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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

MTN Plans Second Public Offer in Nigeria After Recovery

MTN plans a second public offer in Nigeria, reducing its stake to 65 percent once profitability and negative equity are resolved
Business

Increased Telecom Rates Are Needed To Help The Industry Expand

Telecom executives explain increasing tariffs to fuel industry expansion, keep services working, and help empower customers move to digital ways.
Business

MTN and Airtel Make a Strong Comeback

MTN Nigeria and Airtel Africa, two of Nigeria's leading telecommunications companies, are charting a...
News

MTN, Airtel Slash FX Debt by $867 Million

MTN Nigeria and Airtel Africa reduce FX debt by $867 million, enhancing financial stability and positioning for growth amid economic challenges
News

MTN Shuts Down Stores Nationwide After SIM-NIN Chaos

MTN Nigeria closes stores nationwide after chaos over SIM-NIN linking directive, reflecting telecom sector challenges.
News

MTN Nigeria Reports ₦519 Billion Loss Amid Inflation, Weak Naira

MTN Nigeria faces a ₦519 billion loss in the first half of the year, impacted by inflation and a weak naira. The telecom giant explores strategies to mitigate financial challenges.
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

MTN Nigeria Ordered to Pay $72.5 Million Tax Fine by Lagos Tribunal

In a significant ruling, the Lagos State Division of the Tax Appeal Tribunal has...

Latest articles

News

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.