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As of 2015, Nigeria is the world's 20th largest economy, worth more than 0 billion and
As of 2015, Nigeria is the world's 20th largest economy, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively.It overtook South Africa to become Africa's largest economy in 2014.The British set up administrative and legal structures whilst practising indirect rule through traditional chiefdoms.Nigeria became a formally independent federation in 1960. It thereafter alternated between democratically elected civilian governments and military dictatorships until it achieved a stable democracy in 1999, with the 2011 presidential election considered the first to be reasonably free and fair.Other major slaving ports in Nigeria were located in Badagry, Lagos on the Bight of Benin and on Bonny Island on the Bight of Biafra.Usually the captives were taken back to the conquerors' territory as forced labour; after time, they were sometimes acculturated and absorbed into the conquerors' society.||
As of 2015, Nigeria is the world's 20th largest economy, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively.trillion in terms of nominal GDP and purchasing power parity respectively.
A minority of the population practise religions indigenous to Nigeria, such as those native to the Igbo and Yoruba ethnicities.
Europeans traded goods with peoples at the coast; coastal trade with Europeans also marked the beginnings of the Atlantic slave trade.
The port of Calabar on the historical Bight of Biafra (now commonly referred to as the Bight of Bonny) become one of the largest slave trading posts in West Africa in the era of the transatlantic slave trade.
The origin of the name Niger, which originally applied only to the middle reaches of the Niger River, is uncertain.
The word is likely an alteration of the Tuareg name egerew Further north, the cities Kano and Katsina have a recorded history dating to around 999 AD.