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
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:
Deputy Prime Minister David Lammy said:
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:
Nigerian fintech investment is also accelerating rapidly:
The UK’s reputation as a global creative capital also continues to deepen ties through:
The following British businesses are also set to benefit thanks to:
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.
Notes to Editors: