Oil prices are on the rise for a bevy of reasons - soaring demand in emerging markets, the weak dollar, and a strengthening U.S. recovery, to name a few.

However, supply disruptions and civil unrest in the Middle East-North Africa (MENA) region in recent months have had the biggest impact on oil prices. Egypt, Libya and Yemen have all played a part in driving up oil prices, and now they're about to be joined by another volatile oil producer.

I'm talking about Nigeria.