# Valuechain

> Nigeria's foremost Online Energy News Platform

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## Posts

- [NERC: Nigerians Can Earn Electricity Bill Credits From Excess Solar Power](https://www.thevaluechainng.com/nerc-nigerians-can-earn-electricity-bill-credits-from-excess-solar-power/): The Nigerian Electricity Regulatory Commission (NERC) has urged eligible electricity consumers to take advantage of its Net Billing Regulations 2026, which allow them to export surplus solar power to the electricity grid in exchange for credits on their monthly bills. The commission made the call in a post on its official X account, encouraging households
- [OPEC: Taxes Account For 48% Of Petrol Pump Prices](https://www.thevaluechainng.com/opec-taxes-account-for-48-of-petrol-pump-prices/): Taxes made up 48 per cent of the average final retail price of petroleum products across member countries of the Organisation for Economic Co-operation and Development (OECD) in 2025, the Organisation of the Petroleum Exporting Countries (OPEC) has said. The OPEC Secretariat disclosed this in a graphic posted on its official X account, @OPECSecretariat, on
- [Dangote Refinery makes history as IPO attracts investors from 120 countries, all 54 African nations](https://www.thevaluechainng.com/dangote-refinery-makes-history-as-ipo-attracts-investors-from-120-countries-all-54-african-nations/): Dangote Petroleum Refinery and Petrochemicals has successfully concluded its landmark Initial Public Offering (IPO), attracting investor applications from 120 countries across all six inhabited continents, including every one of Africa’s 54 countries, in an unprecedented demonstration of the continent’s capacity to mobilise capital and broaden ownership of strategic industrial assets The historic offering, widely described
- [Umeh Questions Fresh Federal Borrowing Despite Reported Revenue Gains](https://www.thevaluechainng.com/umeh-questions-fresh-federal-borrowing-despite-reported-revenue-gains/): Senator Victor Umeh has questioned the Federal Government’s plan to secure additional external loans, arguing that authorities should explain how previous borrowings have benefited Nigerians before seeking more funds. According to a report by Vanguard, Umeh, who represents Anambra Central, made the remarks during an appearance on Channels Television while discussing the President’s request for
- [CBN offers N800 billion Treasury Bills Wednesday as banks hold N6 trillion](https://www.thevaluechainng.com/cbn-offers-n800-billion-treasury-bills-wednesday-as-banks-hold-n6-trillion/): ….The auction coincides with N2.81 trillion in expected weekly inflows, led by N2.41 trillion in maturing OMO bills The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will offer N800 billion in Nigerian Treasury Bills (NTBs) on Wednesday, October 28, 2026, as banks’ placements at the CBN’s Standing Deposit Facility
- [HOUSTON’S MESSAGE TO AFRICA: INNOVATION MUST DELIVER MORE BARRELS, LOWER COSTS AND BETTER RETURNS](https://www.thevaluechainng.com/houstons-message-to-africa-innovation-must-deliver-more-barrels-lower-costs-and-better-returns-2/): By Kunle Odusola-Stevenson The future of Africa’s oil and gas industry will not be determined by the resources beneath its soil alone but by how effectively it deploys technology, attracts investment and translates policy into commercial results. This was a central takeaway from the Society of Petroleum Engineers’ (SPE) Annual Technical Conference and Exhibition (ATCE)
- ['Qatar, Saudi Now Poach Our Best Hands' PETAN Raises Alarm As Brain Drain Hits Nigeria’s Oil Sector](https://www.thevaluechainng.com/qatar-saudi-now-poach-our-best-hands-petan-raises-alarm-as-brain-drain-hits-nigerias-oil-sector/): ● Wole Ogunsanya says Nigeria needs aggressive human capacity devt, $6bn in Equipment to handle 3 million barrels output target The Chairman of the Petroleum Technology Association of Nigeria, PETAN, Engineer Wole Ogunsanya, has raised the alarm over an escalating brain drain in the nation’s oil and gas industry, warning that Nigeria’s best experienced professionals
- [Winners Emerge in NCDMB Essay Competition](https://www.thevaluechainng.com/winners-emerge-in-ncdmb-essay-competition/): ...As Board Highlights Importance of Youths, Manufacturing, to Local Content Winners of the 10th Edition of the NCDMB Annual National Undergraduate Essay Competition 2026 were on Thursday unveiled at a colourful ceremony at the NCDMB Conference Centre, Yenagoa, Bayelsa State, with the Management of the Nigerian Content Development and Monitoring Board (NCDMB) underscoring the strategic
- [HOUSTON’S MESSAGE TO AFRICA: INNOVATION MUST DELIVER MORE BARRELS, LOWER COSTS AND BETTER RETURNS](https://www.thevaluechainng.com/houstons-message-to-africa-innovation-must-deliver-more-barrels-lower-costs-and-better-returns/): By Kunle Odusola-Stevenson The future of Africa’s oil and gas industry will not be determined by the resources beneath its soil alone, but by how effectively it deploys technology, attracts investment and translates policy into commercial results. This was a central takeaway from the Society of Petroleum Engineers’ (SPE) Annual Technical Conference and Exhibition (ATCE)
- [States receive 85% of Nigeria’s resources, FG gets only 15% - Finance Minister](https://www.thevaluechainng.com/states-receive-85-of-nigerias-resources-fg-gets-only-15-finance-minister/): Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, says the subnationals received about 85 percent of Nigeria’s resources, leaving the federal government with 15 percent despite its extensive responsibilities. Oyedele spoke on Wednesday at Chatham House in London during a discussion on Nigeria’s economic outlook, progress on reforms and prospects for inclusive
- [AKK Gas Pipeline Hits 95% Completion — FG](https://www.thevaluechainng.com/akk-gas-pipeline-hits-95-completion-fg/): The Federal Government, on Thursday says it posted a milestone towards expanding Nigeria’s gas infrastructure that targets strengthening domestic supply following 95 per cent completion of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline. The disclosure was made by the Decade of Gas Secretariat during a media engagement organised in collaboration with the Presidential Initiative on Compressed Natural
- [CBN sells N2.63 trillion OMO bills, N629 billion above initial offer, as stop rates rise](https://www.thevaluechainng.com/cbn-sells-n2-63-trillion-omo-bills-n629-billion-above-initial-offer-as-stop-rates-rise/): The Central Bank of Nigeria (CBN) sold N2.628 trillion in Open Market Operations (OMO) bills at its October 22, 2026 auction, exceeding its initial N2 trillion offer by N628.52 billion, or 31.43%, as stop rates increased across both tenors, signaling resumption of rates increase. According to the CBN’s auction results, investors submitted bids worth N2.728
- [Domestic refineries received 156.51mboe in nine months](https://www.thevaluechainng.com/domestic-refineries-received-156-51mboe-in-nine-months/): Domestic refineries in the country have received a cumulative supply of 156.52 million barrels of crude oil between January and September 2026. Of this quantity, volume, 125.85 million barrels or 80.4 per cent, were sourced from in-country while 30.66 million barrels or 19.6 per cent, were imported. This was contained in the Nigerian Midstream and
- [Tinubu Govt Under Fire As N1,350 Petrol Discount Remains Unimplemented Two Weeks After Announcement](https://www.thevaluechainng.com/tinubu-govt-under-fire-as-n1350-petrol-discount-remains-unimplemented-two-weeks-after-announcement/): According to a report by Daily Post on October 22, 2026, two weeks after Finance Minister Taiwo Oyedele announced the plan, the Federal Government still hasn't put the ₦1,350 per liter petrol price at Nigerian National Petroleum Company Limited (NNPCL) filling stations into action. On October 8, Oyedele proposed a discounted petrol price to protect
- [Five Years After PIA Enactment, Akpabio Charges Stakeholders on Performance, Accountability](https://www.thevaluechainng.com/five-years-after-pia-enactment-akpabio-charges-stakeholders-on-performance-accountability/): The President of the Senate, Senator Godswill Obot Akpabio, has challenged stakeholders in Nigeria’s petroleum industry to translate the Petroleum Industry Act (PIA) into measurable economic gains, insisting that the success of the landmark legislation must be judged by results rather than promises. Akpabio, who spoke at a stakeholders’ engagement programme on the implementation of
- [One Kg Of Meat Hits N10,000 In Lagos](https://www.thevaluechainng.com/one-kg-of-meat-hits-n10000-in-lagos/): The rising cost of meat in Lagos is putting pressure on butchers, with a kilogramme now selling for between N9,000 and N10,000, up from N7,000 to N7,500 about four months ago. The ​‌‍‌‍‍⁠⁠‍‌​‍‍‌⁠‌‍‌​Lagos State Butchers Association attributed the increase to foreign exchange fluctuations, high transportation costs and losses incurred while moving cattle to markets. Alhaji
- [FG, Govs approve 90-day plan to ease Nigerians’ hardship](https://www.thevaluechainng.com/fg-govs-approve-90-day-plan-to-ease-nigerians-hardship/): The National Economic Council (NEC) has endorsed a 90-day economic action plan aimed at reducing the cost of living, improving food affordability, attracting investment and accelerating projects that directly benefit Nigerians. The NEC is chaired by Vice-President Kashim Shettima, with State Governors, Ministers of FCT, Finance, Busget and National Planning, among others as members. The
- [NMDPRA: Domestic refineries received 156.51mb of crude oil in nine months](https://www.thevaluechainng.com/nmdpra-domestic-refineries-received-156-51mb-of-crude-oil-in-nine-months/): …Domestic refineries supply 65 per cent of national petrol requirement From January to September 2026, the domestic refineries in Nigeria have received 156.52 million barrels of crude oil. Of the volume, 125.85million barrels (80.4 per cent) were sourced from in-country while 30.66 million barrels (19.6 per cent) were imported. This was contained in the Nigerian
- [Iledare Picks Holes In Obasanjo's Appraisal Of Tinubu's Reforms](https://www.thevaluechainng.com/iledare-picks-holes-in-obasanjos-appraisal-of-tinubus-reforms/): By Saidu Abubakar The recent appraisal of President Bola Tinubu's economic reforms by former President Olusegun Obasanjo as reported in the media, has attracted the reaction of Prof. Wumi Iledare, who is a renoun petroleum economist. The Professor Emeritus told Valuechain in his reaction with utmost respect to the former president that, "I consider his
- [PMS importation : Senate rejects NMDPRA’s 2022, 2023 records, summons heads of agencies](https://www.thevaluechainng.com/pms-importation-senate-rejects-nmdpras-2022-2023-records-summons-heads-of-agencies/): The Senate Tuesday through its committee on Public Accounts , rejected records of volume of Petroleum importation presented to it by Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for 2022 and 2023 on account of wide disparities between them and those presented by the Nigerian National Petroleum Company Limited (NNPC). It consequently resolved to
- [Tinubu’s Reforms Have Made Nigeria Poverty Capital Of The World – Obasanjo](https://www.thevaluechainng.com/tinubus-reforms-have-made-nigeria-poverty-capital-of-the-world-obasanjo/): Former President Olusegun Obasanjo has criticised President Bola Tinubu’s economic reforms, arguing that the sharp devaluation of the naira has impoverished Nigerians and contributed to the country’s position as the world’s poverty capital. Obasanjo made the remarks on Wednesday during a keynote interview at the ongoing Financial Times Africa Summit 2026 in London, United Kingdom.
- [Petrol Landing Cost Drops But Nigerians Continue To Pay Up To ₦1,429 Per Litre](https://www.thevaluechainng.com/petrol-landing-cost-drops-but-nigerians-continue-to-pay-up-to-₦1429-per-litre/): According to a report by DAILY POST on Wednesday 21 October 2026, the landing cost of imported petrol in Nigeria has decreased to ₦1,283.81 per litre, even as depot prices and pump prices remain relatively high across the country. According to a bulletin published by the Major Energies Marketers Association of Nigeria (MEMAN), the landing
- [Dangote Buys 25% Of Kenya Oil Pipeline For $327 Million In Big Africa Expansion](https://www.thevaluechainng.com/dangote-buys-25-of-kenya-oil-pipeline-for-327-million-in-big-africa-expansion/): Africa’s richest man, Aliko Dangote, has acquired a 25 per cent stake in Kenya Pipeline Company (KPC) for approximately $327.4 million as he expands his energy investments across the continent. According to reports by Reuters, Bloomberg Markets and Business Daily Africa on Wednesday, October 21, 2026, Dangote disclosed the investment at the Financial Times Africa
- [It’s not missing money — finance ministry addresses Nigeria’s $12bn external accounts gap](https://www.thevaluechainng.com/its-not-missing-money-finance-ministry-addresses-nigerias-12bn-external-accounts-gap/): The federal ministry of finance says Nigeria’s $12.4 billion negative balance of payments residual in the first half of 2026 does not mean money is missing or oil earnings have been withheld. In a statement issued on Tuesday and signed by Maryann Duke, the senior special assistant, communications and press secretary, the ministry said reports
- [Nigeria does not have crude enough to sustain subsidy, says Oyedele](https://www.thevaluechainng.com/nigeria-does-not-have-crude-enough-to-sustain-subsidy-says-oyedele/): Taiwo Oyedele, Nigeria’s Minister of Finance and Coordinating Minister of the Economy has dismissed political promises of returning fuel subsidies. Oyedele disclosed this at the opening ceremony of the 56th Annual Conference of the Institute of Chartered Accountants of Nigeria (ICAN), in Abuja on Tuesday, where he explained that past subsidy regimes were sustained by
- [NUPRC Gives 22 Licence Holders 18 Months To Start Oil Production](https://www.thevaluechainng.com/nuprc-gives-22-licence-holders-18-months-to-start-oil-production/): *Regulator targets 250,000bpd from new awards in five years, threatens to reclaim idle blocks The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has set an 18-month target for the holders of 22 petroleum prospecting licences (PPLs) to achieve first oil. It warned that blocks left idle will be taken back. The commission also expects the new
- [2 years after, FG moves distribution of N700bn meters to 2027](https://www.thevaluechainng.com/2-years-after-fg-moves-distribution-of-n700bn-meters-to-2027/): Two years after the Federal Accounts Allocation Committee (FAAC) disbursed funds for the N700bn Presidential Metering Initiative (PMI), the government has said it would begin distribution in 2027. Daily Trust reports that the PMI was approved in November 2023 to help address Nigeria’s persistent electricity metering challenges and it is aimed at reducing the metering
- [Paying Rent for Sunlight: Solar Subscription Plans Just Another NEPA Bill in Disguise](https://www.thevaluechainng.com/paying-rent-for-sunlight-solar-subscription-plans-just-another-nepa-bill-in-disguise/): If you are in Nigeria, you know what it means and where it pinches to pay house rent yearly. You hustle every month, only to hand over your money to a landlord at the end of the year, and still maintain the property on top of it like it’s yours. However, no matter how long
- [Subsidy: Going Back To "Egypt" Not A Good Idea But... - Iledare](https://www.thevaluechainng.com/subsidy-going-back-to-egypt-not-a-good-idea-but-iledare/): By Saidu Abubakar Although Prof. Emeritus Wumi Iledare (PEWI) remains convinced that the old petroleum subsidy regime presented serious fiscal and governance problems, acknowledging those problems does not oblige anyone to defend every consequence of the policy that replaced it. Commenting on a publication "No Regrets Removing Subsidy" the petroleum economist insisted that if additional
- [FX crisis, costly subsidies forced FG to print over N30trn – Oyedele](https://www.thevaluechainng.com/fx-crisis-costly-subsidies-forced-fg-to-print-over-n30trn-oyedele/): The Federal Government has blamed severe dollar shortages, dwindling crude oil earnings and costly subsidy policies for its decision to print more than N30 trillion three years ago. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the country had been struggling to meet its foreign exchange obligations, leaving businesses, individuals and
- [NCDMB, Stakeholders Chart Path for Domestic Manufacturing of Critical Oil and Gas Equipment](https://www.thevaluechainng.com/ncdmb-stakeholders-chart-path-for-domestic-manufacturing-of-critical-oil-and-gas-equipment/): The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with oil and gas stakeholders, has initiated steps to implement recommendations from an industry-wide study on in-country manufacturing of key components. General Manager, Corporate Communications Division of NCDMB, Obinna Ezeobi, PhD revealed the development in a statement today, a copy of which was made available
- [FEC Did Not Approve $6 Billion Mambilla Project Contract — Imoke](https://www.thevaluechainng.com/fec-did-not-approve-6-billion-mambilla-project-contract-imoke/): The Economic and Financial Crimes Commission (EFCC) says a former Minister of Power and Steel, Liyel Imoke, has told the Federal Capital Territory High Court in Abuja that the Federal Executive Council (FEC) did not approve a memo recommending the award of the $6 billion Mambilla Hydro Power Project contract to Sunrise Power & Transmission
- [No Regrets Removing Petrol Subsidy, I Won’t Reverse Decision – Tinubu](https://www.thevaluechainng.com/no-regrets-removing-petrol-subsidy-i-wont-reverse-decision-tinubu/): President Bola Ahmed Tinubu has defended his administration’s decision to remove petrol subsidy, declaring that Nigeria will not return to the policy despite growing calls from opposition politicians for its restoration. Tinubu said he had no regrets over the decision, insisting that the subsidy regime had become financially unsustainable and was pushing the country towards
- [Oyedele: Fuel taxes will be introduced after reforms, economic recovery](https://www.thevaluechainng.com/oyedele-fuel-taxes-will-be-introduced-after-reforms-economic-recovery/): The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has revealed that the Federal Government will introduce fuel taxes after ongoing economic reforms are completed, the economy stabilises and Nigerians’ incomes improve sufficiently to accommodate the additional costs. Oyedele explained that imposing fuel taxes immediately after the removal of the petrol subsidy
- [Two private CNG refueling, conversion stations inaugurated in Kano](https://www.thevaluechainng.com/two-private-cng-refueling-conversion-stations-inaugurated-in-kano/): The ancient city of Kano on Sunday got additional Compressed Natural Gas (CNG) refuelling and conversion stations with the commissioning of two new facilities by a private company, NU Synergy. The new facilities bring the number of CNG refuelling stations in the state to 12, up from zero about a year ago, reflecting the rapid
- [2027 Election: Ireti Kingibe Raises Alarm Over Nigeria’s 25% Tax Rate](https://www.thevaluechainng.com/2027-election-ireti-kingibe-raises-alarm-over-nigerias-25-tax-rate/): According to Punch Newspapers on Monday, October 19, 2026, Senator Ireti Kingibe has raised concerns over Nigeria’s tax reforms, warning that citizens could face increased financial pressure in 2027 under President Bola Tinubu’s administration. Kingibe, who represents the Federal Capital Territory in the Senate, made the remarks while discussing the country’s tax policies and their
- [NCDMB, Dangote, Push for Sustainable Nigerian Content](https://www.thevaluechainng.com/ncdmb-dangote-push-for-sustainable-nigerian-content/): ... Call Industry to Go Beyond Compliance The Nigerian Content Development and Monitoring Board (NCDMB) and the Dangote Group have urged a decisive transition from mere regulatory compliance to a stronger national commitment anchored on technological innovation and sustainable financing. They emphasized that these pillars are critical to deepening Nigerian content and driving accelerated industrial
- [NNPC Activates Emergency Response To Eleme Pipeline Incident](https://www.thevaluechainng.com/nnpc-activates-emergency-response-to-eleme-pipeline-incident/): The Nigerian National Petroleum Company Limited (NNPC) Limited confirms that an explosion occurred on Thursday, 15 October 2026, on a gas pipeline belonging to its subsidiary, NNPC Gas Infrastructure Company Limited (NGIC), in Aleto community, Eleme Local Government Area of Rivers State. Chief Corporate Communications Officer of NNPC Limited, Andy Odeh said in a statement
- [Takeaway: As AEW2026 Curtains Fall... See you at AEW2027](https://www.thevaluechainng.com/takeaway-as-aew2026-curtains-fall-see-you-at-aew2027/)
- [Petrosen Targets Yakaar-Teranga FID by End-2027 as it Seeks Partners](https://www.thevaluechainng.com/petrosen-targets-yakaar-teranga-fid-by-end-2027-as-it-seeks-partners/): Senegal’s Petrosen is targeting FID on the Yakaar-Teranga gas project by the end of 2027 as it seeks partners to help advance development. The offshore discovery is central to Senegal’s plans to expand domestic gas supply, lower electricity costs and establish a stronger industrial base. Mouhamadou Diop, CEO of Petrosen Trading & Services, outlined the
- [African Energy Leaders Call for Action on South-South Oil & Gas Partnerships](https://www.thevaluechainng.com/african-energy-leaders-call-for-action-on-south-south-oil-gas-partnerships/): African and Caribbean energy leaders called for stronger cross-border investment, technology transfer and enforceable local-content requirements to ensure emerging oil and gas producers capture more value from their resources during the session South-South Energy Partnership: Advancing Africa’s Oil and Gas Future in 2026 at African Energy Week (AEW) 2026 in Cape Town. The aecweek.com reports
- [Valuechain 9th Annual Lecture is 47 Days Away](https://www.thevaluechainng.com/valuechain-9th-annual-lecture-is-47-days-away/): AEW2026: African Energy Leaders Call for Action on South-South Oil & Gas Partnerships African and Caribbean energy leaders called for stronger cross-border investment, technology transfer and enforceable local-content requirements to ensure emerging oil and gas producers capture more value from their resources during the session South-South Energy Partnership: Advancing Africa’s Oil and Gas Future in
- [From AEW2026 Closing Ceremony In Cape Town](https://www.thevaluechainng.com/valuechain-photoshoot-from-aew2026-closing-ceremony-in-cape-town/): For every beginning, there must be an end. AEW 2026 has come to a close. Kudos to NJ Ayuk and his entire team for a superbly organized event. It has been four powerful days of insightful sessions, engaging townhall meetings, landmark deal signings, celebrations of excellence, and above all meaningful networking. The energy industry has
- [Nigeria not among 12 Africa's Fastest Growing Economies - IMF](https://www.thevaluechainng.com/nigeria-not-among-12-fastest-growing-economies-imf/): ...Lists 20 world's fastest growing economies By Saidu Abubakar Nigeria is NOT among the 12 African counties listed by the IMF out of the 20 world's fastest growing economies. This, is, according to IMF, April 2026 projections and AfDB 2026 outlook. Nigeria, South Africa, and Kenya — the continent's supposed 3 biggest economies — are
- [Reforms, Investments, Partnership key to Nigeria’s energy future – Shell](https://www.thevaluechainng.com/reforms-investments-partnership-key-to-nigerias-energy-future-shell/): Nigeria must sustain the momentum of reform, accelerate investment, and deepen partnership to secure a bright energy for her teeming population, Managing Director Shell Nigeria Exploration and Production Company of Nigeria Limited (SNEPCo) Ronald Adams said in Lagos at the weekend. SNEPCo's Communications Manager, Gladys Afam-Anadu revealed the development through a statement. Delivering a keynote
- [Sonangol Targets 10% Production Growth by 2030 as IOC Partnerships Drive Expansion](https://www.thevaluechainng.com/sonangol-targets-10-production-growth-by-2030-as-ioc-partnerships-drive-expansion/): Angola’s national oil company Sonangol is targeting a 10% increase in operated production by 2030, supported by new exploration, accelerated field development and stronger partnerships with international oil companies (IOCs). Speaking during the Invest in the Future with Sonangol @50 forum at African Energy Week (AEW) 2026 in Cape Town, company executives outlined the next
- [OPEC Puts Africa’s Refining Investment Need at $125 Billion Through 2050](https://www.thevaluechainng.com/opec-puts-africas-refining-investment-need-at-125-billion-through-2050/): Africa will need at least $125 billion in refining investment through 2050 across current projects, future projects and maintenance, Abderrezak Benyoucef, Head of the Energy Studies Department at OPEC, said in a fireside chat with Eithne Treanor, Founder and CEO of ETreanor Media, at African Energy Week (AEW) 2026 in Cape Town. OPEC also distributed
- [Forvis Mazars Group Releases Flagship Report On African Energy Sector](https://www.thevaluechainng.com/forvis-mazars-group-releases-flagship-report-on-african-energy-sector/): By Our Special Correspondent Forvis Mazars Group, the international audit, tax and advisory services partnership, has released the latest edition of its flagship report on the African Energy sector: Powering Africa's Future 2026: Infrastructure, energy security and the energy transition in Africa. The study provides policymakers, investors, and industry stakeholders with valuable insights regarding the
- [GECF Forecasts 20% Growth in Global Energy Demand by 2055, Calls for New Gas Investment](https://www.thevaluechainng.com/gecf-forecasts-20-growth-in-global-energy-demand-by-2055-calls-for-new-gas-investment/): Global energy demand is projected to increase by 20% by 2055, rising from 641 exajoules (EJ) in 2024 to 768 EJ, driven by economic and population growth, according to Abubakar Abbas, Senior Energy Forecast Analyst at the Gas Exporting Countries Forum. Speaking during the Energy Finance Forum at African Energy Week 2026 in Cape Town,
- [Senegal Opens 104 Blocks to Investors, Targets New Upstream Contracts](https://www.thevaluechainng.com/senegal-opens-104-blocks-to-investors-targets-new-upstream-contracts/): Senegal has 104 oil and gas blocks available to investors and is seeking new upstream contracts to accelerate exploration and production, El Hadji Abdourahmane Diouf, Minister of Energy and Petroleum, said at African Energy Week 2026 in Cape Town. Of the 113 blocks in Senegal’s reorganized acreage, four are under contract and five have been
- [TotalEnergies Secures Deepwater Rig for Nigerian Exploration Campaign](https://www.thevaluechainng.com/totalenergies-secures-deepwater-rig-for-nigerian-exploration-campaign/): TotalEnergies expects a deepwater drilling rig to arrive in Nigeria by the end of October 2026, following a nine-month mobilization process that previously took three years. Speaking during the Invest in Nigeria panel at African Energy Week (AEW) 2026 in Cape Town, Matthieu Bouyer, Managing Director and Country Chair of TotalEnergies Nigeria, said the rig
- [Global Oil and Gas Capital Remains Mobile, bp Tells AEW 2026](https://www.thevaluechainng.com/global-oil-and-gas-capital-remains-mobile-bp-tells-aew-2026/): Global oil and gas investment is increasingly shaped by competition between regions, with fiscal stability, predictable regulations and strong project partnerships key to attracting capital to Africa. PAs geopolitical tensions and market volatility reshape investment decisions, energy executives and financiers point to an opportunity for African producers to strengthen their competitiveness and secure funding for
- [Liberia Launches 2026 Offshore Licensing Round at AEW 2026](https://www.thevaluechainng.com/liberia-launches-2026-offshore-licensing-round-at-aew-2026/): Liberia has launched its 2026 Offshore Direct Negotiation Licensing Round, offering 15 offshore blocks across the Liberia and Harper basins as the country seeks to attract exploration investment. The launch took place on October 14 at African Energy Week (AEW) 2026, with Director General of the LPRA Marilyn T. Logan announcing the round alongside senior
- [Ivory Coast Details Investment Opportunities, Seeks Partners for $10b Energy Expansion](https://www.thevaluechainng.com/ivory-coast-details-investment-opportunities-seeks-partners-for-10b-energy-expansion/): Ivory Coast is seeking more than $10 billion in energy investment by 2030, with the country’s state-owned Petroci Holding identifying new upstream developments, exploration acreage and gas infrastructure as priorities for incoming partners. The investment drive covers refining, petroleum storage and distribution, positioning the country to expand production and supply regional markets, aecweek.com said in
- [Imbono, University of Cape Town (UCT), Abu Dhabi University (ADU) sign 3-year Academic Partnership](https://www.thevaluechainng.com/imbono-university-of-cape-town-uct-abu-dhabi-university-adu-sign-3-year-academic-partnership/): Imbono, an operational platform focused on infrastructure and critical logistics across emerging markets, the University of Cape Town (UCT) and Abu Dhabi University (ADU), have signed a three-year academic partnership to develop a framework for assessing and improving the resilience of infrastructure across Sub-Saharan Africa. Infrastructure development is essential to long-term economic growth in Africa
- [DRC to Ease Tax Burden in Hydrocarbons Law Overhaul as It Seeks Upstream and Downstream Partners](https://www.thevaluechainng.com/drc-to-ease-tax-burden-in-hydrocarbons-law-overhaul-as-it-seeks-upstream-and-downstream-partners/): The Democratic Republic of the Congo (DRC) plans to ease specific tax burdens on oil and gas projects through its revision of the country’s hydrocarbons law, Acacia Bandubola Mbongo, Minister of State for Hydrocarbons, said during a keynote address at African Energy Week (AEW) 2026 in Cape Town. The reform of Law No. 15/012 of
- [AEC, S&P Global Launch 2027 Africa State of the Energy Outlook Report at AEW](https://www.thevaluechainng.com/aec-sp-global-launch-2027-africa-state-of-the-energy-outlook-report-at-aew/): The African Energy Chamber (AEC) and market intelligence firm S&P Global - and powered by S&P Global Energy data - have launched the AEC: State of African Energy 2027 Outlook report today during African Energy Week (AEW) 2026 in Cape Town. Designed to provide data-driven market intelligence for investors, policymakers and project developers across the entire
- [Ghana Targets End to Liquid Fuel Purchases for Power as Gas Supply Expands](https://www.thevaluechainng.com/ghana-targets-end-to-liquid-fuel-purchases-for-power-as-gas-supply-expands/): Ghana expects to stop procuring liquid fuels for power generation next year, John Jinapor, Minister for Energy and Green Transition, said during a Gas Exporting Countries Forum (GECF)-hosted strategic session at African Energy Week (AEW) 2026 in Cape Town. Ghana has already cut its liquid fuel purchases for electricity from eight cargoes to two, he
- [Afreximbank’s AEB Eyes First Investments in 2027](https://www.thevaluechainng.com/afreximbanks-aeb-eyes-first-investments-in-2027/): Afreximbank’s Helen Brume says the African Energy Bank has secured $500 million in initial capital and expects first project financings next year, as AEW 2026 panelists discuss Africa’s energy investment priorities. The African Energy Bank (AEB) expects to finance its first projects in 2027 after securing $500 million in initial paid-up capital, Helen Brume, Director
- [AEW2026: Africa Holds Over 15trn Cubic Meters Of Natural Gas - Dr. Mshelbila](https://www.thevaluechainng.com/aew2026-africa-holds-over-15trn-cubic-meters-of-natural-gas-dr-mshelbila/): By Our Special Correspondent, The Secretary General of the Gas Exporting Countries Forum (GECF), His Excellency Dr. Philip Mshelbila has said that African continent holds more than 15 trillion cubic metres of natural gas - over 8% of global reserves. He made the assertion today while delivering a keynote Speech at the ongoing African Energy
- [Algeria Promotes Seven Oil and Gas Blocks to Investors at AEW 2026](https://www.thevaluechainng.com/algeria-promotes-seven-oil-and-gas-blocks-to-investors-at-aew-2026/): Algeria’s state-owned ALNAFT is seeking international investment to unlock its largely unexplored hydrocarbon resources, with the country’s 2026 licensing round offering seven onshore perimeters across established oil and gas basins. The initiative forms part of a broader upstream investment strategy aimed at increasing production and expanding Algeria’s role as a supplier to international markets. The
- [Russian Industrial & Energy Leaders Present Next-Generation Technologies at African Energy Week 2026](https://www.thevaluechainng.com/russian-industrial-energy-leaders-present-next-generation-technologies-at-african-energy-week-2026/): Under the auspices of the Russian Export Center (REC) business mission, a delegation of leading Russian technology providers, engineering firms, and industrial manufacturers is showcasing advanced solutions at African Energy Week (AEW) 2026 in Cape Town. The joint initiative focuses on fostering cross-border partnerships, modernizing energy infrastructure, and delivering scalable industrial technology across Central and
- [Ghana Achieves 30% Increase in Crude Output as Jubilee Partners Advance Development Campaign](https://www.thevaluechainng.com/ghana-achieves-30-increase-in-crude-output-as-jubilee-partners-advance-development-campaign/): Ghana’s offshore sector is shifting from license negotiations to new drilling and long-term development, with Minister of Energy and Green Transition John Abdulai Jinapor announcing at African Energy Week (AEW) 2026 that national crude oil production has increased by 30%. The milestone reverses five years of sustained decline and follows a $2 billion memorandum of
- [Etu Energias, Chariot, BW Energy Sign Master Agreement at AEW 2026](https://www.thevaluechainng.com/etu-energias-chariot-bw-energy-sign-master-agreement-at-aew-2026/): Angola’s Etu Energias has signed a Master Agreement with Chariot and BW Energy covering technical and financial collaboration. The agreement aims to support Etu Energias’ growth strategy in Angola and reflects a shared ambition between the parties to build a long-term and growing relationship for the benefit of all stakeholders. The agreement, according to aecweek.com,
- [AEC, S&P Global Energy Sign Five-Year Partnership for African Energy Week](https://www.thevaluechainng.com/aec-sp-global-energy-sign-five-year-partnership-for-african-energy-week/): The African Energy Chamber (AEC) and S&P Global Energy have signed a memorandum of understanding renewing their official partnership for the African Energy Week (AEW) conference and exhibition for five years, through the 2031 edition, establishing a long-term relationship around the continent’s energy investment platform. The agreement, according to aecweek.com, was signed during the opening
- [Remarks By NJ Ayuk Executive Chairman, African Energy Chamber At The African Energy Week 2026](https://www.thevaluechainng.com/remarks-by-nj-ayuk-executive-chairman-african-energy-chamber-at-the-african-energy-week-2026/): By Our Special Correspondent, The Executive Chairman of the African Energy Chamber, NJ Ayuk has reiterated Africa's unapologetic and realistic approach towards building the continent's necessities, saying that "the global markets are finally waking up to what we’ve known all along." He made the remark today while delivering an address at the ongoing 5-day African
- [Cameroon’s SNH Launches 2026 Bid Round at AEW African Farmout Forum](https://www.thevaluechainng.com/cameroons-snh-launches-2026-bid-round-at-aew-african-farmout-forum/): Cameroon’s Société Nationale des Hydrocarbures (SNH) launched the country’s 2026 Bid Round during the African Farmout Forum at African Energy Week in Cape Town, offering six blocks for exploration across three sedimentary basins. The bid round comes as the country seeks new investment across frontier acreage and offers a strategic entry point for both established
- [PHOTOSPEAK: President Tinubu Receives NNPC's 2025 Audited Financial Statement](https://www.thevaluechainng.com/photospeak-president-tinubu-receives-nnpcs-2025-audited-financial-statement/): Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Engr. Bashir Bayo Ojulari, Monday at the Presidential Villa in Abuja, presented the Company's 2025 Audited Financial Statement (AFS) to President Bola Ahmed Tinubu GCFR. Ojulari, who was accompanied by the Company's Group Chief Finance Officer (CFO), Dapo Segun, presented the statement which
- [Petromal Deepens Its African Commitment as Subsidiary Apus Energy Joins AEW 2026 in Cape Town](https://www.thevaluechainng.com/petromal-deepens-its-african-commitment-as-subsidiary-apus-energy-joins-aew-2026-in-cape-town/): Petromal, the Abu Dhabi-based energy group, announced today that its wholly owned upstream subsidiary, Apus Energy, is taking part in African Energy Week (AEW) 2026. Organised by the African Energy Chamber, AEW runs from 12 to 16 October at the Cape Town International Convention Centre. Apus Energy will meet governments, national oil companies, operators and
- [APPO Unveils New 2050 Strategy to Drive African Energy Sovereignty at AEW 2026](https://www.thevaluechainng.com/appo-unveils-new-2050-strategy-to-drive-african-energy-sovereignty-at-aew-2026/): The African Petroleum Producers’ Organization (APPO) introduced an updated strategic blueprint to achieve energy sovereignty across the continent by 2050. Revealed on Monday during African Energy Week by Serge-Desire Kohemun, Oil & Gas Downstream Specialist, APPO, the revised roadmap replaces the organization's 2022 framework. The updated strategy aecweek.com said, encompasses 79 actionable initiatives – 15
- [16 Top High School Innovators Compete for ExxonMobil STEM Africa Title at AEW 2026](https://www.thevaluechainng.com/16-top-high-school-innovators-compete-for-exxonmobil-stem-africa-title-at-aew-2026/): The finals of the 2026 ExxonMobil Foundation STEM Africa Challenge we’re held on during African Energy Week 2026 in Cape Town on Monday where finalists from Angola, Mozambique, Namibia and Nigeria pitched their science, technology, engineering and mathematics-driven projects and prototypes to a panel of judges. The 16 finalists were selected from an initial pool
- [AEW2026: APPO Engages NOCs In Closed-Door Discussions](https://www.thevaluechainng.com/aew2026-appo-engages-nocs-in-closed-door-discussions/): By Our Special Correspondent African Energy Week (AEW) 2026 has hosted the 8th Meeting of the African Petroleum Producers’ Organization NOC CEOs’ Forum, bringing together the heads of Africa’s national oil companies for closed-door discussions on financing, gas commercialization, and regional cooperation. Hosted by APPO, the forum created space for NOC leaders to exchange perspectives
- [African Energy Week 2026 Starts In Cape Town](https://www.thevaluechainng.com/african-energy-week-2026-starts-in-cape-town/): By Our Special Correspondent African Energy Week (AEW) 2026, unarguably one of Africa's star annual energy events, started today at the Cape Town International Convention Centre, South Africa. The event holds until October 16 (5 days). Themed "Invest in African Energies: Affordable and Abundant Energy Additions" the AEW 2026 has upstream exploration and production, energy
- [NCDMB, Renaissance Train 60 Nigerians In Critical Oil And Gas Technical Skills](https://www.thevaluechainng.com/ncdmb-renaissance-train-60-nigerians-in-critical-oil-and-gas-technical-skills/): The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with Renaissance Africa Energy Company Limited, has launched a 12-month training program at Nigeria Machine Tools Limited, Osogbo, Osun State. Valuechain quoted Obinna Ezeobi, PhD, who is the General Manager, Corporate Communications Division of the NCDMB as saying in a statement that the initiative will
- [Oyedele To Atiku: You Can Not Cut The Price Of Fuel To N400, N800 Or Even N1000](https://www.thevaluechainng.com/oyedele-to-atiku-you-can-not-cut-the-price-of-fuel-to-n400-n800-or-even-n1000/): Nigeria’s Finance Minister, Taiwo Oyedele, has reacted to former Vice President Atiku Abubakar’s campaign promise to Nigerians regarding the reduction of petrol prices, arguing that bringing the cost of petrol down to certain levels would not be achievable based on the prevailing realities of the petroleum market. Oyedele made this known during an interview on
- [We don’t have enough crude oil for Dangote – FG](https://www.thevaluechainng.com/we-dont-have-enough-crude-oil-for-dangote-fg/): The Federal Government has said Nigeria does not currently produce enough crude oil to meet the Dangote Petroleum Refinery’s daily requirement of 700,000 barrels. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this on Friday during an interview on Channels Television’s Politics Today programme. Oyedele said the country had yet to
- [Voodoo Economy: The Tinubunomics of Fuel Pricing In Nigeria](https://www.thevaluechainng.com/voodoo-economy-the-tinubunomics-of-fuel-pricing-in-nigeria/): By Aisha Alimi "A fuel bill does not disappear because government gives it a new name. Someone must pay" On 8 October, the Federal Government announced a 30-day petrol discount through NNPC. It insists this is not a subsidy. It is also negotiating a ₦1,350-per-litre limit on the price at which petrol leaves the refinery
- [CEF Group To Engage African, Global Energy Stakeholders On Energy Security, Investment,  Sustainable Dev](https://www.thevaluechainng.com/cef-group-to-engage-african-global-energy-stakeholders-on-energy-security-investment-sustainable-dev/): The Central Energy Fund (CEF) Group will participate in Africa Energy Week (AEW) 2026, taking place from 12–16 October 2026 at the Cape Town International Convention Centre (CTICC). The CEF Group delegation, according to a statement it issued, will be led by the Group Chairperson, Ms. Ayanda Noah accompanied by CEOs of CEF Group subsidiaries,
- [NCDMB Pushes For Greater Access To Assets To Boost Indigenous Participation In Energy Sector](https://www.thevaluechainng.com/ncdmb-pushes-for-greater-access-to-assets-to-boost-indigenous-participation-in-energy-sector/): The Nigerian Content Development and Monitoring Board (NCDMB) has called on indigenous oil and gas companies to strengthen their capacity and competitiveness in order to thrive in international markets. It identified access to assets, financing, technology, and markets as critical drivers of sustainable growth. Speaking at the 2026 Energy Conference of the Association of Energy
- [Russian Companies, Supported By Russian Export Center, To Showcase Energy, Industrial Solutions At African Energy Week 2026 In Cape Town](https://www.thevaluechainng.com/russian-companies-supported-by-russian-export-center-to-showcase-energy-industrial-solutions-at-african-energy-week-2026-in-cape-town/): A Russian business mission under the national Made in Russia brand will begin on 13 October 2026 in Cape Town as part of African Energy Week 2026. The delegation will comprise 13 companies seeking to develop partnerships with businesses in South Africa and other African countries. According to a statement by the organisers, the mission
- [NNPC Discount Offers Relief, Does Not Restore Subsidy](https://www.thevaluechainng.com/nnpc-discount-offers-relief-does-not-restore-subsidy/): The Nigerian National Petroleum Company (NNPC) Limited has reaffirmed its commitment to supporting the Federal Government’s efforts to providing relief for Nigerians amid elevated global crude oil prices arising from the Middle East conflict and the resulting impact on domestic petrol prices. This was contained in a statement by the national oil company through its
- [PEWI Press Commentary On NNPC’s 30-Day Petrol Discount: Relief Without Recreating Subsidy](https://www.thevaluechainng.com/pewi-press-commentary-on-nnpcs-30-day-petrol-discount-relief-without-recreating-subsidy/): By Saidu Abubakar The Federal Government’s proposed 30-day petrol discount at NNPC stations can be economically defensible if it remains a targeted, temporary welfare intervention rather than a return to universal fuel subsidy. Its purpose should not be to make petrol artificially cheap, but to ease transport costs, limit their spillover into logistics and consumer
- [Labour gives FG a two-week ultimatum to revert petrol prices to 2024 levels](https://www.thevaluechainng.com/labour-gives-fg-a-two-week-ultimatum-to-revert-petrol-prices-to-2024-levels/): According to a report by Vanguard News on October 8, 2026, the Nigeria Labour Congress (NLC) has given the Federal Government a two-week ultimatum to take steps to reduce the price of petrol to the level it was when the current national minimum wage was signed into law in 2024. ‎‎The labour body said the
- [FG Unveils Fresh Measures To Cushion Fuel Price Impact](https://www.thevaluechainng.com/fg-unveils-fresh-measures-to-cushion-fuel-price-impact/): The Federal Government has announced a fresh package of measures to cushion the impact of high petrol prices on Nigerians, including a 30-day margin discount at NNPC Limited stations, a proposed ₦1,350 per litre ceiling on petrol ex-gantry or landing costs and increased cash transfers to vulnerable households. Minister of Finance and Coordinating Minister of
- [NMDPRA seals two Rivers filling stations for under-dispensing](https://www.thevaluechainng.com/nmdpra-seals-two-rivers-filling-stations-for-under-dispensing/): The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has sealed two filling stations in Port Harcourt, Rivers State, for allegedly under-dispensing petroleum products to motorists and other consumers. The affected stations are MRS Filling Station on Azikiwe Road and Stageoil Filling Station along Aba Road in Port Harcourt. According to the authority, the action
- [NNPC reports Nigerian crude oil production rises to 1.8mb/d](https://www.thevaluechainng.com/nnpc-reports-nigerian-crude-oil-production-rises-to-1-8mb-d/): Nigeria’s crude oil production has reached 1.8 million barrels per day (mb/d), according to the Nigerian National Petroleum Company (NNPC) Limited. This increase represents a notable recovery for the country, which has faced years of inconsistent output due to technical and security challenges. The surge in hydrocarbon output is attributed to improved regulatory frameworks and
- [Nigeria Transforming Gas Sector As Catalyst For Industrialisation — Ekpo](https://www.thevaluechainng.com/nigeria-transforming-gas-sector-as-catalyst-for-industrialisation-ekpo/): The minister of state, Petroleum Resources (Gas), Ekperikpe Ekpo, has said that Nigeria is fast- tracking efforts to transform the country’s gas resources to increasingly serve as a catalyst for industrialisation, power generation, transportation, manufacturing, fertiliser production, LPG adoption and other productive activities across our economy. Speaking at the 2026 energy conference of the Nigeria
- [Customs Commits to Nigeria’s $1trn Economic Ambition](https://www.thevaluechainng.com/customs-commits-to-nigerias-1trn-economic-ambition/): The Comptroller-General of Customs (CGC), Adewale Adeniyi, has pledged the full support of the Nigeria Customs Service (NCS) for the realisation of Nigeria’s ambition to build a $1 trillion economy, stressing the need for institutions to translate national aspirations into concrete, measurable results. CGC Adeniyi committed on Tuesday, 6 October 2026, while delivering a keynote
- [NUPRC recovers 50 fallow fields from investors as ‘drill or drop’ policy takes effect](https://www.thevaluechainng.com/nuprc-recovers-50-fallow-fields-from-investors-as-drill-or-drop-policy-takes-effect/): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has recovered over 50 fallow oil fields for new licensing rounds following a strict enforcement of the Petroleum Industry Act (PIA) provisions on acreage management, as regulator and industry leaders map out a pathway to attract $100 billion in sector investments. The recovery forms part of
- [NUPRC Enforces Dril-or-drop Policy, Recovers 50 Oil Fields from Defaulting Licencees](https://www.thevaluechainng.com/nuprc-enforces-dril-or-drop-policy-recovers-50-oil-fields-from-defaulting-licencees/): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), said it has recovered more than 50 fallow oil fields from licence holders who failed to meet their development obligations under the Petroleum Industry Act, saying it will keep enforcing its “drill-or-drop” policy. The commission made the disclosure in Abuja at a panel session marking its fifth anniversary.
