Abstract
This study of the performance of the Niger Company, from surrender of the charter until its acquisition by Lever Brothers Limited, explores the ways in which the corporation organized both for stability and for change. Pooling agreements, contracts, negotiations with colonial governments and shippers aimed at defending the company's monopoly over river communications won before 1900. At the same time, company agents expanded the geographical area and the range of commercial operations into a wide variety of enterprises. Of these, the development of mining on the Bauchi Plateau and participation in the exploitation of northern Nigerian groundnuts were the most important and placed severe strains on the capacity of the firm's personnel, as well as on its working capital. The outbreak of war precipitated a crisis in the export of produce which was temporarily deferred by the exceptional profitability of raw commodities and tin concentrates. By 1919, the need for skilled personnel and greater amounts of capital compounded the difficulties arising from too great a reliance on river transport. The company assisted with railway construction and used the new system to meet commitments in its relationship with the mining companies; but it did not decide to restructure its operations in Nigeria to keep pace with changes brought about by railway communications, particularly at Lagos and Port Harcourt. The study, therefore, draws attention to the importance of technological adaptation in business performance, particularly in the case of an enterprise with a number of generalized functions in a rapidly changing tropical market.

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