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
Enclaves of Forcados and Badjibo Enclaves of Forcados and Badjibo The enclaves of Forcados and Badjibo were two territories close to the river Niger, in modern Nigeria, leased to France by the United Kingdom under the Anglo-French Convention of 1898. They were obtained by France after several expeditions along the Niger, by Hourst (1894), Granderye (1898-99), Toutée (1895 and 1899-1900), and Lenfant (1901-02, etc.). France wanted to determine whether its colonies in French Sudan could more easily be supplied upstream along the Niger rather than via the traditional Dakar route. Lease terms were determined by agreements signed on 20 May 1903 giving effect to article