- [Duke To Fed Govt: Production Cost Of Petroleum Is $45 And You Are Selling It Back To People At Over $100](https://www.thevaluechainng.com/duke-to-fed-govt-production-cost-of-petroleum-is-45-and-you-are-selling-it-back-to-people-at-over-100/): Former Cross River State Governor Donald Duke has questioned the high cost of petroleum products in Nigeria, saying the prices are adding to the financial difficulties faced by ordinary citizens. Duke spoke during an interview with Channels Television on Wednesday, October 7, 2026, while discussing the state of the Nigerian economy and the effect of
- [7 Things Nigerians Once Got Free That Now Come With Bill](https://www.thevaluechainng.com/7-things-nigerians-once-got-free-that-now-come-with-bill/): There was a time when some everyday services came without an extra charge. From road tolls to shopping bags and other little conveniences, Nigerians could enjoy them without having to dig deeper into their pockets. But as businesses and service providers changed how they operate, some of these once-free conveniences gradually became additional expenses. Here
- [Shell Engages Borr Drilling Rig To Back Up Projected Oil Production Growth In Nigeria](https://www.thevaluechainng.com/shell-engages-borr-drilling-rig-to-back-up-projected-oil-production-growth-in-nigeria/): Shell Nigeria Exploration and Production Co. has engaged a one-well option for Borr Drilling’s Nattjackup rig offshore Nigeria. Borr disclosed this in its recent contracting updates. This should keep the rig contracted to Shell through early August 2027. Borr has also received a binding letter of award for its Norve jackup from an undisclosed operator offshore West Africa.
- [NUPRC targets 788,000 bpd recovery and $50bn offshore investment](https://www.thevaluechainng.com/nuprc-targets-788000-bpd-recovery-and-50bn-offshore-investment/): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has scheduled a new licensing round for 2026 as part of an aggressive strategy to expand the country’s oil production capacity. The regulator also unveiled plans to restore more than 788,000 barrels per day (bpd) of shut-in production. Additionally, the commission aims to move offshore projects with an
- [Apply professional scepticism to N11.2tn pipeline security spending – Iledare tells NNPC](https://www.thevaluechainng.com/apply-professional-scepticism-to-n11-2tn-pipeline-security-spending-iledare-tells-nnpc/): Energy expert and petroleum economist, Prof. Wumi Iledare, in an interview on Arise, explained that the question about the N11.2 trillion should be about the value the country derived from the expenditure. “Energy security — what do we mean by energy security? You are talking in terms of the value derived from that N11.2 trillion.
- [Nigeria Woos New Investors With 40 Oil Blocks As 2026 Licensing Round Opens](https://www.thevaluechainng.com/nigeria-woos-new-investors-with-40-oil-blocks-as-2026-licensing-round-opens/): …As NUPRC approves 120 FDPs, records $47bn investment commitments in 5 years The federal government yesterday opened the 2026 Nigerian Licensing Round, putting 40 oil blocks across onshore, shallow-water, and deepwater up for bid as regulators seek to deepen investor interest following the award of 37 blocks in the earlier 2025/2026 exercise. The chief executive
- [Industry meets market: Umaru Kwairanga and the capital-market moment Dangote has created](https://www.thevaluechainng.com/industry-meets-market-umaru-kwairanga-and-the-capital-market-moment-dangote-has-created/): There are moments when a transaction becomes larger than the transaction itself. Dangote Petroleum Refinery and Petrochemicals’ decision to come to the Nigerian Exchange is one of them. At ₦2.15 trillion, the offer is Africa’s largest initial public offering, putting 4.1 billion shares on offer at ₦525 each and opening ownership of Africa’s largest refinery
- [Oil prices rise as storms and air strikes threaten supply](https://www.thevaluechainng.com/oil-prices-rise-as-storms-and-air-strikes-threaten-supply/): Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen’s Iran-backed Houthis on Saudi Arabia against increased supplies of ​Middle East crude. Brent futures rose 93 cents, or 0.92%, to $101.51 a barrel by 0022 GMT. ‌US West Texas Intermediate (WTI) crude
- [Cost Of Living: Nigerians Put Home Purchases, Investments On Hold](https://www.thevaluechainng.com/cost-of-living-nigerians-put-home-purchases-investments-on-hold/): Nigerian households are delaying major purchases, including homes, landed property and investments, as worsening consumer confidence and rising living costs put pressure on household finances, according to the Central Bank of Nigeria’s (CBN) September 2026 Household Expectations Survey. The CBN said the purchase outlook for houses stood at -68.2 points in September, while investments recorded
- [Rwanda Says Growth, Not Higher Taxes, Will Pay Its Debt](https://www.thevaluechainng.com/rwanda-says-growth-not-higher-taxes-will-pay-its-debt/): Rwanda’s economy is expanding far faster than initially projected, but the strong growth comes against a difficult backdrop of high inflation, tighter monetary policy and pressure to keep public finances under control without slowing investment. The economy grew by 9.7% in the first half of 2026, well above the government’s full-year growth target of 6.8%,
- [Has Nigeria won the inflation battle but lost the war on prices?](https://www.thevaluechainng.com/has-nigeria-won-the-inflation-battle-but-lost-the-war-on-prices/): There is a question that is becoming increasingly difficult for Nigerian households to reconcile with the official economic numbers: if inflation is falling, why does almost everything still feel expensive? The question is not unreasonable. Nigeria’s headline inflation rate has fallen substantially from the exceptionally high levels recorded during the worst phase of the cost-of-living
- [World Bank Warns Poor Africans Face Exclusion Amid AI Growth](https://www.thevaluechainng.com/world-bank-warns-poor-africans-face-exclusion-amid-ai-growth/): The World Bank has warned that while artificial intelligence holds immense potential to reduce poverty across developing economies, vulnerable populations in Africa face the threat of severe exclusion if digital divides are not bridged. The global financial institution highlighted this paradox in a recent assessment, pointing out that although technological adoption is accelerating rapidly in
- [IMF says Malawi making progress on reforms](https://www.thevaluechainng.com/imf-says-malawi-making-progress-on-reforms/): The International Monetary Fund (IMF) says Malawi has made significant progress in implementing economic reforms that could pave the way for a new programme under its Extended Credit Facility (ECF). The IMF said its latest mission had reached “considerable progress” with Malawian authorities in designing a package of policies and reforms to support economic recovery.
- [PIA: NUPRC’s first 5 years laid foundation for impact – Eyesan](https://www.thevaluechainng.com/pia-nuprcs-first-5-years-laid-foundation-for-impact-eyesan/): The Nigeria Upstream Regulatory Commission (NUPRC) says it has laid a strong institutional foundation in its first five years and is focused on accelerating investment, production and national economic impact. The Chief Executive of NUPRC, Mrs Oritsemeyiwa Eyesan, said this on Tuesday in Abuja at the fifth anniversary of the the commission, established under the
- [FG cautioned against re-centralising national grid](https://www.thevaluechainng.com/fg-cautioned-against-re-centralising-national-grid/): …As experts propose regional grid The Clean Energy Working Group have cautioned the federal government against the proposed amendments on the Electricity Act 2023, which empowered states to generate, transmit, and distribute electricity. They warned that by re-centralizing control under the federal government, the bill could slow investment, limit renewable energy growth, and reduce affordable
- [PNC 2026: NCDMB, DMG Affirm Collaboration with Bayelsa Govt, Unveil New Activities](https://www.thevaluechainng.com/pnc-2026-ncdmb-dmg-affirm-collaboration-with-bayelsa-govt-unveil-new-activities/): As preparations intensify for the 2026 edition of the Practical Nigerian Content (PNC) Forum, slated for November 30 – December 3, 2026, the Nigerian Content Development and Monitoring Board (NCDMB) and its partner, DMG Events, have strengthened their long-standing collaboration with the Bayelsa State Government, to ensure the seamless hosting of the flagship industry gathering.
- [Nigeria Can Mitigate Rising Petrol Prices Without Restoring Subsidies – W/Bank](https://www.thevaluechainng.com/nigeria-can-mitigate-rising-petrol-prices-without-restoring-subsidies-w-bank/): …Nigeria, SA, Four Others Account for 80% Sub-Saharan African Eurobond Debts …Nigeria’s Benchmark Lending Rate Second Highest In SSA While most countries in Sub-Saharan Africa have taken actions to shield their populations from the shock of rising energy prices occasioned by the conflicts in the Middle East, Nigeria has left its citizens to market forces,
- [NNPC may overwhelm us like Dangote Refinery on NSE – Shettima Hints](https://www.thevaluechainng.com/nnpc-may-overwhelm-us-like-dangote-refinery-on-nse-shettima-hints/): The Vice President, Kashim Shettima, on Tuesday, hinted at the possible impact of the Nigerian National Petroleum Company Limited, NNPC, being listed on the Nigeria Stock Exchange. Shettima, while addressing the Group Chief Executive Officer of the NNPC, Bayo Ojulari, said the company may overwhelm Nigerians, just like the Dangote Refinery did when listed on
- [Electricity crisis worsens, 16 power plants shut down](https://www.thevaluechainng.com/electricity-crisis-worsens-16-power-plants-shut-down/): • Egbin, Geregu, Omotosho among plants at zero generation Nigeria’s electricity crisis deepened on Monday as 16 power plants recorded zero generation, triggering widespread blackouts, worsening the hardship faced by households and businesses across the country. The affected plants include some of the country’s major generating stations, among them Egbin, Geregu NIPP, Olorunsogo NIPP, Jebba,
- [The Litre War: Inside NMDPRA’s Quiet Battle To Stop Pump Fraud](https://www.thevaluechainng.com/the-litre-war-inside-nmdpras-quiet-battle-to-stop-pump-fraud/): For millions of Nigerian motorists, buying petrol is one of the most routine transactions in everyday life. Yet it is also a transaction in which the buyer has remarkably little ability to establish, at the point of sale, whether the quantity displayed on the pump is the quantity that has actually entered the vehicle’s tank.
- [NORS 2026: Stakeholders Unite To Promote Indigenous Refining](https://www.thevaluechainng.com/nors-2026-stakeholders-unite-to-promote-indigenous-refining/): The third edition of the Nigeria Oil Refining Summit (NORS held in Lagos between September 28 and 29, 2026, was imperative on account of the pragmatic steps taken by stakeholders to bring to the front burner Nigeria’s need to promote indigenous refining. The stakeholders, who were miffed by Nigeria’s crude supply short fall inspite of
- [FG Meters 707,765 Customers in Six Months as 4.8m Still Unmetered](https://www.thevaluechainng.com/fg-meters-707765-customers-in-six-months-as-4-8m-still-unmetered/): The Federal Government installed 707,765 electricity meters in the first half of 2026, a 71% jump from 412,792 meters installed in the same period of 2025, according to NERC data. NERC said installations comprised 357,495 meters in Q1 and 350,270 meters in Q2. In contrast, only 187,161 and 225,631 meters were installed in Q1 and
- [FG should reduce petrol price, refine 450,000bpd crude locally — Falana](https://www.thevaluechainng.com/fg-should-reduce-petrol-price-refine-450000bpd-crude-locally-falana/): Human rights lawyer and Senior Advocate of Nigeria, Femi Falana, has urged the Federal Government to reduce the price of petrol and direct the Nigerian National Petroleum Company Limited to refine the country’s 450,000 barrels of crude oil allocated for domestic consumption in local refineries. Falana made the call in a statement issued by the
- [Reactions As Nigeria Repays N11.2trn Oil-backed Loans With 340m Barrels Of Crude](https://www.thevaluechainng.com/reactions-as-nigeria-repays-n11-2trn-oil-backed-loans-with-340m-barrels-of-crude/): Stakeholders have urged the federal government to review the current practice of borrowing against future crude oil production, warning that the arrangement could leave part of the country’s future oil output committed to lenders before the crude can generate revenue for Nigerians or support domestic economic needs. LEADERSHIP checks indicated that Nigeria committed about 340
- [NNPC cuts liabilities by N19.6trn as assets fall](https://www.thevaluechainng.com/nnpc-cuts-liabilities-by-n19-6trn-as-assets-fall/): The Nigerian National Petroleum Company Limited (NNPC Ltd) reduced its total liabilities by N19.58 trillion in 2025, even as its assets declined by N17.61 trillion during the year. According to the company’s 2025 financial results, total liabilities fell by 37.1 per cent from N52.77 trillion in 2024 to N33.19 trillion in 2025. Similarly, total assets
- [Port Harcourt, Kaduna, Warri carry N8.31trn in NNPC funding exposure](https://www.thevaluechainng.com/port-harcourt-kaduna-warri-carry-n8-31trn-in-nnpc-funding-exposure/): The Nigerian National Petroleum Company (NNPC) Limited ended 2025 with N8.31 trillion owed to it by the Kaduna, Warri and Port Harcourt refineries, highlighting the scale of funding required to keep the long-troubled plants moving towards rehabilitation and commercial operations. The exposure, disclosed in NNPC’s 2025 audited financial statements, came even as the national oil
- [NFF Resignations: Is FIFA Axe Dangling Over Nigeria?](https://www.thevaluechainng.com/nff-resignations-is-fifa-axe-dangling-over-nigeria/): By Saidu Abubakar Nigeria is NOT banned yet, but seems likely to be on the verge, should FIFA eventually find out that there was government interference in the NFF Executive Board’s mass resignation. It all depends on the report filed by the 4-man FIFA-CAF fact-finding team that visited Nigeria from 13th to 15th September, 2026.
- [Can Nigeria’s Port Expansion Deliver a New Maritime Economy?](https://www.thevaluechainng.com/can-nigerias-port-expansion-deliver-a-new-maritime-economy/): By Anscella Obike The Federal Government’s approval for the comprehensive modernisation and upgrade of the Onne, Rivers, Delta and Calabar ports marks a potentially important shift in Nigeria’s maritime strategy. For decades, the country’s port economy has remained heavily concentrated around Lagos, even as other coastal corridors possess the geography and commercial potential to serve
- [Homeownership: A Distant Dream as Soaring Prices Shut Millions Out](https://www.thevaluechainng.com/homeownership-a-distant-dream-as-soaring-prices-shut-millions-out/): By Adaobi Rhema Oguejiofor For millions of Nigerians, owning a home is becoming less of a realistic milestone and more of a distant dream. Property prices and rents are soaring, construction costs are rising, and household incomes are struggling to keep pace. The result is a widening affordability gap that is pushing homeownership beyond the
- [Nigeria’s $700bn Mineral Opportunity: The Promise and Peril of the US Deal](https://www.thevaluechainng.com/nigerias-700bn-mineral-opportunity-the-promise-and-peril-of-the-us-deal/): By Anscella Obike & Silverline Ifeanyi Onyeabor Nigeria’s latest courtship of American capital in the solid minerals sector arrives as the global mineral map is being redrawn. As lithium, rare earth elements, tantalum, niobium, tin, and other strategic minerals become increasingly important to batteries, electronics, defence systems, and advanced manufacturing, Nigeria is trying to position
- [Free Digital Learning: NCC Bets on Connectivity to Drive Innovation, Growth](https://www.thevaluechainng.com/free-digital-learning-ncc-bets-on-connectivity-to-drive-innovation-growth/): By Adaobi Rhema Oguejiofor For millions of Nigerian students, the internet provides access to a world of knowledge, but the cost of an internet subscription is the main factor determining how much of that world they can explore. The Nigerian Communications Commission (NCC) is now seeking to remove that barrier through an initiative that could
- [The Asymmetry of Accountability in Nigeria’s Aviation Industry](https://www.thevaluechainng.com/the-asymmetry-of-accountability-in-nigerias-aviation-industry/): By Anscella Obike For many Nigerian air travellers, punctuality is treated as a one-way obligation. Passengers are expected to arrive at the airport on time, meet strict check-in deadlines and accept penalties when they fail to do so. Airlines, however, can sometimes keep passengers waiting for hours with little visible consequence. A recent passenger account
- [From Research to the Road: NASENI’s Drive for Nigerian-Made Electric Vehicles](https://www.thevaluechainng.com/from-research-to-the-road-nasenis-drive-for-nigerian-made-electric-vehicles/): By Adaobi Rhema Oguejiofor For years, Nigeria’s automotive industry has been dominated by imported vehicles, rising fuel costs and the search for more affordable and sustainable transportation. But a new chapter is emerging, with efforts to develop and assemble vehicles locally and reduce dependence on imported automotive technologies. The National Agency for Science and Engineering
- [Healing Is Expensive... And Money Is Not the Price](https://www.thevaluechainng.com/healing-is-expensive-and-money-is-not-the-price/): By Anastasia Adaeze Healing is often misunderstood. We imagine that one day the pain will disappear, the memories will lose their weight, the questions will stop demanding answers, and whatever once broke our hearts will become nothing more than a distant story. But healing rarely happens that neatly. Sometimes, healing is not about forgetting what
- [When Poverty Puts a Price on a Kidney](https://www.thevaluechainng.com/when-poverty-puts-a-price-on-a-kidney/): By Adaobi Rhema Oguejiofor For the human body, the kidney is worth more than money. It filters waste from the blood, balances fluids and electrolytes, helps regulate blood pressure and supports the production of hormones essential to the body. Yet, amid Nigeria’s worsening cost-of-living pressures, reports say some young Nigerians may be willing to sell
- [African Energy Week 2026: Why Leaders Must Be in the Room](https://www.thevaluechainng.com/african-energy-week-2026-why-leaders-must-be-in-the-room/): In energy, finance and economic policy, absence is rarely neutral. It can mean surrendering influence to those who show up. That is why African Energy Week (AEW) 2026 matters. Africa stands at a critical energy crossroads. The continent has vast oil and gas reserves, extraordinary renewable potential and an urgent need for reliable, affordable energy.
- [The 2026 Super El Niño: West Africa's Response and Challenges](https://www.thevaluechainng.com/the-2026-super-el-nino-west-africas-response-and-challenges/): In September 2026, the World Meteorological Organization released its latest assessment, confirming that a "very strong" El Niño event is forming and is expected to peak between October and December. Data from the US National Oceanic and Atmospheric Administration (NOAA) indicates a 75% probability that this event will become the strongest El Niño since 1950,
- ['Safety should be Built into the Commercial and Governance Structures of a Gas Business from the Outset' — Emmanuel Umahi Ekwe, Esq](https://www.thevaluechainng.com/safety-should-be-built-into-the-commercial-and-governance-structures-of-a-gas-business-from-the-outset-emmanuel-umahi-ekwe-esq/): As Nigeria’s domestic gas market expands, questions about safety, regulatory compliance and corporate accountability are increasingly important. While the country has developed a broad legal and regulatory framework governing the handling, storage, transportation, and distribution of gas, enforcement remains critical to translating regulation into safer operations. In this interview with Valuechain, Emmanuel Umahi Ekwe, Esq.,
- [Nigeria’s Solar Farming Bet: Can Cheaper Irrigation Bring Down Food Prices?](https://www.thevaluechainng.com/nigerias-solar-farming-bet-can-cheaper-irrigation-bring-down-food-prices/): By Ese Ufuoma Nigeria’s food-price crisis is often measured at the market, but one of its less visible pressures begins much earlier on the farm, where the cost of powering irrigation can determine how much it costs to produce a crop. That is the problem the Federal Government is attempting to tackle with a new
- [The $41 Billion Energy Opportunity](https://www.thevaluechainng.com/the-41-billion-energy-opportunity/): Why Nigeria Must Strengthen Its Position in Africa’s Next Wave of Oil and Gas Investment By William Emmanuel Ukpoju Africa is entering another critical contest for energy capital, and Nigeria is once again standing at the centre of the opportunity. The African Energy Chamber estimates that upstream and midstream oil and gas investment across the
- [Oil Tankers and Drug Trafficking: The Hidden Cargo on Our Roads](https://www.thevaluechainng.com/oil-tankers-and-drug-trafficking-the-hidden-cargo-on-our-roads/): By Ese Ufuoma The interception of a 20,000-litre fuel tanker carrying more than two tonnes of cannabis in Ondo State has exposed another dimension of the challenge facing Nigeria’s security agencies: the attempt by criminal networks to exploit legitimate commercial transportation channels to move illicit drugs. The tanker, marked MKA 960 XC, was intercepted by
- [NUPRC vs NMDPRA: Five Years On, Has Nigeria’s Regulatory Reset Delivered?](https://www.thevaluechainng.com/nuprc-vs-nmdpra-five-years-on-has-nigerias-regulatory-reset-delivered/): By William Emmanuel Ukpoju When Nigeria enacted the Petroleum Industry Act (PIA) in 2021, one of its most consequential institutional reforms was the dismantling of the former Department of Petroleum Resources (DPR) and the creation of two specialised regulators: the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority
- [N39bn Gas Fund Question: Audit Flags Under-Remittance, NMDPRA Demands Reconciliation](https://www.thevaluechainng.com/n39bn-gas-fund-question-audit-flags-under-remittance-nmdpra-demands-reconciliation/): By Jauhar Suleiman Salihu The integrity of Nigeria's gas transition agenda has come under fresh scrutiny after the 2024 report of the Auditor-General for the Federation accused the Midstream and Downstream Gas Infrastructure Fund, MDGIF, of failing to account for about N39 billion generated from the petroleum sector in 2023. According to the audit findings,
- [At Gastech 2026, Nigeria Pitches Gas Beyond Reserves ](https://www.thevaluechainng.com/at-gastech-2026-nigeria-pitches-gas-beyond-reserves/): By William Emmanuel Ukpoju For decades, Nigeria’s pitch to the global energy market has been remarkably consistent: enormous gas reserves, abundant opportunities and an invitation to investors to participate in unlocking them. At international energy conferences, the country’s more than 200 trillion cubic feet of proven natural gas reserves have often been presented as evidence
- [37 Dead in Rivers Oil Theft: Why Illegal Crude Still Thrives](https://www.thevaluechainng.com/37-dead-in-rivers-oil-theft-why-illegal-crude-still-thrives/): By Ese Ufuoma The deaths at Okrika are the latest reminder that Nigeria’s fight against crude theft is far from over. Even as production rises and security improves, illegal tapping continues to put lives, communities and billions of naira at risk. The death of at least 37 suspected oil thieves in Rivers State has once
- [The IEA Comes to Abuja: Catalyst or Cosmetic?](https://www.thevaluechainng.com/the-iea-comes-to-abuja-catalyst-or-cosmetic/): By Silverline Ifeanyi Onyeabor On September 3, 2026, Nigeria's Vice President Kashim Shettima and International Energy Agency Executive Director Fatih Birol sat across from each other in the State House in Abuja and signed a Joint Work Programme, making Nigeria an IEA Association Country. Cameras clicked, statements were issued, and the Tinubu administration moved quickly
- [N952bn Petrol Import Bill: Why Is Nigeria Still Importing Fuel?](https://www.thevaluechainng.com/n952bn-petrol-import-bill-why-is-nigeria-still-importing-fuel/): Nigeria is spending billions on imported petrol even as its largest refinery operates at full capacity and prepares to double in size. The figures raise a broader question: is Nigeria’s refining revolution moving fast enough? By Ese Ufuoma Nigeria has spent years trying to escape a problem that has become almost too familiar to explain.
- [Nigeria’s Unfinished Journey from Petroleum Wealth to Enduring National Value: A Reflection on Institutional Reform, Commerciality, and Indigenous Capability](https://www.thevaluechainng.com/nigerias-unfinished-journey-from-petroleum-wealth-to-enduring-national-value-a-reflection-on-institutional-reform-commerciality-and-indigenous-capability/): Preamble On October 1, 1960, Nigeria became an independent nation, and I was nine years old. Sixty-six years later, as the country marks another Independence Day and I mark my 75th year, those parallel milestones invite both personal reflection and national reckoning. Few industries have accompanied Nigeria’s journey or my own as closely as petroleum.
- [The NNPC Limited Story: A New Chapter of Transparency, Accountability and Value Creation? ](https://www.thevaluechainng.com/the-nnpc-limited-story-a-new-chapter-of-transparency-accountability-and-value-creation/): For NNPC Limited, 2025 was more than another year on the balance sheet. It was a year that tested whether Nigeria’s newly commercialised national energy company could turn reform into measurable value. The numbers tell part of the story: N7.2 trillion in Profit After Tax, N5.8 trillion in declared dividends, N22.3 trillion in government remittances,
- [AEW 2026 Turns Cape Town into Africa’s Energy Marketplace](https://www.thevaluechainng.com/aew-2026-turns-cape-town-into-africas-energy-marketplace/): African Energy Week (AEW) 2026 is more than a conference. It is Africa’s energy marketplace. A meeting point for the governments that control resources, the companies that develop them, the financiers that provide capital and the service providers that turn investment decisions into operating projects. From October 12–16, Cape Town will become a platform for
- [NNPC commits over 186,000 barrels daily to crude-backed debt under multi-trillion naira deals](https://www.thevaluechainng.com/nnpc-commits-over-186000-barrels-daily-to-crude-backed-debt-under-multi-trillion-naira-deals/): The Nigerian National Petroleum Company Limited has earmarked more than 186,000 barrels per day of future crude production to service debt under three structured financing arrangements. According to its newly released 2025 Audited Financial Statements, the national oil company has settled N2.886 trillion out of an aggregate N12.083 trillion commitment, leaving nearly N9.8 trillion outstanding.
