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Markets

Tinubu's UK Visit Boosts Economic Ties in Historic Trip

Published 18 March 2026

President Bola Tinubu of Nigeria arrived in the United Kingdom on Wednesday for a historic state visit, the first by a Nigerian leader in 37 years, aimed at bolstering economic and diplomatic relations between the two nations. Accompanied by First Lady Oluremi Tinubu, the four-day engagement coincides with bilateral trade reaching a record 8.1 billion pounds annually, fueled by a series of investment agreements finalized under the UK-Nigeria Enhanced Trade and Investment Partnership.

The visit highlights a surge in cross-border investments across financial services, fintech, manufacturing, education, and creative industries, expected to create hundreds of jobs in both countries. Officials from both governments described the developments as evidence of growing investor confidence and mutual economic benefits. A reception at Kensington Palace on Monday gathered about 180 representatives from government and industry to mark the expanding partnership.

In the financial sector, seven Nigerian banks now operate in the UK, supporting at least 1,000 jobs. Zenith Bank opened a new branch in Manchester this week, projected to generate up to 30 direct positions while exploring a potential...

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