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 Houses), representing the Founding Generation (i.e., Ancient Landmarks) of the Kingdom. These are namely (i) Bristol-Alagbarigha Royal House (Founder of Grand Bonny [“Okoloamakoromabo”] & Founding House of Grand Bonny Kingdom), (ii) King Halliday-Awusa Royal House (Founding House of Grand Bonny Kingdom), (iii) Dublin Green House (Lala, Ebie, Prince Asimini-Oruakpa Lineage - Founding House of Grand Bonny Kingdom), (iv) Prince Oruasawo Tolofari Royal House (Kumaluya-Ndende Omuigbem Lineage – Founding House of Grand Bonny Kingdom), and (v) Buoye-Omuso (Brown) Major House (Kongo lineage) – Founding House of Grand Bonny Kingdom. The early descendants of the Kongo Lineage established Ikpapkayo (present day Finima)