- [Indigenous Operators Now Account For Over 50% Of Nigeria’s Crude Output – FG](https://www.thevaluechainng.com/indigenous-operators-now-account-for-over-50-of-nigerias-crude-output-fg/): Indigenous oil and gas companies now contribute more than 50 per cent of Nigeria’s crude oil production, the Federal Government has said. The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, disclosed this on Wednesday at the maiden Petroleum Technology Development Fund (PTDF) Journal Summit 2026 in Abuja. Lokpobiri, who was represented by
- [Africa Must Build, Not Block: AEC Condemns Court Order Threatening Dangote’s Kenya Refinery](https://www.thevaluechainng.com/africa-must-build-not-block-aec-condemns-court-order-threatening-dangotes-kenya-refinery/): Dangote’s planned 700,000-barrel-per-day refinery in Lamu could transform East Africa’s downstream landscape, strengthening regional fuel security at a time of unprecedented disruption to global oil markets Construction activities associated with Dangote Industries planned $15-16 billion refinery in Lamu, Kenya, face disruption following a petition by 133 residents claiming rights over land earmarked for the project. While the interim order made by the Malindi Environment
- [Kosmos Energy CEO Andrew Inglis to Receive Mohammed S. Barkindo Lifetime Achievement Award at AEW 2026](https://www.thevaluechainng.com/kosmos-energy-ceo-andrew-inglis-to-receive-mohammed-s-barkindo-lifetime-achievement-award-at-aew-2026/): Andrew Inglis, Chairman and CEO of international energy company Kosmos Energy, has been selected as the winner of the African Energy Week (AEW) 2026’s Mohammed S. Barkindo Lifetime Achievement Award for his dedication to advancing African energy projects and ongoing commitment to strengthening community development continent-wide. The award recognizes a career spanning more than four
- [NNPC announces a N5.8 trillion dividend to its shareholders](https://www.thevaluechainng.com/nnpc-announces-a-n5-8-trillion-dividend-to-its-shareholders/): By Danlami Nasir Isah, Abuja NNPC Limited has delivered its most profitable year since becoming a commercial entity, posting N7.2 trillion Profit After Tax for 2025. The disclosure was made by the Group Chief Executive Officer, Engr. Bayo Ojulari, during a Media Parley currently being hosted on the Company's 2025 achievements and strategic vision for
- [BREAKING: NNPC Declares N7.2 Trillion Profit, Highest in Years…](https://www.thevaluechainng.com/breaking-nnpc-declares-n7-2-trillion-profit-highest-in-years/): By Danlami Nasir Isah, Abuja The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a Profit After Tax of N7.2 trillion for the year ended December 31, 2025. The figure, contained in its audited results released today, represents a 33 percent increase from the N5.4 trillion recorded in 2024. The Company also declared a
- [Court Orders NMDPRA To Continue Issuing Petrol Import Licences To Three Marketers](https://www.thevaluechainng.com/court-orders-nmdpra-to-continue-issuing-petrol-import-licences-to-three-marketers/): The Federal High Court in Abuja has ordered the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to continue issuing and renewing petroleum products import licences for Matrix Energy, A.A. Rano and AYM Shafa, provided the companies meet all statutory and regulatory requirements. Justice Inyang Ekwo, in his judgment on Monday according to a report
- [The Price of Petrol Is Rising and Nigerians Simply Cannot Cope](https://www.thevaluechainng.com/the-price-of-petrol-is-rising-and-nigerians-simply-cannot-cope/): ...The cost of living in Nigeria is about to kill the living Do you remember Falz’s “This Is Nigeria” song? The song where he asks us to look around and see how we are living? On Thursday, September 17, 2026, that song was playing on repeat in Oluwatobi’s head as he returned from a filling
- [NCDMB Honours Retirees, Reflects On Local Content Growth](https://www.thevaluechainng.com/ncdmb-honours-retirees-reflects-on-local-content-growth/): The Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010 and the exponential growth of local content in the oil and gas industry since the enactment in year 2010 were the key talking points among pioneering Management staff of the Nigerian Content Development and Monitoring Board (NCDMB) hosted at a Retirees’ Celebration Dinner on
- [Oil prices jump as Trump rejects Iran peace proposal](https://www.thevaluechainng.com/oil-prices-jump-as-trump-rejects-iran-peace-proposal/): Crude oil prices started the week higher after President Donald Trump rejected Iran’s peace proposal, raising concerns that the conflict could continue and disrupt global oil trade. At the time of writing, Brent crude was trading at $107.8 per barrel, while West Texas Intermediate (WTI) stood at $95.46. WTI was also pressured by reports that
- [Power plants operated at 86% capacity in August — NERC](https://www.thevaluechainng.com/power-plants-operated-at-86-capacity-in-august-nerc/): Nigeria’s grid-connected power plants operated at an average of 86 per cent of available capacity in August 2026, the Nigerian Electricity Regulatory Commission (NERC) has said. This is contained in NERC’s August 2026 factsheet, published on Thursday. The report showed average available capacity of 4,758 megawatts (MW) during the month, against average hourly generation of
- [Stockbrokers’ conference to focus on economic prosperity](https://www.thevaluechainng.com/stockbrokers-conference-to-focus-on-economic-prosperity/): The Chartered Institute of Stockbrokers (CIS) will use its 30th annual conference in Lagos to examine how record capital mobilisation can translate into faster growth, productive investment and shared prosperity. The annual stockbrokers’ conference will push for a stronger link between capital raised through Nigeria’s capital market and measurable economic outcomes, including job creation, industrial growth,
- [CBN probes banks’ restriction of customers’ access to forex accounts](https://www.thevaluechainng.com/cbn-probes-banks-restriction-of-customers-access-to-forex-accounts/): •To issue circular to commercial banks •As banks place limits on dispensable amounts There's rising concerns over restrictions imposed by some banks on customers. The situation is not different in banks located in other parts of the country, as customers complain of such restriction. While some banks place limits on the amount customers can withdraw
- [NUPRC, NMDPRA, NNPC, IOCs Converge on Lagos for Hydrocarbon Measurement Talks](https://www.thevaluechainng.com/nuprc-nmdpra-nnpc-iocs-converge-on-lagos-for-hydrocarbon-measurement-talks/): Nigeria’s petroleum regulators, leading oil and gas producers, fiscal institutions and measurement technology providers from across the world will gather in Lagos for the 6th Nigeria Hydrocarbon Measurement Conference (NiHMEC). The three-day conference will hold at the Federal Palace Hotel, Victoria Island, from October 6 to 8, 2026, and has become the industry’s annual meeting
- [FG seeks fresh $1.5bn World Bank loan](https://www.thevaluechainng.com/fg-seeks-fresh-1-5bn-world-bank-loan/): The Federal Government has opened discussions with the World Bank for three new loans totalling $1.5bn, even as Nigeria’s public debt climbed to a record N166.79tn at the end of June 2026. Documents obtained from the World Bank show that the proposed financing comprises three separate $500m facilities for climate resilience, social protection and early
- [AFRICA’S REFINING MOMENT — AND NIGERIA’S INFLECTION POINT](https://www.thevaluechainng.com/africas-refining-moment-and-nigerias-inflection-point/): By Kunle Odusola-Stevenson Africa stands at a defining moment in the evolution of its energy economy. For decades, the continent has exported crude while importing a substantial share of the refined petroleum products needed to power its transport systems, industries, businesses and households. This structural imbalance has transferred significant economic value outside the continent, while
- [Fuel Subsidy a Scam that will Hurt Nigeria Again – Alex Otti](https://www.thevaluechainng.com/fuel-subsidy-a-scam-that-will-hurt-nigeria-again-alex-otti/): Abia State Governor, Alex Otti, has backed the removal of fuel subsidy, saying those calling for its return do not mean well for Nigeria. Otti stated this in an exclusive interview aired by Arise Television on Friday while discussing the economic impact of subsidy removal and his longstanding position on the policy. The governor said
- [NCDMB launches In-house Academy for Knowledge-sharing among Staff, Stakeholders ](https://www.thevaluechainng.com/ncdmb-launches-in-house-academy-for-knowledge-sharing-among-staff-stakeholders/): As part of efforts to enhance the capacity of its staff to effectively lead and regulate the oil and gas industry, the Nigerian Content Development and Monitoring Board (NCDMB), on Thursday inaugurated its LearnFest Lecture Series, a platform for continuous learning among staff and oil and gas industry stakeholders. Quoting a statement by Obinna Ezeobi, PhD who is the General Manager, Corporate Communications Division of the NCDMB,
- [Africa’s Capital Base Steps Up to Finance the Next Energy Build-Out at AEW 2026](https://www.thevaluechainng.com/africas-capital-base-steps-up-to-finance-the-next-energy-build-out-at-aew-2026/): Africa’s energy investment gap is increasingly being addressed through a broader pool of African financial institutions, regional lenders and private investors. With the continent’s energy finance gap estimated at between $31 billion and $50 billion, the ability to turn available capital into bankable projects is becoming a central issue for governments and developers. Valuechain quoted
- [Europe uses subsidies, taxes and policy pauses to offset pain of high fuel prices](https://www.thevaluechainng.com/europe-uses-subsidies-taxes-and-policy-pauses-to-offset-pain-of-high-fuel-prices/): Wars in the Middle East and Ukraine are driving governments across Europe to craft subsidies, taxes and policy revisions that might shield their economies, companies and increasingly aggrieved citizens from record gasoline and diesel prices. Countries around the world have intervened to limit the economic impact of diminished energy supplies and soaring fuel prices since
- [UNGA81: Nigeria Warns Debt Burden Squeezing Africa, Developing Nations](https://www.thevaluechainng.com/unga81-nigeria-warns-debt-burden-squeezing-africa-developing-nations/): News Investigators/ Nigeria has called for urgent reform of the global financial architecture, warning that heavy debt servicing was diverting scarce resources from education, healthcare and infrastructure in developing countries. Vice-President Kashim Shettima made the call while delivering President Bola Tinubu’s national statement at the 81st UN General Assembly on Thursday. Shettima identified inadequate development
- [DisCos Collect N1.41trn In 7 Months](https://www.thevaluechainng.com/discos-collect-n1-41trn-in-7-months/): Nigeria’s 11 electricity distribution companies (DisCos) have collected N1.41 trillion from customers in the first seven months of 2026, pushing average collection efficiency above last year’s level, but industry watchers warn that tighter dry-season power supply in the final quarter could erode the gains. A review of monthly Commercial Performance Factsheets published by the Nigerian
- [PETROAN seeks open competition in products supply](https://www.thevaluechainng.com/petroan-seeks-open-competition-in-products-supply/): Dr. Billy Gillis-Harry, National President, Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), has called for an open and competitive petroleum products market. Gillis-Harry ​‌‍‌​‌‍⁠⁠‌⁠‍​‍​‌​‍‌​said such a market would promote affordable pricing and transparency in the downstream petroleum sector. He made the call at the 2026 Annual Conference of the Association of Energy Correspondents
- [Regulator launches nationwide enforcement](https://www.thevaluechainng.com/regulator-launches-nationwide-enforcement/): The operation started on Thursday, a day after the NMDPRA notified major industry groups that it would act against outlets involved in under-dispensing. The warning was sent to the Independent Petroleum Marketers Association of Nigeria (IPMAN), the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), the Major Oil Marketers Association of Nigeria (MOMAN), and
- [FG urged to build regulatory capacity to safeguard gas revenue](https://www.thevaluechainng.com/fg-urged-to-build-regulatory-capacity-to-safeguard-gas-revenue/): Nigeria needs to invest more in building the expertise of regulators in gas metering as the country expands its gas infrastructure, an energy expert, Dr Sunday Kanshio, has said. Kanshio, who is the Managing Partner of Fleissen Events and Coordinator of the Technical Advisory Committee of the Nigeria Hydrocarbon Measurement Conference (NiHMEC), said stronger technical
- [In Saudi Arabia, Local Refineries Receive Crude at $25 While Nigeria Sells at Benchmarks — Iroegbu](https://www.thevaluechainng.com/in-saudi-arabia-local-refineries-receive-crude-at-25-while-nigeria-sells-at-benchmarks-iroegbu/): According to a video posted on Trust TV on Thursday September 24, 2026, a member of the Nigeria Democratic Congress (NDC) media team, Dickson Ikeoegbu, said local refineries in Saudi Arabia receive crude oil at about $25 per barrel while Nigeria continues to sell at international benchmark prices. Speaking on Daily Politics with host Abdullah
- [Petrol costs over N3,000/litre in UK, Nigerians are enjoying — Okpebholo](https://www.thevaluechainng.com/petrol-costs-over-n3000-litre-in-uk-nigerians-are-enjoying-okpebholo/): Edo State Governor, Monday Okpebholo, has said petrol costs more than 3,000 per litre in the United Kingdom, claiming that Nigerians are “doing very well” with the current price of the commodity in the country. Okpebholo stated this on Thursday while speaking at the “Operation Rescue Benin-Asaba Road” event in Edo State. The governor said
- [Nigeria imports N2.7trn crude oil in 6 months](https://www.thevaluechainng.com/nigeria-imports-n2-7trn-crude-oil-in-6-months/): Nigeria’s crude oil import in the first half of 2026 dipped by 4.84 per cent, year-on-year, to N2.694 trillion, compared with N2.831 trillion recorded in the first half of 2025, according to data released by the National Bureau of Statistics (NBS). The NBS, in its second quarter 2026 Foreign Trade in Goods Statistics, also disclosed
- [Nigeria’s gas future will depend on production-ready infrastructure](https://www.thevaluechainng.com/nigerias-gas-future-will-depend-on-production-ready-infrastructure/): Nigeria’s ability to sustain its position in the global liquefied natural gas (LNG) market and advance domestic gas projects will depend on production-ready infrastructure, operational efficiency and timely project execution, Iretomiwa Odusote, a Regional Segment Leader for Energies and Chemicals in West Africa has said. Odusote made the remarks in an opinion article examining the
- [UN launches energy transition minerals scheme for Nigeria, five other countries](https://www.thevaluechainng.com/un-launches-energy-transition-minerals-scheme-for-nigeria-five-other-countries/): The United Nations has launched a new support mechanism to help Nigeria and five other resource-rich developing countries build sustainable and responsible value chains for critical energy transition minerals. Antonio Guterres, UN secretary-general, announced the Country Support Mechanism on Critical Energy Transition Minerals on Wednesday in New York. Nigeria, Guinea, Indonesia, Madagascar, Zambia and Zimbabwe
- [₦729bn bond drives power debt cleanup to ₦1.23trn](https://www.thevaluechainng.com/₦729bn-bond-drives-power-debt-cleanup-to-₦1-23trn/): A ₦728.9 billion second-series bond has pushed the Federal Government’s power-sector debt-reduction programme to approximately ₦1.23 trillion, bringing fresh liquidity to generation companies burdened by years of unpaid electricity receivables. The Series 2 issuance by NBET Finance Company Plc brings total funding raised under the Presidential Power Sector Financial Reforms Programme (PPSFRP) to ₦1.23 trillion,
- [CMA issues public notice regarding Dangote Petroleum Refinery IPO](https://www.thevaluechainng.com/cma-issues-public-notice-regarding-dangote-petroleum-refinery-ipo/): The Capital Markets Authority (CMA) has issued a public statement clarifying the regulatory status of the Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering (IPO) following widespread information circulating about the offering. According to the Authority, while the public offer is regulated under Nigerian jurisdiction, it has not been submitted to the CMA for
- [This Is Another Manipulation By APC, They Are Telling You Oil Is Internationally Regulated — Okonkwo](https://www.thevaluechainng.com/this-is-another-manipulation-by-apc-they-are-telling-you-oil-is-internationally-regulated-okonkwo/): Kenneth Okonkwo, spokesperson for the Atiku Abubakar Presidential Campaign, has said an Atiku administration would consider restoring the petrol subsidy while prioritising the supply of crude oil to domestic refineries. Okonkwo made the remarks during an interview on Arise Television on Wednesday, September 23, 2026. He argued that if the subsidy had been removed without
- [Crude oil imports at Lagos ports decline 38.6%](https://www.thevaluechainng.com/crude-oil-imports-at-lagos-ports-decline-38-6/): Crude oil imports through Lagos Ports declined by 38.6 percent in September 2026, with a total of 1,470,109 metric tonnes imported during the month, compared to 2,392,354 metric tonnes recorded in the preceding month of August. The Lagos import chat, revealed this on Tuesday, meaning that the remaining eight days of the month may change
- [Almost All OPEC-member Countries Outside Gulf Have Refinery Problems](https://www.thevaluechainng.com/almost-all-opec-member-countries-outside-gulf-have-refinery-problems/): By Saidu Abubakar Checks by the Valuechain have revealed that Nigeria is the most famous case, but not the only OPEC-member nation with dysfunctional refineries. In fact almost all the OPEC-member countries outside the Gulf have their respective refinery problems. NIGERIA - The worst government refineries, but now has a private one (Dangote). Four (4)
- [Petrol Costs About N1,959 in Cameroon, N2,070 In Ghana & South Africa,While Nigeria Is N1,430 – Lokpobiri](https://www.thevaluechainng.com/petrol-costs-about-n1959-in-cameroon-n2070-in-ghana-south-africawhile-nigeria-is-n1430-lokpobiri/): Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has compared petrol prices across several countries, saying Nigeria’s average pump price remains lower than figures in Cameroon, Ghana and South Africa. In a report by Punch on Wednesday, 23rd September, 2026, Lokpobiri gave the figures during an interview on Channels Television’s Politics Today while
- [NCDMB Deepens Energy Ties with China, Seeks Boost In Manufacturing](https://www.thevaluechainng.com/ncdmb-deepens-energy-ties-with-china-seeks-boost-in-manufacturing/): The Nigerian Content Development and Monitoring Board (NCDMB) has intensified its drive to attract Chinese investment, technology and manufacturing capacity into Nigeria’s oil and gas industry, engaging more than 100 Chinese Original Equipment Manufacturers (OEMs) in Chengdu, China. According to a statement by Obinna Ezeobi, PhD, General Manager, Corporate Communications Division of NCDMB, the engagement
- [NMDPRA threatens to revoke licences of fuel stations under-dispensing products](https://www.thevaluechainng.com/nmdpra-threatens-to-revoke-licences-of-fuel-stations-under-dispensing-products/): The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has directed petroleum retail outlet operators nationwide to immediately calibrate and verify their dispensers and totalisers to stop under-dispensing of products to consumers. NMDPRA also threatened to revoke the licences of fuel stations found under-dispensing petroleum products to consumers. NMDPRA ​‌‌⁠‌‍⁠⁠‌⁠‌‍​⁠‌​⁠‌​gave the directive on Tuesday in
- [Nigeria: NMDPRA Speaks On Petrol Price Rise, Regulatory Action](https://www.thevaluechainng.com/nigeria-nmdpra-speaks-on-petrol-price-rise-regulatory-action/): The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is aware of the financial pressure caused by the recent increase in petrol prices, but maintains that it does not fix pump prices under Nigeria's deregulated petroleum market. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has acknowledged the financial strain caused by
- [Petrol Price Drops by N24 as Dangote, Lagos Depots Slash Rates](https://www.thevaluechainng.com/petrol-price-drops-by-n24-as-dangote-lagos-depots-slash-rates/): According to a report by Vanguard Newspaper on Wednesday, September 23, the price of petrol has dropped by as much as N24 per litre at several major depots in Lagos, raising expectations that motorists could begin to see lower pump prices as filling stations replenish their supplies. The latest reductions were recorded on Tuesday as
- [FG targets tougher rules to curb monopoly, market abuse in petroleum sector](https://www.thevaluechainng.com/fg-targets-tougher-rules-to-curb-monopoly-market-abuse-in-petroleum-sector/): According to the Punch Newspapers, the Federal Government has moved to strengthen competition in Nigeria’s midstream and downstream petroleum sector, with the Nigerian Midstream and Downstream Petroleum Regulatory Authority proposing sweeping rules to curb monopoly, tackle fuel price fixing, market sharing, abuse of dominance and discriminatory access to critical infrastructure. The proposed Midstream and Downstream
- [$5 billion swap deal raises questions despite Nigeria’s record $54.6 billion reserves](https://www.thevaluechainng.com/5-billion-swap-deal-raises-questions-despite-nigerias-record-54-6-billion-reserves/): There is a particular kind of quiet that settles over a shop in Balogun Market when the owner returns from the moneylender. Consider a textile trader who has just closed the best season of her working life. The lace is moving, the Ankara is moving, the customers from Cotonou have come back, and for the
- [NMDPRA unveils new rules in bid to curb monopoly, market abuse in petroleum sector](https://www.thevaluechainng.com/nmdpra-unveils-new-rules-in-bid-to-curb-monopoly-market-abuse-in-petroleum-sector/): The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled proposed regulations aimed at curbing monopoly, abuse of market dominance, collusion and other anti-competitive practices in Nigeria’s petroleum midstream and downstream sectors. The proposed “Midstream and Downstream Petroleum Prevention of Anti-Competitive Practices and Behaviour Regulations, 2026” are also designed to guarantee open and non-discriminatory
- [UNGA81: Tinubu calls for fresh push to end exploitation of Africa’s mineral resources](https://www.thevaluechainng.com/unga81-tinubu-calls-for-fresh-push-to-end-exploitation-of-africas-mineral-resources/): President Bola Tinubu has called for a fresh continental push to end the exploitation of Africa’s critical mineral resources. Tinubu, represented by Vice-President Kashim Shettima, made the call at the third Africa Minerals Strategy Group (AMSG) High-level Roundtable on Critical Minerals Development in Africa. The roundtable held on the sidelines of the ongoing 81st Session
- [Oil rises amid worries of growing Iran-US tensions after Bessent issues Iranian airline shutdown warning](https://www.thevaluechainng.com/oil-rises-amid-worries-of-growing-iran-us-tensions-after-bessent-issues-iranian-airline-shutdown-warning/): Oil rose Tuesday amid concerns of growing Iran-U.S. tensions, after U.S. Treasury Secretary Scott Bessent told CNBC that all Iranian airlines will be shut down from Wednesday. Futures for international benchmark Brent crude for November delivery gained 1.36% at $101.70 a barrel as of 3:00 a.m. ET. U.S. West Texas Intermediate futures for October advanced 1.71% at $97.42
- [Lokpobiri: Nigeria’s oil industry value retention hits 60%](https://www.thevaluechainng.com/lokpobiri-nigerias-oil-industry-value-retention-hits-60/): Participation of Nigerians in the country’s oil and gas industry and value retention has hit 60 per cent, the Minister of State Petroleum Resources (Oil) Senator Heineken Lokpobiri disclosed in Abuja Monday during a courtesy call by of the Minister of Petroleum, Republic of Congo, Stev Simplice Onanga and his delegation. The team came to
- [Dangote Says Refinery Was Key to Ending Nigeria’s $10 Billion Fuel Subsidy Burden](https://www.thevaluechainng.com/dangote-says-refinery-was-key-to-ending-nigerias-10-billion-fuel-subsidy-burden/): Aliko Dangote said abandoning his refinery was never a viable option because the project was intended to help Nigeria end fuel-subsidy costs of about $10 billion a year. The Dangote Group president said the facility also had to overcome entrenched interests in the country’s oil industry. Key takeaways Nigeria’s fuel subsidies were costing roughly $10
- [DR Congo Delegation Begins Study Tour Of NCDMB’s Local Content Model](https://www.thevaluechainng.com/dr-congo-delegation-begins-study-tour-of-ncdmbs-local-content-model/): A high-level delegation from the Democratic Republic of Congo (DRC), led by Minister of Hydrocarbons, His Excellency, Simplice Stev Onanga has arrived in Nigeria to understudy the Nigerian Content Development and Monitoring Board’s acclaimed local content framework for the oil and gas industry. According to a statement by Obinna Ezeobi, PhD, who is the General
- [One Engineer Told Yar'adua That Those Refineries Were Given To Us For Free, We Paid $750m -  Dangote](https://www.thevaluechainng.com/one-engineer-told-yaradua-that-those-refineries-were-given-to-us-for-free-we-paid-750m-dangote/): Aliko Dangote has recalled how the sale of three Nigerian refineries to his group was cancelled during the administration of the late President Umaru Musa Yar'adua. Speaking during an interview on Al Jazeera English, Dangote said his group bought the three refineries during former President Olusegun Obasanjo’s administration for $750 million. He explained that the
- [JUST IN: Nigeria hits 5,330MW generation peak](https://www.thevaluechainng.com/just-in-nigeria-hits-5330mw-generation-peak/): …No immediate plans for electricity tariff hike, says minister The Nigerian Electricity Supply Industry (NESI) hit a new generation peak of 5,330MW during August and September. The Minister of Power, Mr Joseph Tegbe, shared the news in his 100-day scorecard to reporters in Abuja on Monday. He also disclosed that transmission has been over 5,000
- [Diesel Prices Hit Record $6 Per Gallon — It Could Worsen Inflation](https://www.thevaluechainng.com/diesel-prices-hit-record-6-per-gallon-it-could-worsen-inflation/): Topline Diesel prices in the U.S. rose above $6 per gallon for the first time ever early on Friday, raising fears of more inflation, after renewed fighting between the U.S. and Iran earlier this week pushed both global and U.S. crude oil prices above $100 per barrel once again. Key Facts According to the national
- [Middle East War: Oil prices drop to their lowest in 10 days](https://www.thevaluechainng.com/middle-east-war-oil-prices-drop-to-their-lowest-in-10-days/): Oil prices dropped to their lowest in 11 days on Monday, as investors hoped to see diplomatic progress on the Iran war with the UN meeting this week, as well as a partial recovery from shipments in Saudi Arabia. On Monday, Both Brent Crude and US west Texas hit their lowest since September 10, approaching
- [Nigeria Hopes To Activate First Batch Of 500 CNG Stations By October End](https://www.thevaluechainng.com/nigeria-hopes-to-activate-first-batch-of-500-cng-stations-by-october-end/): Nigeria is hoping to activate the first batch of 500 Compressed Natural Gas (CNG) refuelling stations by the end of October 2026 as it expands infrastructure for CNG-powered transportation across Nigeria. According to the Executive Chairman of the Presidential Compressed Natural Gas Initiative (PCNGI), Ismael Ahmed, the first 500 stations had already been ordered. Also,
- [Nigeria’s wavy fuel prices and deepening cost-of-living crisis](https://www.thevaluechainng.com/nigerias-wavy-fuel-prices-and-deepening-cost-of-living-crisis/): The continuous wavy movement of the price of premium motor spirit (PMS) has come to be one of the most disrupting and distorting trends in the three-year economic reform efforts of the President Bola Ahmed Tinubu administration. Starting from 29 May 2023, when Tinubu announced the removal of fuel subsidy, the movement of the price
- [Why 2026 capital budget may not be implemented this year](https://www.thevaluechainng.com/why-2026-capital-budget-may-not-be-implemented-this-year/): ***To be merged with 2027 budget, as 2024/25 outstanding remains huge ***FG to request 3rd extension for implementation of 2024/25 budget***MDAs lament non-release of funds There are indications that the Federal Government’s (FG) capital budget for 2026 may record zero implementation at the end of the fiscal year, forcing further extensions across multiple fiscal years.
- [Three years on: Tracking CBN’s reforms and results under Cardoso](https://www.thevaluechainng.com/three-years-on-tracking-cbns-reforms-and-results-under-cardoso/): Since assuming office as Governor of the Central Bank of Nigeria on 22 September 2023, Olayemi Cardoso has steered the institution through one of the most consequential periods of reform in its recent history. The mandate was clear: restore credibility, rebuild buffers, strengthen the banking system, deepen market transparency, and modernise the payments and financial
- [Government Purchases: 24 MDAs Fail To Produce Delivery Records](https://www.thevaluechainng.com/government-purchases-24-mdas-fail-to-produce-delivery-records/): Twenty-four ministries, departments and agencies (MDAs) spent a combined N135.37 billion on store items in 2024 without evidence that the goods were received or entered in the relevant store ledgers, according to findings highlight­ed by the Socio-Economic Rights and Accountability Project (SERAP) from the Auditor-General for the Federa­tion’s 2024 report. The audit finding raises concerns
- [FG, marketers tasked on usage of existing nation’s depots to streamline fuel distribution](https://www.thevaluechainng.com/fg-marketers-tasked-on-usage-of-existing-nations-depots-to-streamline-fuel-distribution/): In order to streamline fuel distribution and reduce the cost and logistical challenges associated with moving petrol and other refined products across Nigeria, former General Manager at the Nigerian National Petroleum Corporation (NNPC), Engr. Babajide Soyode, has called on the Federal Government to ensure that marketers acquire the existing 21 petroleum product and distribution depots across
- [Gastech 2026: Nigeria’s Gas Future in the New Equation of Energy Security, Capital and Prosperity](https://www.thevaluechainng.com/gastech-2026-nigerias-gas-future-in-the-new-equation-of-energy-security-capital-and-prosperity/): By Kunle Odusola-Stevenson, Media Analyst & Public Relations Expert, writing from Bangkok With an audience expected to exceed 50,000 and more than 800 exhibiting companies from across the global energy value chain, Gastech 2026 has made Bangkok a meeting point for the forces reshaping the energy economy: supply security, investment, infrastructure, technology and rapidly changing
- [One Month to Go: AEW 2026 Gears Up for Five Days of Deals, Dialogue and Energy Leadership](https://www.thevaluechainng.com/one-month-to-go-aew-2026-gears-up-for-five-days-of-deals-dialogue-and-energy-leadership/): The African Energy Week (AEW) 2026 Conference and Exhibition, Africa’s largest energy gathering taking place October 12-16, is preparing to bring the full spectrum of Africa’s energy industry to Cape Town. According to a statement by the organisers of the event, with just one month to go, the platform is gearing up to unlock a
- [NUPRC, Indonesia target energy deals ahead of 2026 licensing round](https://www.thevaluechainng.com/nuprc-indonesia-target-energy-deals-ahead-of-2026-licensing-round/): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has entered strategic investment talks with Indonesia as state-owned energy giant Pertamina sets its sights on Nigeria’s upcoming 2026 petroleum licensing round. The high-level bilateral meeting brought together Oritsemeyiwa Eyesan, NUPRC Commission Chief Executive, Arif Havas Oegroseno, Indonesia’s Vice Minister of Foreign Affairs, and Pertamina’s Vice President for Upstream
- [Tinubu Lists States Enjoying Reduced Transport Fares Under CNG Programme](https://www.thevaluechainng.com/tinubu-lists-states-enjoying-reduced-transport-fares-under-cng-programme/): President Bola Tinubu has listed several states where the deployment of Compressed Natural Gas (CNG) and electric vehicles has resulted in significant reductions in transportation fares. Tinubu, in a statement he personally signed on Saturday, said the reductions followed the Federal Government’s efforts to promote cheaper energy alternatives and directed all states to intensify preparations
- [NMDPRA Breaks Silence On Rising Petrol Prices, Cites PIA](https://www.thevaluechainng.com/nmdpra-breaks-silence-on-rising-petrol-prices-cites-pia/): The Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA), has explained that it does not determine the price Nigerians pay for petrol at filling stations. The clarification comes amid another increase in the pump price of Premium Motor Spirit (PMS), also known as fuel, with the regulator acknowledging the pressure rising fuel costs are putting on households,
- [Nigeria’s refined petroleum exports surge 148% YoY to $3.94 billion in Q2 2026](https://www.thevaluechainng.com/nigerias-refined-petroleum-exports-surge-148-yoy-to-3-94-billion-in-q2-2026/): Nigeria’s refined petroleum product exports rose to $3.94 billion in the second quarter of 2026, up 148% from $1.59 billion recorded in the corresponding period of 2025, as the country’s refining sector continued to expand. Copy With Full InsightValetax by Taboola Sponsored Links The figure also represents a 66.2% increase from the $2.37 billion recorded
- [Civil Servants Decry Hike In Petrol Pump Price, Transportation](https://www.thevaluechainng.com/civil-servants-decry-hike-in-petrol-pump-price-transportation/): Many civil servants in the Federal Capital Territory (FCT) say the increase in the pump price of petrol has raised transportation fares and put additional pressure on their livelihoods. The civil servants made this known in an interview with the News Agency of Nigeria (NAN) in Abuja on Friday. NAN reports that a litre of
- [Atiku Proposes Fuel Subsidy For Local Refiners To Reduce Fuel Prices](https://www.thevaluechainng.com/atiku-proposes-fuel-subsidy-for-local-refiners-to-reduce-fuel-prices/): News Investigators/ Former Vice-President, Atiku Abubakar and Presidential candidate of the African Democratic Congress (ADC), has proposed a transparent production subsidy for petroleum products refined in Nigeria to reduce pump prices. Mr Atiku, while addressing news conference on Friday in Abuja, said the subsidy, if implemented, would apply exclusively to petroleum products refined locally and
- [Oando Shareholders Approve Digital Assets Expansion, Cross-Border Listing](https://www.thevaluechainng.com/oando-shareholders-approve-digital-assets-expansion-cross-border-listing/): Shareholders of Oando Plc have approved an expansion of the energy company’s business scope into digital assets and authorised its board to pursue the listing of its shares on foreign stock exchanges. The approvals were among resolutions passed at Oando’s 47th Annual General Meeting held in Lagos on Thursday, September 17, 2026. Under an amendment
- [RMAFC reopens verification of disputed oil wells](https://www.thevaluechainng.com/rmafc-reopens-verification-of-disputed-oil-wells/): Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has reopened the verification of disputed and newly drilled oil and gas wells from 2017 to date, following complaints by states over the accuracy of well coordinates and their impact on revenue allocation. The Commission has also discarded the previous draft report on the exercise after receiving claims,
- ['Dangote Refinery IPO opens new era for capital market'](https://www.thevaluechainng.com/dangote-refinery-ipo-opens-new-era-for-capital-market/): Nigeria’s capital market is entering a new phase as the Dangote Petroleum Refinery and Petrochemicals FZE opens its ownership to retail and institutional investors through a N2.15 trillion initial public offering (IPO). The offer, which opened on September 14 and closes on October 13, comprises 4.1 billion ordinary shares at N525 each. The minimum subscription
- [Nigeria’s oil production nears 1.8m bpd as drilling rigs rise to over 60 — Lokpobiri](https://www.thevaluechainng.com/nigerias-oil-production-nears-1-8m-bpd-as-drilling-rigs-rise-to-over-60-lokpobiri/): Nigeria’s upstream petroleum sector is recording increased activity, with crude oil production approaching 1.8 million barrels per day, active drilling rigs rising from about 14 in 2023 to more than 60, and over $8 billion in major Final Investment Decisions (FIDs) recorded since President Bola Ahmed Tinubu assumed office. The Minister of State for Petroleum
- [FG, CBN Institutionalise Fiscal, Monetary Policy Coordination](https://www.thevaluechainng.com/fg-cbn-institutionalise-fiscal-monetary-policy-coordination/): The federal government and the Central Bank of Nigeria (CBN) have moved to institutionalise fiscal and monetary policy coordination with the signing of a Memorandum of Understanding (MoU) in Abuja. The agreement is designed to strengthen policy coordination, improve information and data sharing, and promote greater coherence in the management of the Nigerian economy. Speaking
- [Nigeria’s $400bn energy transition plan faces funding test](https://www.thevaluechainng.com/nigerias-400bn-energy-transition-plan-faces-funding-test/): Questions are mounting over Nigeria’s ability to mobilise and deploy the estimated $400 billion in additional investment required to achieve its 2060 net-zero target. For years, the national debate on energy transition has largely centred on the balance between continued exploitation of oil and gas and a rapid shift towards renewable energy. While some stakeholders
- [Electricity Crisis: 15 States Spent N3.47bn On Generator Maintenance In Six Months](https://www.thevaluechainng.com/electricity-crisis-15-states-spent-n3-47bn-on-generator-maintenance-in-six-months/): …Lagos, Jigawa Account For Highest Spending With N1.63bn …Borno Records Lowest Spending At N36.41m Fifteen state governments spent a combined N3.47bn on the maintenance of plants and generators in the first six months of 2026, highlighting the continued dependence of public institutions on alternative power sources amid Nigeria’s persistent electricity crisis. The expenditure was contained
- [Nigeria’s digital identity system strengthening access to Africa’s digital economy – Akume](https://www.thevaluechainng.com/nigerias-digital-identity-system-strengthening-access-to-africas-digital-economy-akume/): The Secretary to the Government of the Federation (SGF), Senator George Akume, Wednesday, said Nigeria’s expanding digital identity infrastructure is strengthening the country’s position in Africa’s digital economy and providing a trusted foundation for banking, telecommunications, social protection and cross-border trade. The SGF stated this at the National Day of Identity 2026, with the theme:
