Bonny, Rivers to end the slave trade. It collapsed in the civil war of 1869, though a remnant of it continues to exist as a part of the aristocratic structure of Nigeria. Bonny, Rivers Bonny (or Ubani) is an island town and a Local Government Area in Rivers State in southern Nigeria, on the Bight of Bonny. It was also the capital of the Kingdom of Bonny. Traditionally (especially between the 15th and 19th centuries) it was a major trading post of the eastern delta. Bonny Island, is a major export point for oil. The region produces a type of crude oil
Commodity market Commodity market A commodity market is a market that trades in primary economic sector rather than manufactured products. Soft commodities are agricultural products such as wheat, coffee, cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Investors access about 50 major commodity markets worldwide with purely financial transactions increasingly outnumbering physical trades in which goods are delivered. Futures contracts are the oldest way of investing in commodities. Futures are secured by physical assets. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple