Why did the British sell Nigeria to the Niger Company?
Why did the British sell Nigeria to the Niger Company?
To local chiefs, the Royal Niger Company negotiators had pledged free trade in the region. Behind the scenes, they entered private contracts on their terms. Because the (deceitful) private contracts were often written in English and signed by the local chiefs, the British government enforced them.
How did the Royal Niger Company get its name?
The charter authorized the company to administer the Niger Delta and all lands around the banks of the Benue and Niger Rivers. Soon after, the company was again renamed. The new name was “Royal Niger Company,” which survives, as Unilever, till this day. To local chiefs, the Royal Niger Company negotiators had pledged free trade in the region.
How did the brass oil war affect Nigeria?
The immediate effect of the Brass Oil War was that public opinion in Britain turned against the the Royal Nigeria Company, so its charter was revoked in 1899. Following the revoking of its charter, the the Royal Niger Company sold its holdings to the British government for £865,000 (£46,407,250 today).
Where did palm oil come from in the Niger Delta?
Palm oil, of course, is a tropical plant native to the Niger Delta. Malaysia’s dominance came a century later. By 1870, palm oil had replaced slaves as the main export of the Niger Delta, the area which was once known as the Slave Coast.
To local chiefs, the Royal Niger Company negotiators had pledged free trade in the region. Behind the scenes, they entered private contracts on their terms. Because the (deceitful) private contracts were often written in English and signed by the local chiefs, the British government enforced them.
The immediate effect of the Brass Oil War was that public opinion in Britain turned against the the Royal Nigeria Company, so its charter was revoked in 1899. Following the revoking of its charter, the the Royal Niger Company sold its holdings to the British government for £865,000 (£46,407,250 today).
The charter authorized the company to administer the Niger Delta and all lands around the banks of the Benue and Niger Rivers. Soon after, the company was again renamed. The new name was “Royal Niger Company,” which survives, as Unilever, till this day. To local chiefs, the Royal Niger Company negotiators had pledged free trade in the region.
Palm oil, of course, is a tropical plant native to the Niger Delta. Malaysia’s dominance came a century later. By 1870, palm oil had replaced slaves as the main export of the Niger Delta, the area which was once known as the Slave Coast.