- [FG Signals New Borrowing Strategy With N850bn Bond Plan](https://www.thevaluechainng.com/fg-signals-new-borrowing-strategy-with-n850bn-bond-plan/): The Federal Government has quietly stepped up its reliance on non-competitive allotments in the domestic bond market, with the Debt Management Office (DMO) allocating a record N850 billion through the channel at its September auction, in what analysts see as a significant shift in the structure of government borrowing. Daily Independent findings from the auction
- [Pat Utomi Faults Tinubu’s Economic Policies, Says Nigerians Face Growing Hardship](https://www.thevaluechainng.com/pat-utomi-faults-tinubus-economic-policies-says-nigerians-face-growing-hardship/): According to a report by The Sun Nigeria on Thursday, September 17, 2026, renowned political economist, Professor Pat Utomi, has raised concerns about the economic direction of President Bola Tinubu’s administration, arguing that many Nigerians are yet to experience the improvements associated with the government’s reforms. Pat Utomi made his position known in a Facebook
- [NESG Explores Private Sector Partnerships To Strengthen Primary Healthcare](https://www.thevaluechainng.com/nesg-explores-private-sector-partnerships-to-strengthen-primary-healthcare/): The Nigerian Economic Summit Group (NESG), in collaboration with the Federal Ministry of Budget and Economic Planning, on Thursday, convened a pre-summit dialogue to explore how stronger private-sector partnerships can help strengthen Nigeria’s primary healthcare system and advance the country’s progress towards Universal Health Coverage (UHC). The virtual dialogue, with the theme: “Powering PHC to
- ["This Is Not An Import Subsidy, If You Do Not Refine In Nigeria, You Do Not Qualify–Atiku Abubakar](https://www.thevaluechainng.com/this-is-not-an-import-subsidy-if-you-do-not-refine-in-nigeria-you-do-not-qualify-atiku-abubakar/): According to a report by Punch on Thursday, September 17, 2026, former Vice President Atiku Abubakar has raised concerns over Nigeria’s worsening child malnutrition crisis, linking the situation to rising food, transportation and energy costs and warning that increasing economic pressure is affecting the ability of families to provide adequate nutrition for their children. Atiku
- [Tinubu Govt To Remove Subsidy On Electricity Next Year](https://www.thevaluechainng.com/tinubu-govt-to-remove-subsidy-on-electricity-next-year/): ...Powe Minister says the policy would take effect in 2027 President Bola Tinubu’s government is set to remove electricity subsidy. The plan will see Nigerians pay more for electricity. Minister of Power, Joseph Tegbe, at the inauguration of a 3-megawatt solar hybrid power project at the Yakubu Gowon University, on Wednesday, said the Tinubu administration
- [FROM INDEPENDENT OPERATORS TO COMPETITIVE VALUE CREATORS](https://www.thevaluechainng.com/from-independent-operators-to-competitive-value-creators/): PRESS COMMENTARY By Wumi Iledare, Executive Director, Emmanuel Egbogah Foundation, Abuja The 15th Emmanuel Egbogah Legacy Lecture Series has concluded with a strong and timely message for Nigeria’s petroleum industry: the next phase of growth for indigenous and independent oil and gas operators must be built around collaboration, consolidation for scale, and deliberate human capital
- [Don’t Sell Your House To Buy Dangote Shares, Emir Sanusi Tells Investors](https://www.thevaluechainng.com/dont-sell-your-house-to-buy-dangote-shares-emir-sanusi-tells-investors/): According to The Times Nigeria, Emir Muhammadu Sanusi II has advised Nigerians interested in investing in Dangote Refinery shares to be cautious and invest only money they can afford to lose. Sanusi gave the advice while speaking about the Dangote Refinery initial public offering (IPO), urging prospective investors not to put essential family funds into
- [Economic reforms, external pressures fueling Nigeria’s cost-of-living crisis – Bagudu](https://www.thevaluechainng.com/economic-reforms-external-pressures-fueling-nigerias-cost-of-living-crisis-bagudu/): Abubakar Bagudu, Nigeria’s Minister of State for Budget and Economic planning, has attributed the high ost of living crisis in the country to the series of economic reforms introduced by the Tinubu- led administration along with international economic pressures. Bagudu, stated this while addressing the ‘Federal Appointees Strategic Summit’ on Wednesday. According to him, the
- [Aradel, Seplat, Oando build N2.86 trillion cash war chest for post-acquisition growth](https://www.thevaluechainng.com/aradel-seplat-oando-build-n2-86-trillion-cash-war-chest-for-post-acquisition-growth/): Aradel Holdings, Seplat Energy and Oando Plc built a combined N2.86 trillion cash war chest in the first half of 2026, providing substantial liquidity to support post-acquisition growth and higher production. Financial statements reviewed by Nairametrics Research show that Aradel, Seplat and Oando ended H1 2026 with cash and cash equivalents of N1.72 trillion, N598.35
- [Federal Govt Begins Review of Tax Laws, Sets 6-Week Deadline For Panel](https://www.thevaluechainng.com/federal-govt-begins-review-of-tax-laws-sets-6-week-deadline-for-panel/): The federal government has commenced a fresh review of Nigeria’s tax laws and regulations, with the Technical Subcommittee on Fiscal Policy and Tax Reforms given six weeks to submit its recommendations. The minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, inaugurated the subcommittee in Abuja on Thursday as part of efforts to
- [Fuel Could Hit N5,000 Per Litre If Tinubu Wins 2027 — SDP's Adebayo Warns](https://www.thevaluechainng.com/fuel-could-hit-n5000-per-litre-if-tinubu-wins-2027-sdps-adebayo-warns/): According to a report by The Daily Post on Wednesday, September 16, 2026, Social Democratic Party presidential candidate, Adewole Adebayo, has warned that petrol prices could climb as high as N5,000 per litre should President Bola Tinubu win a second term in the 2027 general elections. The warning was contained in a statement issued on
- [More hardship for Nigerians as gas hits N1,500/kg](https://www.thevaluechainng.com/more-hardship-for-nigerians-as-gas-hits-n1500-kg/): Nigerians are facing fresh pressure on household energy costs as the price of cooking gas has increased by 25 per cent, rising from N1,200 to N1,500 per kilogramme. The latest increase comes amid a further rise in the price of Automotive Gas Oil (AGO), popularly known as diesel, with the commodity selling for as much
- [NLC says FG making $40 per barrel above $75 benchmark, bemoans rising fuel prices](https://www.thevaluechainng.com/nlc-says-fg-making-40-per-barrel-above-75-benchmark-bemoans-rising-fuel-prices/): … Calls for wage award to cushion the effect on workers … Describes crude imports by local refineries as unacceptable The Nigeria Labour Congress (NLC) has revealed that the federal government is currently earning about $40 per barrel from crude oil sales, below the $75 per barrel approved benchmark under the 2026 budget. This is
- [NCDMB Hosts 5th Edition of Book Reading Programme, Tasks Nigerians on Culture of Learning](https://www.thevaluechainng.com/ncdmb-hosts-5th-edition-of-book-reading-programme-tasks-nigerians-on-culture-of-learning/): It was a celebration of literary culture and journalistic excellence at the Conference Centre of the Nigerian Content Tower (NCT), Swali, Yenagoa, on Tuesday, as leading lights of the Association of Nigerian Authors (ANA), Bayelsa State Chapter, their counterparts of the Nigerian Institute of Public Relations (NIPR) and Nigeria Union of Journalists (NUJ), as well
- [NMDPRA targets $10bn gas investments through de-risking](https://www.thevaluechainng.com/nmdpra-targets-10bn-gas-investments-through-de-risking/): The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, is targeting up to $10 billion in gas investments through its Midstream and Downstream Gas Infrastructure Fund, MDGIF, which has deployed about $300 million to de-risk projects and attract private capital. The Chief Executive of NMDPRA, Mallam Rabiu Abdullahi Umar, disclosed this on Wednesday during a
- [I was wrong to delay telcos’ entry into financial services – Sanusi](https://www.thevaluechainng.com/i-was-wrong-to-delay-telcos-entry-into-financial-services-sanusi/): …Says banks lack footprint to reach millions; fintechs are bridging the gap …Financial inclusion must protect Nigerians from shocks, not just move money …Calls for financial products built around Nigerians’ everyday transactions Sanusi Lamido Sanusi, former governor of the Central Bank of Nigeria (CBN), has admitted that he was wrong to delay the entry of
- [Fitch Flags Debt, Liquidity Risks in Nigeria’s Proposed $5bn Total Return Swap Deal](https://www.thevaluechainng.com/fitch-flags-debt-liquidity-risks-in-nigerias-proposed-5bn-total-return-swap-deal/): Fitch Ratings has warned that Nigeria’s proposed $5 billion Total Return Swap (TRS) could create significant risks for the country’s debt management, liquidity position and potential future debt restructuring. The warning was contained in Fitch’s latest special report, Sovereign Total Return Swaps and Repo Transactions: Q&A 2026, published on September 14. The rating agency said
- [Tinubu okays economic free trade zone in Anambra](https://www.thevaluechainng.com/tinubu-okays-economic-free-trade-zone-in-anambra/): President Bola Tinubu has graciously approved the Economic Free Trade Zone in Anambra State to drive the economy as announced by the state government. This was disclosed yesterday at the Hollywood event center in Awka, Anambra state during the stakeholders seminar , organized by the Importers Association of Nigeria (IMAN) The stakeholders sensitization seminar, with
- [Union threatens strike over use of petroleum tankers for edible oil](https://www.thevaluechainng.com/union-threatens-strike-over-use-of-petroleum-tankers-for-edible-oil/): The National Union of Edible Oil Tanker Drivers of Nigeria (NUEOTDN) has threatened to embark on strike over the growing use of petroleum tankers to transport edible oil. It warned that residue from such tankers exposes consumers to toxic chemicals, DNA damage, organ failure, and cancer risk. In a statement by its President, Ilias Aperun,
- [OPEC Sees Jet Fuel, LPG, Diesel Driving Global Oil Demand Growth To 2050](https://www.thevaluechainng.com/opec-sees-jet-fuel-lpg-diesel-driving-global-oil-demand-growth-to-2050/): Global oil demand growth through 2050 is expected to be driven largely by light and middle distillates, with jet fuel, LPG, diesel and other products account­ing for the bulk of the projected increase, the Organisation of the Petroleum Ex­porting Countries (OPEC) has said. OPEC disclosed this in a public no­tice posted on its official X
- [UK: Inflation increases to 3.1% after spike in petrol prices](https://www.thevaluechainng.com/uk-inflation-increases-to-3-1-after-spike-in-petrol-prices/): Surging fuel prices helped drive UK inflation higher again last month, according to official figures. The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation increased to 3.1% in August, compared with 2.9% in July. The uptick was in line with predictions from economists and points to an upward trajectory for inflation since
- [Fitch warns Nigeria’s $5 billion TRS debt restructuring raises debt, liquidity risks](https://www.thevaluechainng.com/fitch-warns-nigerias-5-billion-trs-debt-restructuring-raises-debt-liquidity-risks/): Fitch Ratings has raised concerns over Nigeria’s use of Total Return Swaps (TRS) and repo transactions as alternative financing tools, warning that the structures could create transparency, liquidity, and creditor-recovery risks despite helping governments diversify funding sources. The concerns were outlined in a special report published on September 14, 2026, titled “Sovereign Total Return Swaps
- [Middle East: UK Inflation Expected To Rise](https://www.thevaluechainng.com/middle-east-uk-inflation-expected-to-rise/): Experts forecast inflation will rise as the UK continues to be hit by the economic consequences of the Iran war. The consumer prices index (CPI) rose by 2.9% in the 12 months to July 2026, the latest month for which there is data. The Bank of England will announce its latest interest rates decision on
- [Nigeria’s 15.39% Inflation Raises Interest Rate Cut Hopes](https://www.thevaluechainng.com/nigerias-15-39-inflation-raises-interest-rate-cut-hopes/): Headline inflation rate moderated marginally to 15.39 per cent year-on-year in August 2026, down from 15.43 per cent recorded in July, improving the case for the Central Bank of Nigeria (CBN) to resume easing of interest rates. The latest figure represents a four basis points decline in the headline inflation rate, according to data contained
- [Nigeria’s inflation slips to 15.39% as food price growth moderates](https://www.thevaluechainng.com/nigerias-inflation-slips-to-15-39-as-food-price-growth-moderates/): Nigeria’s headline inflation rate declined marginally to 15.39 per cent in August 2026, with a sharp slowdown in food price increases helping to ease overall inflationary pressure during the month. The latest figure was contained in the Consumer Price Index report for August 2026 released by the National Bureau of Statistics on Monday. According to
- [Dangote Says Male Heir Not a Priority, Backs Daughters to Lead Business Empire](https://www.thevaluechainng.com/dangote-says-male-heir-not-a-priority-backs-daughters-to-lead-business-empire/): The Chairman of Dangote Group, Aliko Dangote, says having a male heir to inherit his business empire is not a priority. Dangote, who spoke in an interview with ARISE News on Tuesday, said any of his three daughters could eventually take charge of the conglomerate. He said he had been closely observing their development and
- [Nigerians react as petrol price hits N1,500](https://www.thevaluechainng.com/nigerians-react-as-petrol-price-hits-n1500/): Several Nigerians have taken to social media to express outrage over the latest petrol price increase, with the cost reaching N1,500 per litre at some filling stations. This development followed an upward review of the ex-gantry price of petrol by the Dangote Petroleum Refinery, which raised the price from N1,265 to N1,350 per litre. The
- [Oil prices rise as Hormuz talks delayed, Saudi pipeline shut](https://www.thevaluechainng.com/oil-prices-rise-as-hormuz-talks-delayed-saudi-pipeline-shut/): Brent crude rises nearly three per cent to $107.60 per barrel. Talks involving Iran and Gulf states on the Strait of Hormuz have been postponed. Saudi Arabia suspends operations on its East West oil pipeline following drone attacks. Brent has gained nearly 80 per cent since the start of the year. Oil prices moved higher
- [Dangote IPO rush exposes digital capacity gaps as Bamboo login fails](https://www.thevaluechainng.com/dangote-ipo-rush-exposes-digital-capacity-gaps-as-bamboo-login-fails/): The unprecedented rush by retail investors to subscribe to the N2.15 trillion Dangote Refinery and Petrochemicals FZE public offer has exposed capacity challenges among Nigeria’s digital investment platforms, after Bamboo experienced login disruptions on Monday. Several prospective investors reportedly struggled to access their accounts as traffic surged on the platform following the opening of the
- [Why I Don’t Want To Be Called Africa’s Richest Man Again — Dangote](https://www.thevaluechainng.com/why-i-dont-want-to-be-called-africas-richest-man-again-dangote/): President of Dangote Industries Limited, Aliko Dangote, has revealed why he no longer wants to be referred to as the richest man in Africa, saying he would rather be known as the “wealthiest man” who creates wealth for others. Dangote made the revelation while sounding the gong at the Nigerian Exchange to formally launch the
- [Nigeria wants to join the trillion-dollar club by 2030 — But can it get there on 144 kwh and generators?](https://www.thevaluechainng.com/nigeria-wants-to-join-the-trillion-dollar-club-by-2030-but-can-it-get-there-on-144-kwh-and-generators/): The uncomfortable economics of trying to build a bigger economy on an energy system that still struggles to power the one we have. Nigeria has set itself a remarkable economic target: to become a $1 trillion economy by 2030. The ambition is embedded in the government’s Renewed Hope Development Plan for 2026–2030, endorsed by the
- [NUPRC, Oil Firms Reach 5,250 Bille Residents With Medical Aid](https://www.thevaluechainng.com/nuprc-oil-firms-reach-5250-bille-residents-with-medical-aid/): The Federal Government has stepped up its humanitarian response to the prolonged gas seepage in Bille Community, Rivers State, with the Nigerian Up­stream Petroleum Regulatory Com­mission (NUPRC) mobilising major oil industry groups for a six-day medical outreach that reached 5,250 residents. The latest intervention, involv­ing the Oil Producers Trade Section (OPTS), Independent Petroleum Producers Group
- [Local Refining: Can Nigeria Finally Break The Petrol Import Cycle?](https://www.thevaluechainng.com/local-refining-can-nigeria-finally-break-the-petrol-import-cycle/): For decades, Nigeria’s paradox in the petro­leum sector was difficult to explain: a major crude oil producer that routinely depend­ed on imported petrol to keep its economy moving. That contradiction is now being challenged by the emergence of large-scale domestic refining, particularly the Dangote Petroleum Refinery, but the latest call by the Independent Petroleum Marketers
- [NIPSS SEC 48 Examines Defence Role in Nigeria’s Orange Economy](https://www.thevaluechainng.com/nipss-sec-48-examines-defence-role-in-nigerias-orange-economy/): The Senior Executive Course 48 (SEC 48) participants of the National Institute for Policy and Strategic Studies (NIPSS), Kuru, Plateau State, have examined the role of the Ministry of Defence in strengthening Nigeria’s creative economy and promoting sustainable national development. The issue was the focus of a lecture delivered on Monday as part of the
- [11 Years After Exit, Nigeria Re-Enters   JPMorgan’s $328bn Emerging Markets Index](https://www.thevaluechainng.com/11-years-after-exit-nigeria-re-enters-jpmorgans-328bn-emerging-markets-index/): The federal government has announced that Nigeria is returning to a major JPMorgan emerging markets bond benchmark 11 years after its exit, with selected Federal Government of Nigeria bonds included in the newly introduced Government Bond Index Emerging Markets Edge. The development was announced by the Federal Ministry of Finance on Monday. JPMorgan, which manages
- [New: NNPC pledges to transform Nigeria into global gas hub](https://www.thevaluechainng.com/new-nnpc-pledges-to-transform-nigeria-into-global-gas-hub/): The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reiterated its commitment to activate multiple pathways aimed at transforming Nigeria into a global gas hub. NNPC Ltd.’s Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye disclosed this on Monday, while speaking at the 2026 Gas Technology & Exhibition Conference (GASTECH), taking place in
- [Nigeria, India target $15bn trade as Modi seeks renewed crude purchases](https://www.thevaluechainng.com/nigeria-india-target-15bn-trade-as-modi-seeks-renewed-crude-purchases/): … Shettima seeks investment in pharmaceuticals, defence, digital technology …Countries eye deeper ties in fintech, renewable energy, creative industries Nigeria and India have moved to rebuild their bilateral trade towards the $15 billion mark, with Indian Prime Minister Narendra Modi seeking renewed purchases of Nigerian crude oil as both countries pursue deeper economic and investment
- [Why Petrol Is Still Expensive Though Nigeria Produces Crude, Has Dangote Refinery](https://www.thevaluechainng.com/why-petrol-is-still-expensive-though-nigeria-produces-crude-has-dangote-refinery/): Nigeria has the oil. Nigeria now has one of the world’s biggest refineries. So why does filling your car still feel like a luxury? That question is understandable — but the answer goes beyond simply having crude oil in the ground or a refinery operating in Lagos. Nigeria’s petroleum market has changed dramatically with the
- [DMO Borrowed N54.6trn Without Budgetary Approval — Auditor-General](https://www.thevaluechainng.com/dmo-borrowed-n54-6trn-without-budgetary-approval-auditor-general/): The Debt Management Office (DMO) exceeded the approved borrowing for the country by N54.57 trillion between 2020 and 2024, contracting new domestic and external debt issues totalling N88.67 trillion, the Auditor General for the Federation has reported. The office of the Auditor General in its annual report on non-compliance/internal control weaknesses in ministries, departments and
- [Nigeria Should Price Domestic Crude At Production Cost, Says Donald Duke](https://www.thevaluechainng.com/nigeria-should-price-domestic-crude-at-production-cost-says-donald-duke/): Former Cross River state governor and presidential candidate of the Peoples Redemption Party (PRP), Donald Duke, has said Nigeria should supply crude oil for domestic refining at its production cost, rather than its international market price. He stated that the proceeds from diesel, aviation fuel, kerosene, and other by-products would reduce petrol costs. He spoke
- [Dangote IPO sparks record app race for 10 million investors](https://www.thevaluechainng.com/dangote-ipo-sparks-record-app-race-for-10-million-investors/): The Dangote Petroleum Refinery and Petrochemical initial public offering (IPO) has triggered an unprecedented digital race among Nigerian stockbrokers, banks and fintech companies seeking to participate in what could become the country’s largest retail-driven share sale. Sources familiar with the transaction told Nairametrics that the unusually large number of participating platforms was driven by Aliko
- [FG Gives MDAs Deadline for 2027 Budget Submissions](https://www.thevaluechainng.com/fg-gives-mdas-deadline-for-2027-budget-submissions/): The Federal Government has fixed September 18, 2026, as the deadline for ministries, departments and agencies to submit their personnel cost proposals for the 2027 budget. The directive is part of the government’s plan to present the 2027 Appropriation Bill to the National Assembly in September and improve the country’s budget cycle. Politics Nigeria gathered
- [Iledare urges FG to avoid blanket petrol subsidies](https://www.thevaluechainng.com/iledare-urges-fg-to-avoid-blanket-petrol-subsidies/): A petroleum economist, Prof. Wumi Iledare, has urged the Federal Government to resist returning to blanket petrol subsidies as rising crude prices push up domestic pump prices. Iledare, a Professor Emeritus of Petroleum Economics, gave the advice in an interview with the news reporters on Saturday in Lagos. Newsmen report that Dangote Petroleum Refinery on
- [African Energy Week Remains a Forum for Investment, Dialogue and Continental Growth](https://www.thevaluechainng.com/african-energy-week-remains-a-forum-for-investment-dialogue-and-continental-growth/): Ahead of African Energy Week (AEW) 2026 in Cape Town, the African Energy Chamber is calling on continental leaders to safeguard cross-border investment, streamline visa-free travel while prioritizing economic sovereignty over diplomatic division. AEW stands today as the largest and Africa’s most consequential platforms for investment, financing, and practical cooperation in energy. Taking place in
- [President Obasanjo Ordered NNPC To Pay Full International Price For Refinery Crude – Otega Ogra](https://www.thevaluechainng.com/president-obasanjo-ordered-nnpc-to-pay-full-international-price-for-refinery-crude-otega-ogra/): Otega Ogra, Senior Special Assistant to President Bola Tinubu on Digital and New Media, has questioned former Vice-President Atiku Abubakar’s proposal to introduce a production subsidy for crude oil supplied to local refineries. According to a report published by The Sun on Saturday, September 12, 2026, Ogra argued that a similar policy had previously been
- [Business confidence expected to hit 36.1 points by February 2027 — CBN survey](https://www.thevaluechainng.com/business-confidence-expected-to-hit-36-1-points-by-february-2027-cbn-survey/): Business confidence among formal-sector enterprises is expected to strengthen significantly over the next six months, reaching 36.1 index points by February 2027. This is according to the Central Bank of Nigeria’s (CBN) Business Expectation Survey. The projection follows an improvement in the Business Confidence Index (BCI), which rose to 14.8 points in August 2026 from
- [BRICS Summit: Joint declaration would be an amazing achievement - JNU Professor Rajan Kumar](https://www.thevaluechainng.com/brics-summit-joint-declaration-would-be-an-amazing-achievement-jnu-professor-rajan-kumar/): A joint declaration at the BRICS Summit would be an “amazing achievement” as leaders of the member countries are already in Delhi, said Rajan Kumar, Professor at the School of International Studies, Jawaharlal Nehru University. Speaking to ANI, Kumar said, “A joint declaration would be an amazing achievement because all the leaders are already here,
- [Nigerians earning below N70,000 feel inflation hardest, CBN survey shows](https://www.thevaluechainng.com/nigerians-earning-below-n70000-feel-inflation-hardest-cbn-survey-shows/): About 68.4% of Nigerians earning below N70,000 perceived inflation as high in August 2026, the highest level recorded across the income categories surveyed by the Central Bank of Nigeria (CBN). The figure compares with 30.8% among households earning above N450,000, highlighting a wide disparity in how Nigerians across income groups experienced and perceived inflation during
- [US reduces daily air defence protection time for Oil tankers travelling through Strait of Hormuz](https://www.thevaluechainng.com/us-reduces-daily-air-defence-protection-time-for-oil-tankers-travelling-through-strait-of-hormuz/): According to a report by Times of Israel on Saturday September 12, 2026, the United States has reportedly reduced the number of daily time periods during which it provides air defense protection to oil tankers travelling through the Strait of Hormuz, according to the Financial Times. The newspaper cited emails circulated by the US Maritime
- [Dangote Refinery Raises Petrol Price to N1,350/Litre](https://www.thevaluechainng.com/dangote-refinery-raises-petrol-price-to-n1350-litre/): Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) gantry price by N85 per litre, raising the wholesale price from N1,265 to N1,350 per litre and fuelling fresh concerns over another round of petrol price increases across the country. According to Petroleumprice.ng, the latest adjustment represents a 6.7 per cent increase and comes amid
- [Group Accuses Tinubu Govt Of Shifting Economic Burden To Workers, Poor Nigerians](https://www.thevaluechainng.com/group-accuses-tinubu-govt-of-shifting-economic-burden-to-workers-poor-nigerians/): The organisation argued that millions of Nigerians produce the country's wealth through their labour, but the benefits remain concentrated in the hands of a small political and economic elite. The Centre for Human Rights and Social Advancement (CEFSAN) has decried worsening economic hardship in Nigeria under President Bola Ahmed Tinubu administration, accusing the Federal Government
- [Government reform efforts yet to translate into improved SOEs financial performance – IMF](https://www.thevaluechainng.com/government-reform-efforts-yet-to-translate-into-improved-soes-financial-performance-imf/): The International Monetary Fund has stated that the significant reform efforts by the government over the past decade have not yet translated into improved State-Owned Enterprises (SOEs) financial performance, pointing to persistent structural weaknesses. According to the Fund, the energy and commodity-sector SOEs remain the principal sources of financial strain, with arrears accumulation, liquidity constraints,
- [Oil prices fall sharply after double-digit weekly gains above $100](https://www.thevaluechainng.com/oil-prices-fall-sharply-after-double-digit-weekly-gains-above-100/): Oil prices retreated on Friday, but remained on track for a weekly gain of almost 10% after soaring above $100 a barrel for the first time in months. As of 6:27 a.m. ET, front-month Brent crude oil futures, the global benchmark, were down by 3.58% to trade at $103.78 a barrel. West Texas Intermediate futures, their U.S. counterpart,
- [NMDPRA, NIS, laud NNPC for smart station, self-service facility](https://www.thevaluechainng.com/nmdpra-nis-laud-nnpc-for-smart-station-self-service-facility/): The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigeria Immigration Service (NIS) have commended the NNPC Retail Ltd. for introducing a smart station integrating self-service fuelling. Mr Rabiu Umar, Authority Chief Executive, NMDPRA and Kemi Nandap, Comptroller-General, Nigeria Immigration Service (NIS) gave the commendation at the commissioning of the facility, on Thursday
- [CBN injects $151 million into Forex market](https://www.thevaluechainng.com/cbn-injects-151-million-into-forex-market/): Key Points CBN sells $151 million into the foreign exchange market at rates between ₦1,322.71 and ₦1,331.50 per dollar Naira appreciates 0.45% at the official window to ₦1,328 per dollar CardinalStone reports the naira weakened 0.36% at the parallel market to ₦1,395 per dollar The Central Bank of Nigeria (CBN) injected $151 million into the
- [Tribunal Orders Institute To Pay NRS N2bn Assessment Tax](https://www.thevaluechainng.com/tribunal-orders-institute-to-pay-nrs-n2bn-assessment-tax/): The Tax Appeal Tribunal on Thursday in Abuja ordered the Cement Technology Institute of Nigeria (CTIN) to pay the Nigeria Revenue Service (NRS) known before as( FIRS) assessment tax of N2 billion. The five-member panel gave the order in its judgment on Appeal marked TAT/ABJ/332/2023 filed by the Institute made this order The members of
- [No Nigerian Airline made $1million Profit In 2025 – Allen Onyema](https://www.thevaluechainng.com/no-nigerian-airline-made-1million-profit-in-2025-allen-onyema/): No Nigerian airline made $1 million in profit in 2025, according to Air Peace CEO Allen Onyema, who said high operating costs continue to leave local carriers with thin profit margins. Onyema made this known while delivering the keynote address at the 30th annual conference of the League of Airport and Aviation Correspondents (LAAC) in
- [Nigeria, Other African Countries Get €108m Investment From EIB](https://www.thevaluechainng.com/nigeria-other-african-countries-get-e108m-investment-from-eib/): Nigeria and other African countries have benefited from €108 million invested through the European Investment Bank’s (EIB) Boost Africa initiative over the past 10 years. European Union Ambassador to Nigeria and ECOWAS, Gautier Mignot, disclosed this on Wednesday at a media briefing in Abuja. According to Mignot, the initiative has also attracted nearly €400 million
- [Nigeria To Deepen Economic Ties At BRICS Summit In India](https://www.thevaluechainng.com/nigeria-to-deepen-economic-ties-at-brics-summit-in-india/): Nigeria is set to deepen bilateral relations with key international partners as world leaders gather in New Delhi, India, for the 18th BRICS Leaders’ Summit. Vice President Kashim Shettima will represent President Bola Ahmed Tinubu at the summit scheduled for this weekend at Bharat Mandapam in New Delhi. Vice President Kashim Shettima will represent President
- [Nigeria’s crude output falls for second straight months to 5,000bpd](https://www.thevaluechainng.com/nigerias-crude-output-falls-for-second-straight-months-to-5000bpd/): Nigeria’s crude oil production fell by 5,000 barrels per day (bpd) in August 2026, extending a two-month decline in output reported directly by the country to the Organisation of the Petroleum Exporting Countries (OPEC). According to OPEC’s September 2026 Monthly Oil Market Report, Nigeria’s crude production averaged 1.50 million barrels per day (mbpd) in August,
- [Dangote Refinery IPO: Global Leaders Rally Behind Plan To Democratise Africa’s Industrial Wealth](https://www.thevaluechainng.com/dangote-refinery-ipo-global-leaders-rally-behind-plan-to-democratise-africas-industrial-wealth/): The proposed initial public offering of Dangote Petroleum Refinery and Petrochemicals has drawn strong backing from prominent African and international leaders, who say opening the industrial giant to wider ownership could mark a new phase in African wealth creation, industrialisation and economic sovereignty. The leaders, speaking at the 2026 ADF Africa Diaspora Leadership Programme Young
- [Breaking: NNPC Introduces Self-Service Fueling at Selected Stations, Nigerians Get Faster Way to Buy Petrol](https://www.thevaluechainng.com/breaking-nnpc-introduces-self-service-fueling-at-selected-stations-nigerians-get-faster-way-to-buy-petrol/): A new self-service fueling system at selected NNPC Retail stations is offering Nigerian motorists a more convenient way to buy petrol, allowing customers to complete payments digitally and fuel their vehicles directly at the pump. Read original The initiative uses the NR Fuel App, through which customers can make digital payments, receive a code and
- [Angola Sets 2050 Oil and Gas Strategy as Africa Energy Bank Targets November Launch](https://www.thevaluechainng.com/angola-sets-2050-oil-and-gas-strategy-as-africa-energy-bank-targets-november-launch/): Angola Oil & Gas 2026 opened with a focus on long-term hydrocarbon development, more than $70 billion in projected investment, Sonangol’s expanding operational role and downstream growth The Angola Oil & Gas (AOG) Conference and Exhibition opened in Luanda on Wednesday with Angola looking toward its next phase of oil and gas development, underpinned by
- [Greece, Cyprus, Egypt Push Ahead With Gas Route To Europe Bypassing Hormuz And Red Sea](https://www.thevaluechainng.com/greece-cyprus-egypt-push-ahead-with-gas-route-to-europe-bypassing-hormuz-and-red-sea/): Greece, Cyprus and Egypt are stepping up efforts to develop a major eastern Mediterranean energy corridor that could bring Cypriot natural gas to European markets while avoiding the Strait of Hormuz and the Red Sea. The proposed route would transport gas from Cyprus’ offshore Cronos field to Egypt by pipeline. The gas would then be
- [NAICOM Fires Back At NICON, Nigeria Re Over N100 Billion Fraud Claims](https://www.thevaluechainng.com/naicom-fires-back-at-nicon-nigeria-re-over-n100-billion-fraud-claims/): The National Insurance Commission (NAICOM) has accused the promoters of NICON Insurance Plc and Nigeria Reinsurance Corporation of sponsoring what it described as a false and malicious publication alleging fraud in the recently concluded insurance industry recapitalisation exercise. The commission made the allegation in a statement titled “Rejoinder to a False and Misleading Publication on
- [NNPC to roll out 70 smart energy stations nationwide](https://www.thevaluechainng.com/nnpc-to-roll-out-70-smart-energy-stations-nationwide/): The Nigerian National Petroleum Company Limited, NNPC Ltd., is set to introduce between 50 and 70 technology-driven energy stations across Nigeria within the next six months. The planned outlets will move beyond the conventional petrol station model by combining fuel dispensing with electric vehicle charging, liquefied petroleum gas, LPG, compressed natural gas, CNG, car wash
- [LEKOIL targets 100,000 barrels per day](https://www.thevaluechainng.com/lekoil-targets-100000-barrels-per-day/): LEKOIL Nigeria Limited has unveiled a fresh growth strategy aimed at building production capacity to 100,000 barrels of oil per day. The company revealed the aggressive drive at a recent Africa Oil Week 2026 in Accra, Ghana, where its leadership met with investors, policymakers, operators, and other industry stakeholders. The strategy will centre on moving
- [Nigeria, Cameroon Customs target lower cross-border trade](https://www.thevaluechainng.com/nigeria-cameroon-customs-target-lower-cross-border-trade/): Nigeria and Cameroon are moving to cut the cost and time of cross-border trade as the two nations’ customs administrations begin a joint assessment of the Mfum-Ekok One-Stop Border Post (OSBP), a move expected to improve cargo clearance and strengthen the flow of goods along the two countries’ trade corridor. The initiative, being driven by
- [NUPRC threatens sanctions for undeveloped flare gas sites](https://www.thevaluechainng.com/nuprc-threatens-sanctions-for-undeveloped-flare-gas-sites/): The Nigerian Upstream Petroleum Regulatory Commission has warned that companies awarded flare gas commercialisation sites risk losing their permits if they fail to make substantial progress in developing the assets within one year. The warning comes as Nigeria intensifies efforts to end routine gas flaring by 2030 and convert gas that would otherwise be burnt
- [7 Nigerian stocks that consistently pay higher dividends than fixed deposits](https://www.thevaluechainng.com/7-nigerian-stocks-that-consistently-pay-higher-dividends-than-fixed-deposits/): The typical associated investment ideas that come to mind when Nigerians think about investing are real estate, saving accounts, fixed deposits and businesses. Another way, though, is to invest in the Nigerian stock market, which allows investors to invest in listed firms and generate profits from dividends. Payments companies make to shareholders from their profits
- [CBN warns banks, fintechs over cyber attacks](https://www.thevaluechainng.com/cbn-warns-banks-fintechs-over-cyber-attacks/): The Central Bank of Nigeria (CBN), has warned banks, fintech companies, payment service providers and other financial institutions that cybersecurity can no longer be treated as an internal technology problem, saying a weakness in one institution or technology provider could spread across the interconnected financial system and threaten financial stability. The apex bank said the
- [Oil Prices Move Close to $100 as Middle East Tensions Raise Supply Concerns](https://www.thevaluechainng.com/oil-prices-move-close-to-100-as-middle-east-tensions-raise-supply-concerns/): Global crude oil prices continued to climb on Wednesday as growing tensions in the Middle East increased concerns about possible disruptions to oil supplies. Brent crude, the international benchmark, moved close to the $100-per-barrel mark, while U.S. West Texas Intermediate also recorded significant gains. Reuters reported that Brent reached about $99.49 per barrel during Wednesday’s
- [CNG affordability depends on availability, Pi-CNG/EV boss says](https://www.thevaluechainng.com/cng-affordability-depends-on-availability-pi-cng-ev-boss-says/): Mr Ismaeel Ahmed, Chairman and Chief Executive Officer of the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG/EV), says availability of CNG is critical to making clean mobility affordable to Nigerians. Ahmed said this in Abuja on Tuesday when members of the CNG/EV Users Forum paid a courtesy visit to his office in
- [From Obasanjo to Tinubu: How Nigeria’s petrol prices have changed since 1999](https://www.thevaluechainng.com/from-obasanjo-to-tinubu-how-nigerias-petrol-prices-have-changed-since-1999/): A litre of petrol sold for N20 in Nigeria in 1999. More than two decades later, petrol prices have crossed N1,000 per litre in several parts of the country, with prices varying according to location, marketer and prevailing market conditions. The journey from N20 to more than N1,000 has been shaped by more than inflation.
