Abuja was named the capital city of Nigeria on December 12, 1991. Located in the central Federal Capital Territory (FCT), it replaced the most populous coastal city of Lagos in a process of structural reform aimed at national integration and more balanced regional development.
Several Nigerian financial institutions are significantly expanding their UK presence, with the banking sector expected to be a major driver of new employment. Zenith Bank has opened a new branch in Manchester, creating up to 30 direct jobs and providing a boost to the North West economy. The bank is also exploring a potential listing on the London Stock Exchange in 2027 as it seeks to deepen its presence in British financial markets and strengthen investment flows between the UK and Africa.
Over the past seven years, I've worked for multiple companies shipping blockchain integrations and production-grade financial infrastructure in Lagos, Amsterdam, and now Toronto. I started my career in Nigeria, where I was born and raised, and moved to Amsterdam in May 2023 after a short career break for a job as a senior software engineer. I returned to Nigeria after a year and worked until I received my Canadian work visa through my wife in October 2024.
From Senegal to Somalia and Egypt to South Africa, credit alert notifications from fintech apps such as Western Union or WorldRemit often set the mood for the rest of the day, week or even month. Transfers from workers within the continent and the diaspora to their relatives are often referred to as the black tax, whereby one person's salary and relative success can become the safety net for a whole extended family.