Nigeria, March 19 -- Nigeria has entered an export finance deal of £746 million with the United Kingdom, aimed at modernising two of its major seaports - Lagos Port Complex and TinCan Island Port Complex - and positioning them to be globally competitive.

The UK Export Finance is guaranteeing the fund, which will enhance maritime logistics and trade efficiency at the country's busiest seaports.

The deal announced on Thursday comes during President Bola Tinubu's state visit to King Charles of Britain at Windsor Castle, the first by a Nigerian in nearly four decades.

"Together, the two ports handle more than 70 per cent of Nigeria's imports and exports and serve as the central arteries of the nation's maritime trade," a statement by ...