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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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5 Forces That Will Shape Nigeria’s Direction In 2026

Nigeria’s path in 2026 will depend on the economy, politics, public mood and security as the country edges closer to 2027.
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CBN’s Global Investor Push Boosts Nigeria’s Economic Confidence

Nigeria’s CBN promotes reforms, policy stability, and market transparency to global investors, driving Eurobond demand and renewed confidence in the economy.
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₦58.18 Trillion Budget: Nigerians Want Impact, Not Figures — Natasha

Lawmakers say Nigeria’s 2026 budget will be judged by impact on daily life, not its ₦58.18 trillion size
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Festive Season Pressure Sends Nigeria’s Inflation to Four-Month High

Nigeria’s November inflation climbed month-on-month as festive demand and insecurity lifted food prices, despite easing annual inflation trends.
Business

CBN Lifts Limits, Raises Weekly Withdrawal Threshold

The Central Bank of Nigeria has overhauled its cash-handling rules, lifting deposit limits and increasing weekly withdrawal thresholds to N500,000 for individuals and N5 million for corporates.
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CBN Holds Benchmark Interest Rate at 27 Percent

The Central Bank of Nigeria has held its benchmark rate at 27 percent, keeping pressure on inflation while signaling caution on economic risks.
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Manufacturers Shun Bank Loans Over High Interest Rates

Nigerian manufacturers cut bank loans 20.3% and finance costs 52.8%, citing high interest rates and shifting to equity.
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Economy: Experts Question Federal Government’s Positive Assessment

Analysts say Nigeria’s economic gains are largely on paper, with macro improvements yet to translate into real relief for citizens. Experts urge targeted reforms for inclusive growth.
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7 Ways People Waste Money Without Noticing

People often lose money through unnoticed daily habits. These seven common financial leaks quietly weaken budgets and increase monthly pressure.
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Dangote’s Fortune Slips Below $30 Billion as Cement Shares Fall

Dangote’s wealth dips below $30 billion as cement shares fall on investor caution and Nigeria’s new capital gains tax.
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CANMPEF Warns Inflation, Taxes Threaten Industrial Growth

CANMPEF warns inflation, taxes, and forex issues threaten Nigeria’s industrial stability despite modest growth in 2024.
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Nigerians to Pay Nearly N1 Trillion More for Petrol as 15% Import Tariff Takes Effect

Nigeria’s new 15% fuel import tariff will add nearly N1 trillion yearly to petrol costs for consumers nationwide.
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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.