLC) has warned that it may push for a new...

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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.