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Iberia is composed of Tarraconensis and Lusitania. It has always been a slightly dangerous region. It gained its Commonwealth status in 1340 AUC. The Iberians are seafaring people, like Italians, Graecians, and Aegyptians. They were first to set up colonies in Nigeria (other than Africa, Aegyptus, etc.). The founding of gold in west Nigeria made many Iberians rich. The Iberians also profited from enslavement of the native Nigerians.