National News
9th EU-Nigeria Business Forum: Business leaders, policy makers to explore new investment opportunities
9th EU-Nigeria Business Forum: Business leaders, policy makers to explore new investment opportunities
By: Michael Mike
Nigerian and European business leaders, policy makers and institutional stakeholders will converge on Abuja on July 2, 2024 to identify and explore investment opportunities along specific value chains during the 9th European Union-Nigeria Business Forum.
The Forum, which is holding in the federal capital for the first time, according to a statement on Sunday is being organised by the EU Delegation to Nigeria and ECOWAS, in close coordination with EU Member States and the Federal Ministry of Industry, Trade and Investment.
Themed “Investing in jobs and a sustainable future”, the event will take place at Abuja’s Continental Hotel.
The EU Ambassador to Nigeria and ECOWAS, Samuela Isopi, said the Business Forum, aside from fostering engagement between businesses, policymakers, and stakeholders from Nigeria and the EU, will also facilitates trade, investment, and partnerships through networking, discussions, and policy shaping, to promote economic cooperation between the EU and Nigeria and stimulate sustainable growth for both parties.
She said: @It is important to note that for the first time since its inception, the 2024 edition of the EU-Nigeria Business Forum will be held in Abuja. This will provide an opportunity for the EU, its Member States and the private sector from Europe and Nigeria to engage the new administration on their investment agendas in a transparent and inclusive manner, with a view to fostering confidence and commitment to a stronger and sustainable partnership.”
As part of the EU Global Gateway Strategy, she explained, EU-funded projects will complement private sector investment in areas, which bring about critical social, economic, and environmental sustainability.
In the case of Nigeria, particular attention is paid to the harnessing of local talent, particularly among youth and women, as well as economic, social, and environmental resilience. Against this backdrop, she stated, the 9th EU Nigeria Business Forum will focus on current and prospective investment in the digital, health, and agricultural sectors.
According to Ms Isopi, the Business Forum will discuss options and respective benefits towards establishing a bilateral legal framework between the EU and Nigeria, bringing certainty, stability, and sustainability to bilateral trade and investment relations.
Minister of Industry, Trade, and Investment Dr. Doris Uzoka-Anite, expressed her support, saying: “I commend the EU Delegation to Nigeria and ECOWAS, as well as the EU Member States, for their dedication to promoting economic cooperation and stimulating sustainable growth. Let us seize this opportunity to pave the way for a prosperous future for both Nigeria and the EU.”
The Forum will run in a hybrid format, targeting sectoral associations, business community, and entrepreneurs, and is expected to attract at least 400 in-person participants, excluding those who will join the event virtually. It will also feature panels on a range of issues, including Confidence in the Nigerian Economy – sustainable solutions to attract Foreign Direct Investment (FDI), Digitalisation Leapfrog, Healthy Economies Thrive, and From Agriculture to Agribusiness.
9th EU-Nigeria Business Forum: Business leaders, policy makers to explore new investment opportunities
National News
VP Shettima Visits Victims Of Multiple Explosions In Maiduguri, Assures Of FG’s Tough Response To Terrorism
VP Shettima Visits Victims Of Multiple Explosions In Maiduguri, Assures Of FG’s Tough Response To Terrorism
By: Our Reporter
The Vice President, Senator Kashim Shettima, has restated the Federal Government’s resolve to defeat terrorism, declaring that those behind recent attacks in the country will be decisively confronted.
He noted that beyond the presidential directive to security chiefs, the Federal Government was investing more in equipment and other logistics to boost the fight against terrorism across the country.
Senator Shettima spoke on Wednesday in Maiduguri when he visited victims of the bomb blast who are receiving treatment at the University of Maiduguri Teaching Hospital.
Condemning the gory multiple explosions in Maiduguri on Monday in which more than 100 people were affected by the incident, with over 20 confirmed dead, he described the perpetrators as barbaric, stressing that no cause justifies the killing of innocent people.
The Vice President said his visit was to sympathise with the injured and families affected by the tragedy, assuring of government’s support through the National Emergency Management Agency (NEMA), the North East Development Commission, and the Borno State Government.
The Vice President was accompanied by Borno State Deputy Governor Usman Kadafur; NEMA Director-General, Zubaida Umar; Chief Medical Director of the University of Maiduguri Teaching Hospital, Professor Ahmed Ahijo, and other top government officials.