- [Nigeria’s giant oil refinery runs flat out, keeps Europe fuelled](https://www.thevaluechainng.com/nigerias-giant-oil-refinery-runs-flat-out-keeps-europe-fuelled/): ...Middle East oil-product supplies have cratered since the start of the war, choking off vital diesel and jet fuel shipments to Europe, and Dangote has stepped in to help fill the gap Billionaire Aliko Dangote’s giant refinery in Nigeria is running at full capacity and maximising supplies of diesel and jet fuel to Europe to
- [NUPRC seeks more jobs, local value from offshore investments](https://www.thevaluechainng.com/nuprc-seeks-more-jobs-local-value-from-offshore-investments/): The Nigerian Upstream Petroleum Regulatory Commission has urged stakeholders in Nigeria’s offshore oil and gas industry to ensure that rising investments in the sector generate substantial employment, technology transfer and broader industrial benefits for the country. The Commission made the call in a post on its official X page on Tuesday, following remarks by its
- [Nigerian equities swing to N1.88 trillion losses ahead of Dangote Refinery IPO](https://www.thevaluechainng.com/nigerian-equities-swing-to-n1-88-trillion-losses-ahead-of-dangote-refinery-ipo/): …First HoldCo tumbles 9.30% as market breadth collapses to 4 gainers against 62 losers The Nigerian equities market reversed Monday’s bullish momentum in dramatic fashion on Tuesday, September 8, 2026, as the benchmark All-Share Index (ASI) declined 1.17% to close at 244,802.11 points, erasing approximately N1.88 trillion in market capitalisation in a single session. The
- [President Tinubu Urges Banks To Fund Production, Jobs As Next Reform Phase Targets Living Standard](https://www.thevaluechainng.com/president-tinubu-urges-banks-to-fund-production-jobs-as-next-reform-phase-targets-living-standard/): President Bola Ahmed Tinubu has charged Nigeria’s banking and financial services industry to move beyond balance-sheet expansion and channel more capital into businesses, production and job creation, saying the next phase of the country’s economic reforms must convert macroeconomic stability into tangible improvements in living standards. Tinubu, spoke Tuesday at the opening ceremony of a
- [NMDPRA denies AGF report of under-remitted gas flare penalties](https://www.thevaluechainng.com/nmdpra-denies-agf-report-of-under-remitted-gas-flare-penalties/): The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has denied the report of alleged under-remitted gas flare penalties contained in the Office of the Auditor-General of the Federation’s 2023/2024 Annual Report on Non-Compliance and Internal Control Weaknesses in Ministries, Departments and Agencies. The rebuttal was contained in a statement signed by George Ene-Ita, Director,
- [NCDMB To Feature Nwabuikwu’s 'The Pain and The Promise' In Book Reading Session](https://www.thevaluechainng.com/ncdmb-to-feature-nwabuikwus-the-pain-and-the-promise-in-book-reading-session/): By Saidu Abubakar The Nigerian Content Development and Monitoring Board (NCDMB) will host the fifth edition of its Book Reading Programme on Tuesday, September 15, 2026, featuring writer, journalist, public policy analyst and strategic communicator, Paul C. Nwabuikwu. According to a statement by Obinna Ezeobi, PhD, General Manager Corporate Communications Division of the NCDMB, this
- [Not a penny of recovered assets will be mismanaged under my watch — EFCC boss assures Nigerians](https://www.thevaluechainng.com/not-a-penny-of-recovered-assets-will-be-mismanaged-under-my-watch-efcc-boss-assures-nigerians/): Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has assured Nigerians that recovered assets will not be mismanaged under his leadership. Olukoyede gave the assurance on Tuesday amid an ongoing debate over whether Nigeria should establish a central agency to take charge of assets recovered by government institutions. The EFCC chairman opposed
- [NNPC Disowns Intercepted Truck By NDLEA, Supports Full Investigation](https://www.thevaluechainng.com/nnpc-disowns-intercepted-truck-by-ndlea-supports-full-investigation/): The Nigerian National Petroleum Company Limited (NNPC) Ltd commends the National Drug Law Enforcement Agency (NDLEA) for its vigilance and professionalism in intercepting a truck reportedly found with 2,145kg of cannabis concealed in a compartment in Ondo State. NNPC, through a statement by its Chief Corporate Communications Officer, Andy Odeh, noted that it has taken
- [NUPRC to commence 2026 oil licensing round in October, says CEO](https://www.thevaluechainng.com/nuprc-to-commence-2026-oil-licensing-round-in-october-says-ceo/): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it plans to commence its next oil licensing round by early October. In an interview with S&P Global, Oritsemeyiwa Eyesan, NUPRC’s chief executive officer (CEO), said the bidding round would include 13 unlicensed blocks from the last round. “Officials are preparing to kick off the next round
- [Dangote Refinery set for IPO signing ceremony in Lagos](https://www.thevaluechainng.com/dangote-refinery-set-for-ipo-signing-ceremony-in-lagos/): The Dangote Petroleum Refinery is set to hold the signing ceremony for its Initial Public Offering (IPO) in Lagos, marking a major milestone in the company’s journey to becoming a publicly listed firm. The event is scheduled to take place at the Eko Hotel and Suites, Victoria Island, where the refinery will formally launch the
- [NUPRC Plans Twice-Yearly Oil Licensing Rounds to Push Nigeria’s Output Towards 4m bpd](https://www.thevaluechainng.com/nuprc-plans-twice-yearly-oil-licensing-rounds-to-push-nigerias-output-towards-4m-bpd/): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is considering conducting oil licensing rounds twice a year as part of efforts to attract fresh investment, bring more operators into the upstream sector and significantly increase Nigeria’s crude oil production. NUPRC Chief Executive Officer, Mrs Oritsemeyiwa Eyesan, disclosed this in an interview with S&P Global, where she
- [Investors gain N3.7trn ahead of Nigeria’s climb to frontier status](https://www.thevaluechainng.com/investors-gain-n3-7trn-ahead-of-nigerias-climb-to-frontier-status/): The Nigerian stock market closed last week on a positive note, as investors on the Nigerian Exchange Limited, NGX, gained N3.73 trillion. Now that Nigerian universities, polytechnics and colleges of education will face national ranking Market details last week showed that gains in MTN Nigeria by 5.0%, Seplat Energy 10.0%, Zenith 6.3% and FirstHoldco 3.4%
- [Iran War forces a rewrite of global oil trade routes](https://www.thevaluechainng.com/iran-war-forces-a-rewrite-of-global-oil-trade-routes/): Oil prices are about to book yet another weekly gain as the war in the Middle East remains hot, with a pessimistic outlook. Oil exporters from the region are rushing to diversify their export channels, and importers are rushing to diversify their suppliers. The oil market is changing in what may well prove to be
- [Vessel Traffic Hits 1,201 As Vehicle Imports Grow By 18.3% In Q2](https://www.thevaluechainng.com/vessel-traffic-hits-1201-as-vehicle-imports-grow-by-18-3-in-q2/): Nigeria’s seaports recorded a significant increase in activity in the second quarter of 2026, with ocean-going vessel traffic rising by 14.4 per cent to 1,201, while vehicle imports jumped 18.3 per cent to 44,147 units. The latest figures, contained in the Nigerian Ports Authority (NPA) Operational Performance Report for Q2 2026, showed broad-based growth in
- [States Get Richer, Nigerians Get Poorer As Revenue Soars To N15.5trn](https://www.thevaluechainng.com/states-get-richer-nigerians-get-poorer-as-revenue-soars-to-n15-5trn/): Nigeria’s states have never had it this good financially. But for millions of Nigerians, the story is markedly different. As state revenues surged to an un­precedented N15.53 trillion in 2025, more citizens were battling rising food prices, shrinking purchasing power, insecurity and worsening living con­ditions. The widening gap between government finances and household welfare has
- [Banks offload N4.4trn surplus liquidity into CBN’s SDF](https://www.thevaluechainng.com/banks-offload-n4-4trn-surplus-liquidity-into-cbns-sdf/): Nigerian banks have placed about N4.4 trillion of surplus funds with the Central Bank of Nigeria (CBN) through its Standing Deposit Facility (SDF), as lenders seek safe returns on excess cash amid high money-market rates and the apex bank’s continued efforts to manage liquidity. The large placement at the SDF came as total liquidity in
- [CNG: Long queues, scarce stations drive motorists back to petrol](https://www.thevaluechainng.com/cng-long-queues-scarce-stations-drive-motorists-back-to-petrol/): The federal government’s beautiful promise of cheaper motoring is turning into a costly and traumatising wait for motorists who switched to Compressed Natural Gas (CNG). Drivers are lamenting being stuck in long queues due to inadequate refuelling infrastructure across the country. At some CNG refuelling stations, motorists now waste productive hours in queues waiting to
- [NMDPRA blames logistics costs, single-source refining for petrol price volatility](https://www.thevaluechainng.com/nmdpra-blames-logistics-costs-single-source-refining-for-petrol-price-volatility/): Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has attributed the recent volatility in petrol prices to rising logistics costs, crude oil sourcing challenges and reliance on single-source domestic refining. George Ene-Ita, NMDPRA head of public affairs, said petrol prices are fully deregulated and therefore respond to changes across the petroleum supply chain. Speaking in
- [IMF Raises Fresh Alarm Over Nigeria’s Debt And Funding Crisis](https://www.thevaluechainng.com/imf-raises-fresh-alarm-over-nigerias-debt-and-funding-crisis/): Nigeria and other developing economies may face tougher financial conditions as the International Monetary Fund (IMF) warns that rising debt costs and shrinking access to foreign funding are putting pressure on governments to find new sources of revenue and investment. The warning was issued by IMF Managing Director Kristalina Georgieva after the G20 Finance Ministers
- [PEWI @75: REFLECTIONS ON NIGERIA’S PETROLEUM INDUSTRY, VALUE CREATION AND THE UNFINISHED ECONOMIC JOURNEY…](https://www.thevaluechainng.com/pewi-75-reflections-on-nigerias-petroleum-industry-value-creation-and-the-unfinished-economic-journey/): 1.0 YESTERDAY — THE PROMISE NIGERIANS INHERITED On September 6, 2026, I turn 75—a milestone that feels especially significant at this moment in Nigeria’s petroleum story. I have lived through almost the entire history of the country’s modern petroleum industry. I was five when commercial production began at Oloibiri in 1958, and I entered the
- [Outcry as fake products flood Nigerian markets](https://www.thevaluechainng.com/outcry-as-fake-products-flood-nigerian-markets/): There is growing concern among Nigerians over the proliferation of counterfeit and substandard products in markets across the country, with consumers raising questions about the effectiveness of regulatory agencies in curbing the trend. The concerns have intensified following reports and social media complaints about suspected fake food items, medicines, cosmetics, beverages and other everyday consumer
- [PENGASSAN: Subsidy removal must bring relief to Nigerians](https://www.thevaluechainng.com/pengassan-subsidy-removal-must-bring-relief-to-nigerians/): The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the Federal Government to ensure that the economic gains from fuel subsidy removal translate into tangible improvements in the lives of Nigerians. PENGASSAN President, Bosun Olabiyi-Agoro, said Nigerians, particularly workers and low-income earners, have endured significant hardship since the removal of the petrol
- [Kaduna Rises To 2nd In Nigeria’s Ease Of Doing Business Ranking](https://www.thevaluechainng.com/kaduna-rises-to-2nd-in-nigerias-ease-of-doing-business-ranking/): The Chief Strategic Adviser on Inter-Governmental Affairs to Governor Uba Sani, Hon. Audu Maikori, has said Kaduna State now ranks second in Nigeria’s ease of doing business ranking, moving up from eighth position. Maikori attributed the development to reforms in security, the mining sector and infrastructure, which he said had helped reposition the state as
- [Nigeria’s business performance index rises to 112.7 in August, highest since February 2026](https://www.thevaluechainng.com/nigerias-business-performance-index-rises-to-112-7-in-august-highest-since-february-2026/): Nigeria’s business environment expanded further in August 2026, with the composite Current Business Performance Index (CBPI) rising to 112.7 points from 108.6 points in July. This is according to the Nigerian Economic Summit Group (NESG). The August reading was also higher than the 107.3 points recorded in the corresponding month of 2025 and represented the highest
- [Coris Bank Burkina Faso Market Value Hits $1.85 Billion](https://www.thevaluechainng.com/coris-bank-burkina-faso-market-value-hits-1-85-billion/): Coris Bank International Burkina Faso has seen its market value surge to 1,040 billion CFA francs, approximately $1.85 billion, marking a 201 per cent increase within the current year. The valuation peak, recorded on 2 September, follows a strong financial performance in the first half of the year, during which the bank’s profits rose by
- [Nigeria joins IEA, seals energy partnership](https://www.thevaluechainng.com/nigeria-joins-iea-seals-energy-partnership/): Nigeria has been unanimously admitted into the International Energy Agency (IEA) as an Association Country, opening a new window for global cooperation, technical expertise and policy support for the country’s energy sector. The admission was formalised, yesterday, with the signing of a Joint Work Programme between Nigeria and the Paris-based global energy organisation, covering energy
- [Oando calls for stronger partnerships to unlock Africa’s upstream potential](https://www.thevaluechainng.com/oando-calls-for-stronger-partnerships-to-unlock-africas-upstream-potential/): General Manager (GM), Security, Government and External Relations at Oando Energy Resources, Kofo Olagunju, has called for stronger partnerships between governments, regulators, operators, and host communities. Speaking during a panel discussion at the Africa Oil Week (AOW Energy) in Accra, Ghana, with the theme: “Building Dialogue, Leadership: Exploring the Challenges of Both Government and Private
- [You cannot build wealth by only working hard for money](https://www.thevaluechainng.com/you-cannot-build-wealth-by-only-working-hard-for-money/): ...Invest in your mind before investing your money For many people, the definition of wealth is simple: earn more money, buy more assets and live a better life. There is nothing wrong with wanting to earn more. In fact, increasing your earning capacity is an important part of financial progress. But earning more money is
- ['FG Must Address The Rising Cost Of Living'](https://www.thevaluechainng.com/fg-must-address-the-rising-cost-of-living/): The Federal Government has revealed that the sustained economic growth will lead to the achievement of the dreamed $1billion economy by 2030. According to the Minister of Finance and the Coordinating Minister of the Economy, Taiwo Oyedele, the country’s real Gross Domestic Product (GDP) grew by 4.43 per cent year-on-year in the second quarter of
- [Canada unveils new $20 bill featuring portrait of King Charles](https://www.thevaluechainng.com/canada-unveils-new-20-bill-featuring-portrait-of-king-charles/): Canada has unveiled a new $20 banknote featuring a portrait of King Charles III, the first new monarch to appear on a Canadian banknote in more than 70 years, following the death of Queen Elizabeth II in 2022. The banknote was revealed at a Bank of Canada event on Thursday - a "very special day",
- [NFF Crisis: More Than One Fight](https://www.thevaluechainng.com/nff-crisis-more-than-one-fight/): By Saidu Abubakar The Nigeria Football Federation (NFF) crisis is not just one fight. It’s a mixture of power plays and a recurring cycle of greed since 2010 that has reduced the Federation to a farce. All to the chagrin of followers who rarely compromise on favourable results and laurels. The NFF crises are mostly
- [Yari's Bailout of Geregu Deepens Focus on Structural Crisis in Nigeria's Power Sector](https://www.thevaluechainng.com/yaris-bailout-of-geregu-deepens-focus-on-structural-crisis-in-nigerias-power-sector/): By Anscella Obike Fresh developments surrounding Geregu Power Plc have added a new dimension to the financial distress gripping Nigeria's electricity industry, even as the Nigerian Electricity Regulatory Commission's (NERC) takeover of Kaduna Electricity Distribution Company (KAEDC) continues to expose the depth of the sector's structural weaknesses. The decision by Geregu Power Chairman and Senator
- [Unlocking Power Assets: How NPA-NDPHC Synergy Saves Billions in Demurrage](https://www.thevaluechainng.com/unlocking-power-assets-how-npa-ndphc-synergy-saves-billions-in-demurrage/): By Anscella Obike The recent collaboration between the Niger Delta Power Holding Company (NDPHC) and the Nigerian Ports Authority (NPA) offers more than a success story in cargo recovery; it provides an important case study in how effective inter-agency cooperation can improve governance, protect public investments, and accelerate infrastructure delivery in Nigeria. Following a strategic
- [Building Out of the Crisis: Can Nigeria Finally Make Housing Affordable?](https://www.thevaluechainng.com/building-out-of-the-crisis-can-nigeria-finally-make-housing-affordable/): By Adaobi Rhema Oguejiofor Nigeria's housing crisis transcends mere numbers; affordability is key. Various approaches like incremental, cooperative, and rent-to-own housing, alongside public-private partnerships and local materials, are being explored. However, the challenge remains: how to shift from isolated projects to a consistent system for low- and middle-income households. Nigeria faces a 14.925 million-unit housing
- [How Artificial Intelligence Is Fuelling Africa’s $484m Cybercrime Crisis](https://www.thevaluechainng.com/how-artificial-intelligence-is-fuelling-africas-484m-cybercrime-crisis/): By Adaobi Rhema Oguejiofor Artificial intelligence is rapidly changing the face of cybercrime in Africa, transforming once relatively conventional online offences into faster, more sophisticated and increasingly difficult-to-detect attacks. According to the INTERPOL African Cyberthreat Assessment Report 2026, AI now powers 55 per cent of reported cybercrimes across the continent, underscoring the growing challenge facing
- [Niger's Uranium Takeover: A New Era of Resource Nationalism](https://www.thevaluechainng.com/nigers-uranium-takeover-a-new-era-of-resource-nationalism/): By Anscella Obike The Republic of Niger's decision to transfer the In Azaoua mining permit, which forms part of the Somaïr uranium mine, from French state-backed nuclear company Orano SA to the state-owned Teloua Safeguarding Uranium Mining Company (Tsumco SA) represents one of the most significant examples of resource nationalism in West Africa in recent
- [Bound by Borders: What Nigeria’s 90th-Place Passport Ranking Means for Citizens](https://www.thevaluechainng.com/bound-by-borders-what-nigerias-90th-place-passport-ranking-means-for-citizens/): By Anscella Obike Nigeria’s passport has slipped further down the global mobility ladder, reinforcing a long-standing challenge that extends beyond international travel into trade, investment and diplomacy. According to the latest Henley Passport Index, which ranks 199 passports using exclusive data from the International Air Transport Association (IATA), Nigeria now ranks 90th globally, two places
- [Dolly Parton Proved That Success Means Lifting Others](https://www.thevaluechainng.com/dolly-parton-proved-that-success-means-lifting-others/): By Anscella Obike When Dolly Parton passed away in August 2026 at the age of 80, the world mourned more than a country music legend. It lost one of the rare cultural figures whose influence transcended entertainment, politics, geography, and generations. Rising from a humble two-room log cabin in the Smoky Mountains of East Tennessee,
- [Why China’s Electric Vehicle Ambitions Depend on African Soil](https://www.thevaluechainng.com/why-chinas-electric-vehicle-ambitions-depend-on-african-soil/): By Adaobi Rhema Oguejiofor When Chery Automobile finalised its acquisition of Nissan's historic Rosslyn assembly plant near Pretoria, South Africa, it marked more than the transfer of a factory. The deal underscored a fundamental shift in China's automotive strategy on the African continent. Rather than relying solely on exporting finished vehicles, China, the world's dominant
- [The Art Of Starting Over Quietly](https://www.thevaluechainng.com/the-art-of-starting-over-quietly/): By Anastasia Adaeze We are alive, and feeling stuck is something we can change. We can choose to take one step at a time to improve our mood, emotions, and life trajectory. It is no wonder renowned writer Brian Tracy’s Eat That Frog!, first published in 2001, remains highly recommended. Its central message is simple:
- [Why Nigeria’s Health Spending Is Yet to Translate Into Longer Lives](https://www.thevaluechainng.com/why-nigerias-health-spending-is-yet-to-translate-into-longer-lives/): By Adaobi Rhema Oguejiofor Nations measure health in billions of naira or even dollars. But for ordinary people, the true measure of a nation’s health is far simpler: how long its people live. Nigeria has been spending more on healthcare, announcing reforms, expanding programmes and committing substantial public resources to the sector. Yet one of
- [Nigeria’s Energy Transition Is Not About Oil vs Renewables; It Is About Money](https://www.thevaluechainng.com/nigerias-energy-transition-is-not-about-oil-vs-renewables-it-is-about-money/): By Kunle Odusola-Stevenson Nigeria may be asking the wrong question about its energy future. For years, the national conversation has been framed as a choice between oil and gas on one side and renewable energy on the other. One camp argues that Nigeria must continue exploiting its hydrocarbons. Another insists that the country must move
- [NCDMB Participates In Africa Oil Week 2026, Champions Local Content And Industrial Growth](https://www.thevaluechainng.com/ncdmb-participates-in-africa-oil-week-2026-champions-local-content-and-industrial-growth/): The Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday participated actively in the Africa Local Content Programme, a key event at the ongoing Africa Oil Week held in Accra, Ghana. Africa Oil Week (AOW 2026) is a leading international conference, networking, and exhibition programme focused on Africa’s oil, gas, and upstream energy sector. The event brings together industry leaders, governments,
- [The Wounding of the North: Gully Erosion, Unchecked Mining, and the Betrayal of Ecological Governance](https://www.thevaluechainng.com/the-wounding-of-the-north-gully-erosion-unchecked-mining-and-the-betrayal-of-ecological-governance/): ​ Across Northern Nigeria, the earth is splitting open. Vast ravines, some dozens of feet deep, carve through farmlands, slice through historic transport routes, and swallow whole homesteads. While soil degradation and desertification have long been associated with the arid encroaching Sahel, a more aggressive and catastrophic phenomenon has accelerated across states like Zamfara, Niger,
- ['Implementation, Not Conversation, Will Transform Nigeria's Energy Sector' — Dr. Mohammed Malami](https://www.thevaluechainng.com/implementation-not-conversation-will-transform-nigerias-energy-sector-dr-mohammed-malami/): As Nigeria continues to reposition its energy sector through regulatory reforms, gas commercialisation, and energy transition initiatives, industry stakeholders remain optimistic about the country's long-term prospects. In this exclusive interview with Valuechain's Emmanuel Peter, Dr. Mohammed Malami, Assistant Program Chair of the Society of Petroleum Engineers (SPE) Abuja Section, discusses how recent policy reforms are
- [Why Farmers Still Struggle to Access Credit](https://www.thevaluechainng.com/why-farmers-still-struggle-to-access-credit/): By Ese Ufuoma Every planting season begins with hope. Across Nigeria, millions of farmers prepare their land, buy seeds and plan for the harvest ahead. Yet for many of them, one challenge appears before the first seed even enters the soil. Despite repeated government interventions, agricultural loan schemes and development programmes, access to credit remains
- [NMDPRA Positions Nigeria as Anchor for West Africa’s Energy Sovereignty](https://www.thevaluechainng.com/nmdpra-positions-nigeria-as-anchor-for-west-africas-energy-sovereignty/): By Silverline Ifeanyi Onyeabor West Africa may be approaching a turning point in how refined petroleum products are priced, traded and distributed, as regulators, investors and market analysts push for a regional market anchored on local supply and demand rather than external pricing references. The 2026 West Africa Refined Fuel Market Conference in Abuja underscored
- [The $50B Deepwater Bet: Is Nigeria Cutting Taxes to Save its Energy Future?](https://www.thevaluechainng.com/the-50b-deepwater-bet-is-nigeria-cutting-taxes-to-save-its-energy-future/): By Silverline Ifeanyi Onyeabor Nigeria’s deepwater oil and gas sector has long represented one of the country’s greatest untapped economic opportunities. Rich offshore reserves, proven producing assets and the presence of leading international operators should have positioned the country as a dominant destination for deepwater investment. Instead, billions of dollars in projects have remained stalled
- [AEW 2026 Showcases New Opportunities in Africa's Evolving Power Markets](https://www.thevaluechainng.com/aew-2026-showcases-new-opportunities-in-africas-evolving-power-markets/): By Ese Ufuoma Africa's electricity sector is at a pivotal moment as governments, investors and industry leaders intensify efforts to address the continent's longstanding power deficit while accelerating the transition to cleaner and more reliable energy systems. Against this backdrop, the Power Africa Today track at African Energy Week (AEW) 2026, sponsored by Sahara Group,
- [Domestic Crude Supply Gains Momentum as NUPRC Posts 97.4% Compliance](https://www.thevaluechainng.com/domestic-crude-supply-gains-momentum-as-nuprc-posts-97-4-compliance/): By William Emmanuel Ukpoju Nigeria's long-standing paradox as Africa's largest crude oil producer yet a major importer of refined petroleum products has been driven largely by one recurring challenge: securing sufficient locally produced crude for domestic refineries. For decades, upstream producers prioritised export markets while local refining capacity remained underutilised, leaving the country dependent on
- [Nigeria Takes the Mic: WEC Board Taps Ibrahim and Iledare to Reframe Africa’s Energy Future](https://www.thevaluechainng.com/nigeria-takes-the-mic-wec-board-taps-ibrahim-and-iledare-to-reframe-africas-energy-future/): By Jauhar Suleiman Salihu The World Energy Council Nigeria has a new Board, and with it, a new posture. With Valuechain Advisory Board members Prof. Wumi Iledare and Dr. Omar Farouk Ibrahim now on the World Energy Council Nigeria Board, the Council is shifting from energy talk to energy finance, prioritising pragmatism, private capital, and
- [Nigeria’s Power Sector: The Low-Hanging Fruit and the Joy Ogaji Decade](https://www.thevaluechainng.com/nigerias-power-sector-the-low-hanging-fruit-and-the-joy-ogaji-decade/): 1.0 Preamble Fifteen years after Nigeria renewed its power-sector reform agenda, the industry presents a mixed record of institutional change, private investment and persistent underperformance. The 2013 transfer of generation and distribution companies ended the old vertically integrated public monopoly, but ownership reform did not automatically create a liquid, dependable or self-sustaining electricity market. Weak
- [SUBSIDY WARS: The Battle Between Economic Reform and People’s Survival ](https://www.thevaluechainng.com/subsidy-wars-the-battle-between-economic-reform-and-peoples-survival/): For millions of Nigerians, the renewed call by former Vice President Atiku Abubakar for the restoration of petroleum subsidy resonates less as a political promise and more as a reflection of their daily economic reality. More than three years after President Bola Tinubu removed the fuel subsidy as part of sweeping economic reforms, many citizens
- [Shell commends efforts towards Regional Action Plan for safe helicopter services](https://www.thevaluechainng.com/shell-commends-efforts-towards-regional-action-plan-for-safe-helicopter-services/): Shell Nigeria Exploration and Production Company Limited (SNEPCo) has welcomed efforts to promote safe helicopter services across Africa in a proposed Regional Action Plan. The plan is the highlight of a workshop organised in Lagos within the week by the Aviation subcommittee of the International Association of Oil and Gas Producers (IOGP) in partnership with
- [NCDMB Advocates Pan-African Local Content Collaboration To Drive Economic Diversification, Industrial Dev](https://www.thevaluechainng.com/ncdmb-advocates-pan-african-local-content-collaboration-to-drive-economic-diversification-industrial-dev/): The Nigerian Content Development and Monitoring Board (NCDMB) has called for deeper collaboration among African nations to unlock the continent's enormous local content potential and accelerate economic diversification, industrial growth, and sustainable development across the oil and gas value chain. The position was presented during a strategic engagement in Namibia focused on African Local Content
- [Information Minister, Fuel Subsidy And Public Trust: A Moral Economics](https://www.thevaluechainng.com/information-minister-fuel-subsidy-and-public-trust-a-moral-economics/): By SAIDU AHMED "Today we see how utterly mistaken was the Milton Friedman notion that a market system can regulate itself"- Prof. Paul Samuelson There are moments in the life of a nation when economics ceases to be merely about prices, markets, deficits and fiscal balances. It becomes a question of politics, power and morality.
- [FG Launches $1bn HOPE Programme to Lift Vulnerable Nigerians Out of Poverty](https://www.thevaluechainng.com/fg-launches-1bn-hope-programme-to-lift-vulnerable-nigerians-out-of-poverty/): According to a report by Vanguard News on Wednesday, August 26, 2026, the Federal Government has launched the $1 billion Household Prosperity and Empowerment Social Protection Project (HOPE-SP), a social protection initiative aimed at helping vulnerable Nigerians move from temporary assistance to sustainable economic empowerment and self-reliance. The programme was unveiled on Wednesday at the
- [Nigeria Hits OPEC Quota Again, Fiscal Gains Remain Elusive](https://www.thevaluechainng.com/nigeria-hits-opec-quota-again-fiscal-gains-remain-elusive/): Nigeria met and marginally exceeded its OPEC production quota for a third straight month in July 2026, but energy analysts say the achievement offers little fiscal relief as most of the oil is already committed before it is sold. Data from the Nigerian Upstream Petroleum Regulatory Commission showed crude output at 1.505 million barrels per
- [US hails Dangote refinery as Nigeria’s petroleum exports surge seven times](https://www.thevaluechainng.com/us-hails-dangote-refinery-as-nigerias-petroleum-exports-surge-seven-times/): Nigeria’s seaborne petroleum product exports have risen seven-fold since 2023, driven largely by increased production from the Dangote Petroleum Refinery, the United States Energy Information Administration (EIA) has said. The EIA disclosed this in its latest report on Nigeria’s petroleum market, stating that the country’s seaborne petroleum product shipments averaged 561,000 barrels per day (bpd)
- [Canada hits US with retaliatory tariffs](https://www.thevaluechainng.com/canada-hits-us-with-retaliatory-tariffs/): ...Prime Minister Mark Carney previously vowed to match Donald Trump’s tariffs “dollar for dollar” The Canadian government has announced that it will impose retaliatory tariffs of up to 50% on around 700 American products, after US President Donald Trump hit Canada with a round of tariffs and threatened further increases. American steel and aluminum will
- [Dangote, Others Raise Petrol To N1,200/L Amid Crude Price Decline](https://www.thevaluechainng.com/dangote-others-raise-petrol-to-n1200-l-amid-crude-price-decline/): Dangote Petroleum Refinery and Petrochemicals FZE has raised the minimum price of Premium Motor Spirit (petrol) from N1,185 to N1,200 per liter, starting August 26, 2026. In a formal message to customers on Tuesday, the refinery’s Group Commercial Operations announced enhanced depot costs for gantry and coastline delivery. The email, titled ‘PMS Price Change Communication
- [NCDMB Awards GeoPredict AI N25m As TIC 2026 Winner](https://www.thevaluechainng.com/ncdmb-awards-geopredict-ai-n25m-as-tic-2026-winner/): GeoPredict AI has emerged winner of the Nigerian Content Development and Monitoring Board (NCDMB) maiden Technology Innovation Challenge (TIC) 2026, earning a N25 million prize for its artificial intelligence-driven solution for reservoir characterisation and drilling decisions. The startup received the award at the final competition and ceremony held in Yenagoa, Bayelsa State, after its innovation
- [Bonga South-West Aparo Project: NNPC, OML 118 Contractor Parties Execute PSC, DSA Addenda](https://www.thevaluechainng.com/bonga-south-west-aparo-project-nnpc-oml-118-contractor-parties-execute-psc-dsa-addenda/): ...Project to Attract $15-21bn Investment, to Become Nigeria's Largest Deepwater Devt The Nigerian National Petroleum Company Limited (NNPC) Ltd, and the OML 118 Contractor Parties — Shell Nigeria Exploration and Production Company Limited (SNEPCo), Esso Exploration and Production Nigeria (Deepwater) Limited, and Nigerian Agip Exploration Limited (NAE) — today executed the Addendum to the OML
- [Many Taxes Now Being Enforced Have Long Existed But Were Dormant — Dare](https://www.thevaluechainng.com/many-taxes-now-being-enforced-have-long-existed-but-were-dormant-dare/): Special Adviser to President Bola Tinubu on Media and Public Communications, Chief Sunday Dare, has said many of the taxes currently being enforced by the Federal Government are not new, but levies that had existed for years without effective implementation. Dare, who spoke on Channels Television’s Hard Copy programme, said the ongoing tax reforms were
- [Nigeria’s Oil Output Wobbles After 10 Years Of Increase In Rigs](https://www.thevaluechainng.com/nigerias-oil-output-wobbles-after-10-years-of-increase-in-rigs/): Output drops 20.8% in five mature assets — Report lNigeria’s influence within OPEC+ declines lWe are committed to optimising output — Renaissance, Eni lBad omen requiring urgent steps — Experts There are indications that increased deployment of oil rigs in Nigeria has not translated into corresponding rise in crude oil production. Rig count, an important
- [14 Years After Oronsaye Report, Bloated Agencies Cost Nigeria N1trn In 2026](https://www.thevaluechainng.com/14-years-after-oronsaye-report-bloated-agencies-cost-nigeria-n1trn-in-2026/): • Tinubu reneges on earlier promise, continues big government programme• Scrapped on paper, NPC gets N110.7b allocation• ‘Government should focus on reducing overlapping functions, not agencies’• Affected offices hang on to unattended laws to maintain relevance About 14 years after the Stephen Oronsaye Committee’s Report on the streamlining of federal ministries, departments and agencies (MDAs), the
- [Nigeria’s $50bn Oil , Gas Investment Target Faces Local Financing Structure Challenges](https://www.thevaluechainng.com/nigerias-50bn-oil-gas-investment-target-faces-local-financing-structure-challenges/): Industry analyst has identified some challenges that could hinder anticipated growth in the country’s oil and gas investment strategy. According to the analyst weak financing for deep offshore and onshore oil and gas projects in Nigeria may pose significant challenge to the country’s anticipated $50 billion investment targets. In his analysis, domestic financing for both
- [World Cup Final Breaches: FIFA Fines Argentina $321,000, Hands Paredes 10-Match Ban](https://www.thevaluechainng.com/world-cup-final-breaches-fifa-fines-argentina-321000-hands-paredes-10-match-ban/): The Argentina Football Association (AFA) has been fined $321,000 (£238,000) by FIFA for disciplinary breaches arising from the World Cup final, with midfielder Leandro Paredes handed a 10-match suspension. FIFA’s Disciplinary Committee also ordered Argentina to play its next two home matches with 50 per cent of the available spectator capacity as part of the
- [Nigeria’s $10.37bn capital inflows mask weak FDI — PwC](https://www.thevaluechainng.com/nigerias-10-37bn-capital-inflows-mask-weak-fdi-pwc/): Nigeria’s economic reforms have delivered stronger macroeconomic indicators, but the gains are yet to translate into broad-based prosperity, with capital inflows rising 83.8 per cent to $10.37 billion in the first quarter of 2026, even as foreign direct investment accounted for only 1.3 per cent of the inflows and poverty is projected at 63 per cent
- [NUPRC Warns 31 Winners: Pay Signature Bonuses Within 60 Days Or Lose Blocks](https://www.thevaluechainng.com/nuprc-warns-31-winners-pay-signature-bonuses-within-60-days-or-lose-blocks/): One month after the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced 31 companies as winners of 37 oil and gas blocks in the 2025 Licensing Round, winners are required to proceed with payment of signature bonuses as part of the post-award process. NUPRC warned winners of 37 blocks now have 60 more days to pay
- [NNPC says Nigeria must build skills or risk becoming energy spectator](https://www.thevaluechainng.com/nnpc-says-nigeria-must-build-skills-or-risk-becoming-energy-spectator/): The Nigerian National Petroleum Company Limited (NNPC Ltd.) is putting the country’s trainers and universities on notice: keep pace with the energy transition or watch a new generation of technical jobs go elsewhere. Kazachiyang Nuhu, chief human resources officer at NNPC Limited, told an industry audience this week that the shift toward gas, digitalisation, and
- [AEW 2026 to Explore Africa’s Shift from Local Content Participation to Industrialization](https://www.thevaluechainng.com/aew-2026-to-explore-africas-shift-from-local-content-participation-to-industrialization/): As Africa develops its estimated 125.3 billion barrels of crude oil and 620 trillion cubic feet of natural gas to strengthen energy security and expand local economies, local-content frameworks are entering a new phase. Governments are moving beyond requirements for local employment and procurement toward building domestic industrial capacity and strengthening digital compliance while maintaining
- [Shell reinforces safety commitment at CEO Contractors Forum](https://www.thevaluechainng.com/shell-reinforces-safety-commitment-at-ceo-contractors-forum/): Shell, during the week hosted chief executives of contracting companies in Lagos highlighting the need to sustain safe operations across its businesses in Nigeria. The annual Shell Leadership and Contractor CEO Conference aims to shine a light on “a shared commitment to people, performance and safety.” The theme of this year’s event is "Learn. Adapt.
- [Reintroducing Government-Controlled Fuel Prices Would Reverse This Policy Direction – Wike](https://www.thevaluechainng.com/reintroducing-government-controlled-fuel-prices-would-reverse-this-policy-direction-wike/): According to a report by Punch Newspaper on Thursday, August 20, 2026, Nyesom Wike, the Minister of the Federal Capital Territory, has defended the Federal Government’s decision to remove fuel subsidy, accusing former Vice President Atiku Abubakar of taking an inconsistent position on the policy. Wike said the former vice president’s promise to restore subsidy
- [PENGASSAN Queries Frequent Alterations To PIA Law](https://www.thevaluechainng.com/pengassan-queries-frequent-alterations-to-pia-law/): The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised concerns over alleged alterations to the Petroleum Industry Act, citing the removal of some fiscal provisions and moving them to the Nigeria Revenue Act, describing the development as appalling and capable of eroding investors’ confidence in the sector. PENGASSAN President, Comrade Festus
- [Nigeria’s Energy Paradox Deepens: Dangote Exports Jet Fuel As Airlines Struggle](https://www.thevaluechainng.com/nigerias-energy-paradox-deepens-dangote-exports-jet-fuel-as-airlines-struggle/): Nigeria’s energy sector is entering another decisive phase, marked by a striking contradiction: the country is increasingly capable of producing energy commodities for international markets, yet domestic businesses and consumers continue to struggle with the cost and availability of those same products. The contradiction is perhaps most visible in aviation fuel. The Dangote Refinery has
- [Reforms saved Nigeria from N3,000/litre petrol, 30 states’ salary crisis — FG](https://www.thevaluechainng.com/reforms-saved-nigeria-from-n3000-litre-petrol-30-states-salary-crisis-fg/): The Federal Government has said the economic reforms introduced by the administration of President Bola Tinubu saved Nigeria from a possible petrol price of N3,000 per litre and a situation where at least 30 states would have struggled to pay workers’ salaries. Minister of Finance and Coordinating Minister of the Economy Taiwo Oyedele disclosed this
- [Oil prices rise as Iran keeps Strait of Hormuz closed](https://www.thevaluechainng.com/oil-prices-rise-as-iran-keeps-strait-of-hormuz-closed/): Key Points Iran says it will keep the Strait of Hormuz closed until the United States fulfils conditions under their June memorandum Brent crude rises to around $91.72 per barrel while West Texas Intermediate (WTI) trades at $84.71 A reported 3.3-million-barrel fall in US crude inventories adds to concerns over tightening supply Main Story Oil
- [With Sights Restored, NNPC/Shell Vision First Outreach Makes Mark In Badagry](https://www.thevaluechainng.com/with-sights-restored-nnpc-shell-vision-first-outreach-makes-mark-in-badagry/): Nearly 3,000 people in Badagry Local Government Area of Lagos State benefitted from the latest edition of the Vision First initiative of the Nigerian National Petroleum Company Limited (NNPC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) which held there last week. Shell's Communications Manager, Gladys Afam-Anadu said in a statement that some 38
- [EFCC Recovers N4.4bn Stolen Diesel From Lagos Company](https://www.thevaluechainng.com/efcc-recovers-n4-4bn-stolen-diesel-from-lagos-company/): The Economic and Financial Crimes Commission (EFCC) has recovered 2.3 million litres of diesel worth about N4.485 billion from a Lagos-based oil company. The diesel was allegedly taken from Prudent Energy and Services Limited and converted for personal use by Mamemo Ibru of Ibafon Oil and Gas. The EFCC said the recovery followed a petition
- [Dangote Refinery Secures $1 Billion Backing Ahead Of Planned IPO](https://www.thevaluechainng.com/dangote-refinery-secures-1-billion-backing-ahead-of-planned-ipo/): The Dangote Petroleum Refinery and Petrochemicals (DPRP) has secured a US$1 billion underwriting programme ahead of its planned Initial Public Offering (IPO), marking a major step toward broadening investment in one of Africa’s most strategically significant industrial assets. The programme, structured by Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group, comprises a completed
- [FCCPC Probes Cement Prices In Nigeria As Bag Hits ₦15,000](https://www.thevaluechainng.com/fccpc-probes-cement-prices-in-nigeria-as-bag-hits-₦15000/): Nigeria can produce more than twice the cement it consumes, yet prices have climbed to as much as ₦15,000 per bag. The FCCPC is now investigating possible shady deals The Federal Competition and Consumer Protection Commission (FCCPC) has opened a deeper investigation into Nigeria’s cement market after preliminary findings raised concerns about possible price manipulation
- [Oil Prices Edge Higher On Iran Tensions](https://www.thevaluechainng.com/oil-prices-edge-higher-on-iran-tensions/): Oil prices rose on Monday as stalled Iran talks raised concerns over supply disruptions. Brent gained 0.5% to $88.95 a barrel, while WTI rose 0.3% to $82.65. Both gained more than 5% last week. Slower shipping through the Strait of Hormuz supported prices, though analysts expect gains to remain limited unless supply disruptions worsen. Canada
- [CBN Survey Shows Firms Remain Constrained By Taxes, Insecurity, High Interest Rate](https://www.thevaluechainng.com/cbn-survey-shows-firms-remain-constrained-by-taxes-insecurity-high-interest-rate/): Nigerian businesses remained cautious about current economic conditions in July as high taxation, insecurity and elevated interest rates continued to constrain operations, even as firms expressed stronger optimism about the months ahead. The Central Bank of Nigeria’s July 2026 Business Expectations Survey showed that the Business Confidence Index stood at 5.7 points during the month,
- [The Next Energy Crisis Could Be A Water Crisis](https://www.thevaluechainng.com/the-next-energy-crisis-could-be-a-water-crisis/): Even though this article highlights how production of electricity nearly always depends on water (either for hydropower or to generate steam to drive turbines), this post does not parse how all water is not created equal. We pointed out from the inception of this site that potable water was the critical resource that was set
- [Oil Host Communities Urge NNPC Trading To Sustain Reforms, Accountability](https://www.thevaluechainng.com/oil-host-communities-urge-nnpc-trading-to-sustain-reforms-accountability/): The national leadership of the Host Communities Producing Oil, Gas and Pipeline-Impacted States Youth Council of Nigeria (HOSTCON Youth Council) has urged the management of NNPC Trading Limited to sustain ongoing reforms and uphold high standards of accountability, transparency and responsible resource management. The council, in conjunction with its Board of Trustees, made the call
- [FG Targets 6,000MW Electricity By December](https://www.thevaluechainng.com/fg-targets-6000mw-electricity-by-december/): Keypoints The Federal Government says it aims to generate and wheel 6,000MW of electricity before December 2026. Current generation is around 5,000MW, while the Transmission Company of Nigeria has about 8,500MW of wheeling capacity. The government plans to commission 20 transmission projects before the end of the year. Two new 100MVA, 132/33kV transformers have been
- [Why Nigeria’s Refineries Keep Failing Despite Huge Investments — PENGASSAN](https://www.thevaluechainng.com/why-nigerias-refineries-keep-failing-despite-huge-investments-pengassan/): The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has explained why Nigeria’s government-owned refineries have continued to struggle despite billions of naira spent on their rehabilitation, blaming the failure on the inability of the facilities to operate profitably. PENGASSAN president, Comrade Festus Osifo, disclosed this yesterday while addressing past presidents, secretaries-general and
- [PETROAN Demands Guaranteed Crude Oil Supply Before Port Harcourt, Warri Restart](https://www.thevaluechainng.com/petroan-demands-guaranteed-crude-oil-supply-before-port-harcourt-warri-restart/): The planned revival of Nigeria’s Port Harcourt and Warri refineries could face a critical test beyond rehabilitation and technical completion, as the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has demanded guaranteed crude supply to ensure the plants operate sustainably after restart. The association’s National President, Dr. Billy Gillis-Harry, said the focus should
- [Domestic Debt: Rising Fiscal Deficit Fuels Borrowing Surge](https://www.thevaluechainng.com/domestic-debt-rising-fiscal-deficit-fuels-borrowing-surge/): Nigeria’s widening fiscal pressures are forcing the Federal Government to deepen its reliance on domestic borrowing, with its domestic debt stock rising to N82.9 trillion at the end of the first quarter of 2026, heightening concerns over the cost and sustainability of deficit financing. Latest public debt data show that FGN domestic debt increased by
- [EITI Mission Lauds NEITI, Urges Nigeria To Sustain Transparency Reforms](https://www.thevaluechainng.com/eiti-mission-lauds-neiti-urges-nigeria-to-sustain-transparency-reforms/): The global Extractive Industries Transparency Initiative (EITI) has lauded the Nigeria Extractive Industries Transparency Initiative (NEITI) for improvements in its disclosure practices, even as it urged the country to sustain the momentum by institutionalising systematic, real-time transparency in its extractive sector. This was contained in a statement issued at the weekend by NEITI’s director, Communications
- [I’ll Put Nigeria’s Interests at Centre of Global Energy Engagement – Wunti](https://www.thevaluechainng.com/ill-put-nigerias-interests-at-centre-of-global-energy-engagement-wunti/): The pioneer Chief Executive Officer of the World Energy Council Nigeria, Mr. Bala Maijama’a Wunti, has pledged to ensure that Nigeria’s interests remain central to his engagement with the global energy community. Wunti made the commitment on Sunday while speaking virtually at a ceremony organised to mark his appointment, attended by family members, friends, associates
- [EFCC Recovers US$60m In Ongoing Nestoil Investigation](https://www.thevaluechainng.com/efcc-recovers-us60m-in-ongoing-nestoil-investigation/): The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Olanipekun Olukoyede, has led a major breakthrough in the Commission’s ongoing investigation into the alleged criminal aspects of transactions involving Nestoil Limited and a consortium of its lenders. At a meeting convened and chaired by the EFCC Chairman, a structured repayment plan was agreed
- [NNPC GCEO has no statutory role in licensing](https://www.thevaluechainng.com/nnpc-gceo-has-no-statutory-role-in-licensing/): The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mr. Bayo Ojulari, has no statutory role in licensing and award of oil block, officials of the oil giant said at the weekend. Claims that the GCEO is part of the licensing and award of oil block were described as “deliberately false,
- [Stock Exchange begins new share pricing rule](https://www.thevaluechainng.com/stock-exchange-begins-new-share-pricing-rule/): The Nigerian stock market will today begin implementation of a new pricing methodology under which the market price of a particular share will determine the number of shares needed to effect movement in the share price. The new pricing framework replaces the previous universal rule that stipulated a single minimum trade quantity to change prices
- [$25bn Nigeria-Morocco gas pipeline dream drags](https://www.thevaluechainng.com/25bn-nigeria-morocco-gas-pipeline-dream-drags/): The much-touted multi-billion-dollar Nigeria-Morocco Gas Pipeline is yet to take off owing to the alleged ‘lukewarm’ attitude of Nigerian authorities, Daily Trust learnt from credible sources. The project is expected to cost more than $25 billion (nearly N34 trillion). Even before the proper commencement of the project, the name has been changed to African-Atlantic Gas
- [FG warned against importation of refined petroleum products](https://www.thevaluechainng.com/fg-warned-against-importation-of-refined-petroleum-products/): The Federal Government has been warned against importing refined petroleum products when local refineries can fill the gap. Giving the warning, a former General Manager of Corporate Planning and Business Development, Nigerian National Petroleum Corporation (NNPC), Mr. Babajide Soyode, said that importation of such products should not be allowed to disrupt the local refineries. Speaking with
- [NNPC, Seplat discuss plans to raise oil production](https://www.thevaluechainng.com/nnpc-seplat-discuss-plans-to-raise-oil-production/): The Nigerian National Petroleum Company Limited (NNPC Ltd.) and Seplat Energy Plc have held discussions on plans to increase oil and gas production across their jointly held assets. The meeting took place when the Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, received Seplat Energy’s newly appointed Chief Executive Officer, Effiong Okon, at
- [Nigeria: NNPC, Exxonmobil Meet As Usan Infill Work Begins On ML 138](https://www.thevaluechainng.com/nigeria-nnpc-exxonmobil-meet-as-usan-infill-work-begins-on-ml-138/): The Nigerian National Petroleum Company Limited (NNPC Limited) has engaged ExxonMobil on boosting deepwater output and pursuing further offshore investments, weeks after work began on the US$1 billion Usan Infill Project in Oil Mining Lease 138. The group chief executive officer of NNPC Limited, Engr. Bashir Bayo Ojulari, received a delegation from ExxonMobil led by
- [Niger Delta community contactors reject NCDMB’s 1% remittance](https://www.thevaluechainng.com/niger-delta-community-contactors-reject-ncdmbs-1-remittance/): Community contractors in the Niger Delta have rejected a new directive by the Nigerian Content Development and Monitoring Board, NCDMB, over the 1% remittance, noting it is already taken by the International Oil Companies, IOC. They argued that they need not another certificate from NCDMB, “we vehemently reject it, the one we have is enough
- [Nigerian Stocks Lose N3.8 Trillion As Selloff Stretches To Fifth Session](https://www.thevaluechainng.com/nigerian-stocks-lose-n3-8-trillion-as-selloff-stretches-to-fifth-session/): …Insurance stocks lead declines as Dangote Sugar, ETI weigh on blue chips The Nigerian equities market extended its sell-off on Friday, August 14, 2026, shedding N3.8 trillion in the week after closing lower for a fifth consecutive session as investors continued locking in profits following the market’s record close earlier in the week. The benchmark
- [JEX Market Positions To Fix Nigeria’s Gas Market Risk, Pricing Gap](https://www.thevaluechainng.com/jex-market-positions-to-fix-nigerias-gas-market-risk-pricing-gap/): In a strategic move to bridge the structural gap between Nigeria’s vast natural gas reserves and a fully functioning domestic market, JEX Markets has unveiled plans to build a regulated trading exchange aimed at curbing counterparty risk and creating transparent price discovery. Operating as Nigeria’s pioneer licensed gas trading platform, the exchange seeks to transition
- [NUPRC Proposes Crude Swap To Cut Refinery Costs, Boost Supply](https://www.thevaluechainng.com/nuprc-proposes-crude-swap-to-cut-refinery-costs-boost-supply/): The Nigerian Upstream Petroleum Regulatory Commission has confirmed the commencement of consultations with relevant industry stakeholders on a domestic crude oil and gas swap arrangement aimed at cutting supply costs and ensuring more crude is available to Nigerian refineries. The initiative is expected to strengthen compliance with the Domestic Crude Supply Obligation and Domestic Gas
- [NUPRC, NMDPRA strengthen collaboration on petroleum sector regulation](https://www.thevaluechainng.com/nuprc-nmdpra-strengthen-collaboration-on-petroleum-sector-regulation/): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have renewed their commitment to closer coordination as they work to improve regulation across Nigeria’s petroleum industry. The NUPRC Chief Executive, Mrs Oritsemeyiwa Eyesan, made a return courtesy visit to the NMDPRA Chief Executive, Mallam Rabiu A. Umar, at
- [Global Oil Crisis: FG Reacts As 94 Countries Subsidise Fuel](https://www.thevaluechainng.com/global-oil-crisis-fg-reacts-as-94-countries-subsidise-fuel/): According to a reports on Friday, August 14, 2026, as the global energy shock triggered by the United States and Iran conflict bites harder, the Nigerian government has bluntly rejected calls to reinstate petrol subsidies. This stance comes even as 94 other nations implement price support measures to shield their citizens from soaring energy costs.
