The International Workplace Group (IWG) plans to double its operations in Nigeria by opening 10 new state-of-the-art centres by December 2025, increasing its national network to 20 locations across Lagos, Abuja, Owerri, and Kano.
IWG’s founder and CEO, Mark Dixon, said the expansion reflects rising business confidence in Nigeria’s economy and growing demand for flexible and hybrid workspaces. The move includes IWG Nigeria’s first portfolio deal with Alternative Bank, a subsidiary of Sterling Bank, to open four HQ-branded centres under a multi-site agreement.
“Our expansion in Nigeria comes at a time when more companies are discovering that flexible working is incredibly popular with employees, improving their work-life balance and satisfaction,” Dixon said. “Nigeria is a fantastic place for us to boost our growth plans.”
The new centres, set to open between July and December 2025, will add 4,780 square metres of rentable space, catering to entrepreneurs, start-ups, and multinational companies in sectors ranging from finance and technology to oil and gas, agriculture, and the creative industries.
Dixon noted that the expansion follows IWG’s record-breaking 2024, when the company added 899 new global locations and achieved its highest-ever revenue, EBITDA, and cash generation. Industry research backs the strategy: an IWG and Arup study found that hybrid working can boost productivity by up to 11 per cent, with flexible workspaces projected to make up 30 per cent of global commercial real estate by 2030.
Alternative Bank’s Director of Digital Products and Innovation, Mohammed Yinusa, said the partnership aligns with the growing demand for premium coworking spaces in Nigeria, as more businesses establish operations in the country.
IWG operates thousands of locations worldwide through brands like Regus, Spaces, and HQ, serving more than 83 per cent of Fortune 500 companies via its digital platform, the IWG app.
