United Kingdom – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Thu, 04 Jun 2026 13:11:26 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png United Kingdom – Tech | Business | Economy https://techeconomy.ng 32 32 UK Universities Risk Losing International Student Sponsorship Rights Under New Policy https://techeconomy.ng/uk-universities-international-student-visa-rules/ https://techeconomy.ng/uk-universities-international-student-visa-rules/#respond Thu, 04 Jun 2026 13:11:26 +0000 https://techeconomy.ng/?p=182856 The United Kingdom (UK) is moving to restrict universities’ ability to sponsor international students, introducing higher performance standards and a new rating system aimed at reducing visa abuse linked to study routes.

The Home Office confirmed that universities must now meet higher compliance thresholds if they want to keep sponsoring international students.

Officials say the changes are designed to close gaps in the system while keeping the UK open to genuine applicants.

Under the revised policy, universities will need at least a 90% course completion rate for international students, up from 85%. They must also ensure a 95% enrolment rate, compared with the previous 90%.

A visa refusal rate will also be monitored more closely, capped at below 5%, down from 10%.

These result from issues with how some students use study visas. In the year ending March 2026, 10,835 people who entered the UK on study visas went on to claim asylum.

That is a small share of total student visa holders, but officials say the pattern needs stronger supervision.

The UK issued 409,954 sponsored study visas for international students in the same period. That is lower than the 498,626 recorded in the peak year ending June 2023.

The decline followed earlier restrictions, including limits on dependants for international students.

The Home Office will also introduce a traffic light rating system for universities from summer 2027. Institutions will be placed in green, amber or red categories based on compliance levels.

Green-rated universities will retain full sponsorship rights, while Amber status will bring closer monitoring and reputational warnings. Red-rated institutions will face limits on international recruitment and must fund a 12-month improvement plan.

If they fail to improve, they risk losing the right to sponsor international students entirely.

Minister for Migration and Citizenship Mike Tapp defended the policy direction and said the government still values international students.

The UK will always welcome genuine international students, and our universities are rightly admired around the world, but our visa system must not be used as a backdoor to asylum and illegal working,” he said.

He added: “Student asylum claims are down 30% in the last year. I thank the sector for their co-operation in achieving this, but we must go further.

“Those seeking to game the system should know we are watching, and won’t hesitate to act.”

The government is currently tracking how different nationalities use study and other legal visa routes. Pakistani nationals accounted for the largest share of asylum claims in the latest reporting period, with many entering through legal visas.

Eritrean nationals were more often recorded arriving through irregular routes, including small boat crossings. Iranian and Afghan nationals also featured prominently in asylum figures.

Nigeria was not among the top nationalities in the most recent breakdown. However, Nigerian asylum applications have grown over time.

Between 2010 and 2024, Nigerian nationals submitted 22,619 asylum claims in the UK. That placed Nigeria 11th among all nationalities during that period.

Applications also surged in recent years, increasing from 1,462 in 2023 to 2,841 in 2024.

Universities are already feeling the pressure from earlier immigration changes. A restriction introduced in 2024 limited international students from bringing dependants. That change contributed to a fall in study visa grants.

The government has also taken targeted steps against specific countries, including suspending study visa routes for nationals of Afghanistan, Cameroon, Myanmar and Sudan at different points due to asylum concerns.

Universities warn that the financial impact of reduced international enrolment is already visible. Higher education institutions rely heavily on overseas tuition fees, which generate about £37 billion annually for the UK economy.

Professor Malcolm Press CBE DL, president of Universities UK, said the sector supports efforts to protect system integrity but warned against instability.

International students bring significant economic and soft power benefits, contributing £37 billion in export earnings. We want the UK to remain open and welcoming, but that depends on responding quickly to any risks of abuse.

What universities need from government is policy stability, transparent visa decision-making, and real-time data to act on emerging concerns. 

The sector relies on international student income, and recent sharp declines have led to substantial cost-cutting and job losses. It is essential that we build a fair, stable, and transparent system that works in the national interest.”