- [Oil Prices Drop On Demand Concerns](https://www.thevaluechainng.com/oil-prices-drop-on-demand-concerns/): Oil prices fell as weaker global demand forecasts and a sharp rise in U.S. crude inventories pressured the market. Brent dropped 2.47% to $86.78 a barrel, while WTI fell 2.81% to $80.93. Supply disruptions around the Strait of Hormuz and Russia offered some support. Thailand Q2 Growth Expected To Slow Thailand’s economy is expected to
- [Deep Offshore Tax Remission Order 2026: Recalibration Or Redistribution?](https://www.thevaluechainng.com/deep-offshore-tax-remission-order-2026-recalibration-or-redistribution/): President Bola Ahmed Tinubu’s signing of the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026 (DOEO 2026) deserves neither an automatic applause nor an instinctive criticism. My reaction is mixed — but constructively so, Wumi Iledare, Professor Emeritus of Petroleum Economics, a renown stakeholder has said in what he titled PEWI Commentary
- [Deep Offshore Incentive Order Will Accelerate Investment, Production Growth - Ojulari](https://www.thevaluechainng.com/deep-offshore-incentive-order-will-accelerate-investment-production-growth-ojulari/): The Nigerian National Petroleum Company Limited (NNPC) has welcomed the Federal Government's signing of the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, describing it as a landmark reform that significantly enhances Nigeria's competitiveness for deep offshore investment and strengthens the nation's pathway towards achieving its 3 million barrels of oil per
- [Over 10,000 Benefit From NNPC/Shell Vision First Initiative As Badagry Hosts Latest Outreach](https://www.thevaluechainng.com/over-10000-benefit-from-nnpc-shell-vision-first-initiative-as-badagry-hosts-latest-outreach/): The Vision First initiative of the Nigerian National Petroleum Company Limited (NNPC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) has continued to impact lives across Nigeria with more than 10,000 people benefitting from outreaches since its inception in 2022. The latest outreach holds this week in Badagry Local Government Area of Lagos State,
- [Development Finance, Advisory And Research Leaders Join Power Africa Today At AEW 2026](https://www.thevaluechainng.com/development-finance-advisory-and-research-leaders-join-power-africa-today-at-aew-2026/): *The conference takes place as part of AEW 2026 at CTICC 1 in Cape Town from October 12-16 The institutional architecture around African power investment has grown considerably more sophisticated in recent years, with multilateral lenders, specialized blended finance vehicles, global law firms and energy research houses all playing active roles in how projects are
- [Dangote Got 98% Of Crude Offered To Local Refineries In Q2 — NUPRC](https://www.thevaluechainng.com/dangote-got-98-of-crude-offered-to-local-refineries-in-q2-nuprc/): The development is significant for Nigeria’s refining ambitions as the country seeks to reduce its dependence on imported petroleum products by ensuring that domestic refineries have adequate crude feedstock The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a boost in the implementation of the Domestic Crude Supply Obligation (DCSO), with the Dangote Refinery
- [Manufacturers Urge CBN to Cut Interest Rates As Financing Costs Weigh On Industry](https://www.thevaluechainng.com/manufacturers-urge-cbn-to-cut-interest-rates-as-financing-costs-weigh-on-industry/): Nigeria’s manufacturers have called on the Central Bank of Nigeria (CBN) to ease monetary policy, arguing that elevated borrowing costs are constraining production, discouraging investment and slowing the growth of the country’s industrial sector. The appeal comes as manufacturers continue to contend with expensive bank credit, unstable electricity supply, limited access to foreign exchange, rising
- [Economic Reforms: Stop Deceiving Nigerians With Figures, Sowore Tells FG](https://www.thevaluechainng.com/economic-reforms-stop-deceiving-nigerians-with-figures-sowore-tells-fg/): …Says Nigerians are still multidimensionally poor…Faults subsidy removal, says policy deepened hardship Presidential candidate of the African Action Congress, AAC, Omoyele Sowore, has urged the Federal Government to stop relying on rising revenue and other macroeconomic figures to justify its economic reforms, saying such statistics have yet to translate into improved living conditions for Nigerians.
- [Oil Prices Rise On Hormuz Supply Concerns](https://www.thevaluechainng.com/oil-prices-rise-on-hormuz-supply-concerns/): By A Research Analyst Oil prices rose nearly 2% on Monday as uncertainty over the reopening of the Strait of Hormuz renewed supply concerns. Brent climbed 1.7% to $84.95 a barrel, while WTI rose 1.7% to $79.51. Iran’s conditions for reopening the key oil route heightened fears of further disruptions. A breakthrough could ease prices,
- [Again, Nigerian Filling Stations Cut Fuel Pump Prices As New Rates Emerge](https://www.thevaluechainng.com/again-nigerian-filling-stations-cut-fuel-pump-prices-as-new-rates-emerge/): According to a report by DAILY POST on Monday, August 10, 2026, some filling stations in Abuja have again reduced the pump price of petrol following a fresh price reduction announced by Dangote Refinery. A market survey conducted on Monday showed that several filling stations had adjusted their prices downward, giving motorists some relief amid
- [Valuechain Advisory Board Members Omar, Iledare Join World Energy Council](https://www.thevaluechainng.com/valuechain-advisory-board-members-omar-iledare-join-world-energy-council/): … As Nigeria Pushes for sustainable Energy By Jauhar Suleiman Salihu The World Energy Council Nigeria has formally inaugurated its new Board, signalling a strategic shift towards positioning Nigeria as a solutions-driven player in the global energy transition debate. For stakeholders across oil, gas, power and renewables, the key takeaway is not just the names
- [How Tinubu Dastardized Value Of The Naira In Record Time, By Ramalan Musa](https://www.thevaluechainng.com/how-tinubu-dastardized-value-of-the-naira-in-record-time-by-ramalan-musa/): The Nigerian Naira has had a long history of depreciation, but no period in the last 64 years of Nigeria’s existence can compare to the speed and scale of collapse witnessed under President Bola Ahmed Tinubu. Within 12 months of his administration, the Naira lost more value than it did in several decades combined. This
- [NRS STINKS: Adedeji Under Fire Over Alleged Secret $279m Oil Fund Transfer](https://www.thevaluechainng.com/nrs-stinks-adedeji-under-fire-over-alleged-secret-279m-oil-fund-transfer/): -How multimillion-dollar Frontier Exploration cash vanished without authorization-Stakeholders cry foul over unauthorized movement of critical oil assets-Questions mount over destination of funds amid Executive Order 9 controversy Fresh controversy has enveloped the management of Nigeria’s Frontier Exploration Fund following allegations that $279 million was secretly transferred from the fund’s escrow account without the approval of
- [Licensing Round Outcomes and Production Performance](https://www.thevaluechainng.com/licensing-round-outcomes-and-production-performance/): The Nigerian National Petroleum Company (NNPC) Limited continues to record steady growth in national crude oil and gas production, reinforcing the Company’s transformation into a fully commercial, globally competitive energy company. Against this backdrop of demonstrableprogress, the Company has noted recent media commentary, credited to the Oil and Gas Professionals Forum (OGPF), questioning the performance
- [Nigerians Earning N150,000–N250,000 Feel Inflation Most — CBN](https://www.thevaluechainng.com/nigerians-earning-n150000-n250000-feel-inflation-most-cbn/): Nigerians earning between N150,000 and N250,000 per month were the most likely to perceive inflation as high in July 2026, according to the Central Bank of Nigeria’s latest Inflation Expectations Survey. The findings were contained in the CBN’s July 2026 Inflation Expectations Survey Report, released by the Statistics Department under the Economic Policy Directorate. The
- [Dangote Eyes New Investments, Acquisitions as Goldman Sachs Tours Refinery](https://www.thevaluechainng.com/dangote-eyes-new-investments-acquisitions-as-goldman-sachs-tours-refinery/): Nigerian businessman and chief executive of Dangote Industries Limited, Mr Aliko Dangote, has unveiled plans for a new phase of investments and acquisitions as the conglomerate pushes towards its target of generating $100 billion in annual revenue by 2030. Mr Dangote disclosed this while receiving a delegation of senior executives from global investment banking and
- [PTDF Aligns Specialised Institutions With Tinubu’s $1tn Economy Target](https://www.thevaluechainng.com/ptdf-aligns-specialised-institutions-with-tinubus-1tn-economy-target/): Key points PTDF says its specialised institutions will support President Bola Tinubu’s goal of building a $1 trillion economy by 2030. The fund inaugurated a committee to review academic programmes at the General Shehu Musa Yar’Adua University of Geological Sciences and Engineering Technology. PTDF says the university and a new skills centre in Port Harcourt
- [High taxation, insecurity, high interest rates top constraints facing Nigerian businesses – Survey](https://www.thevaluechainng.com/high-taxation-insecurity-high-interest-rates-top-constraints-facing-nigerian-businesses-survey/): Despite these constraints, the Business Confidence Index (BCI) remained positive in July, reflecting sustained optimism across all review horizons Businesses in Nigeria identified high or multiple taxation, insecurity and high interest rates as the top three constraints they faced in July, according to the latest Business Expectations Survey (BES) released by the Central Bank of
- [Brazil’s $3bn green fuel project offers new test to Dangote’s aviation fuel ambitions](https://www.thevaluechainng.com/brazils-3bn-green-fuel-project-offers-new-test-to-dangotes-aviation-fuel-ambitions/): Brazil’s $3 billion investment in macauba palm to produce a plant-based jet fuel, is set to put Dangote’s aviation fuel ambitions to new test. The project, called green fuel or Sustainable Aviation Fuel (SAF), significantly challenges the global aviation industry as the investment prepares to turn a native Brazilian fruit, the macauba palm, into a
- [Trillions Spent, Refineries Silent: The Awakening of Sleeping Giants](https://www.thevaluechainng.com/trillions-spent-refineries-silent-the-awakening-of-sleeping-giants/): Between 2020 and 2025, Nigeria poured an astonishing ₦11.349 trillion, alongside $592.9 million, €4.88 million, and £3.46 million, into the rehabilitation and turnaround maintenance of its refineries, according to relevant sources. Yet, despite this colossal outlay, the nation’s refineries remain silent, their machinery idle, their promise unfulfilled. For years, taxpayers have watched as funds meant to breathe life
- [What Is Stopping Nigeria From Printing Its Own Currency?](https://www.thevaluechainng.com/what-is-stopping-nigeria-from-printing-its-own-currency/): Nigeria owns one of West Africa’s most established security-printing companies. Yet foreign contractors handled most of the country’s banknote orders in 2025. The Central Bank of Nigeria approved the production of 5.71 billion banknotes during the year. This was up 20.5 per cent from 4.74 billion in 2024. The CBN allocated only two billion notes to
- [Subsidy Removal Couldn’t Make Nigerians Richer Overnight – Oyedele](https://www.thevaluechainng.com/subsidy-removal-couldnt-make-nigerians-richer-overnight-oyedele/): The Minister of Finance and Coordinating Minister of the Economy, has defended the Federal Government’s economic reforms, saying the initial rise in poverty was an inevitable consequence of correcting years of economic distortions. Speaking during an interview with the (NOA) on Wednesday, Taiwo Oyedele said the removal of fuel subsidy and other fiscal reforms were
- [Fuel Relief Ahead: Petrol, Diesel Prices Set for Fresh Cut as Dangote Reduces Ex-Depot Rates](https://www.thevaluechainng.com/fuel-relief-ahead-petrol-diesel-prices-set-for-fresh-cut-as-dangote-reduces-ex-depot-rates-2/): According to a report by DAILY POST on Thursday 6 August 2026; Nigerians could soon pay less for petrol and diesel after Dangote Refinery announced another reduction in its ex-depot prices, a move expected to lower pump prices across the country in the coming days. The refinery reduced the gantry price of Premium Motor Spirit
- [Fuel Relief Ahead: Petrol, Diesel Prices Set for Fresh Cut as Dangote Reduces Ex-Depot Rates](https://www.thevaluechainng.com/fuel-relief-ahead-petrol-diesel-prices-set-for-fresh-cut-as-dangote-reduces-ex-depot-rates/): According to a report by DAILY POST on Thursday 6 August 2026; Nigerians could soon pay less for petrol and diesel after Dangote Refinery announced another reduction in its ex-depot prices, a move expected to lower pump prices across the country in the coming days. The refinery reduced the gantry price of Premium Motor Spirit
- [NMDPRA proposes ban on fuel price fixing in new anti-competitive regulations](https://www.thevaluechainng.com/nmdpra-proposes-ban-on-fuel-price-fixing-in-new-anti-competitive-regulations/): The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is proposing new rules that would prohibit petroleum companies from coordinating fuel prices, restricting supply, or engaging in market-sharing arrangements that distort competition across Nigeria’s midstream and downstream oil and gas sector. The proposal is contained in the newly released Midstream and Downstream Petroleum Prevention of
- [Shell Pledges Support For Nigeria’s Energy Journey](https://www.thevaluechainng.com/shell-pledges-support-for-nigerias-energy-journey/): Shell will continue to support Nigeria in its efforts to build a secure energy future through investments and efficient delivery of its businesses in Nigeria, General Manager, Development and Subsurface Shell Nigeria Deepwater, Kun Jiang said so recently while delivering the sponsor’s remarks at the 49th edition of the Nigeria Annual International Conference and Exhibition
- [FIFA Investigates Spain vs Argentina World Cup final Fracas](https://www.thevaluechainng.com/fifa-investigates-spain-vs-argentina-world-cup-final-fracas/): Agency reports, recorded by Saidu Abubakar Spain secured their second World Cup title by defeating a 10-man Argentina 1–0 in extra time on Sunday, 19th July, 2026 at the MetLife Stadium in New Jersey. The tournament's aftermath is now being dominated by FIFA investigations into post-match confrontations between players and coaching staff, the mass exodus
- [Plugging the Revenue Leak](https://www.thevaluechainng.com/plugging-the-revenue-leak/): With a N333bn payout and a N729bn bond issuance, the Federal Government turns to capital markets to rescue Nigeria’s power grid. But will it be enough to end the blackouts? By Jauhar Suleiman Salihu The Federal Government has disbursed about N333 billion to 8 electricity Generation Companies under the Presidential Power Sector Debt Reduction Programme.
- [Can NIMASA's Blue Economy Accelerator Transform Nigeria's Maritime Sector?](https://www.thevaluechainng.com/can-nimasas-blue-economy-accelerator-transform-nigerias-maritime-sector/): By Anscella Obike Nigeria's blue economy has long been associated with shipping, ports, offshore oil and gas, and maritime trade. However, the launch of the Nigerian Maritime Administration and Safety Agency's (NIMASA) Blue Economy Accelerator Programme marks an important shift towards positioning innovation, entrepreneurship and technology as the next frontier for unlocking the country's vast
- [Closing Nigeria's Housing Deficit Through Partnership](https://www.thevaluechainng.com/closing-nigerias-housing-deficit-through-partnership/): By Adaobi Rhema Oguejiofor Nigeria's housing challenge has remained one of the country's most persistent development setbacks. Rapid urbanisation, population growth, rising construction costs and limited access to affordable housing finance have left millions of Nigerians without decent homes. With the country's housing shortfall estimated at 17 million units, the search for practical and sustainable
- [NCDMB Opens 10th National Undergraduate Essay Competition](https://www.thevaluechainng.com/ncdmb-opens-10th-national-undergraduate-essay-competition/): For thousands of young Nigerians dreaming of contributing to the nation’s energy future, the Nigerian Content Development and Monitoring Board (NCDMB) is once again opening a door to opportunity through its Annual National Undergraduate Essay Competition. The Board has announced that entries for the 10th edition of the prestigious competition will open on August 15, inviting undergraduate
- [From Oil Wells to Server Halls](https://www.thevaluechainng.com/from-oil-wells-to-server-halls/): By Adaobi Rhema Oguejiofor For decades, Africa's economic fortunes were defined by the resources beneath its soil. Oil in Nigeria and Angola, gas in Mozambique, and mineral deposits across the continent attracted billions of dollars in investment and shaped national development strategies. Today, however, a different resource is driving global interest. It cannot be extracted
- [Connecting Minerals, Markets and Megawatts Across West Africa](https://www.thevaluechainng.com/connecting-minerals-markets-and-megawatts-across-west-africa/): By Anscella Obike Nigeria's proposal for a Lagos-Dakar Minerals Processing Corridor is emerging as one of the continent's most ambitious industrial integration projects, with implications extending far beyond mining. While the initiative has been framed as a strategy to end West Africa's dependence on exporting raw minerals, analysts believe its greatest long-term impact could be
- [Runway Excursion at Benin Airport: Lessons in Airside Safety and Operational Readiness](https://www.thevaluechainng.com/runway-excursion-at-benin-airport-lessons-in-airside-safety-and-operational-readiness/): By Anscella Obike The runway excursion involving Enugu Air Flight 4264 at Benin Airport on July 23 has once again highlighted the fine line between effective aviation safety management and the high economic costs that accompany operational disruptions in Nigeria's domestic aviation sector. The Embraer E170 aircraft, registered 5N-ENR, was arriving from Lagos with 63
- [Beyond Crowdfunding: Ngozi Nwosu’s Medical Appeal Exposes Nollywood’s Welfare Crisis](https://www.thevaluechainng.com/beyond-crowdfunding-ngozi-nwosus-medical-appeal-exposes-nollywoods-welfare-crisis/): By Anscella Obike Veteran actress Ngozi Nwosu's emotional appeal for N30 million to undergo three life-saving surgeries has once again exposed a troubling reality beneath Nollywood's international success story. While Nigeria's film industry continues to earn global acclaim, attract international streaming deals and cement its position as Africa's largest movie market, many of the actors
- [The Tariff Dilemma Facing Nigeria's Auto Industry](https://www.thevaluechainng.com/the-tariff-dilemma-facing-nigerias-auto-industry/): By Adaobi Rhema Oguejiofor Nigeria's automotive industry is at a crossroads as the Federal Government pushes ahead with fiscal reforms designed to liberalise trade and strengthen regional integration. While manufacturers support these reforms, they warn that opening the market too quickly could undermine local vehicle production before it is strong enough to compete. The Nigerian
- [Health Sector Renewal: The Facts, The Progress, The Commitment?](https://www.thevaluechainng.com/health-sector-renewal-the-facts-the-progress-the-commitment/): By Adaobi Rhema Oguejiofor For many Nigerians, the journey to receiving quality healthcare is often marked by long waiting times, overstretched medical facilities, expensive medications and the growing fear that the country's best doctors and nurses are leaving for greener pastures abroad. These realities have fuelled conversations about the state of Nigeria's healthcare system and
- [The New Luxury Elevates Everyday Living Effortlessly](https://www.thevaluechainng.com/the-new-luxury-elevates-everyday-living-effortlessly/): Coffee and focused attention shape outcomes over time. Learn to protect your attention and design the future you want.
- [Rising Waters, Looming Risks: Navigating Flood Warnings Across 17 States](https://www.thevaluechainng.com/rising-waters-looming-risks-navigating-flood-warnings-across-17-states/): The Nigeria Hydrological Services Agency (NIHSA) issued a crucial National Flood Advisory (Alert No. NFA-2026-200), placing 17 states on a high-alert status due to rapidly rising river levels and the imminent threat of flash floods. The advisory identifies a broad stretch of vulnerable regions, including Adamawa, Bauchi, Benue, Borno, Edo, Gombe, Imo, Jigawa, Kaduna, Kano,
- ['Proper Regulation is an Incentive for Investment'](https://www.thevaluechainng.com/proper-regulation-is-an-incentive-for-investment/): —Engr. Zayyanu Tambari Yabo Engr. Zayyanu Tambari Yabo (FNSE) is a chemical engineer and regulatory professional with significant experience in Nigeria's midstream and downstream oil and gas industry. As Chief Compliance Officer of the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (PI-CNG & EV), he plays an important role in advancing compliance, safety,
- [Bird Flu Returns: Is Nigeria’s Poultry Industry Prepared?](https://www.thevaluechainng.com/bird-flu-returns-is-nigerias-poultry-industry-prepared/): By Ese Ufuoma Every egg on a supermarket shelf and every chicken sold in an open market begins its journey on a poultry farm. Long before it reaches a family’s kitchen, it passes through hatcheries, feed mills, poultry houses, veterinary inspections, transporters and traders. It is a chain that employs millions of people and feeds
- [African Energy Week 2026: Can Energy Unity Rise Above South Africa's Xenophobia?](https://www.thevaluechainng.com/african-energy-week-2026-can-energy-unity-rise-above-south-africas-xenophobia-2/): By William Emmanuel Ukpoju As Africa prepares for the next edition of African Energy Week (AEW) 2026, the continent faces two sharply contrasting realities. On one hand is a premier energy investment platform that has spent years promoting African resources, attracting billions of dollars in investment commitments and projecting Africa as a destination for global
- [The Technology Challenge Behind Nigeria's 61% Local Content Milestone ](https://www.thevaluechainng.com/the-technology-challenge-behind-nigerias-61-local-content-milestone/): By Silverline Ifeanyi Onyeabor For much of Nigeria's oil and gas history, the country's role was largely confined to providing crude oil while foreign companies supplied the technology, engineering expertise and sophisticated equipment needed to develop its hydrocarbon resources. Offshore platforms were designed abroad, critical components were manufactured overseas, and Nigerian participation was largely restricted
- [The $7 Billion Upstream Litmus Test: Will Local Capacity Win or Will Capital Fly Abroad?](https://www.thevaluechainng.com/the-7-billion-upstream-litmus-test-will-local-capacity-win-or-will-capital-fly-abroad/): By Silverline Ifeanyi Onyeabor When Nigeria's upstream petroleum industry began losing investment to emerging hydrocarbon destinations across Africa, many observers feared the country's era as the continent's preferred oil and gas investment destination was gradually fading. Years of delayed regulatory reforms, divestments from onshore assets, security challenges, and uncertainty surrounding fiscal terms had slowed the
- [Energy’s Biggest Skills Gap: Jobs the Industry Can’t Fill](https://www.thevaluechainng.com/energys-biggest-skills-gap-jobs-the-industry-cant-fill/): By Ese Ufuoma Across the world’s energy industry, companies are investing billions of dollars in new oil and gas projects, offshore developments, refineries, liquefied natural gas plants and renewable energy infrastructure. Yet many are discovering that money alone cannot solve one of their biggest problems. “They cannot find enough people to do the work." It
- [The Hidden World of Subsea Pipelines, Robots and Offshore Technology](https://www.thevaluechainng.com/the-hidden-world-of-subsea-pipelines-robots-and-offshore-technology/): By Ese Ufuoma The world’s most valuable energy highways are not found on land. They lie beneath the oceans, hidden under layers of seawater where sunlight never reaches and the pressure is powerful enough to crush ordinary equipment. Every day, oil and natural gas travel through thousands of kilometres of subsea pipelines that connect offshore
- [Dangote's Dollar U-Turn Tests Nigeria's Deregulated Petroleum Market](https://www.thevaluechainng.com/dangotes-dollar-u-turn-tests-nigerias-deregulated-petroleum-market/): Prof. Wumi Iledare Says the Real Issue Is Not the Currency But Whether Competition Can Keep the Market Honest By William Emmanuel Ukpoju Ngeria's downstream petroleum sector has once again found itself at the centre of national economic debate. Within weeks of announcing plans to sell refined petroleum products in United States dollars, Dangote Petroleum
- [NCDMB, BOI Inaugurate Committee for $100m Nigerian Content Equity Fund](https://www.thevaluechainng.com/ncdmb-boi-inaugurate-committee-for-100m-nigerian-content-equity-fund/): ...To Invest $5m in Oil Firms In a move to provide a new financing solution to the Nigerian oil and gas service sector, and accelerate local content growth, the Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BOI) on Friday in Lagos inaugurated the Investment Committee of the Nigerian Content Equity
- [African Energy Week 2026: Can Energy Unity Rise Above South Africa's Xenophobia?](https://www.thevaluechainng.com/african-energy-week-2026-can-energy-unity-rise-above-south-africas-xenophobia/): By William Emmanuel Ukpoju As Africa prepares for the next edition of African Energy Week (AEW) 2026, the continent faces two sharply contrasting realities. On one hand is a premier energy investment platform that has spent years promoting African resources, attracting billions of dollars in investment commitments and projecting Africa as a destination for global
- [Maximising Petroleum Resource Value through Regulatory Excellence in the PIA Era:  A Petroleum Economics Assessment of the Role of the Petroleum Commission of Nigeria](https://www.thevaluechainng.com/maximising-petroleum-resource-value-through-regulatory-excellence-in-the-pia-era-a-petroleum-economics-assessment-of-the-role-of-the-petroleum-commission-of-nigeria/): Introduction As Nigeria approaches the fifth anniversary of the Petroleum Industry Act (PIA) 2021, attention should shift from legislative reform to institutional performance. The Act fundamentally restructured the petroleum sector by separating policy, commercial, and regulatory responsibilities and establishing the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as the upstream regulator. Since then, the Commission has
- [Nigeria-Morocco Gas Pipeline: A $25 Billion Project That Could Transform West Africa](https://www.thevaluechainng.com/nigeria-morocco-gas-pipeline-a-25-billion-project-that-could-transform-west-africa/): From Nigeria's vast gas reserves to Morocco's gateway to Europe, the African Atlantic Gas Pipeline is far more than a mega-infrastructure project. It is an audacious attempt to rewrite West Africa's economic geography, deepen regional integration and finally convert the continent's abundant gas wealth into industrial prosperity. By Gideon Osaka There are moments in history
- [The Big Fight Is Here, UEFA Votes 55-0 To Boycott All FIFA Tournaments](https://www.thevaluechainng.com/the-big-fight-is-here-uefa-votes-55-0-to-boycott-all-fifa-tournaments/): '...Fierce political and institutional clash' By Saidu Abubakar It may sound absurd but it’s real. Or could it be travesty of interest that has set in? What a post-2026 FIFA World Cup gift to the football world. That UEFA’s 55-member nations have voted 55-0 to boycott all FIFA tournaments is no longer news. It's the
- [Shell Bids Farewell To Marno As Elohor Assumes New Role](https://www.thevaluechainng.com/shell-bids-farewell-to-marno-as-elohor-assumes-new-role/): Shell Companies in Nigeria recently hosted outgoing Executive Vice President Nigeria and Country Chair, Marno de Jong to a rousing send forth as former Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo) Elohor Aiboni returns from a foreign posting to take up the role. Stakeholders from government, the energy industry and professional
- [Petroleum Minister Commends NCDMB For Community-Focused Interventions](https://www.thevaluechainng.com/petroleum-minister-commends-ncdmb-for-community-focused-interventions/): The Minister of State for Petroleum Resources (Gas), Rt. Hon. Obongemem Ekperikpe Ekpo, on Saturday commended the Nigerian Content Development and Monitoring Board (NCDMB) for demonstrating that Local Content Policy could be a force for transforming lives and creating socio-economic value through community-focused interventions. Revealing the Minister's assertion in a statement was Obinna Ezeobi, PhD,
- [NCDMB Commends Brentex on $50m Facility, Assures of Industry Patronage](https://www.thevaluechainng.com/ncdmb-commends-brentex-on-50m-facility-assures-of-industry-patronage/): The Nigerian Content Development and Monitoring Board (NCDMB) has lauded Brentex Petroleum Services Limited on the significant progress recorded on its Steel Pipe Induction Bending and Coating Facility at the Federal Ocean Terminal (FOT), Onne Port, Rivers State, describing it as a landmark industrial project and a major demonstration of Nigeria's growing status as a
- [Nigerian Content Trainers' Registration Certificate Goes Live Monday ](https://www.thevaluechainng.com/nigerian-content-trainers-registration-certificate-goes-live-monday/): The Nigerian Content Development and Monitoring Board (NCDMB) will on Monday, July 27, 2026, officially launch the Nigerian Content Trainers' Registration Certificate (NCTRC), marking a significant milestone in the Board's efforts to strengthen quality assurance and standardisation in human capacity development across Nigeria's oil and gas industry. The platform will be live on the Nigerian Oil and Gas Industry Content Joint
- [Jonathan Credits China’s Model For Shaping Nigeria’s Local Content Policy](https://www.thevaluechainng.com/jonathan-credits-chinas-model-for-shaping-nigerias-local-content-policy/): ...Applauds NCDMB’s Milestones Former President Goodluck Ebele Jonathan on Monday at the Nigerian Content Tower (NCT), Yenagoa, expressed his sense of fulfilment at the enactment of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010, and the many benefits that have accrued to Nigeria at the national and community levels since the emergence of the Nigerian
- [Nigeria's Debt Figures Exaggerated - Finance Minister Tells Senate C'ttee](https://www.thevaluechainng.com/nigerias-debt-figures-exaggerated-finance-minister-tells-senate-cttee/): …Says FG has not borrowed anything near N80trillion being bandied…As Senators lament non-implementation of 2026 budget By A Special Correspondent The Federal Government of Nigeria declared Monday that the Nation's debt profile is exaggerated as monies borrowed under President Bola Ahmed Tinubu within the last three years, are nowhere near the N80trillion being bandied by
- [NUPRC Holds Nigeria 2025 Commercial Bid Conference](https://www.thevaluechainng.com/nuprc-holds-nigeria-2025-commercial-bid-conference/): ...As Race for 50 Oil and Gas Blocks Begins The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has invited qualified companies to the highly anticipated commercial Bid Conference slated for July 21, 2026. These companies which scaled through the transparent and rigorous process have been notified and are expected to physically attend the Commercial Bid Conference
- [NMDPRA Gives Figures Of Imported Fuel In June As Domestic Supply Drops](https://www.thevaluechainng.com/nmdpra-gives-figures-of-imported-fuel-in-june-as-domestic-supply-drops/): The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), in its factsheet released on Monday, has revealed that oil marketers imported about 18.1 million litres per day (lpd) of petrol in June 2026, up from 5.9 million lpd imported in May, as supply to the domestic market from the Dangote Refinery decreased during the month
- [Senator Monguno questions budget implementation](https://www.thevaluechainng.com/senator-monguno-questions-budget-implementation/): …Says Failure to Execute Appropriation Act Is ‘Impeachable Offence’ Senator Tahir Monguno has questioned the Federal Government’s poor budget implementation despite improved revenue performance, arguing that failure to execute an Appropriation Act amounts to a breach of the law and is “an impeachable offence.” Speaking during a Senate engagement the Minister of Finance and coordinating
- [GenCos Debts: FG To Issue Fresh N729bn Bond](https://www.thevaluechainng.com/gencos-debts-fg-to-issue-fresh-n729bn-bond/): The federal government will soon issue a fresh N729 billion bond to settle verified legacy debts owed to electricity generation companies (GenCos), marking another major step in its plan to restore liquidity and financial stability across Nigeria’s power sector. The bond forms the second tranche of the first phase of the N4 trillion Presidential Power
- [NERC Mandates Comprehensive National Grid Audit Every Five Years](https://www.thevaluechainng.com/nerc-mandates-comprehensive-national-grid-audit-every-five-years/): The Nigerian Electricity Regulatory Commission (NERC) has introduced new regulations requiring the country’s electricity transmission network to undergo a comprehensive technical audit at least once every five years in a move aimed at improving the reliability, safety and efficiency of the national grid. The Commission announced the new Guidelines on the Procedures for Technical Audit
- ['FG To Adopt New Scorecard To Measure Economic Performance'](https://www.thevaluechainng.com/fg-to-adopt-new-scorecard-to-measure-economic-performance/): The Minister of Finance, Taiwo Oyedele, has said that the Federal Government will adopt a new framework for assessing Nigeria’s economic performance. According to him, the government is shifting emphasis from headline growth figures to measurable improvements in living standards and shared prosperity. Oyedele disclosed the initiative at the BusinessDay CEO Forum 2026, where he
- [Nigeria On Track To Hit 3mbpd Oil Target By 2030, Says NUPRC Boss](https://www.thevaluechainng.com/nigeria-on-track-to-hit-3mbpd-oil-target-by-2030-says-nuprc-boss/): Nigeria remains on course to achieve its target of producing 3 million barrels of crude oil per day by 2030, with ongoing reforms, faster regulatory approvals and renewed investment expected to sustain the country’s production recovery. This was disclosed by the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs Oritsemeyiwa Eyesan, who
- [Value Added Tax: States pocket N2.37tn under new national tax regime](https://www.thevaluechainng.com/value-added-tax-states-pocket-n2-37tn-under-new-national-tax-regime/): According to an official fiscal tracking report published by *The PUNCH* on Monday morning, July 20, 2026, Nigeria’s 36 states and the Federal Capital Territory have successfully pulled a combined total of N2.37 trillion from the Value Added Tax (VAT) pool. The multi-trillion naira distribution comes under the federal government's newly overhauled national tax allocation
- [Nigeria Built Refineries, Yet Dollar Sets Petrol Prices](https://www.thevaluechainng.com/nigeria-built-refineries-yet-dollar-sets-petrol-prices/): Nigeria’s petrol market has entered another period of uncertainty. This time, the problem is not simply whether the country has enough refining capacity. The deeper issue is that Nigeria may now refine more fuel locally, yet the price Nigerians pay remains tied to the dollar. Some petroleum marketers have suspended fresh petrol purchases after depot
- [Imported Petrol Costlier Than Local Supply, IPMAN Warns](https://www.thevaluechainng.com/imported-petrol-costlier-than-local-supply-ipman-warns/): …Urges NMDPRA to review import licences …Naira weakness pushes landing cost to N1,190.96 — MEMAN The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned that recent import licences granted for petrol are making fuel more expensive and harming the naira. The association called on the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to
- [Spain Beat Argentina To Win World Cup For Second Time](https://www.thevaluechainng.com/spain-beat-argentina-to-win-world-cup-for-second-time/): By Saidu Abubakar The venue was New York New Jersey Stadium, East Rutherford in the presence of American President, Donald Trump who watched the World Cup final sitting in a box behind bullet-proof glass with First Lady Melania Trump, Barron Trump, and FIFA President Gianni Infantino where he and Infantino jointly presented the trophy to Spain's
- [NCDMB, Renaissance Begin Training For 300 Nigerians In Oil And Gas Field Readiness](https://www.thevaluechainng.com/ncdmb-renaissance-begin-training-for-300-nigerians-in-oil-and-gas-field-readiness/): The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Renaissance Africa Energy Company Limited, has commenced a specialised human capital development programme aimed at equipping 300 young Nigerians with industry-relevant skills in mechanical, electrical and instrumentation engineering. According to a statement by Obinna Ezeobi, PhD, General Manager, Corporate Communications Division of [he NCDMB,
- [Energy Crisis Remains Nigeria’s Biggest Obstacle to Industrialization – Emir Sanusi](https://www.thevaluechainng.com/energy-crisis-remains-nigerias-biggest-obstacle-to-industrialization-emir-sanusi/): The Emir of Kano, Muhammadu Sanusi II, on Friday said Nigeria’s inability to provide reliable, affordable and sustainable energy remained the country’s greatest obstacle to industrialisation, economic growth and national development. Sanusi stated this while delivering the keynote address at the birthday symposium of former Minister of Power and Chairman of Geometric Power Group, Prof.
