Economic Africa

Nigeria, a country located in West Africa, is known for its vast natural resources. In the pre-independence era, there were several wealthy businessmen who made a huge impact on the country's economy. These men were able to accumulate vast fortunes through their businesses, and their influence was felt across various sectors of the economy. Here are seven of the richest men in Nigeria before independence.  1. Sir Louis Odumegwu Ojukwu:  Born in 1909 in Umudim, Nnewi, Anambra State, Sir Louis Odumegwu Ojukwu was a business magnate and father to the late Biafran leader, Chukwuemeka Odumegwu Ojukwu. He was the first Nigerian millionaire, and his wealth was derived from his interests in real estate, transport, and trading. He was also the founder of the Nigerian Stock Exchange. 2. Alhassan Dantata:  Alhassan Dantata was born in 1877 in Kano State, and he was a prominent entrepreneur and philanthropist. He was involved in several businesses, including trading in ko...

Nigeria is one of the most populous countries in Africa, with a rich and diverse cultural heritage. But, the country's history is deeply rooted in colonization. The colonization of Nigeria began in the 19th century, with the arrival of the British explorers. The British interest in Nigeria started in the 1800s when they established the Royal Niger Company to explore the trade possibilities in the region. The company aimed to control the commerce in the area of River Niger, which was the main source of trade in West Africa. In 1861, the British acquired a colony at Lagos, the principal port of Nigeria's west coast. In doing so, they took their first step towards establishing a presence across Nigeria. In 1884, the European powers met for the Berlin Conference, where they agreed to the regulation of European colonization and trade in Africa. By 1885, the British had signed treaties with several local rulers, giving them control of their territories, and by 1901, Niger...