Nigeria-UAE Non-Oil Trade Hits $5bn as First Abu Dhabi Bank Opens in Lagos
Michael Olugbode in Abuja
Economic relations between Nigeria and United Arab Emirates (UAE) have reached a new milestone, with bilateral non-oil trade rising to $5 billion in 2025 and plans underway for the opening of the First Abu Dhabi Bank (FAB) in Lagos, a development expected to deepen financial and investment ties between both countries.
The announcement came during a meeting between Nigeria’s Minister of Foreign Affairs, Bianca Odumegwu-Ojukwu, and UAE Ambassador to Nigeria, Salem Saeed Al-Shamsi, in Abuja.
The UAE envoy disclosed that the country’s largest financial institution, First Abu Dhabi Bank, was set to establish operations in Lagos, while UAE’s national carrier, Etihad Airways, will commence flights to Abuja later this year.