- [EAC States Struggle To Meet Single-Currency Convergence Rules](https://www.thevaluechainng.com/eac-states-struggle-to-meet-single-currency-convergence-rules/): The East African Community's ambition to launch a single currency remains constrained by a widening gap between institutional preparations and economic reality, after the bloc's own budget disclosure showed no evidence that any partner state has met all the conditions required to join the monetary union. •The EAC's FY2026/27 Budget Speech, delivered by Council of
- [Five Nigerian Football Stars Who Have Built Off Pitch Businesses](https://www.thevaluechainng.com/five-nigerian-football-stars-who-have-built-off-pitch-businesses/): Professional football careers are notoriously short, which forces elite athletes to think about their post-sport careers very early. While many stars struggle to manage their wealth after hanging up their boots, several Nigerian legends have transitioned smoothly into corporate boardrooms. These individuals successfully used their pitch-side earnings to create sustainable local enterprises, establishing a vital
- [Reps vow to repeal obsolete laws hindering businesses](https://www.thevaluechainng.com/reps-vow-to-repeal-obsolete-laws-hindering-businesses/): Speaker of the House of Representatives, Hon. Abbas Tajudeen, has pledged that the National Assembly would repeal obsolete laws that hinder business growth as part of efforts to improve Nigeria’s investment climate, boost competitiveness and accelerate economic transformation. Abbas assured investors and business owners that the House would pursue legislative measures aimed at guaranteeing regulatory
- [Nigeria: Paradox Of Poor Citizens In A Rich Nation](https://www.thevaluechainng.com/nigeria-paradox-of-poor-citizens-in-a-rich-nation/): Few countries in the world embody the contradiction between wealth and poverty as starkly as Nigeria. Blessed with abundant crude oil, one of the largest natural gas reserves in Africa, vast deposits of solid minerals, fertile agricultural land, and a youthful, entrepreneurial population, Nigeria should be a model of prosperity. Instead, it has become a
- [Recent World Bank, IMF Data On Nigeria Says Nearly 8 in 10 = Poor + At Risk](https://www.thevaluechainng.com/recent-world-bank-imf-data-on-nigeria-says-nearly-8-in-10-poor-at-risk/): Compiled by Saidu Abubakar About 139 million Nigerians (61% of the population) live below the national poverty line, surviving on less than the equivalent of a few dollars a day, while 79% remain near-poor or vulnerable to falling back into poverty, a recent World Bank and IMF reports on Nigeria have shown. Despite macroeconomic stabilization
- [No N210tn Missing From NNPC Accounts – Bala Wunti Tells Senate](https://www.thevaluechainng.com/no-n210tn-missing-from-nnpc-accounts-bala-wunti-tells-senate/): Former Group General Manager of the National Petroleum Investment Management Services (NAPIMS), Alhaji Bala Wunti, has assured the Senate that no ₦210 trillion is missing from the Nigerian National Petroleum Company Limited (NNPC Ltd.) accounts, describing the claim as a misunderstanding of standard accounting entries. Testifying before the Senate Committee reviewing NNPC Ltd.’s 2023 audited
- [NUPRC Advocates Peaceful Environment For Project Implementation](https://www.thevaluechainng.com/nuprc-advocates-peaceful-environment-for-project-implementation/): …Lauds TotalEnergies for peace at OML 58 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said yesterday that the Host Community Development Trust (HCDT) Fund can be implemented only in a peaceful community. This was posted on the commission’s X handle on Thursday. “But these projects can only be implemented successfully in a peaceful community,” said
- [2030 Oil, Gas Targets Requires $38.3bn Investment, Verheijen Says](https://www.thevaluechainng.com/2030-oil-gas-targets-requires-38-3bn-investment-verheijen-says/): The Special Adviser to the President on Energy, Mrs Olu Verheijen, has said Nigeria requires about $38.3 billion in fresh investment to sustain current oil and gas production and achieve its 2030 output targets. Speaking at the recently concluded 25th NOG Energy Week Conference and Exhibition in Abuja, Mrs Verheijen said global investors are now
- [NUPRC To Reveal Successful Bidders for 50 Oil, Gas Assets July 21](https://www.thevaluechainng.com/nuprc-to-reveal-successful-bidders-for-50-oil-gas-assets-july-21/): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will, at the Commercial Bid Conference, announce the successful bidders for 50 oil and gas blocks in the 2025 Licensing Round on July 21, 2026. The regulator said the conference would conclude an eight-month licence round that began on December 1, 2025, after President Bola Tinubu approved the
- [79% of Nigerians Face Poverty Despite Tinubu’s Reforms – World Bank Reveals](https://www.thevaluechainng.com/79-of-nigerians-face-poverty-despite-tinubus-reforms-world-bank-reveals/): Despite nearly three years of sweeping economic reforms introduced by President Bola Tinubu’s administration, about 79 per cent of Nigerians remain poor or vulnerable to falling into poverty, according to a new World Bank report.The findings are contained in the World Bank’s newly approved Country Partnership Framework for Nigeria covering 2026 to 2032 and its
- [Boost For Nigerian Content As Shell Awards $518 million Contracts In 2025](https://www.thevaluechainng.com/boost-for-nigerian-content-as-shell-awards-518-million-contracts-in-2025/): Shell Companies in Nigeria awarded contracts worth $518 million to indigenous companies last year in a big boost to the development of Nigerian content in oil and gas operations. Similarly, some 123 indigenous companies were engaged across the value chain of Shell businesses in Nigeria in the same period. “The payments show a strong support
- [NNPC's ₦210Trn: Senate Gives External Auditors One-Week For Details](https://www.thevaluechainng.com/nnpcs-₦210trn-senate-gives-external-auditors-one-week-for-details/): The Senate has given the external auditors of the Nigerian National Petroleum Company Limited (NNPC Ltd.) a one-week ultimatum to provide a detailed breakdown of over ₦210 trillion recorded in the company’s audited financial statements, which lawmakers said remained unexplained. The Senate said the auditors, having signed off on the company’s accounts, must produce the
- [World Cup Budget: Atiku Faults N6.44bn Allocation, Seeks Independent Investigation](https://www.thevaluechainng.com/world-cup-budget-atiku-faults-n6-44bn-allocation-seeks-independent-investigation/): According to Daily Post, published on Wednesday, July 15, 2026, African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has criticised the inclusion of N6.44 billion for a presidential support group for the 2026 World Cup qualifiers in Nigeria’s budget. Atiku, in a statement issued by his media aide, Phrank Shaibu, questioned the rationale behind the
- [How Business Confidence Fell In June, CBN Survey Reveals](https://www.thevaluechainng.com/how-business-confidence-fell-in-june-cbn-survey-reveals/): Business confidence among Nigerian firms weakened in June 2026, as rising operational costs and macroeconomic pressures weighed on sentiment, according to the Central Bank of Nigeria’s Business Expectations Survey (BES). The survey showed the Business Confidence Index (BCI) fell to 7.2 points in June, down from 7.9 points in May, reflecting a slight deterioration despite
- [Dangote Refinery Begins Pricing Local Fuel Sales In Dollars](https://www.thevaluechainng.com/dangote-refinery-begins-pricing-local-fuel-sales-in-dollars/): Nigeria’s downstream petroleum sector is bracing for renewed foreign exchange (FX) pressure after Dangote Petroleum Refinery scrapped its naira-denominated pricing model for petrol, diesel and aviation fuel, replacing it with a dollar-based framework that ties domestic fuel prices directly to exchange rate movements. The change, announced in a notice to marketers and customers dated July
- [‘Nigeria must move beyond energy reforms to implementation’](https://www.thevaluechainng.com/nigeria-must-move-beyond-energy-reforms-to-implementation/): Experts and stakeholders in Nigeria’s energy sector have urged the Federal Government to shift its focus from policy formulation to effective implementation of reforms, arguing that disciplined execution is essential to unlocking the country’s vast energy potential and driving sustainable economic growth. The call was made at the Annual Personality Lecture organised by the Centre for Petroleum,
- [FG Inaugurates Advisory Committee To Drive Economic Reforms](https://www.thevaluechainng.com/fg-inaugurates-advisory-committee-to-drive-economic-reforms/): The Federal Government has inaugurated a Ministerial Advisory Committee (MAC) to provide strategic guidance on Nigeria's fiscal and macroeconomic reforms, with a focus on strengthening economic growth, public financial management and evidence-based policymaking. The committee was inaugurated on Tuesday in Abuja by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, who
- [Oil Extends Gains After Latest US Strikes, Tech Suffers More Losses](https://www.thevaluechainng.com/oil-extends-gains-after-latest-us-strikes-tech-suffers-more-losses/): ...Tech firms were once again in the crosshairs, with South Korea's Kospi extending a painful selloff as chip titan SK hynix continued to be routed amid growing fears about the AI boom Oil prices jumped, and stocks fell again Tuesday after fresh US strikes against Iran that marked a new escalation in hostilities that have
- [OPEC predicts positive economic outlook for Nigeria](https://www.thevaluechainng.com/opec-predicts-positive-economic-outlook-for-nigeria/): The Organization of Petroleum Exporting Countries (OPEC), yesterday said Nigeria’s economic outlook remains positive based on oil production, infrastructure investment and stronger business activity. This was contained in its Monthly Oil Report released in its X handle. The report said: “Overall, Nigeria’s near-term outlook remains positive, supported by oil production, reform progress, infrastructure investment and
- [THE MOHAMMED IDRIS DOCTRINE: BUILDING A REPUTABLE, INFORMED & UNITED NIGERIA (1)](https://www.thevaluechainng.com/the-mohammed-idris-doctrine-building-a-reputable-informed-united-nigeria-1/): By: Saidu Ahmed "There must be, not a balance of power but a community power; not organized rivalries but a organized, common peace"- President Woodrow Wilson In every administration, there emerges a governing philosophy that shapes how government communicates with its citizens. Under President Bola Ahmed Tinubu's Renewed Hope Agenda, the leadership of Alh. Mohammed
- [No operator delivers alone: Why the 3mbpd target needs the whole value chain ready](https://www.thevaluechainng.com/no-operator-delivers-alone-why-the-3mbpd-target-needs-the-whole-value-chain-ready/): President Bola Tinubu has set Nigeria’s oil industry a clear national ambition: three million barrels of crude per day by 2030. When Bashir Ojulari assumed office as Group Chief Executive Officer of NNPC Limited in April 2025, he placed his mandate firmly behind that target, calling for “courage, professionalism, and a relentless drive for excellence”
- [Nigeria: The Dangote Effect and Nigeria's Energy Transition](https://www.thevaluechainng.com/nigeria-the-dangote-effect-and-nigerias-energy-transition/): The global conversation on energy transition has gained remarkable momentum in recent years. Across continents, governments are setting ambitious targets to reduce carbon emissions, expand renewable energy, and ultimately achieve net-zero economies. Nigeria has not been left behind. Through its Energy Transition Plan and other climate commitments, the country has signaled its intention to embrace
- [Nigeria Blows Past OPEC Quota As Output Hits 74-Month High](https://www.thevaluechainng.com/nigeria-blows-past-opec-quota-as-output-hits-74-month-high/): ...The 1.56 million daily average production Nigeria witnessed in June is the highest that Africa’s biggest oil producer has recorded since April 2020 Nigeria’s crude oil and condensate production soared to an average of 1,735,398 barrels per day in the month of June 2026, representing positive growth for a 4th consecutive month. In the month
- [IMF Sees Nigeria Outpacing Global Growth As Reforms Gain Traction, Warns AI Gap Could Stall Long-Term Prosperity](https://www.thevaluechainng.com/imf-sees-nigeria-outpacing-global-growth-as-reforms-gain-traction-warns-ai-gap-could-stall-long-term-prosperity/): Nigeria’s economic reforms are beginning to earn stronger international validation, with the International Monetary Fund (IMF) projecting that Africa’s largest economy will continue to outpace global growth over the next two years despite mounting geopolitical tensions and slowing global disinflation. The IMF’s July 2026 World Economic Outlook (WEO) Update presents Nigeria as one of the
- [NLNG Wins Operational Excellence Award At NOG Energy Week 2026](https://www.thevaluechainng.com/nlng-wins-operational-excellence-award-at-nog-energy-week-2026/): Nigeria LNG Limited (NLNG) has won the Operational Excellence Award at the 2026 Energy Awards, held during the 25th edition of NOG Energy Week in Abuja. The award recognised its strong operational performance, safety culture and commitment to efficiency across Nigeria’s energy sector. The award was presented on Wednesday at the Bola Ahmed Tinubu International
- [Petrol: It's Reasonable to Expect That There Will be a Bit More Reductions on The Price - Prof Ken](https://www.thevaluechainng.com/petrol-its-reasonable-to-expect-that-there-will-be-a-bit-more-reductions-on-the-price-prof-ken/): Professor Ken Ife says Nigeria should carefully reconsider its continued membership of the Organization of the Petroleum Exporting Countries, arguing that the country must place its long term economic interests and expanding refining capacity ahead of existing oil production arrangements. Speaking during an interview on Business Nigeria, the development economist maintained that leaving OPEC remains
- [NUPRC Issues Petroleum Prospecting Licences To 2024 Bid Winners](https://www.thevaluechainng.com/nuprc-issues-petroleum-prospecting-licences-to-2024-bid-winners/): As part of efforts to unlock fresh investments in Nigeria’s upstream oil and gas sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued Petroleum Prospecting Licences (PPLs) to successful bidders in the 2024 licensing round. The licences were presented during a ceremony held at the Nigeria Oil and Gas (NOG) Energy Week 2026, which
- [Shell Recognised For Landmark Achievements At NOG Energy Awards](https://www.thevaluechainng.com/shell-recognised-for-landmark-achievements-at-nog-energy-awards/): Shell has won awards at the 25th edition of the Nigeria Oil and Gas (NOG) Energy Week Conference and Exhibition in Abuja, in recognition of pioneering contributions to the energy industry in the country. It won the Equality in Energy award while a Shell company, Daystar Power was honoured with the Sustainability in Energy award.
- [Africa’s Grid Constraints Come Into Focus As Regional Markets Push Towards Integration](https://www.thevaluechainng.com/africas-grid-constraints-come-into-focus-as-regional-markets-push-towards-integration/): Africa’s electricity demand is projected to nearly double to 2,291 TWh by 2050, requiring an estimated $30 billion in transmission and grid infrastructure investment to unlock and integrate new generation capacity. Yet, across the continent, grid systems are struggling to keep pace with rapidly expanding supply pipelines and rising demand, according to a statement issued
- [Egypt want officials kicked out of World Cup](https://www.thevaluechainng.com/egypt-want-officials-kicked-out-of-world-cup/): The Egyptian Football Association says it has asked Fifa to kick the officials in charge of their World Cup last-16 defeat by Argentina out of the tournament. The EFA said it had lodged a complaint with football's world governing body and wants an investigation into "double standards" of officiating in the game in Atlanta. With
- [PFIPC scandal: Senate rejects motion to investigate controversial N1.3bn allocation](https://www.thevaluechainng.com/pfipc-scandal-senate-rejects-motion-to-investigate-controversial-n1-3bn-allocation/): The Senate on Wednesday declined to launch a comprehensive investigation into the budgetary allocation, operations, and growing controversy surrounding the purported Presidential Foreign Intervention Promotion Council (PFIPC). The move for a holistic probe was initiated by Senator Suleiman Kawu (APC, Kano South), who raised a point of order during plenary. Citing Order 9 and Rule
- [NNPC records 98% Recovery Across Five Crude Oil Export Terminals — Ojulari](https://www.thevaluechainng.com/nnpc-records-98-recovery-across-five-crude-oil-export-terminals-ojulari/): ...Seeks stronger collaboration across Nigeria’s energy industry The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Engr. Bashir Bayo Ojulari, has disclosed that the company recorded an average 98 per cent recovery across its five crude oil export terminals between April 2025 and May 2026, compared with operational lows of about
- [Gbajabiamila: They prepared PFIPC budget while I was in detention – Adeyemi](https://www.thevaluechainng.com/gbajabiamila-they-prepared-pfipc-budget-while-i-was-in-detention-adeyemi/): Prince Adeniyi Adeyemi, who claims to be the Director-General of the Presidential Foreign Investment Promotion Council, PFIPC, has questioned how the agency was captured in the national budget despite the Presidency’s insistence that it never existed. Speaking in a chat with social media activist, Martins Vincent Otse, popularly known as VeryDarkMan, Adeyemi said he was
- [Oil Prices Soar As Trump Says Deal With Iran Is Over](https://www.thevaluechainng.com/oil-prices-soar-as-trump-says-deal-with-iran-is-over/): Oil prices rose by more than five per cent on Wednesday as President Donald Trump declared that the interim agreement with Iran on peace was over. Trump said this following U.S. strikes on Iran in reaction to attacks on three ships in the Strait of Hormuz. The price of Brent crude oil jumped 5.6% to more than
- [Shell Tells Nigeria Story In Exhibition At NOG 2026](https://www.thevaluechainng.com/shell-tells-nigeria-story-in-exhibition-at-nog-2026/): Visitors to the exhibition booth of Shell Companies in Nigeria at the Nigeria Oil and Gas (NOG) Energy Week Conference and Exhibition in Abuja are hearing details of the footprints of the company in the country, ranging from deepwater and integrated gas to renewables and power. Nigeria Oil and Gas began with the theme: “Advancing
- [NNPC Calls for Stronger Energy Ecosystem Collaboration](https://www.thevaluechainng.com/nnpc-calls-for-stronger-energy-ecosystem-collaboration/): …As Ojulari Unveils One-Year Performance Scorecard…Outlines Strategic Vision for Nigeria's Energy Future The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Engr. Bashir Bayo Ojulari, has called for stronger collaboration across Nigeria's energy industry to unlock Africa's vast energy potential, saying partnerships remain the key to driving investment, industrialisation and sustainable
- [NCDMB, NUPRC, NMDRA, Others, to Conduct Joint Capacity Audits](https://www.thevaluechainng.com/ncdmb-nuprc-nmdra-others-to-conduct-joint-capacity-audits/): The Nigerian Content Development and Monitoring Board (NCDMB), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), as well as the Nigerian Petroleum Exchange (NIPEX) and the Oil Producers Trade Section (OPTS), comprising all international oil companies, have jointly developed a framework to harmonise the grading system for ranking various
- [Fuel prices: FG meets Dangote Refinery, marketers to push fair pricing](https://www.thevaluechainng.com/fuel-prices-fg-meets-dangote-refinery-marketers-to-push-fair-pricing/): The Federal Government on Monday convened Dangote Refinery, the Federal Competition and Consumer Protection Commission (FCCPC), the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), and other oil and gas stakeholders for a meeting on the fair reduction of the price of Premium Motor Spirit (PMS) nationwide. The stakeholders’ meeting is currently being held
- [Fake Agency: Accountant-General Deployed Staff To That Office, NASS Invited Them For Trainings – Oshoma](https://www.thevaluechainng.com/fake-agency-accountant-general-deployed-staff-to-that-office-nass-invited-them-for-trainings-oshoma/): Public affairs analyst, Liborous Oshoma has questioned claims that the alleged government-linked agency operated without the knowledge of federal authorities, arguing that its reported interactions with key government institutions suggest it enjoyed some level of official recognition. Speaking during an interview on News Central, Oshoma maintained that the agency’s activities could not have taken place
- [When power failure becomes a business killer](https://www.thevaluechainng.com/when-power-failure-becomes-a-business-killer/): Nigeria’s micro, small and medium enterprises (MSMEs) are once again under intense economic pressure. As if soaring inflation, weak consumer purchasing power, multiple taxes and high borrowing costs were not enough, unreliable electricity and rising fuel prices are pushing many businesses to the brink. For thousands of entrepreneurs, the challenge is no longer expansion or
- [Energy Expert Urges FG To Divest From Its Four Refineries](https://www.thevaluechainng.com/energy-expert-urges-fg-to-divest-from-its-four-refineries/): An energy expert, Mr. Dan Kunle has urged the federal government to privatise the four state-owned refineries operated by the Nigerian National Petroleum Company Limited (NNPC). Mr. Kunle made the call in an open letter to President Bola Tinubu on Sunday titled, “NNPC’s Four Diseased Fingers: The Refineries That Must Be Privatised.” In the letter,
- [Banks' Lending To Government Over Businesses Surges Nigeria's $10bn Debt Crisis](https://www.thevaluechainng.com/banks-lending-to-government-over-businesses-surges-nigerias-10bn-debt-crisis/): •Bias starving real sector of credit - MPC official Nigeria may be heading for another rise in foreign debt, with estimates showing the country could borrow up to $10 billion by the end of the year, mostly through costly commercial loans. This raises fresh concerns about its ability to repay the debt and keep the
- [Tinubu Govt Denies ₦8trn Off-Budget Spending Claims By IMF](https://www.thevaluechainng.com/tinubu-govt-denies-₦8trn-off-budget-spending-claims-by-imf/): The Federal Government has rejected reports that it spent more than ₦8 trillion outside the 2026 approved budget, describing the claims as inaccurate and a misinterpretation of the IMF’s 2026 Article IV Consultation Report. Minister of Finance and Coordinating Minister of the Economy Taiwo Oyedele issued the rebuttal on Sunday, stressing that the government does
- [Shell, Banks Launch $3 billion Contractor Support Fund](https://www.thevaluechainng.com/shell-banks-launch-3-billion-contractor-support-fund/): Shell Nigeria Exploration and Production Company Ltd (SNEPCo) today took a major step towards empowering Nigerian contractors with the launch of a $3-billion Contract Finance Facility in partnership with nine leading Nigerian banks. The facility is designed to provide credit support for local contractors executing projects for SNEPCo operations and will be available in both
- [AEW's Power Africa Today to Spotlight Energy’s Role in Strengthening Industrial Competitiveness](https://www.thevaluechainng.com/aews-power-africa-today-to-spotlight-energys-role-in-strengthening-industrial-competitiveness/): The policy conversation across Africa is shifting from basic electrification toward interconnection and industrial enablement. According to a pre-event statement issued, more than 600 million people in sub-Saharan Africa still lack access to electricity, but the emerging focus is on ensuring that connected grids can support manufacturing, mineral processing and digital industries at scale. Considering
- [Has VAR Become A Lottery at the World Cup?](https://www.thevaluechainng.com/has-var-become-a-lottery-at-the-world-cup/): Agency reports, recorded by Saidu Abubakar Just a few days ago, people were asking whether the video assistant referee system was being used differently at the World Cup. Now, after a week of strange decisions, fans seem confused about when the VAR will get involved. From Ghana's penalty claim against England to Brazil's disallowed goal
- [How Poor Logistics Is Costing Nigeria N5 Trillion Every Year](https://www.thevaluechainng.com/how-poor-logistics-is-costing-nigeria-n5-trillion-every-year/): By Anscella Obike Nigeria loses an estimated N5 trillion annually to poor logistics, a staggering figure that exposes one of the country's most overlooked barriers to economic growth. Beyond the financial loss lies a deeper crisis that affects every segment of the economy, from farmers struggling to get produce to market and manufacturers grappling with
- [Building Hope Brick by Brick: Inside Tinubu's Bold Plan to Tackle Nigeria's Housing Crisis](https://www.thevaluechainng.com/building-hope-brick-by-brick-inside-tinubus-bold-plan-to-tackle-nigerias-housing-crisis/): By Adaobi Rhema Oguejiofor For millions of Nigerians, owning a home has remained a distant dream. Rising construction costs, soaring inflation, expensive mortgages, and rapid urbanisation have widened the country's housing deficit, leaving many families trapped in a cycle of renting or living in inadequate shelter. Now, the Federal Government says it is making one
- [Innovation as a Climate Weapon:The Rise of Africa's Green Entrepreneurs](https://www.thevaluechainng.com/innovation-as-a-climate-weaponthe-rise-of-africas-green-entrepreneurs/): By Adaobi Rhema Oguejiofor Across Africa, climate change is no longer a future threat but a daily reality. In Nigeria, intense rainfall frequently triggers devastating floods that destroy homes, farms, and businesses. In East Africa, prolonged droughts leave farmers struggling to sustain crops under extreme heat. From the advancing deserts of the Sahel to rising
- [The End of Estimated Billing? Inside Nigeria's Ambitious 7 Million Smart Meter Rollout](https://www.thevaluechainng.com/the-end-of-estimated-billing-inside-nigerias-ambitious-7-million-smart-meter-rollout/): By Anscella Obike For decades, few issues have generated as much frustration among Nigerian electricity consumers as estimated billing. Across homes, businesses and industries, millions of customers have complained about receiving electricity bills that bear little relationship to their actual power consumption. The practice has fuelled distrust between consumers and electricity distribution companies (DisCos), triggered
- [Solid Mineral Exploration: Can Kaduna's Discovery Spark Economic Growth?](https://www.thevaluechainng.com/solid-mineral-exploration-can-kadunas-discovery-spark-economic-growth/): By Anscella Obike For decades, Nigeria's economic fortunes have risen and fallen with the price of crude oil. From boom years that filled government coffers to painful downturns triggered by falling global prices, the country's dependence on petroleum has remained both its greatest strength and its greatest vulnerability. Now, a new chapter may be unfolding.
- [Strait of Hormuz Shock Exposes the Fragility of Nigeria's Aviation Industry](https://www.thevaluechainng.com/strait-of-hormuz-shock-exposes-the-fragility-of-nigerias-aviation-industry/): By Anscella Obike The disclosure by United Nigeria Airlines that it lost about N10 billion within three months due to the spike in aviation fuel prices following disruptions around the Strait of Hormuz has once again exposed the vulnerability of Nigeria's aviation sector to global geopolitical events. While the airline's losses are significant on their
- [How a $215 Million Bet Is Transforming Africa's Urban Mobility Landscape](https://www.thevaluechainng.com/how-a-215-million-bet-is-transforming-africas-urban-mobility-landscape/): By By Adaobi Rhema Oguejiofor Africa's cities are growing at an unprecedented pace. Along with this growth comes the urgent challenge of how to move millions of people efficiently, affordably, and sustainably. Across the continent, congested roads, rising fuel prices, and worsening air pollution are putting enormous pressure on urban transport systems. Yet amid these
- [The Productivity Trap: Why Being Busy Is Not the Same as Moving Forward](https://www.thevaluechainng.com/the-productivity-trap-why-being-busy-is-not-the-same-as-moving-forward/): By Anastasia Adaeze For many people, productivity has become synonymous with being busy. The days are packed with meetings, phone calls, emails, errands, and endless demands for attention. From morning until night, there is always something to do. In a culture that celebrates hustle, being constantly occupied often feels like success. People admire those who
- [Ebola Again? Understanding the Latest Threat and What It Means for Global Health](https://www.thevaluechainng.com/ebola-again-understanding-the-latest-threat-and-what-it-means-for-global-health/): By Adaobi Rhema Oguejiofor In late April 2026, a nurse in Bunia, eastern Democratic Republic of Congo (DRC), developed a fever and died days later. Laboratory tests soon confirmed the return of one of the world's deadliest diseases: Ebola. The discovery revived painful memories of previous outbreaks that devastated African communities and claimed thousands of
- [SEPLAT’S NEW EMPIRE: Effy Okon Takes the Wheel as CEO while Tony Elumelu Steps in as Chairman to Build Africa's First Indigenous IOC](https://www.thevaluechainng.com/seplats-new-empire-effy-okon-takes-the-wheel-as-ceo-while-tony-elumelu-steps-in-as-chairman-to-build-africas-first-indigenous-ioc-2/): Kunle Odusola-Stevenson For decades, the playbook for the African oil and gas sector followed a predictable script. Multinational titans, the historical International Oil Companies (IOCs), extracted crude from the continent’s rich subsurface, while local indigenous firms operated on the margins, constrained by a lack of capital, infrastructure, and deep technical expertise. Today, that old script
- [How River Erosion and Shifting Courses Threaten Mobility in Northern Nigeria](https://www.thevaluechainng.com/how-river-erosion-and-shifting-courses-threaten-mobility-in-northern-nigeria/): Northern Nigeria, a vast region characterised by its diverse topography ranging from the semi-arid Sahel to the Guinea savanna, is currently facing an environmental crisis that directly threatens its economic survival. While desertification and drought often dominate the ecological narrative of the north, a quieter but equally destructive phenomenon is unfolding beneath the region’s critical
- ["Gas Creates Growth Only Through Utilisation" — Teryima Denen Toryila](https://www.thevaluechainng.com/gas-creates-growth-only-through-utilisation-teryima-denen-toryila/): Nigeria aims to boost economic growth by leveraging its vast natural gas reserves, but stakeholders are concerned about practical implementation. Despite investments in infrastructure, questions persist regarding the speed of gas access expansion for industries, homes, and transportation. In an interview with Valuechain's Emmanuel Peter, Teryima Denen Toryila, Executive Director of Gas, Power & Renewable
- [The Carbon Harvest: How Climate Markets Are Reshaping African Agriculture](https://www.thevaluechainng.com/the-carbon-harvest-how-climate-markets-are-reshaping-african-agriculture/): By Ese Ufuoma In many farming communities across Africa, land has always meant one thing: survival. It is where families plant maize, cassava, rice, cocoa, groundnuts, and hope that the rains cooperate. It is where seasons are measured not by policy targets or carbon reports, but by hunger, harvest, and the price of fertiliser at
- [The Jet Fuel Shift: How Nigeria Is Becoming a Jet Fuel Powerhouse](https://www.thevaluechainng.com/the-jet-fuel-shift-how-nigeria-is-becoming-a-jet-fuel-powerhouse/): By Ese Ufuoma For decades, Nigeria occupied a familiar place in the global energy story. It was a nation that pumped millions of barrels of crude oil from its soil, loaded them onto tankers and watched as the real value creation happened elsewhere. The crude left Nigerian shores. The refined products returned, often at a
- [Oil Cabal or Reform Backlash?](https://www.thevaluechainng.com/oil-cabal-or-reform-backlash/): Diezani’s Acquittal and the Bigger Energy Question By William Emmanuel Ukpoju The acquittal of former Petroleum Minister Diezani Alison-Madueke by a United Kingdom court after a lengthy 13-year investigation has reopened one of the most controversial chapters in the history of Nigeria's petroleum industry. While the legal outcome has generated headlines about due process, reputation,
- [A Nation of Gas, a People of Firewood: Examining Nigeria's LPG Contradiction](https://www.thevaluechainng.com/a-nation-of-gas-a-people-of-firewood-examining-nigerias-lpg-contradiction/): Nigeria's LPG Paradox: Why Cooking Gas Remains Unaffordable in a Gas-Rich Nation By Silverline Ifeanyi Onyeabor The current surge in Liquefied Petroleum Gas (LPG) prices has become one of the clearest indicators of the economic pressures confronting Nigerian households. Across the country, families that embraced cooking gas as a cleaner and more efficient alternative to
- [Nigeria’s Exporting Refinery Era: From Crude Producer to Value Creator](https://www.thevaluechainng.com/nigerias-exporting-refinery-era-from-crude-producer-to-value-creator/): The Exporting Refinery Era: Can Nigeria Finally Capture More Value from Its Oil Wealth? By Ese Ufuoma For decades, Nigeria occupied a peculiar position in the global energy market. It was one of Africa’s largest crude oil producers, yet it relied heavily on imported petrol, diesel, and aviation fuel to keep its economy moving. The
- [THE PARADOX OF CAPITAL MARKET MODERNIZATION: FTSE Russell Further Review Of Nigeria’s Reclassification From Unclassified To Frontier Market Status](https://www.thevaluechainng.com/the-paradox-of-capital-market-modernization-ftse-russell-further-review-of-nigerias-reclassification-from-unclassified-to-frontier-market-status/): By Suleyman A. Ndanusa, PhD, OON Every generation believes that faster financial markets are better financial markets. From electronic trading platforms and algorithmic execution to instant payments and artificial intelligence, modern finance has become synonymous with speed. Around the world, regulators and market operators continue to modernize trading, clearing and settlement infrastructure in pursuit of
- [Nigeria's 2.5 Million Barrel Ambition: Reality or Political Target?](https://www.thevaluechainng.com/nigerias-2-5-million-barrel-ambition-reality-or-political-target/): By Ese Ufuoma Nigeria has always measured its economic fortunes in barrels. From the boom years of the 1970s to the painful recessions triggered by collapsing crude prices and declining output, oil has remained both the country's greatest blessing and its most persistent burden. Yet, another ambitious figure dominates conversations in government circles and industry
- [African Energy Week 2026 Sets Agenda for Africa's Energy Future](https://www.thevaluechainng.com/african-energy-week-2026-sets-agenda-for-africas-energy-future/): For much of the past decade, the global energy conversation has been dominated by calls to phase out fossil fuels in favour of cleaner alternatives. Yet across Africa, where nearly 600 million people still live without electricity and hundreds of millions lack access to clean cooking fuels, the debate has taken on a different dimension.
