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
Nigerian Export Promotion Council Export Promotion Council Amendment Decree No. 64 of 1992. The last was authored to enhance the performance of the council by minimizing bureaucratic bottlenecks and increasing autonomy in dealing with members of the organised private sector. The Council has a governing board drawn from both the public and private sectors. To promote non-oil exports as the key driver of the Nigerian economy. Position the export market as the growth opportunity of choice for private sector earnings and sustainable economic development. Functions of the Council: The administration of the Council was structured in the following regard: The Board- Consist of the