Trade between the United Kingdom and Nigeria hit a record £8.1 billion, driven by growing financial and technology ties, as Nigerian banks and fintech companies increasingly establish a presence in the UK market.
Major Nigerian lenders such as Zenith Bank, FCMB, and Fidbank, alongside fintech innovators like Moniepoint, Kuda, and LemFi, have expanded operations in London, providing cross‑border financial services and strengthening economic links between the two countries.
Business Insider Africa says this surge in trade is supported by the Enhanced Trade and Investment Partnership between the UK and Nigeria, alongside strategic efforts by Nigerian firms to leverage the UK as a global financial hub for regional and international expansion.
The record trade underscores Nigeria’s rising integration with European markets and highlights the pivotal role of financial technology in driving cross‑border investment, innovation, and job creation.
