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July 1960 - Adesoji Aderemi became 1st African to be appointed governor in the Commonwealth; October 1, 1960 - Nigerian Independence Day; October 1, 1960 - Tafawa Balewa became prime minister; October 1, 1960 - Sir James Robertson (1899 - 1983) became governor-general. November 16, 1960 - Nnamdi Azikiwe (1904–1996) became governor general
The economic history of Nigeria falls into three periods. They are the: pre-colonial, the colonial and the post-colonial or independence periods. [1] The pre-colonial period covers the longest the part of Nigerian history. The colonial period covers a period of 60 years, 1900-1960 while the independence period dates from October 1, 1960.
The Federation of Nigeria was a predecessor to modern-day Nigeria from 1954 to 1963. It was a British protectorate until its independence on 1 October 1960. British rule of Colonial Nigeria ended in 1960, when the Nigeria Independence Act 1960 [2] made the federation an independent sovereign state.
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During the mid and late 1980's, Nigeria experienced a prolonged and severe economic downturn. Nigeria suffered a rapid plummet of its foreign reserves from $10 billion in early 1980s to approximately $1 billion in the mid 1980s due to overvalued currency, inflated imports, and international decline of oil prices. [4]
Juan Soto contract details, by the numbers. Number of years: 15 Signing bonus: $75 million Total value of contract: $765 million. That's $65 million more than the 10-year, $700 million contract ...
Nevertheless, the additional profit of US$12 billion calculated by Forbes could only have been realised if Nigeria had sold the entire annual production volume of 630 million barrels on the world market exactly on 27 September 1990 at the annual high price of US$41/barrel - 19 more than the officially stated annual average of US$22/barrel (630 ...
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