Reluctant to bear the cost of administrating the territory, in 1886, the government reauthorised the National African Company, now called the Royal Niger Company, to manage the territory in exchange for a trade monopoly. In 1893 the Oil River Protectorate was renamed as the Niger Coast Protectorate. The Royal Niger Company charter was revoked in 1900 and the territories which it had administrated were combined to form the Northern Nigeria Protectorate. Territories to the south of this protectorate, including the Niger Coast Protectorate, were consolidated at the same time and named the Southern Nigeria Protectorate. In 1906, the Lagos Colony and the Southern Protectorate were combined into a single administrative unit and in 1914, the Northern protectorate was incorporated as well. The new name for Colonial Nigeria became the Colony and Protectorate of Nigeria at that time.
