The continuation of the company’s commercial and territorial disputes with France, together with continuing complaints from the people of Brass, led to the transference of the company’s charter to the imperial British government on Dec. 31, 1899.
When and how did the area of the Niger River become British territory?
The Niger Coast Protectorate was a British protectorate in the Oil Rivers area of present-day Nigeria, originally established as the Oil Rivers Protectorate in 1884 and confirmed at the Berlin Conference the following year.
Which company ruled Nigeria territory between 1886 1900?
The Royal Niger Company was a British chartered company, active from 1886 through 1899 in the territory bordering the Niger and Benue Rivers in contemporary Nigeria, that parlayed its administrative powers into a successful commercial monopoly.
When was Nigeria sold to the British?
Great Britain revoked its charter in 1899. The Royal Niger Company sold its territory (Nigeria) to the British government for £865,000. In 1914, the Southern protectorate and Northern protectorate were amalgamated by Lord Lugard.
Which company sold Nigeria to the British?
Following the revoking of its charter, the Royal Niger Company sold its holdings to the British government for £865,000 (£108 million today). That amount, £46,407,250 (NGN 50,386,455,032,400, at today’s exchange rate) was effectively the price Britain paid, to buy the territory which was to become known as Nigeria.
When was the Royal Niger Company established?
In 1886 the company received a charter of incorporation as the Royal Niger Company and was authorized to administer the Niger delta and the country on the banks of the Niger and Benue rivers.
In what year was the Niger Coast Protectorate established?
Oil Rivers, area comprising the delta of the Niger River in modern Nigeria, West Africa. The Oil Rivers Protectorate was established by the British in 1885. It was renamed the Niger Coast Protectorate in 1893 and in 1900 was joined to the Nigerian territories administered by the British government.
Who founded Niger?
The first European explorers to the land were British explorer Mungo Park and German explorer Heinrich Barth in the 1800s. The French showed up later and began to colonize the area. In 1922 Niger became a French colony.
Who merged all British companies in 1879?
In 1879, four British companies were merged to form the United African Company by
- JAMB 1998. In 1879, four British companies were merged to form the United African Company by.
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Who owned the Niger company?
In 1929 the company became part of the United Africa Company, which came under the control of Unilever in the 1930s and continued to exist as a subsidiary of Unilever until 1987, when it was absorbed into the parent company.
Who sold Nigeria in 1900?
The country was bought and sold like a commodity by the British at the turn of the 20th century. Before you wonder and ponder on how a vast country like Nigeria could be bought and sold, let’s go back to history.
How many years did the British rule Nigeria?
Nigeria became a British protectorate in 1901. The period of British rule lasted until 1960, when an independence movement led to the country being granted independence. Nigeria first became a republic in 1963, but succumbed to military rule three years later, after a bloody coup d’état.
When was Nigeria named Nigeria?
The name Nigeria was taken from the Niger River running through the country. This name was coined on January 8, 1897, by British journalist Flora Shaw, who later married Lord Lugard, a British colonial administrator.
Why did the British Amalgamated Nigeria in 1914?
The unification was done for economic reasons rather than political—Northern Nigeria Protectorate had a budget deficit; and the colonial administration sought to use the budget surpluses in Southern Nigeria to offset this deficit.
What was Nigeria called before the name Nigeria?
What was its name before Nigeria? The former name for Nigeria was the Royal Niger Company Territories. It does not sound like a country name at all! The name Nigeria was replaced and preserved up until today.
When did Nigeria became a colony of Britain?
|Colony and Protectorate of Nigeria (1914–1954) Federation of Nigeria (1954–1960)|
|Historical era||WWI / Cold War|
|• Established||1 January 1914|
|• Autonomous federation||1 October 1954|
|• Independence||1 October 1960|