VP Shettima Visits Victims Of Multiple Explosions In Maiduguri, Assures Of FG’s Tough Response To Terrorism
National News
FG Declares Two-Day Public Holiday for Eid-ul-Fitr
FG Declares Two-Day Public Holiday for Eid-ul-Fitr
By: Michael Mike
The Federal Government has declared Thursday, March 19 and Friday, March 20, 2026, as public holidays to mark this year’s Eid-ul-Fitr celebration.
The announcement was made by the Minister of Interior, Olubunmi Tunji-Ojo, who congratulated Muslim faithful across the country on the successful completion of the holy month of Ramadan.
In a statement issued on Tuesday by Permanent Secretary in the Ministry of Interior, Dr. Magdalene Ajani, on behalf of the Federal Government, the minister urged Muslims to uphold the core values of love, generosity, peace, tolerance, and sacrifice, which define the Ramadan period. He emphasized the need for Nigerians to reflect on these virtues beyond the fasting season as part of efforts to build a more harmonious society.
Tunji-Ojo also called on citizens, regardless of religious affiliation, to use the festive period to pray for national peace, unity, and sustained progress, noting that collective responsibility remains key to the country’s stability.
He further encouraged Nigerians to celebrate responsibly and extend kindness to the less privileged, in line with the spirit of the season.
The declaration underscores the government’s continued commitment to promoting unity and peaceful coexistence in the country, as millions of Muslims prepare to celebrate one of the most significant festivals in the Islamic calendar.
FG Declares Two-Day Public Holiday for Eid-ul-Fitr
National News
Nigeria–UK Investment Surge to Generate Jobs, Deepen Economic Ties
Nigeria–UK Investment Surge to Generate Jobs, Deepen Economic Ties
By: Michael Mike
A new wave of multi-million-pound investments by Nigerian and British firms is set to create hundreds of jobs in both countries, reinforcing growing economic ties and positioning Nigeria as an emerging driver of global innovation and capital.
The investment push comes ahead of the state visit of President Bola Ahmed Tinubu to the United Kingdom, where both nations are expected to consolidate gains under the Enhanced Trade and Investment Partnership (ETIP), a framework aimed at boosting cooperation across key sectors.

At the centre of the development is an aggressive expansion by Nigerian banks and fintech companies into the UK market, alongside renewed commitments by British firms to scale operations in Nigeria.
In a major boost to Nigeria’s manufacturing sector, Twinings Ovaltine has unveiled a £24 million production facility in Lagos—its first on the African continent. The plant is projected to create over 100 direct jobs while strengthening export capacity across West Africa.
Nigeria’s financial institutions are also increasing their global footprint. Zenith Bank has launched a new branch in Manchester, with plans to generate dozens of jobs and deepen trade links between Africa and the UK. The bank is also considering a future listing on the London Stock Exchange as part of its long-term expansion strategy.

Likewise, Fidelity Bank is expanding its UK presence following the rebranding of Union Bank UK to FidBank UK, with plans to significantly grow its workforce and capital base. Other players such as FCMB are leveraging the UK as a strategic hub to roll out cross-border payment platforms aimed at facilitating trade between Africa and the global market.
The fintech sector is driving a substantial share of the new investments. LemFi has committed £100 million over five years, designating London as its global headquarters, while Moniepoint plans to expand its UK workforce to 100 employees by 2026. Digital bank Kuda Bank is also scaling up its UK operations as it eyes broader international growth.
Beyond finance and technology, the creative industry is emerging as another pillar of collaboration. EbonyLife is set to establish EbonyLife Place London, a move expected to create new jobs while amplifying African storytelling on a global stage.
Officials say the growing investment flows highlight increasing confidence in both economies. UK authorities point to the country’s stable regulatory environment and access to global capital, while Nigeria’s expanding digital and creative sectors continue to attract international interest.
Education and skills development are also receiving attention, with new partnerships between institutions such as the University of Birmingham and the University of Lagos focusing on cutting-edge fields including artificial intelligence, digital technology, and healthcare innovation.
With bilateral trade now estimated at £8.1 billion annually, analysts say the latest round of investments signals a shift in UK–Nigeria relations—from traditional trade to a more dynamic partnership driven by innovation, talent, and shared economic ambition.
The coming days are expected to yield further announcements as both governments seek to unlock new opportunities capable of delivering long-term growth and job creation for their citizens.
Nigeria–UK Investment Surge to Generate Jobs, Deepen Economic Ties
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