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India is Nigeria's leading investor, with a investment base of about $20 billion. [11] India is the fifth largest investor in Africa with cumulative investment of USD 70.7 billion. [12] India is also the third largest trading partner of Africa after China and USA. India accounts for 6.4% of total African trade. [13]
The foundation of relations between India and Nepal was laid with the Indo-Nepalese friendship Treaty in 1950. In the 1950s, the Rana rulers of the Kingdom of Nepal welcomed close relations with the newly independent India, fearing a China-backed communist overthrow of their autocratic regime after the success of Communist revolution in China and establishment of CCP government on October 1, 1949.
India: See India–Nigeria relations. The bilateral relations between the Republic of India and the Federal Republic of Nigeria have considerably expanded in recent years with both nations building strategic and commercial ties. Nigeria supplies 20% of India's crude oil needs and is India's largest trading partner in Africa.
The rivalry between Nepal and the British East India Company over the princely states bordering Nepal and British-India eventually led to the Anglo-Nepalese War (1814–16), in which Nepal suffered substantial losses due to lack of guns and ammunitions against the British-Indian forces with advanced weapons.
The 1950 India-Nepal Treaty of Peace and Friendship (official name: Treaty of Peace and Friendship Between the Government of India and Government of Nepal) is a bilateral treaty signed by the Kingdom of Nepal and the Republic of India to establish a close strategic relationship between the two South Asian neighbours.
Nepal: 16-18 June 1951 [4] United Kingdom: London: May 1953 Coronation of Elizabeth II [4] Egypt: 23–25 June 1953 Pakistan: Karachi: 25–27 July 1953 [5] Italy: 1953 Switzerland: Bürgenstock: 1953 Ceylon: Colombo: 28 April 1954 Colombo Conference Indonesia: Bogor: 29 December 1954 Colombo Powers Conference [6] China: Beijing Shanghai ...
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Constituent Assembly abolishes monarchy in Nepal, and declares Nepal a federal republic. [40] Jun: Maoist ministers resign from the cabinet in a row over who should be the next head of state. 23 July: Dr. Ram Baran Yadav becomes the first president of Nepal. [41] 15 Aug: Prachanda is elected as the prime minister by the constituent assembly ...