LIST OF REASONS

The development of the transatlantic slave trade is a complex story of economic ambition, geopolitical maneuvering, and deeply entrenched cultural and legal ideologies that collectively reshaped entire continents and generations. The records show that a multitude of causes of this vast and brutal enterprise of transatlantic slave trade, which emerged in the wake of European expansion into the New World and evolved into one of the most devastating systems of human exploitation in history. Central to this transformation was the recognition by European colonial powers that the use of enslaved African labor could provide an abundant and profitable source of manpower for their rapidly growing plantation economies in the Americas. The historical accounts reveal that the Atlantic slave trade was not simply the result of a single cause, but rather the culmination of several converging circumstances that made the exploitation of African peoples both inevitable and, in the eyes of many colonial...

The Central Bank of Nigeria (CBN) was established with a mandate that has evolved significantly since its inception in 1958. Its primary functions , as outlined in the CBN Act of 1958 and its subsequent amendments in 1991, 1993, 1997, 1998, 1999, and 2007, include the issuance of legal tender currency, which comprises both notes and coins, a function that forms the backbone of the nation’s monetary system. The authority to print and distribute currency is fundamental to ensuring that the economy has a reliable and consistent medium of exchange, enabling transactions across all levels of society. Over time, the CBN has maintained a critical role in controlling the money supply, which in turn influences inflation and economic stability. In addition to its role in currency issuance, the CBN is tasked with maintaining Nigeria’s external reserves. This responsibility is crucial for safeguarding the international value of the national currency. By managing the country’s debt and foreign exch...