By Adedapo Adesanya

The United Kingdom government has welcomed a surge in Nigerian-led business expansion across Britain, as banks, fintech firms and creative enterprises commit millions in new investments and job creation, further strengthening bilateral economic ties between both countries.

According to a statement from the Foreign Commonwealth and Development Office (FCDO), this reinforces the UK’s appeal as a global hub for innovation, capital access and regulatory stability and comes as President Bola Tinubu is set to commence a state visit on Wednesday, March 18, for the first time in 37 years.

It noted that the expansion means hundreds of new jobs are set to be created as Nigerian banks, fintech innovators and creative industry businesses scale up their operations.

“The move will see millions invested, reinforcing the UK’s position as a leading global business hub, backed by world‑class talent, strong access to capital, and a stable regulatory environment – while showcasing Nigeria’s expanding role as a key source of innovation and investment into the UK, growing both economies,” the statement said.

Speaking at a reception held at Kensington Palace on Monday, Deputy Prime Minister David Lammy said the UK’s Trade and Industrial Strategies, combined with commitments made through the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP), mean the government is attracting investment into key growth sectors, including financial services, technology, education and advanced manufacturing.

“The UK and Nigeria’s Strategic Partnership is bringing momentum and opportunity to innovators in both our countries. We are reducing barriers, creating jobs and opening new pathways for growth. Growth is the core mission of this government, and it underpins our relationship with Nigeria. I am deeply proud that the cultural and commercial bonds between our nations are thriving and that both our businesses and people are feeling the benefits of that.”

On his part, Business and Trade Secretary, Mr Peter Kyle said, “The UK and Nigeria share a belief in the power of enterprise, innovation and education to transform lives, and today’s commitments show exactly that. With Nigerian firms creating jobs across the UK and British businesses expanding into one of the world’s fastest growing markets, our partnership is strengthening both economies and delivering real benefits for people in both countries.”

Zenith Bank, one of Nigeria’s largest financial institutions, has opened its Manchester branch with the capacity to create up to 30 new direct jobs in a boost for the Northwest economy.

The bank is also exploring a 2027 London Stock Exchange listing to deepen its UK market presence and unlock long-term funding for UK-Africa growth.

The chief executive of Zenith Bank, Ms Adaora Umeoji, said, “The United Kingdom remains a key global financial centre. The opening of Zenith Bank, Manchester, therefore, marks another important milestone in our international expansion strategy, enabling us to deepen relationships with our customers, support trade and investments, and connect businesses between Africa and the UK more effectively.”

Fidelity Bank’s acquisition and rebrand of Union Bank UK into FidBank UK plans to double its 62‑person workforce in 2026 and add new capital, while the Fidelity Group makes London its global hub.

FCMB has also selected the UK as the first international destination for its digital cross-border payments platform, boosting trade and investment flows between Africa and the rest of the world.

The statement revealed that seven Nigerian banks now operate in the UK, supporting at least 1,000 jobs in total.

Nigerian fintech investment is also accelerating rapidly with LemFi planning to invest £100 million over the next five years as it designates London its global headquarters, Moniepoint plans to grow its London based team to 100 employees in 2026, building the infrastructure that supports millions of African users worldwide, and Kuda Bank is strengthening its UK headquarters as the base for global expansion and plans to double its UK footprint in 2026.

On the creative end, EbonyLife, one of Nigeria’s leading creative industry brands, will launch EbonyLife Place London, creating up to 40 new jobs and strengthening the UK’s role as a home for African storytelling and creative talent.

The SCALE Creative Entrepreneur Award Programme, developed by the British Council and supported by the Department for Business and Trade, will support young Nigerian and UK creative entrepreneurs to grow internationally and build lasting ties to benefit both the UK and Nigerian creative economies.

The UK Advertising Exports Group is due to announce a strategic partnership with the Nigerian advertising sector. This will include a UK-Nigeria Advertising Summit taking place later this year and a talent exchange scheme which will deepen bilateral engagement.

The British Council and the Federal Ministry of Art, Culture, Tourism and Creative Economy in Nigeria will deliver the UK/Nigeria Season of Culture in 2028, involving a range of innovative initiatives and events designed by UK and Nigeria creative organisations.

A Creative Industries Roundtable at Lancaster House will bring together alumni, Chevening scholars and creative leaders from both countries.

Also, the partnership will also see British businesses benefit, including Twining’s Ovaltine launching a £24 million manufacturing facility in Lagos, its first in Africa, creating over 100 direct jobs and boosting the company’s exports across West Africa.

