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Court orders final forfeiture of $13m linked to Lagos

featured News

Crude-for-naira: Dangote refinery gets only five of 15 cargoes,

Oil and Gas

Court nullifies CBN’s dissolution of Union Bank board

Banking
Fraud losses decline in Nigerian banks in Q1 2024 - Report

Nigerian banks raise ₦4.61trn ahead of recapitalisation deadline

Banking

Tag: United Kingdom

Dangote names Lekki refinery road after Wigwe
Opinion

UK deal signals growing investor confidence in Nigeria — Dangote

Africa’s richest man, Aliko Dangote, has hailed a major £746 million financing agreement secured during President Bola Tinubu’s recent state visit to the United Kingdom as a clear sign of rising international confidence in Nigeria’s economy. Speaking to journalists after a courtesy visit to President Tinubu at his Lagos residence on Monday, Dangote described the […]

Investment

UK-Nigeria seal new export deals during Tinubu’s historic visit

The United Kingdom and Nigeria have sealed new export agreements as both countries committed to elevating their economic partnership. UK Prime Minister Keir Starmer announced the development on Thursday during a bilateral meeting with President Bola Tinubu at 10 Downing Street. The meeting took place on the second day of President Tinubu’s historic state visit […]

Investment

Nigeria-UK trade hits £8.1bn as Ovaltine opens Lagos facility

British beverage maker Twinings Ovaltine has announced plans to launch a £24 million manufacturing facility in Lagos. This forms part of broader trade engagements between Nigeria and the United Kingdom. The facility is expected to create over 100 direct jobs. It will also boost the company’s exports across West Africa, according to a statement from […]

Investment

Tinubu seeks UK partnership to tackle Nigeria’s insecurity

President Bola Tinubu stated on Wednesday that he is ready to engage with the British government to combat insecurity in Nigeria. Speaking at a reception organised for him and his wife at Windsor Castle by the British Royal Family, President Tinubu noted that Nigeria, the largest democracy in the West African sub-region, faces serious security […]

Food

Nigeria, UK sign $500m diary project deal to boost food security

The Nigeria Sovereign Investment Authority has signed a Memorandum of Understanding with United Kingdom-based Asset Green Ltd to advance the development of a large-scale integrated dairy livestock production and processing platform to transform Nigeria’s dairy industry and strengthen national food security. Once operational, the platform is expected to generate over US$620 million annually and create […]

featured News

Tinubu arrives UK for historic state visit

President Bola Tinubu and First Lady, Senator Oluremi Tinubu, have arrived in the United Kingdom to begin a historic state visit. Their aircraft landed at Stansted Airport on Tuesday afternoon at about 3:23 p.m. local time, marking the official start of the trip. The development was disclosed by the Special Adviser to the President on […]

Sale of China iPhone plunge as Huawei's popularity rises
News

Over 200 arrested for phone theft in London

In the last four weeks, authorities in London, United Kingdom have arrested over 200 individuals in a major phone theft crackdown, employing drones and facial recognition to identify suspects. The Metropolitan Police confirmed 248 arrests for mobile phone theft, with around 770 devices seized, and an additional 122 people arrested for other offences linked to […]

UK job vacancies drop 23%, signaling economic slowdown
Economy

UK tops Nigeria’s capital inflows with $2.94bn in Q3 2025

The United Kingdom has emerged as the largest source of capital inflows into Nigeria in the third quarter of 2025, according to data released by the National Bureau of Statistics. The NBS reported that inflows from the UK totaled $2.94 billion, which represented 48.80 per cent of the total capital imported during the quarter. The […]

UK PM Starmer pledges tougher immigration rules in sweeping overhaul
featured News

UK PM faces crisis as top aides resign successively

In the United Kingdom, Prime Minister Sir Keir Starmer is facing mounting pressure after two of his most senior aides resigned in quick succession. Tim Allan, Downing Street’s director of communications, stepped down just a day after the departure of chief of staff Morgan McSweeney. Allan, who joined No 10 last September during Starmer’s attempted […]

Travel

UK firms spent ₦556bn sponsoring 84,106 Nigerians’ work visa

British employers spent an estimated N556.6 billion on work visa sponsorships for 84,106 Nigerian skilled workers in the fiscal year ending March 2024. This figure comes from data obtained by The PUNCH from the UK Home Office. The workers were mainly employed in the healthcare, information technology, and engineering sectors. The amount ranks Nigeria as […]

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