Explanation

The nationalization of the British Petroleum company meant the loss of considerable revenue to Britain. In addition, the nationalization in 1978 of the British owned Barclays Bank for operating in South- Africa meant that the Barclay Bank no longer profited from handling the transactions of all the public agencies and corporations in Nigeria.

The nationalization of the British Petroleum company meant the loss of considerable revenue to Britain. In addition, the nationalization in 1978 of the British owned Barclays Bank for operating in South- Africa meant that the Barclay Bank no longer profited from handling the transactions of all the public agencies and corporations in Nigeria.