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.
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.
The Nigerian Army dismantled 16 illegal refineries, arrested 23 oil thieves, and recovered over 67,000 liters of stolen products in the Niger Delta region.
The president has addressed Rivers State stakeholders by requesting they observe the Supreme Court decision while seeking peace during political tensions that continue to rise.
The federal government’s decision to rename the Ministry of Niger Delta Development has sparked mixed reactions, with leaders concerned about regional development.
Former federal lawmaker Farah Dagogo has accused Niger Delta governors of mismanaging the 13% derivation funds, leaving oil-producing communities in poverty despite the influx of billions of naira.
Nigerian officials are working together to tackle oil theft and pipeline vandalism in the Niger Delta, hoping to boost oil production and strengthen the country's economy.
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.
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.
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.
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.