British fintech Wise will receive approval for its first Nigerian licence, enabling it to expand in a remittances market valued at up to £39.9 million and the Nigeria Sovereign Investment Authority (NSIA) has signed an agreement with Asset Green Ltd to explore a large-scale integrated dairy project that will strengthen Nigeria’s dairy value chain, reduce reliance on imports and improve nutrition.

Leading UK universities are also expanding into Nigeria, helping train the next generation of Nigerian and British scientists, technologists and innovators. Nigeria is a key education partner and a priority country for the UK’s International Education Strategy.

The University of Birmingham and the University of Lagos have signed a new agreement to deliver programmes in Applied AI, Digital Communications and Global Surgery. The London School of Economics (LSE) has launched a new Data Science partnership with Nile University of Nigeria, alongside the University of the West of England, opening a dedicated office in Lagos.

Wellington College International Lagos will open in 2027, offering places for 1,500 students – becoming one of West Africa’s flagship British curriculum schools and EStars, a UK‑owned educational esports and technology company, will partner with the Lagos State Ministry of Basic and Secondary Education to deliver esports‑based digital learning programmes to around three million students.

By Modupe Gbadeyanka

The security chiefs have been directed by President Bola Tinubu to relocate to Maiduguri, Borno State, after suicide bombers unleashed terror on residents on Monday evening.

There were multiple attacks in the Borno State capital yesterday, as confirmed by the police command in the state.

In a statement on Tuesday, President Tinubu commiserated “with the Borno people over recent terror strikes,” describing the incidents as “profoundly upsetting.”

“I have directed security chiefs to move to Maiduguri to take charge of the situation. I have also directed the emergency agencies to provide proper care for the injured,” he was quoted as saying in the statement issued by his Special Adviser on Information and Strategy, Mr Bayo Onanuga.

Mr Tinubu mourned the fatal victims of the attacks and sympathised with the injured, stressing that “these acts of terror are the final desperate and frantic attempts by criminals and terrorist elements trying to instil and spread fear, as they are under constant pressure from our brave armed forces and security agencies operating in various theatres.”

 “We will continue to intensify our efforts against all criminal elements, wherever they may be,” the President assured.

“The Monday attacks were desperate acts of the evil-minded terrorist groups. Our gallant military and civilian task forces will curtail and put them down.

“Just last weekend, during a security meeting with leaders of security and intelligence agencies, I approved additional equipment and operational support to enhance their capabilities. This effort is already in progress.

“There is no place in Nigeria where terrorists will find safety. We will locate them, confront them, and completely defeat them,” he stated.

President Tinubu praised the troops for their “courage and fighting spirit.”

By Adedapo Adesanya

The Nigeria Police Force in Borno State has confirmed that 23 persons were killed and 108 others injured following multiple explosions that rocked Maiduguri on Monday evening, in what authorities described as coordinated suicide attacks.

The incidents, which occurred at about 7:24 p.m., targeted crowded and strategic locations within the metropolis, including the Maiduguri Monday Market, the gate of the University of Maiduguri Teaching Hospital, and the Post Office Flyover, Maiduguri.

In a statement issued by the Police Public Relations Officer, ASP Nahum Kenneth Daso, preliminary investigations revealed that the explosions were carried out by suspected suicide bombers using improvised explosive devices (IEDs).

The coordinated nature of the attacks, which struck nearly simultaneously across different parts of the city, has raised fresh concerns about evolving tactics by insurgent groups seeking to undermine ongoing counter-terrorism efforts in the North-East.

Security analysts noted that the choice of targets: a major market, a hospital vicinity, and a busy flyover, suggests an intent to maximise casualties, spread fear, and disrupt socio-economic activities in the state capital.

In response, a combined team of Police Tactical Units, military personnel and other joint security operatives were immediately deployed to the affected areas.

The scenes were swiftly secured and cordoned off, while the Explosive Ordnance Disposal (EOD) Unit conducted detailed sweep operations to rule out the presence of additional explosive devices.

The Governor of the state, Mr Babagana Zulum, in a statement, said the explosions had ​claimed victims and injured others, without elaborating or saying who was responsible.

“The act ​is utterly condemnable, barbaric, and inhumane,” said Mr Zulum.

The Commissioner of Police, CP Naziru Abdulmajid, led a high-level assessment visit to the affected locations, where he commiserated with victims and their families.

He assured residents of the command’s unwavering commitment to safeguarding lives and property, noting that enhanced security measures had been activated across the state.

Emergency responders, including the National Emergency Management Agency (NEMA) and the Borno State Emergency Management Agency, worked in coordination with medical teams to evacuate victims to hospitals, where they are currently receiving treatment.

Boko Haram and Islamic State West Africa Province (ISWAP) have ⁠carried ​out several attacks against army bases across Borno ​this month, killing several troops and seizing weapons.