₦airaland Forum

Kimo21:
nne fem abeg. a country is not run by image laundring and propaganda. speaking all these big english will not change the reality of the calamity that this govt is. grow up and acquire sense. its free.

naptu2:
Apapa Port, Zenith Bank, Ebony Life, Monie Point, Ovaltine and other investment announcements as President Tinubu visits the UK

President Bola Tinubu is on a state visit to the UK and as with all such state visits, the military parades and pomp and circumstance will take center stage.

However, the visit is not only about ceremonies. Major new investment will flow between Nigeria and the UK.

The UK will invest £746 million in expanding and upgrading the Apapa and Tin Can Island ports, Twinings Ovaltine will open a £24 million factory in Lagos and many other such investments will be announced or signed during the visit.

Nigerian companies like Zenith Bank, Moniepoint and Ebony Life are also investing in the UK.

This thread is about the business side of the visit.




https://www.gov.uk/government/news/hundreds-of-new-uk-jobs-as-nigerian-companies-confirm-millions-in-investment

nightsaint:
As bombs explode in Bornu state, the president jets out to the UK! This is the hight of lack of empathy.

naptu2:
🤣 But it wasn't the Nigerian Government that released the statement. The statement was released by the UK Government.

Read , don't just react.

just2endowed:
Re-read what you just wrote and read it again. To the UK government is seen as an investment, and of course with interest

Gbadugbakun:
The same UK that cannot even create jobs for their citizens is what they're telling us would invest billions to create jobs in Nigeria?

Go and ask Nigerians living in the UK how difficult it is for them to get jobs, some have 3 PhDs and still nothing.

Tinubu should tell us another lie.

MatrixReloaded:
24 million ponds factory to employ only your community if e go choke

naptu2:
This was one of the most enjoyable types of arguments when I still argued on Nairaland.

Back in 2011 and 2012 I faced a lot of people that told me that the Lekki-Ikoyi Link Bridge was a scam, that nothing was being built and that it was just a means to steal money.

The thing was that I could see this bridge near my house, I drove past the worksite often and I could see it from Olateju Crescent. In fact, because of these people I went to observe the Alexander Avenue end of the bridge and I took photos from Olateju Crescent and posted them on Nairaland.

Here's the thing, how st upid must you be to claim that something that everybody can see is being done is not being done? Won't you look like a fo ol and liar when it is completed and everybody is using it??

They said the same thing about the Lagos-Ibadan railway, someone even told me thathe drove down the Lagos-Ibadan Expressway and didn't see any work and that the railway is a scam. I had to remind him that the rail line was near the Lagos-Abeokuta Expressway.

It was the same for the Lagos Blue Line, the same for the Second Niger Bridge (you won't believe the number of people that told me that no work was going on), etc.

Sirleo05:
New investments and jobs as president visit the UK,as if the jobs will be enough for everyone

naptu2:
Apapa Port, Zenith Bank, Ebony Life, Monie Point, Ovaltine and other investment announcements as President Tinubu visits the UK

President Bola Tinubu is on a state visit to the UK and as with all such state visits, the military parades and pomp and circumstance will take center stage.

However, the visit is not only about ceremonies. Major new investment will flow between Nigeria and the UK.

The UK will invest £746 million in expanding and upgrading the Apapa and Tin Can Island ports, Twinings Ovaltine will open a £24 million factory in Lagos and many other such investments will be announced or signed during the visit.

Nigerian companies like Zenith Bank, Moniepoint and Ebony Life are also investing in the UK.

This thread is about the business side of the visit.


Hundreds of new UK jobs as Nigerian companies confirm millions in investment

Hundreds of new UK jobs are set to be created as Nigerian companies scale up their operations, reinforcing Britain's position as a leading global business hub.

From: Department for Business and Trade, The Rt Hon Peter Kyle MP and The Rt Hon David Lammy MPPublished17 March 2026


⚫️ Nigerian companies including LemFi, Kuda, Moniepoint and Fidelity Bank expand UK operations.

⚫️ Major boost to North West economy as Zenith Bank opens new Manchester branch.

⚫️ Twinings Ovaltine opens £24 million Lagos manufacturing facility, ahead of historic Nigerian State Visit this week.

Hundreds of new jobs are set to be created across the UK as Nigerian banks, fintech innovators and creative industry businesses scale up their operations in Britain.

The move will see millions invested into the UK economy and reinforces 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.

It comes as the President of the Federal Republic of Nigeria, Mr. Bola Ahmed Tinubu, accompanied by the First Lady, Mrs. Oluremi Tinubu, are set to commence an historic State Visit on Wednesday, strengthening the UK’s position as a global hub for African business.

Thanks to the UK’s Trade and Industrial Strategies – combined with commitments made through the UK–Nigeria Enhanced Trade and Investment Partnership (ETIP) – the government is attracting investment into key growth sectors including financial services, technology, education and advanced manufacturing.

The Deputy Prime Minister held an ETIP reception yesterday at Kensington Palace, bringing together 180 senior representatives from government and industry to celebrate the breadth, depth, and continued growth of our trade relationship across priority sectors including financial services, education, creative industries, infrastructure and technology. Florence Eshalomi, UK Trade Envoy to Nigeria, also addressed the group.


Business and Trade Secretary 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".
Deputy Prime Minister David Lammy said:

"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".
Zenith Bank, one of Nigeria’s largest financial institutions, opens its Manchester branch today [Tuesday 17 March] with the capacity to create up to 30 new direct jobs in a boost for the North West 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.

Fidbank 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. Seven Nigerian banks now operate in the UK, supporting at least 1,000 jobs in total.


Dame Dr. Adaora Umeoji OON, Group Managing Director/CEO, Zenith Bank PLC 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.
Nigerian fintech investment is also accelerating rapidly:

⚫️ LemFi will 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.

⚫️ Kuda Bank is strengthening its UK headquarters as the base for global expansion and plans to double its UK footprint in 2026.

The UK’s reputation as a global creative capital also continues to deepen ties through:

⚫️ 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 DBT, 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 will 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.

The following British businesses are also set to benefit thanks to:

⚫️ 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.


⚫️ The Nigeria Sovereign Investment Authority (NSIA) has signed an agreement with Asset Green Ltd to explore a largescale 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 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.

⚫️ 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.


Notes to Editors:

⚫️ With bilateral trade now at an all-time high of £8.1 billion a year, the UK and Nigeria are showing how countries grow faster when they grow together.

https://www.gov.uk/government/news/hundreds-of-new-uk-jobs-as-nigerian-companies-confirm-millions-in-investment