OPEC was established in Baghdad, Iraq in September 1960. Like many other international organizations, OPEC was formed by a few founding members, namely, Iran, Iraq, Kuwait, Saudi Arabia and Venezeula. In the 1960s, five more countries became members: Qatar (1961), Indonesia (1962), Libya (1962), Abu Dhabi (1967) and Algeria (1969). In 1974, the United Arab Emirates of which Abu Dhabi was the dominant member took Abu Dhabi’s place.

Nigeria Banking History All started in the nineteenth century when Elder Dempster Company bought in a foreign owned bank into Lagos. Standard Bank Nigeria Limited (Now First Bank PIC) In 1894, a British-owned bank opened its office in Nigeria and operated under the name of Bank of British West Africa. This...