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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

Nigeria’s $92 Billion Lithium Boom Leaves Local Investors Struggling

Nigeria’s $92 billion lithium industry is dominated by foreign companies, leaving local investors sidelined in the race for green energy profits.
News

Power from the People: Makoko’s Floating Classrooms Harness Renewable Energy to Educate the Future

KEY POINTS Makoko’s floating classrooms are using solar panels, wind turbines, and pedal-powered generators...
News

The Future of Renewable Energy in Nigeria: Opportunities and Challenges

KEY POINTS Nigeria has vast potential for renewable energy, particularly in solar and wind...
News

Decentralized Electricity is Vital For AI Adoption, Okonjo-Iweala

Okonjo-Iweala: Decentralized electricity, investments in AI infrastructure crucial for Nigeria's readiness.
Society

Nigeria’s National Grid Challenges: Reform Efforts and Pathways to Sustainability

Nigeria’s energy sector faces persistent challenges, with grid inefficiencies and energy poverty hindering economic growth and development.
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Nigerians Spend $10bn Yearly on Generator Maintenance

Nigerians spend $10 billion annually on petrol generator maintenance, driven by unreliable electricity. Experts urge investment in renewable energy solutions.
News

President Tinubu, Chinese Firms Launch $200M Lithium Facility

President Tinubu inaugurates Nigeria's largest lithium processing plant in Nasarawa, signaling a major leap in renewable energy investments and sustainable mining practices.
News

Power Outage Worsens as Nigeria Gas Company Fixes Pipeline

Nigeria, Africa's most populous nation, is experiencing a severe power outage that has affected...
News

Nigeria Loses Billions to Power Outages, Experts Seek Energy Transition 

Nigeria, Africa’s largest economy, faces a severe energy crisis that costs the country billions...

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.