IBOV 168,602.58 ▼ 0.35% IPC MEX 69,787.41 ▲ 0.87% MERVAL 2,848,945 — — USD/BRL5.43▲ 0.88% USD/MXN18.78▼ 0.47% USD/CLP990.12▲ 0.19% USD/COP3,191▲ 0.77% USD/PEN3.46▲ 0.06% USD/ARS1,538▼ 0.03% USD/UYU40.19▲ 3.18% USD/PYG5,965▲ 5.35% USD/BOB12.07▲ 3.37% USD/DOP60.42▲ 0.50% USD/CRC451.45▲ 2.56% USD/GTQ7.64▲ 3.29% USD/HNL26.88▲ 0.49% USD/NIO36.62▲ 0.07% USD/VES887.03▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 2.89% USD/TTD6.71▲ 2.13% EUR/BRL6.06▲ 1.72% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 168,602.58 ▼ 0.35% IPC MEX 69,787.41 ▲ 0.87% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
since 2009
Friday, October 30, 2026

Africa Africa & Latin America

Nigeria’s Kidnap Economy: Prayers, Ransoms and Empty Villages

By · August 30, 2026 · 6 min read
Third Mainland Bridge in Lagos, Nigeria
Lagos, commercial capital of a country where kidnapping has become an organised industry

Security · Nigeria

—The mosque. Gunmen surrounded a mosque in Kpenya village, in Niger State’s Borgu district, during Friday prayers on 21 August and marched the worshippers away.

—The numbers. The local council chairman counts at least sixty abducted; residents say about eighty, while reports of six hundred have been officially rejected.

—The pattern. It was the area’s second mass abduction in nine months, after more than three hundred schoolchildren were taken from Papiri last November.

—The business. Kidnap-for-ransom has become an industry across Nigeria’s north-west and north-central states, run by armed groups known locally as bandits.

—The response. President Tinubu has ordered a coordinated rescue operation, and troops are deployed across Borgu’s forests.

—The cost. Communities empty out, farms go untended, and families sell land and harvests to free their relatives.

They came at two in the afternoon, during Friday prayers, and took the congregation. A week later Nigeria still cannot say how many — and that uncertainty is itself part of how the ransom business works.

Friday in Borgu

The attackers moved through the villages of Gidan-Zana and Kpenya in Borgu, a remote river district of Niger State, before surrounding the mosque during Juma’at prayers on 21 August.

The council chairman, Abdullahi Mohammed Nasir, put the number taken at sixty or more. A youth leader said about eighty, among them his own 85-year-old father; other residents gave figures far higher, which officials publicly rejected.

No group has claimed the abduction, which is normal. Police say no lives were lost in the raid itself, and the military was sent in only after the gunmen had vanished into the forest.

Four days later, President Tinubu ordered the armed forces, police and intelligence service into a coordinated rescue. The ordering of rescues has become one of the presidency’s most repeated duties.

How the ransom economy works

The kidnappers of north-west Nigeria are not an army but an industry. Dozens of armed gangs, called bandits locally, run forest camps, keep hostages for weeks, and negotiate by phone through intermediaries.

The business model is proven and repetitive. In November, more than three hundred children and twelve teachers were taken from a Catholic school in Papiri, one district away from Friday’s mosque.

The catalogue since then reads like a ledger: 177 worshippers abducted from three churches in Kaduna in January, thirty-eight from a church in Kwara last November, twenty-five schoolgirls from Kebbi. Most were freed after payments that officials deny and families confirm.

Ransoms are paid in cash, motorbikes and food, and they compound. Every payment funds the next raid, and gangs that clash over territory also compete over the richest hunting grounds.

The pricing is grimly efficient. A farmer’s family pays in sacks of grain and borrowed notes; a trader’s family pays more; a foreign engineer’s employer pays most of all.

Why the state cannot reach

Borgu is bigger than some countries and policed by almost no one. Its one border patrol outpost was reportedly torched by gunmen in January; the nearest reinforcements are hours away on broken roads.

The military is stretched across simultaneous insurgencies in the north-east, bandit wars in the north-west and farmer-herder conflicts in the middle belt. Niger State alone has hosted all three in a year.

The forests that hide the camps also hide gold. Illegal mining sites in the same district have drawn foreign workers and armed protection, braiding the kidnap economy into the mining economy.

Abduction figures stay disputed for days because there is no authority on the ground to count. In Borgu this week, the gap between sixty and six hundred was filled by fear.

Even the successes show the shape of the problem. Rescues happen when troops sweep a forest corridor and stumble on a camp, not when the ransom pipeline is cut at its source.

What it does to a region

The first casualty is the harvest. Farmers in Niger and Kaduna now weigh the risk of the field against the risk of the forest, and entire villages have relocated to the highways.

Schools are the second. Each mass abduction closes classrooms across the north, and parents in Papiri waited months for children taken in November.

The third is political. With elections due in 2027, security has become the opposition’s first argument, and programmes are being built around the state’s failure to reach its own countryside.

A fourth casualty is quieter: trust in counting itself. When officials, residents and reporters carry three different numbers for the same mosque, the state’s claim to know its own territory weakens.

Nigeria’s kidnappers have learned what every extortionist knows: the price of a person is whatever the family can borrow. Until the state makes that price zero, the market will keep clearing.

Background: Brazil Focus Survey Shows Weaker Growth, Sticky Inflation.

Frequently Asked Questions

What happened in Borgu, Niger State, in August 2026?

Gunmen attacked villages in the Borgu district on Friday 21 August and abducted worshippers from a mosque in Kpenya during afternoon prayers. The local chairman counts at least sixty taken, residents say about eighty, and President Tinubu has ordered a coordinated rescue operation.

Why is kidnapping so common in north-west Nigeria?

Kidnap-for-ransom has become an organised industry run by armed gangs based in vast forest reserves. Weak rural policing, competition between gangs, and reliable ransom payments by families and communities keep the business model profitable.

Who are the ‘bandits’ behind Nigeria’s mass abductions?

They are dozens of loosely organised armed groups rather than a single movement. Unlike the ideological insurgents of the north-east, the bandit gangs of the north-west and north-central states are primarily commercial, though some cooperate with jihadist factions.

What is Nigeria’s government doing about mass kidnappings?

It deploys the military after attacks and orders rescue operations, as it did for Borgu four days after the raid. Critics note the pattern is reactive: forest camps, informant networks and ransom flows remain largely untouched.

Connected Coverage

Africa Intelligence Brief — Friday, August 28, 2026

Africa Intelligence Brief — Wednesday, August 26, 2026

More from the Africa section

The Big Picture

Africa: The New Scramble — why the world’s powers are competing for the continent

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

Africa Intelligence

One email, every weekday morning. African markets, politics and business — filed from our newsroom in Rio.

Yesterday’s subject line: “Greece tells the UN Turkey's Libya sea deal is invalid”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.