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85 Nigerians Secure UK Chevening and Commonwealth Scholarships https://techeconomy.ng/85-nigerians-secure-uk-chevening-and-commonwealth-scholarships/ https://techeconomy.ng/85-nigerians-secure-uk-chevening-and-commonwealth-scholarships/#respond Thu, 28 Aug 2025 10:12:21 +0000 https://techeconomy.ng/?p=166035 The United Kingdom has awarded 85 Nigerians, the prestigious Chevening and Commonwealth scholarships to study a wide range of master’s degrees and PhD programmes in the UK in 2025. 

This year, 39 scholars and 1 fellow received the Chevening scholarships, while 45 scholars have been awarded the Commonwealth scholarship so far.

A pre-departure ceremony was held in Abuja yesterday for scholars based in Abuja and environs, while a similar ceremony will hold in Lagos in September, for scholars in Lagos and nearby cities.

At the Abuja pre-departure reception, Mrs. Gill Lever, the British Deputy High Commissioner, congratulated beneficiaries who succeeded in securing a scholarship through the highly competitive application and interview process.

Speaking at the ceremony, Mrs Gill Lever, the British Deputy High Commissioner, said:

“We are proud to see another batch of scholars depart over the next few weeks for the UK knowing that they will come back and add to a very strong Chevening network in Nigeria.

They will return with a lasting positive disposition towards the UK, acting as ambassadors by sharing their understanding of systems, policies, and life in the UK– and then bringing those experiences back to Nigeria and doing great things while creating a positive change in this country and the world.”

Speaking at the Reception, Chikodi Onyemerela, director Programmes, British Council Nigeria, said:

“As you leave for the United Kingdom for further studies, you carry with you not only your personal aspirations but also the hopes of your communities and the promise of contributing to Nigeria’s future. We are confident that the knowledge, skills, and networks you will acquire in the UK will return as seeds of innovation, leadership, and progress for our nation, particularly, at this phase of its development.”

Chevening fellow, Tijjanni Mukaddas, who will study at the Oxford Centre of Islamic Studies, said:

“I feel truly humbled and grateful that with over 18 million Nigerian children denied education, the Chevening Fellowship enables me to craft impactful policies that will integrate them into education. It’s a dream come true; I’m honoured to embark on this journey at Oxford University.”

Commonwealth scholar, Cynthia Okoli, who will study at the Royal Veterinary College (RVC) and London School of Hygiene and Tropical Medicine (LSHTM), said:

“I look forward to developing my interpersonal and professional skills, as well as building lasting friendships and networks that cut across disciplines and cultures through the Commonwealth Scholarship Commission (CSC) events and interactions with classmates and faculties from both schools. These experiences will broaden my perspective and strengthen my ability to work effectively in multidisciplinary settings.”

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X Suffers Outage, Thousands Affected in the U.S., U.K., and Beyond https://techeconomy.ng/x-suffers-outage-thousands-affected-in-the-u-s-u-k-and-beyond/ https://techeconomy.ng/x-suffers-outage-thousands-affected-in-the-u-s-u-k-and-beyond/#respond Mon, 10 Mar 2025 10:51:29 +0000 https://techeconomy.ng/?p=154567 Social media platform X had a major outage today, leaving thousands of users unable to access their feeds, post updates, or interact with content. 

Reports of the disruption flooded in from across the United States, the United Kingdom, and other parts of the world, making it one of the highest service failures the platform has faced in recent times.

According to data from Downdetector, an outage-monitoring service that aggregates reports from multiple sources, over 21,000 users in the U.S. and more than 10,800 in the U.K. reported issues with X. 

The disruption, which reportedly began around 9:30 WAT (8:30 AM CET), caused users to encounter error messages such as “Something went wrong, try reloading.”

While some users experienced a complete inability to access the platform, others reported that the site was slow, with posts failing to load or refresh. The outage lasted approximately 45 minutes in some regions before gradual restoration, though intermittent issues continued for others.

