The territorial possessions of the Royal Niger Company are purchased by the British government, since in the European race to control Africa, a private company cannot effectively hold its own against the might of the states of France and Germany. The two protectorates of northern and southern Nigeria are proclaimed on 1st January 1900.
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Citation: Editors, Litencyc. "Britain buys the possessions of the Niger Company". The Literary Encyclopedia. First published 30 December 2011 [https://www.litencyc.com/php/stopics.php?rec=true&UID=19290, accessed 06 May 2024.]
