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Nigeria became independent on 1st October 1960, as autonomous and federated regions of Northern, Western and Eastern Nigeria, 46 years after the amalgamation of British Protectorates of Northern and Southern Nigeria by Lord Frederick Lugard in 1914.
The creation of a new common currency will be one of the main questions on the agenda at the BRICS summit in South Africa in August. But there are still many obstacles to overcome before breaking free from the almighty dollar.
Brazilian President Luiz Inacio Lula da Silva calls for instituting a regional trade currency during a meeting with South American heads of state.
The BRICS bloc is set to discuss common currency during its next summit meeting. Voice of America (VOA) reported that the group – which consists of Brazil, Russia, India, China and South Africa – [...]