With no immediate response from X, users turned to alternative social media platforms such as Facebook and Reddit to confirm the outage and discuss its impact. Many were upset, with memes and complaints quickly spreading across digital spaces.

One user wrote, “Can’t believe I had to come to Facebook just to check if X is down. What is happening?” Another joked, “Elon must be rebooting the servers manually.”

The reaction showed X’s role as a primary source of real-time conversations, with many users relying on it for news updates, business engagements, and entertainment.

As of the time of this report, X has not issued an official statement explaining the cause of the outage or providing a timeline for full restoration. The company also did not respond to media inquiries regarding the disruption.

While outages of this scale are uncommon, they can have huge impacts, particularly for businesses and content creators who rely on the platform for engagement. 

X has not experienced a major disruption of this magnitude in recent times and users are advised to monitor official channels for further updates.

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Top 10 Countries Leading in Crypto Technology https://techeconomy.ng/top-10-countries-leading-in-crypto-technology/ https://techeconomy.ng/top-10-countries-leading-in-crypto-technology/#respond Mon, 06 Jan 2025 14:49:19 +0000 https://techeconomy.ng/?p=150641 ApeX Protocol recently revealed a thorough analysis of the countries topping blockchain and cryptocurrency innovation. 

Singapore was the first on the list, with a solid infrastructure and good works focused on the adoption of these technologies.

The study ranked nations using a composite index that incorporated key metrics, including blockchain patents, jobs in blockchain technology, and the number of crypto exchanges. To ensure fair comparisons, the data was adjusted relative to population size.

  1. Singapore

With a composite score of 85.4, Singapore leads the global rankings. Known for its progressive approach to technology, the country has over 2,400 blockchain-related jobs and 81 crypto exchanges. Its extensive patent activity further makes it a hub for innovation and adoption.

  1. Hong Kong

Scoring 82.7, Hong Kong combines financial expertise with blockchain integration. The city hosts 1,100 jobs in blockchain technology and 52 crypto exchanges, showing its huge role in the crypto economy.

  1. Estonia

Even though Estonia is one of the smallest countries on the list, it ranks third with a score of 81.5. Known for its digital-first policies, it has 95 blockchain patents, 52 exchanges, and 149 blockchain-related jobs, ascertaining that size is no barrier to innovation.

  1. Switzerland

A global innovator in decentralised finance, Switzerland scores 80.2. The country supports 440 blockchain jobs and operates 32 crypto exchanges, speaking loads about its status as a blockchain-friendly nation.

  1. United States

With the highest numbers across most metrics, the United States ranks fifth, scoring 79.8. It leads innovation with 32,000 blockchain patents, employs over 17,000 people in blockchain-related roles, and hosts 166 crypto exchanges.

  1. Canada

Canada takes sixth place with a score of 77.3. Its 1,200 blockchain patents and an equal number of jobs in the sector highlight its growing focus on blockchain technology. The country also operates 32 crypto exchanges, offering a stable market for cryptocurrencies.

  1. Australia

Scoring 76.8, Australia shows strong progress with 1,400 blockchain patents and 573 jobs in the field. Its 31 crypto exchanges further emphasise the country’s commitment to expanding its blockchain ecosystem.

  1. South Korea

With a score of 75.4, South Korea stands out for its commendable 18,000 blockchain patents, the second-highest on the list. However, its smaller workforce of 121 blockchain jobs and 29 crypto exchanges places it in the eighth position.

  1. United Kingdom

The UK secures the ninth spot with a score of 74.9. It has a strong presence in the crypto market, operating 95 exchanges and offering 2,673 blockchain-related jobs. The country’s 2,800 blockchain patents also reiterates its focus on innovation.

  1. United Arab Emirates (UAE)

The UAE rounds off the list with a score of 73.2. It has steadily grown its blockchain ecosystem, having 340 patents, 414 blockchain jobs, and nine crypto exchanges, focusing on strategic adoption rather than scale.

