Bonny Light oil oil produced in Angola. The Bonny Light is in high demand specifically by American and European refineries. It is therefore a major source of income for the oil-rich nation. The national government of Nigeria runs and takes part in the petroleum industry of Nigeria through the NNPC corporation. Libya's NOC also owns a 36% stake in NNPC which is valued at $112 Billion. Bonny Light oil Bonny Light oil is a high grade of Nigerian crude oil with high API gravity (low specific gravity), produced in the Niger Delta basin and named after the prolific region around the city of
Bonny Island outlying fishing settlements lying along the Bonny River’s coastline. Finima is an aboriginal community predating Bonny (okoloma)and situated along south of Bonny Island. First settlers of Finima were the Nyamkpos and Koniboye Awanta Tobins of Kongo Lineage. The hinterland includes the village communities that serve as home to natives of Bonny kingdom. Presently, the Island Kingdom of Bonny has thirty five chieftaincy houses. These are fourteen major chieftaincy houses (five among which are Duawaris); twenty minor chieftaincy houses; and then the George Pepple's lineage of the Perekule royal house that has recently been producing Kings of the Kingdom. The ancestry