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
Nun River Nun River The Nun River is a river in Rivers State, Nigeria. The Nun is formed when the Niger River splits in two, forming the Nun and Forcados rivers. Upon emerging from its parent river, Niger, the Nun River flows for almost south to the Gulf of Guinea at Akassa. Its course runs mainly through thinly settled areas and swamps. In the 19th century, the Nun was a hub for trade between the Igbo Kingdom, which was based at Aboh, and Europe. The river's trading history began with the trade of slaves but was later replaced by palm oil export.