A spokesperson from ApeX shared their perspective on the findings: “Blockchain technology is no longer just a niche innovation; it has become a cornerstone for digital transformation across industries. The countries leading in this space are not just embracing the technology but are actively shaping its future. What stands out is how diverse approaches—whether through regulatory clarity, investment in talent, or fostering innovation—are paving the way for global adoption. This reflects a broader shift toward decentralization and transparency, which are becoming essential in today’s interconnected economy.”

To access the full research, please follow this link.

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What to Expect at West Africa Deal Summit 2024 https://techeconomy.ng/what-to-expect-at-west-africa-deal-summit-2024/ https://techeconomy.ng/what-to-expect-at-west-africa-deal-summit-2024/#respond Fri, 02 Aug 2024 13:39:41 +0000 https://techeconomy.ng/?p=138836 The Impact Investors Foundation, Nigeria (IIF) and Impact Investing Ghana (IIGh) announce the return of the second edition of the West Africa Deal Summit 2024 scheduled for the 12th and 13th November 2024, at the Civic Centre, Lagos, Nigeria.

The two-day summit is hosted alongside Impact Investing Taskforces in Senegal, Burkina Faso and Cote d’Ivoire, under the theme “Actions to Deepen Catalytic Capital in West Africa,” focusing on reviewing progress and commitments made towards deploying catalytic capital to grow SMEs across Africa.

This follows the launch of the Catalytic Capital Africa (2CAfrica) campaign at last year’s inaugural summit.

The West Africa Deal Summit, organised in partnership with LEAP Africa, SIPA, Ford Foundation, The RISA Fund of the United Kingdom International Development, British International Investment, Sterling One Foundation, alongside other key partners, will bring together a diverse audience to develop action-oriented strategies aimed at accelerating the deployment of catalytic capital.

This esteemed assembly includes leaders, impact investors, fund managers, development finance institutions, philanthropic organisations, government representatives, local and international NGOs, and social enterprises.

The inaugural summit welcomed over 300 delegates and received commitments from catalytic capital providers to bridge the $331 billion SME financing gap.

These efforts are crucial for building local financing ecosystems and increasing financing for SMEs in the sub-region.

Etemore Glover, the CEO of Impact Investors Foundation, Nigeria, said,

“Hosting the second edition of the West Africa Deal Summit underscores our strategic role in catalysing cross sub-regional investments. Our commitment to supporting the fundraising needs of innovative enterprises in West Africa aligns seamlessly with the summit’s focus on driving actions for mobilising catalytic capital. The dedication of Nigeria to economic diversification, thriving business environment, trade and investment makes it the perfect destination for inspiring discussion and connections that will lead to meaningful partnerships.”

Amma Lartey, CEO, Impact Investing Ghana, added,

“We are not only addressing the financing needs of SMEs but also laying the groundwork for a resilient and inclusive economic future at this year’s summit. Together with our partners, we are poised to create actionable strategies that will transform the landscape of impact investing in West Africa.”

Yacouba Ouedraogo, member of Impact Investing Taskforce in Burkina Faso, said,

“Building on the success of our inaugural summit, WADS 2024 takes on an expanded agenda, uniting West Africa’s leading impact investors, regulators and industry stakeholders to improve our capacity to unlock more catalytic capital investment for long-term sustainable and inclusive growth.”

Bowel Diop, Member of Impact Investing Taskforce in Senegal, said,

“We need to go beyond conversations to address the barriers that limit the flow of catalytic capital to West Africa. We need more connections, networking, collaboration and collective action to address the challenges we face in mobilising finance.”                                                           

Expanding upon the accomplishments of last year’s gathering, the two-day hybrid summit will feature panel sessions and expert presentations on key themes such as Financing Africa’s Future, Impact Measurement and Management, Mainstreaming Impact Investing Policies, Green financing, ESG and Impact Investing integrations.

There will also be an opportunity for direct engagement with investors and enterprises at the deal rooms, Impact Fund showcase; celebrate impact heroes at the 6th Annual Award for Impact Investing and an opportunity to undertake a Study Tour to Ghana to understand Ghanaian investment landscape.

How to join

Register here.

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