History of West Africa more states. Early human settlers arrived in West Africa around 12,000 BCE. In the fifth millennium, as the ancestors of modern West Africans began entering the area, the development of sedentary farming began to take place in West Africa. The Iron industry, in both smelting and forging for tools and weapons, appeared in Sub-Saharan Africa by 1200 BCE, and by 400 BCE, contact had been made with the Mediterranean civilizations, and a regular trade included exporting gold, cotton, metal, and leather in exchange for copper, horses, salt, textiles, and beads. Culture developed further with the Nok culture (1000 BCE to
First Bank of Nigeria who had little to offer as collateral for loans. After Nigeria's independence in 1960, the Bank began to extend more credit to indigenous Nigerians. At the same time, citizens began to trust British banks since there was an 'independent' financial control mechanism and more citizens began to patronise the new Bank of West Africa. In 1965, Standard Bank acquired the Bank of West Africa and changed its acquisition's name to Standard Bank of West Africa. In 1969, Standard Bank of West Africa incorporated its Nigerian operations under the name Standard Bank of Nigeria. In 1971, Standard Bank of Nigeria listed