Nigerian banks, fintech companies, and creative industry businesses are expanding their operations in the UK, injecting millions of pounds into the economy and creating hundreds of jobs.
This significant investment is driven by the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP), which aims to boost bilateral trade and cooperation.
Companies like LemFi, MoniePoint, and Kuda Bank are leading the charge, with LemFi investing £100 million over five years as it establishes London as its global headquarters.
MoniePoint plans to grow its London-based team to 100 employees by 2026, while Kuda Bank is strengthening its UK operations as a base for global expansion.
Zenith Bank has opened a new branch in Manchester, creating up to 30 direct jobs and exploring a potential London Stock Exchange listing by 2027.
Fidelity Bank is also expanding its UK presence, planning to double its workforce in 2026 and position London as its global hub.
The UK government welcomes this development, with Business and Trade Secretary Peter Kyle stating that the partnership is strengthening both economies and delivering real benefits for people in both countries.
The investment is expected to reinforce the UK’s position as a leading global business hub, showcasing Nigeria’s growing role as a key source of innovation and investment
