Morning recap: NYSC kidnappers slash ransom to N100m, Nigerians’ personal loans hit N2tn, other top stories

The recent kidnapping of 20 prospective NYSC members in Imo State has led to a significant reduction in the ransom demand from N1bn to N100m, though families remain concerned over the victims' safety. Meanwhile, personal loans among Nigerians have surged to an estimated N2.06tn due to persistent cost pressures and weak consumer spending.

The Nigerian Army bid farewell to discharged Master Warrant Officers at Depot Nigerian Army, Zaria, urging them to remain good ambassadors of the service. The Dangote Refinery IPO has left investors uncertain about when they could begin to see returns, with analysts warning against borrowing to buy shares.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.