Nigerian Ports Authority Jetty. Management of port operations at Port Harcourt itself has been commissioned out to two port operators, Ports and Terminal Operators and BUA Ports and Terminal, it is not operated by the NPA. Like Delta State, Rivers State is a principal petroleum-producing region of Nigeria. Onne is located in Rivers State on Ogu Creek near the Bonny River, 19 km from Port Harcourt; the port area is located in three Local Government Areas of Rivers State, Eleme LGA, Ogu-Bolo LGA and Bonny LGA. The port consists of two major facilities, the Federal Ocean Terminal and the Federal Lighter Terminal. Onne
Commodity currency Commodity currency A commodity currency is a name given to some currencies that co-move with the world prices of primary commodity products, due to these countries' heavy dependency on the export of certain raw materials for income. Commodity currencies are most popular in developing countries (eg. Burundi, Tanzania, Papua New Guinea). However developed countries like Canada and Australia can also have this type of currency. For example, the Canadian Dollar grows stronger, the higher the price of soybeans and oil because these are Canada's two major commodities. In the foreign exchange market, commodity currencies generally refer to the Australian dollar,