- [Aradel’s 2025: Sound Finish, Stronger Growth Ahead](https://www.thevaluechainng.com/aradels-2025-sound-finish-stronger-growth-ahead/): Record earnings, expanded reserves, a controlling stake in ND Western and majority exposure to Renaissance Africa Energy position Aradel for a transformative new phase of growth in 2026 and beyond By Silverline Ifeanyi Onyeabor Aradel Holdings Plc’s audited results for the year ended 31 December 2025 present a company in transition, less a conventional earnings
- [The Petroleum Industry Act 2021 and Nigeria’s Governance Choice: Why a Substantive Minister of Petroleum Resources Still Matters](https://www.thevaluechainng.com/the-petroleum-industry-act-2021-and-nigerias-governance-choice-why-a-substantive-minister-of-petroleum-resources-still-matters/): Introduction: From Personality - Driven Control to Institutional Governance The Petroleum Industry Act (PIA) 2021 was one of the most consequential reforms in the history of Nigeria’s petroleum sector. It did more than update an old legal framework; it signalled a deliberate movement away from a centralised, personality-driven model of governance toward an institutional system
- [Nigeria Needs a Substantive Petroleum Minister](https://www.thevaluechainng.com/nigeria-needs-a-substantive-petroleum-minister/): By Gideon Osaka Why Nigeria's oil and gas industry needs a full-time Minister of Petroleum Resources to unlock accountability, investor confidence and institutional reform Nigeria's petroleum industry remains the backbone of its economy, accounting for a significant share of export earnings, public revenue and foreign exchange. It also holds a strategic place in Africa's energy
- [NNPC's Revenue Drops To N4.34tn, May Profit Falls To N462bn](https://www.thevaluechainng.com/nnpcs-revenue-drops-to-n4-34tn-may-profit-falls-to-n462bn/): The Nigerian National Petroleum Company Limited (NNPC) recorded lower revenue and profit in May 2026 despite maintaining stable crude oil and natural gas production during the month. According to the company’s May 2026 Operational and Financial Report, revenue declined to N4.335 trillion in May from N4.97 trillion recorded in April, while profit after tax fell
- [FG Launches Vehicle Tax Collection Effective Today, 1st July 2026](https://www.thevaluechainng.com/fg-launches-vehicle-tax-collection-effective-today-1st-july-2026/): The Federal Government has commenced the nationwide collection of the Green Tax on vehicles as part of efforts to promote environmental sustainability and reduce carbon emissions. According to reports by Tax Advocate, the Green Tax is an annual environmental levy introduced under the National Green Tax Policy and is payable by owners of petrol, diesel
- [Nigeria Must Move Beyond Gas Endowment to Gas Prosperity - Iledare](https://www.thevaluechainng.com/nigeria-must-move-beyond-gas-endowment-to-gas-prosperity-iledare/): ...Calls for Competitive Markets, Strategic Investment and Good Governance to Unlock Nigeria's Gas Potential Nigeria's abundant natural gas resources will not automatically translate into economic prosperity unless they are effectively monetized through sustained investment, modern infrastructure, competitive markets and sound governance, according to Professor Emeritus of Petroleum Economics, Wumi Iledare. Delivering the 2026 Dr. Emmanuel
- [BUILDING A NATION OF OWNERS: DEMOCRATIZING WEALTH CREATION FOR SHARED PROSPERITY IN NIGERIA](https://www.thevaluechainng.com/building-a-nation-of-owners-democratizing-wealth-creation-for-shared-prosperity-in-nigeria/): By Suleyman A. Ndanusa, PhD, OON Nigeria’s development discourse has traditionally been framed around familiar objectives of economic growth, poverty reduction, employment generation, industrialization, infrastructure development, and, more recently, financial inclusion. These are important aspirations. Yet beneath them lies a more fundamental question that is seldom asked but may ultimately determine the success or failure
- [Compel Fuel Price To Below N700/Litre - MMWG urges FG](https://www.thevaluechainng.com/compel-fuel-price-to-below-n700-litre-mmwg-urges-fg/): The Muslim Media Watch Group of Nigeria, MMWG, has called on the Federal Government to compel petroleum marketers to reduce fuel prices, arguing there is “no basis” to keep petrol above N1,000 per litre now that global oil prices have dropped to pre-war levels. In a statement issued on Friday and signed by its National Coordinator, Alhaji
- [Nigeria Leads Africa’s Push For Smarter SDG Financing](https://www.thevaluechainng.com/nigeria-leads-africas-push-for-smarter-sdg-financing/): ...Hosts Ethiopian Delegation Nigeria has strengthened its position as one of Africa’s leading countries driving innovative financing for sustainable development following a three-day high-level experience exchange with the Federal Democratic Republic of Ethiopia on the implementation of the Integrated National Financing Framework (INFF). The strategic engagement, hosted by the Federal Government through the Office of
- [FG Strengthens Domestic Revenue Framework To Finance Development – Minister](https://www.thevaluechainng.com/fg-strengthens-domestic-revenue-framework-to-finance-development-minister/): "The financial architecture that we have built will continue to grow stronger" The Federal Government has reaffirmed its commitment to strengthening Nigeria’s domestic revenue mobilisation framework, saying the country cannot sustainably finance its development through external resources alone. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, stated this while declaring open
- [Jonathan, Yar'Adua Never Pressured Me On Monetary Policy As CBN Governor - Emir Sanusi](https://www.thevaluechainng.com/jonathan-yaradua-never-pressured-me-on-monetary-policy-as-cbn-governor-emir-sanusi/): The Emir of Kano, Muhammadu Sanusi II, has revealed that former Presidents Umaru Musa Yar'Adua and Goodluck Jonathan never pressured him to take any monetary policy decisions during his tenure as Governor of the Central Bank of Nigeria (CBN). According to Sanusi, Jonathan invited him for a meeting after receiving complaints from members of the
- [FG Accesses $1.5bn From $5bn UAE Derivatives Financing Deal](https://www.thevaluechainng.com/fg-accesses-1-5bn-from-5bn-uae-derivatives-financing-deal/): Nigeria has accessed the first tranche of its $5 billion derivatives financing arrangement with the United Arab Emirates’ largest lender, marking the latest step in the Federal Government’s strategy to refinance expensive debt and bridge its budget financing gap. This is according to a Bloomberg report published on Friday. The Federal Government drew about $1.5
- [High Petrol Price Persists As Nigeria Faces $11.5bn Crude Loss](https://www.thevaluechainng.com/high-petrol-price-persists-as-nigeria-faces-11-5bn-crude-loss/): Despite a sharp decline in global crude oil prices following the easing of tensions in the Middle East, industry experts warn that Nigerians may not see a significant reduction in petrol prices immediately, even as the country faces a potential loss of more than $11.4 billion in oil earnings due to the crash in crude prices. The
- [Why fuel price hasn’t dropped to below N1000 per litre in Nigeria – Prof Emeritus Iledare](https://www.thevaluechainng.com/why-fuel-price-hasnt-dropped-to-below-n1000-per-litre-in-nigeria-prof-emeritus-iledare/): Professor Emeritus of Petroleum Economics and renowned energy expert Wumi Iledare has explained why falling crude oil prices do not immediately translate to a reduction in fuel pump prices. Prof. Iledare noted that while it is natural for consumers to expect that if a major input falls, the prices of refined petroleum products should also
- [ALDG Business Forum 2026 Calls For Urgent Action To Bridge Nigeria’s Gas Access Gap](https://www.thevaluechainng.com/aldg-business-forum-2026-calls-for-urgent-action-to-bridge-nigerias-gas-access-gap/): The Association of Local Distributors of Gas (ALDG) has called for bold and coordinated action to accelerate gas accessibility across Nigeria, urging policymakers, investors, regulators, and industry operators to move beyond discussions of the country’s vast gas reserves and focus on practical solutions that will drive widespread domestic utilisation. This call was made at the
- [Falcon's 32 Years In Nigerian Energy Sector Signals Stability, Growth And Market Expansion](https://www.thevaluechainng.com/falcons-32-years-in-nigerian-energy-sector-signals-stability-growth-and-market-expansion/): Falcon Corporation Limited, one of Nigeria's longest-operating indigenous gas and energy infrastructure companies, is marking over three decades of unbroken operations, using the milestone not just as a moment of reflection, but as a deliberate signal of where the company is headed. Founded in 1994, Falcon has spent 32 years building licensed gas distribution infrastructure,
- [Africa’s Grid Constraints Come Into Focus As Regional Markets Push Toward Integration](https://www.thevaluechainng.com/africas-grid-constraints-come-into-focus-as-regional-markets-push-toward-integration/): Africa’s electricity demand is projected to nearly double to 2,291 TWh by 2050, requiring an estimated $30 billion in transmission and grid infrastructure investment to unlock and integrate new generation capacity. Yet across the continent, grid systems are struggling to keep pace with rapidly expanding supply pipelines and rising demand, according to a statement issued.
- [IPMAN Seeks Relief As Fuel Price Swings Squeeze Marketers](https://www.thevaluechainng.com/ipman-seeks-relief-as-puel-price-swings-squeeze-marketers/): The Independent Petroleum Marketers Association of Nigeria, IPMAN, has raised concerns over the growing financial burden imposed on its members by frequent petroleum product price fluctuations, warning that independent marketers are increasingly bearing the brunt of market volatility in the downstream sector. The concerns were tabled during a meeting between the Authority Chief Executive of
- [Train 7 Hits 90% Completion, Generates 16,000 Jobs](https://www.thevaluechainng.com/train-7-hits-90-completion-generates-16000-jobs/): ...As NCDMB, NLNG Advance Local Content The leadership of the Nigerian Content Development and Monitoring Board (NCDMB) and the NLNG Ltd have reaffirmed recommitment to deepen the existing close collaboration between the agencies, towards enhancing in-country value addition from operations of the gas processing and marketing company, for the benefit of the Nigerian economy. The
- [Nigeria Targets Stronger Tax System To Fund SDGs - Oyedele](https://www.thevaluechainng.com/nigeria-targets-stronger-tax-system-to-fund-sdgs-oyedele/): The federal government has said Nigeria must build a stronger, fairer and more efficient tax system to generate the resources needed to achieve the Sustainable Development Goals (SDGs), warning that the country’s tax-to-GDP ratio remains below the level required to finance its development ambitions. The Minister of Finance and Coordinating Minister of the Economy, Taiwo
- [States, FCT Pockted N2.9trn Special FAAC Allocation For Security, Infrastructure In 2 Years](https://www.thevaluechainng.com/states-fct-pockted-n2-9trn-special-faac-allocation-for-security-infrastructure-in-2-years/): Nigeria’s 36 states and the Federal Capital Territory (FCT) received a total of N2.9 trillion for security and infrastructure between 2024 and 2026, TheCable can report. The disbursements were contained in the Federation Account Allocation Committee (FAAC) documents presented at its June 2026 meeting, detailing funding allocations for “intervention to states infrastructure and security”. It
- [Nigerian Govt Wants More Revenue Without Minding Its Consequences On Tax Payers – Mahdi](https://www.thevaluechainng.com/nigerian-govt-wants-more-revenue-without-minding-its-consequences-on-tax-payers-mahdi/): Public commentator, Mahdi Shehu, has blamed what he described as anti-people government policies for the worsening economic hardship in Nigeria. Shehu made the remarks in a post he shared on Tuesday, where he criticised what he called policies driven mainly by revenue generation without considering their impact on citizens. According to him, such policies cannot
- [Petrol Price Rises 55% To N1,596/Litre In May - NBS](https://www.thevaluechainng.com/petrol-price-rises-55-to-n1596-litre-in-may-nbs/): The average retail price of Premium Motor Spirit, commonly known as petrol, rose by 55.31% year-on-year to N1,596.25 per litre in May 2026. The figure was higher than the N1,027.76 per litre recorded in May 2025. This is according to the latest report from the National Bureau of Statistics. The data showed that retail petrol
- [NCDMB To Launch Oil & Gas Trainers Certification](https://www.thevaluechainng.com/ncdmb-to-launch-oil-gas-trainers-certification/): The Nigerian Content Development and Monitoring Board (NCDMB) is set to commence the issuance of the Nigerian Content Trainers Registration Certificate (NCTRC), as part of its commitment to strengthening local competencies and promoting professional standards within Nigeria’s oil and gas industry. A statement by Obinna Ezeobi, PhD, who is the General Manager, Corporate Communications Division
- [New Security Framework Targets Using Tech, Youth Programmes to Safeguard Oilfields](https://www.thevaluechainng.com/new-security-framework-targets-using-tech-youth-programmes-to-safeguard-oilfields/): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Federal Ministry of Defence have agreed to develop a new security framework that combines advanced technology and community‑focused youth programmes to protect the country’s oil and gas infrastructure and strengthen production stability. The commitment was made during a courtesy visit by a delegation from the Ministry
- [CBN launches student initiative on currency preservation](https://www.thevaluechainng.com/cbn-launches-student-initiative-on-currency-preservation/): ...Warns against naira abuse The Central Bank of Nigeria has raised alarm over the growing misuse of the naira, warning that persistent abuse of the country’s banknotes is driving up replacement costs and shortening their lifespan. Speaking on Tuesday in Abuja at the inauguration of the Naira Ambassadors Club, CBN Governor Olayemi Cardoso stressed the
- [MEMAN: Reform Nigeria’s Energy Sector Now, Global Tensions Won’t Wait](https://www.thevaluechainng.com/meman-reform-nigerias-energy-sector-now-global-tensions-wont-wait/): The Major Energies Marketers Association of Nigeria (MEMAN) has warned that recent geopolitical tensions involving Iran and their impact on global oil markets have exposed the fragility of West Africa’s energy security architecture, urging governments across the region to take immediate steps to shield their economies from future supply disruptions and price shocks. The warning
- [IPMAN Seeks Petroleum Industry Reform](https://www.thevaluechainng.com/ipman-seeks-petroleum-industry-reform/): The Independent Petroleum Marketers Association of Nigeria (IPMAN), says Federal Government should focus on reforming the petroleum industry to fast track the nation’s economic growth. The National Publicity Secretary of IPMAN, Mr. Chinedu Ukadike, .made the call in an interview with News Agency of Nigeria on Tuesday in Abuja. According to him, reforming the petroleum
- [How NNPC, Dangote Imported 38,000 Barrels Daily In May As Petrol Imports Rebound](https://www.thevaluechainng.com/how-nnpc-dangote-imported-38000-barrels-daily-in-may-as-petrol-imports-rebound/): The Nigerian National Petroleum Company (NNPC) Limited and Dangote Refinery imported a total of 38,000 barrels per day of petrol in May 2026 as the country returned actively to the importation of the fuel. According to a report by Argus, gasoline (petrol) deliveries to Nigeria were a four-month high of 57,000 barrels a day in
- [LPG Supply Gap: NMDPRA To Issue Import Permits  – Umar](https://www.thevaluechainng.com/lpg-supply-gap-nmdpra-to-issue-import-permits-umar/): The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will issue and closely monitor import permits to bridge 165,000-metric-tonnes of Liquefied Petroleum Gas (LPG) supply gap in the third quarter of 2026. The Authority Chief Executive, Rabiu Umar, disclosed this on Monday in Abuja during an emergency stakeholders’ meeting on rising LPG prices
- [Petrol Import Landing Cost Drops To N1,017/Litre](https://www.thevaluechainng.com/petrol-import-landing-cost-drops-to-n1017-litre/): Landing cost for imported premium motor spirit (PMS) also known as petrol, fell to N1,017 per litre this month, driven mainly by a drop in global crude oil prices industry sources said. The decline is expected to reduce pressure on downstream logistics and narrow the gap between import costs and pump prices. The Major Energies
- [NERC approves N21bn for DisCos to meter customers in 60 days](https://www.thevaluechainng.com/nerc-approves-n21bn-for-discos-to-meter-customers-in-60-days/): The Nigerian Electricity Regulatory Commission (NERC), under the Meter Acquisition Fund (MAF) scheme, as part of efforts to bridge the metering gap in the Nigerian Electricity Supply Industry (NESI) which is in excess of seven million customers, has released N21 billion to electricity distribution companies (DisCos) to make meters available for customers in 60 days.
- [Fed’s higher-for-longer stance raises pressure on Nigerian Eurobonds](https://www.thevaluechainng.com/feds-higher-for-longer-stance-raises-pressure-on-nigerian-eurobonds/): Nigeria’s Eurobond yields edged higher last week as investors reassessed risk across emerging markets following renewed signals that US interest rates could remain elevated for longer, increasing pressure on frontier-market debt including Nigeria’s. According to Meristem Securities, average yields on Nigerian Eurobonds rose by 7 basis points to 6.93 percent from 6.86 percent in the
- [WIEN Congratulates Mrs Aiboni On Appointment As EVP/Chairman Of Shell Companies In Nigeria](https://www.thevaluechainng.com/wien-congratulates-mrs-aiboni-on-appointment-as-evp-chairman-of-shell-companies-in-nigeria/): Africa’s leading gender equity advocate in the energy industry, the Women in Energy Network (WIEN), has congratulated one of its distinguished Board of Trustees members and prominent professionals, Mrs. Elohor Aiboni, on her appointment as Executive Vice President and Chairman of Shell Companies in Nigeria, making her the first Nigerian to occupy the combined leadership
- [ICPC Tasks Customs Officers on Integrity, Transparency in Revenue Collection](https://www.thevaluechainng.com/icpc-tasks-customs-officers-on-integrity-transparency-in-revenue-collection/): The Borno State Office of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has urged officers of the Nigeria Customs Service (NCS) to uphold the highest standards of integrity, transparency and accountability in the discharge of their duties, particularly in revenue collection and border operations. The charge was given during a sensitisation lecture
- [Saudi Arabia Pitches $2.5tn Mining Opportunity To French, European Investors ](https://www.thevaluechainng.com/saudi-arabia-pitches-2-5tn-mining-opportunity-to-french-european-investors/): Saudi Arabi showcased investment opportunities across its $2.5 trillion mineral resource base and downstream industrial sectors to French and European partners during the Gulf Vision 2026 Forum in Paris. During the event, Khalid Al-Mudaifer, Saudi Arabia’s vice minister of industry and mineral resources for mining affairs, highlighted the Kingdom’s economic transformation under Vision 2030, highlighting key achievements
- [Finance experts urge CBN to mandate annual reporting for fintechs, MFBs](https://www.thevaluechainng.com/finance-experts-urge-cbn-to-mandate-annual-reporting-for-fintechs-mfbs/): Finance experts have called on the Central Bank of Nigeria (CBN) to require all deposit-taking fintechs and microfinance banks (MFBs) to publish their annual financial reports, arguing that institutions entrusted with public funds should be subject to greater transparency. The recommendation was made during the latest edition of the Drinks and Mics Podcast hosted by
- [Reps threaten sanctions over poor PIA implementation](https://www.thevaluechainng.com/reps-threaten-sanctions-over-poor-pia-implementation/): ...Stakeholders Demand Stronger Monitoring Stakeholders in the Niger Delta have called for stronger monitoring and accountability in the implementation of the Petroleum Industry Act (PIA), particularly in the operations of Host Community Development Trusts (HCDTs). They made the call during a one-day town hall meeting in Port Harcourt on “Maximizing the Benefits of Host Community
- [Pipeline vandalism: Stakeholders urge monitoring of monitors for tighter pipeline security](https://www.thevaluechainng.com/pipeline-vandalism-stakeholders-urge-monitoring-of-monitors-for-tighter-pipeline-security/): In a bid to ensure tighter security of crude oil and gas assets and infrastructure across the Niger Delta, stakeholders have called on the Office of the National Security Adviser (ONSA) to monitor those in charge of monitoring oil and gas assets. Oyeinfie Jonjon, technical adviser to Bayelsa State Governor on Ijaw Affairs, made the
- [SAHCO Targets UAE, African Markets In Major Expansion Push](https://www.thevaluechainng.com/sahco-targets-uae-african-markets-in-major-expansion-push/): Skyway Aviation Handling Company (SAHCO) Plc has unveiled plans to expand its operations into the United Arab Emirates (UAE) and selected African markets as part of a broader strategy to strengthen its regional footprint and diversify revenue streams, following a strong financial performance in the 2025 financial year. The aviation ground handling company disclosed the
- [Inside The First Luxury Petrol Station That’s A Huge Success In South Africa](https://www.thevaluechainng.com/inside-the-first-luxury-petrol-station-thats-a-huge-success-in-south-africa/): The Pantry has turned a traditional petrol station stop into a destination where customers can fill up their vehicles, shop for groceries, and enjoy restaurant-quality meals. The idea for The Pantry began during the Covid-19 pandemic, when the Marble Hospitality Group sought a way to restructure its business, as restaurants were among the hardest-hit industries.
- [Italy Court Closes Another Chapter In Nigeria’s $1.3 billion Oil scandal](https://www.thevaluechainng.com/italy-court-closes-another-chapter-in-nigerias-1-3-billion-oil-scandal/): Italy’s highest court has acquitted two prosecutors who led the failed corruption case against energy giants Eni and Shell over Nigeria’s controversial OPL 245 oil block, closing another chapter in one of Africa’s biggest and longest-running oil scandals. The Court of Cassation overturned the convictions of Milan prosecutors Fabio De Pasquale and Sergio Spadaro, ruling
- [AEC Affirms Nigeria’s Indigenous Companies’ Capacity To Create Value From Oil Production](https://www.thevaluechainng.com/aec-affirms-nigerias-indigenous-companies-capacity-to-create-value-from-oil-production/): The African Energy Chamber (AEC), has said as foreign operators continue to reduce their onshore exposure, Nigerian indigenous oil firms are stepping in to fill the gap, with local firms now accounting for more than half of the country’s oil and gas output. According to executive chairman of the chamber, NJ Ayuk, their participation by
- [Nigeria Cuts Petrol Import Bill To Below N90bn Q1 - Verheijen](https://www.thevaluechainng.com/nigeria-cuts-petrol-import-bill-to-below-n90bn-q1-verheijen/): Nigeria has reduced its petrol import bill drastically to under N90 billion in the first quarter of 2026 following an increase in local refining of petroleum products the special adviser to the President on Oil and Gas, Olu Arowolo Verheijen, has announced. Speaking during the Nigerian‑British Chamber of Commerce (NBCC) Energy Day in Lagos, Verheijen
- [New CBN Rule: Banks, Fintechs Will Benefit From Data Localisation, Lower Forex Dependence – Telcos](https://www.thevaluechainng.com/new-cbn-rule-banks-fintechs-will-benefit-from-data-localisation-lower-forex-dependence-telcos/): The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has thrown its weight behind the Central Bank of Nigeria’s (CBN) directive mandating banks, fintech firms and other payment service providers to host payment transaction data within Nigeria, describing the policy as a major step towards reducing foreign exchange exposure and strengthening the country’s digital economy.
- [Aradel Holdings Plc Announces FY 2025 Audited Results](https://www.thevaluechainng.com/aradel-holdings-plc-announces-fy-2025-audited-results/): Landmark acquisitions and strong financial growth reinforce Aradel Holdings’ position as a large-scale integrated energy platform. Aradel Holdings Plc ("Aradel", "Aradel Holdings", "the Company" or "the Group"), Nigeria's leading integrated indigenous energy company, today, 20th June, 2027, announced its audited results for the 12 months ended 31 December 2025. According to a statement by the
- [Sierra Leone signs $225m offshore oil exploration deal with Nigerian firm](https://www.thevaluechainng.com/sierra-leone-signs-225m-offshore-oil-exploration-deal-with-nigerian-firm/): Sierra Leone signed a petroleum licence agreement with Nigeria-based Marginal Energy Limited, granting the company rights to explore and produce oil and gas offshore as the country steps up efforts to attract investment into its largely untapped upstream petroleum sector. The licence agreement, executed through the Petroleum Directorate of Sierra Leone (PDSL), covers offshore blocks
- ['Even The Minister Cannot Ask Me Such Question' - PTDF Boss Sparks FOI Transparency Debate](https://www.thevaluechainng.com/even-the-minister-cannot-ask-me-ptdf-boss-sparks-foi-transparency-debate/): A recent engagement between representatives of host communities around the College of Petroleum and Energy Studies, Kaduna (CPESK) and the management of the Petroleum Technology Development Fund (PTDF), which owns the institution, has sparked an important debate about transparency, public accountability, and the obligations of public institutions under Nigeria's Freedom of Information (FOI) Act. At
- [PTDF Welcomes new Executive Secretary](https://www.thevaluechainng.com/ptdf-welcomes-new-executive-secretary/): The Petroleum Technology Development Fund (PTDF) officially welcomed Professor Shu'aibu Shehu Aliyu as its new Executive Secretary. He was appointed by President Bola Ahmed Tinubu to lead the agency in driving human capital development and building indigenous technological expertise within Nigeria's oil and gas sector. Professor Aliyu took over the leadership reins in a formal
- [Uncertainty as FG shifts electricity burden to states](https://www.thevaluechainng.com/uncertainty-as-fg-shifts-electricity-burden-to-states/): Following the federal government’s decisive withdrawal as the sole bearer of electricity subsidies, a profound wave of fiscal realignment and economic anxiety has begun rippling across the country. By mandating that the 36 state governments and the Federal Capital Territory (FCT) co-fund affordability interventions under their newly acquired regulatory autonomy, the apex government has structurally
- [Shareholders of TotalEnergies fall victims of petrol price war](https://www.thevaluechainng.com/shareholders-of-totalenergies-fall-victims-of-petrol-price-war/): •Wipes out profit, dividend The company reported a loss after tax of N13.853 billion in 2025, reversing the N27.496 billion profit recorded in 2024, as intense price competition and market instability significantly impacted its operations. Speaking at the company’s 48th Annual General Meeting (AGM), held virtually yesterday, Chairman, Mr. Jean-Phillipe Torres, said the downstream petroleum
- [OPEC Pegs Oil Quotas to Pipeline Security — PINL](https://www.thevaluechainng.com/opec-pegs-oil-quotas-to-pipeline-security-pinl/): The Pipeline Infrastructure Nigeria Limited (PINL), has tied Nigeria’s recent increase in crude oil production and the ability to produce above OPEC production quota to the improvement in the safety and security of pipelines, including the Trans Niger Pipeline (TNP). At the stakeholders’ meeting held in Port Harcourt where representatives from host communities in Rivers,
- [FG Issues Transition Guidelines for Implementation of Tax Acts 2025](https://www.thevaluechainng.com/fg-issues-transition-guidelines-for-implementation-of-tax-acts-2025/): The Federal Government has released the General Transition Guidelines for the implementation of the Tax Acts 2025. They explain how Nigeria will move from the old tax laws to the new tax system, which took effect on January 1, 2026. They were issued by the Federal Ministry of Finance under Section 144 of the Nigeria
- [Nigeria’s Gas Exports Climb to $2.53bn in Q1 2026 Amid Push for FX Diversification](https://www.thevaluechainng.com/nigerias-gas-exports-climb-to-2-53bn-in-q1-2026-amid-push-for-fx-diversification/): Nigeria’s strategic pivot toward natural gas is yielding substantial financial dividends, with export revenues climbing to $2.53 billion in the first quarter of 2026. According to the latest Balance of Payments Highlights released by the Central Bank of Nigeria (CBN), gas export receipts grew by 12.95% quarter-on-quarter, up from the $2.24 billion recorded in the
- [Nigeria Exceeds OPEC Quota As PINL’s Gains Boost Oil Production](https://www.thevaluechainng.com/nigeria-exceeds-opec-quota-as-pinls-gains-boost-oil-production/): Nigeria has exceeded its OPEC crude oil production quota for the first time in 2026, with improvements along the Trans Niger Pipeline (TNP) under the management of Pipeline Infrastructure Nigeria Limited (PINL) contributing significantly to the increase in output. Latest figures released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on June 11 showed that
- [FG to end estimated billing with 7m meter rollout – Verheijen](https://www.thevaluechainng.com/fg-to-end-estimated-billing-with-7m-meter-rollout-verheijen/): The Federal Government has unveiled plans to deploy seven million electricity meters across the country as part of a major reform programme aimed at ending estimated billing, improving revenue collection and restoring confidence in Nigeria’s struggling power sector. The initiative comes as national metering coverage rises to about 57 percent, marking a significant improvement in
- [Strait Of Hormuz Ship Traffic Assurance By Vance Leads To Oil Price Decrease](https://www.thevaluechainng.com/strait-of-hormuz-ship-traffic-assurance-by-vance-leads-to-oil-price-decrease/): Oil prices extended their decline on Thursday after Vice President JD Vance told reporters that tankers carrying more than 12 million barrels had crossed the Strait of Hormuz overnight. By early afternoon, WTI futures were down about 2% at $75.27 a barrel, with Brent crude not far behind at $78.11 — a decline of 1.8%.
- [NNPC, TotalEnergies Deepen Partnership To Accelerate Methane Emission Reduction Through Advanced Technology](https://www.thevaluechainng.com/nnpc-totalenergies-deepen-partnership-to-accelerate-methane-emission-reduction-through-advanced-technology/): The Nigerian National Petroleum Company, NNPC Limited has renewed its agreement with TotalEnergies to extend the deployment of the Airborne Ultralight Spectrometer for Environmental Applications (AUSEA) technology for the detection, measurement, and reduction of methane and carbon emission across its upstream operations for another 24 months. This development was revealed in a statement by Andy
- [AEW 2026 to Position Transmission at the Center of Africa’s Data Center Buildout](https://www.thevaluechainng.com/aew-2026-to-position-transmission-at-the-center-of-africas-data-center-buildout/): The rapid expansion of AI and cloud computing is driving substantial capital deployment into Africa’s digital infrastructure. This positions high capacity hyperscale campuses as a core asset class. South Africa remains the largest digital hub on the continent, anchoring a mature data center ecosystem that is actively scaling to capture regional enterprise demand, Sanri van
- [Shell Appoints Elohor Executive Vice President And Country Chair Nigeria](https://www.thevaluechainng.com/shell-appoints-elohor-executive-vice-president-and-country-chair-nigeria/): Former Managing Director Shell Nigeria Exploration and Production Company Limited (SNEPCo) Elohor Aiboni, currently on assignment as Asset Director at Brunei Shell Petroleum, has been named Executive Vice President and Country Chair Nigeria, taking over from Marno de Jong who leaves Shell to pursue an opportunity elsewhere, after a 34-year career with the Company. Marno
- [NCDMB, SNEPCo, LADOL Launch Human Capacity Development Programme](https://www.thevaluechainng.com/ncdmb-snepco-ladol-launch-human-capacity-development-programme-for-supply-base-services/): ... For Supply Base Services The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Shell Nigeria Exploration and Production Company (SNEPCo) and Lagos Deep Offshore Logistics (LADOL), has commenced a 12-month Human Capacity Development (HCD) programme aimed at equipping young Nigerians with critical competencies required to support supply base operations within the oil
- [The N159trn question nobody in Abuja wants to answer](https://www.thevaluechainng.com/the-n159trn-question-nobody-in-abuja-wants-to-answer/): On the 31st of March 2026, President Bola Ahmed Tinubu sent a letter to the national assembly. In it, he asked for permission to borrow $6 billion from abroad. The request arrived wrapped in the usual language of fiscal responsibility, deficit financing, infrastructure priorities, and the N68.32 trillion budget framework that needed shoring up. Lawmakers
- [NCDMB Hosts Ghana National Oil Coy On Local Content Benchmarking Study](https://www.thevaluechainng.com/ncdmb-hosts-ghana-national-oil-coy-on-local-content-benchmarking-study/): A delegation from the Ghana National Petroleum Corporation (GNPC) has visited the Nigerian Content Development and Monitoring Board (NCDMB) on a knowledge sharing and local content benchmarking study, with a view to deepen their understanding of the Board’s local content development practices in the areas of policy frameworks and implementation strategies, among other things. Obinna
- [US, Iran Digitally Sign Peace Deal To Reopen Strait Of Hormuz](https://www.thevaluechainng.com/us-iran-digitally-sign-peace-deal-to-reopen-strait-of-hormuz/): The framework agreement calls for the reopening of the Strait of Hormuz and a 60-day negotiating period focused on nuclear issues, sanctions, and regional security. U.S. officials say sanctions relief will be phased and tied to verifiable Iranian commitments, while Tehran maintains it may charge fees for maritime services in coordination with Oman. The deal
- [Nigeria’s gas production hits 7.93bcf, domestic sales now 2.18bcf/d](https://www.thevaluechainng.com/nigerias-gas-production-hits-7-93bcf-domestic-sales-now-2-18bcf-d/): Nigeria recorded a slight increase in gas production in May 2026 at 7.93bcf/d, representing a 0.63 percent year-on-year increase from the 7.88bcf/d recorded in the corresponding period of 2025. The Nigerian Upstream Petroleum Regulatory Commission data has revealed. BusinessDay’s analysis of the gas production and utilization report published by the Commission on monday, on a
- [Oshiomhole Claims NNPC Gave Akpabio's Daughter Profitable Role Without Following Regular Interview Procedure](https://www.thevaluechainng.com/oshiomhole-claims-nnpc-gave-akpabios-daughter-profitable-role-without-following-regular-interview-procedure/): The Senator representing Edo North, Adams Oshiomhole, has accused the daughter of the Senate President, Godswill Akpabio, of getting a juicy position in the Nigerian National Petroleum Company Limited (NNPC) without following due process. According to him, former NNPC Group Chief Executive Officer Mele Kyari facilitated the appointment of the Senate President’s daughter. The lawmaker
- [US-Iran peace deal set for signing in Switzerland on Friday](https://www.thevaluechainng.com/us-iran-peace-deal-set-for-signing-in-switzerland-on-friday/): A major diplomatic breakthrough appears to have been achieved after the United States and Iran reached a peace agreement aimed at ending months of conflict, with a formal signing ceremony expected in Switzerland on Friday. According to Reuters, Pakistani Prime Minister Shehbaz Sharif announced that both nations had agreed to a peace framework following mediation
- [Oil price drops to 3-month low as US, Iran reach agreement to reopen Hormuz](https://www.thevaluechainng.com/oil-price-drops-to-3-month-low-as-us-iran-reach-agreement-to-reopen-hormuz/): Oil prices slipped to their lowest since March on Monday, June 15, 2026, after United States President Donald Trump ‌and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell $4.08, or 4.7%, to $83.25 a barrel
- [Ignore IMF’s Advice On Fuel, Telecom Taxes, Economists Tell Federal Govt](https://www.thevaluechainng.com/ignore-imfs-advice-on-fuel-telecom-taxes-economists-tell-federal-govt/): Economists have urged the Federal Government to disregard the International Monetary Fund’s (IMF) recent recommendation to impose taxes on fuel and telecommunications services, warning that such measures would worsen inflationary pressures, further erode household incomes and deepen economic hardship for Nigerians. The economists, who strongly rejected the IMF’s proposal, described it as “overkill”, arguing that households already
- [Rough Economy: Local markets flooded with toxic powdered charcoal](https://www.thevaluechainng.com/rough-economy-local-markets-flooded-with-toxic-powdered-charcoal/): The greed to make more profit in an excruciatingly biting economy that Nigerians are now witnessing is rising by the day. In the local Nigerian markets unscrupulous spice merchants are now exploiting the food inflation to heavily adulterate daily kitchen staples. Some of the usually tied ground food items like egusi, pepper, pepper soup spices, turmeric
- [Rising Cooking Gas Costs Force Nigerian Households Into Painful Energy Choices](https://www.thevaluechainng.com/rising-cooking-gas-costs-force-nigerian-households-into-painful-energy-choices/): For millions of Nigerian families, the kitchen has become a new frontline of economic survival. As the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has soared by 67% in just one month, households across the country are being forced to abandon the government’s long-promoted clean cooking agenda in favor of cheaper,
- [NCDMB’s Oil And Gas Park Becomes Operational Q4 2026](https://www.thevaluechainng.com/ncdmbs-oil-and-gas-park-becomes-operational-q4-2026/): The Nigerian Oil and Gas Park Scheme (NOGaPS) at Emeyal-1, in Ogbia Local Government Area of Bayelsa State will become operational by the fourth quarter of 2026, the Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed. Towards the target date, the NCDMB is set to install a 2.5-megawatt Compressed Natural Gas (CNG) power plant
- [Sierra Leone’s President Pays Tribute to Gen. Abdulsalami](https://www.thevaluechainng.com/sierra-leones-president-pays-tribute-to-gen-abdulsalami/): ...At Autobiography Launch and 84th Birthday Celebration His Excellency President Dr. Julius Maada Bio, President of the Republic of Sierra Leone and Chairman of the ECOWAS Authority of Heads of State and Government, joined distinguished African leaders in Abuja to celebrate the 84th birthday of former Nigerian Head of State, General Abdulsalami Abubakar, GCFR, and
- [Oil and Gas: NCDMB, Chevron, Bristow Begin Pilot Training](https://www.thevaluechainng.com/oil-and-gas-ncdmb-chevron-bristow-begin-pilot-training/): Determined to build Nigerian workforce with practical skills for top careers in the local and international oil and gas industry, the Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Chevron Nigeria Limited (CNL) and Bristow Helicopters Nigeria Limited (BHNL), has commenced a significant Human Capacity Development (HCD) programme aimed at developing a new generation
- [ECOWAS Celebrates Its 51st Anniversary In Ivory Coast](https://www.thevaluechainng.com/ecowas-celebrates-its-51st-anniversary-in-ivory-coast/): ...Mobilizes Women Around Vision 2050 for a More Peaceful and Prosperous West Africa The various sessions highlighted the achievements of regional integration, the challenges that the West African region continues to face, and the essential role of citizens in preserving peace, security, and social cohesion The ECOWAS Permanent Delegation in Côte d’Ivoire organized, on June
- [NASS Members Allocated N110bn To Buy Gift For Themselves, And Our People Are Poor - Falana](https://www.thevaluechainng.com/nass-members-allocated-n110bn-to-buy-gift-for-themselves-and-our-people-are-poor-falana/): Femi Falana, a prominent human rights lawyer and Senior Advocate of Nigeria, has criticised members of the National Assembly over what he described as extravagant spending on personal benefits despite the widespread economic hardship facing many Nigerians. Falana made the remarks during an interview on Signature TV, on Friday, 11 June, 2026, where he expressed
- [Oshiomhole Defends N210tr NNPC Probe, Says Accountability Not An Attack on Tinubu Government](https://www.thevaluechainng.com/oshiomhole-defends-n210tr-nnpc-probe-says-accountability-not-an-attack-on-tinubu-government/): According to report by Nigerian Tribune on Friday, June 12, 2026, Oshiomhole, who chairs the Senate Public Accounts Committee, has defended the ongoing investigation into the Nigerian National Petroleum Company Limited (NNPC) over N210 trillion in transactions, insisting that demanding accountability is not an attack on President Bola Tinubu’s administration. Speaking in Akure, Ondo State,
- [7 countries agree to raise oil output by 188,000 barrels per day in July 2026](https://www.thevaluechainng.com/7-countries-agree-to-raise-oil-output-by-188000-barrels-per-day-in-july-2026/): The energy industry is unique in that countries and companies that collaborate toward the same cause are able to achieve more than if they were to remain isolated. This explains the constant agreements between different nations that all contribute to the advancement of energy initiatives. Collaborations allow different entities and countries to share the risks
- [FCMB Group Reports ₦202.1bn Profit Before Tax For 2025](https://www.thevaluechainng.com/fcmb-group-reports-₦202-1bn-profit-before-tax-for-2025/): ...₦87.0bn in Q1 2026 FCMB Group Plc (NGX: FCMB) has announced its audited financial results for the year ended Dec. 31, 2025, and its unaudited results for the first quarter ended March 31, 2026. For the 2025 financial year, the Group’s profit before tax rose 81% year-on-year to ₦202.1 billion from ₦111.9 billion in 2024,
- [Kaiama Grammar School, FGGC Clinch Top Prizes at NCDMB  Quiz Competition](https://www.thevaluechainng.com/kaiama-grammar-school-fggc-clinch-top-prizes-at-ncdmb-quiz-competition/): The 9th edition of the NCDMB/NTA Science Quiz Competition for Secondary Schools in Bayelsa State came to a close on Wednesday at the Nigerian Content Tower (NCT) Conference Centre, Swali, Yenagoa. A statement by Obinna Ezeobi, PhD, who is the GM, Corporate Communications Division of the Board, Kaiama Grammar School, Kaiama, in Kolokuma/Opokuma Local Government
- [Concerns about Dangote Refinery IPO 11 Jun 2026](https://www.thevaluechainng.com/concerns-about-dangote-refinery-ipo-11-jun-2026/): Nigeria is approaching a defining moment for its capital market. The planned listing of Dangote Petroleum Refinery and Petrochemicals FZE on the Nigerian Exchange, expected to value the company at between $40 billion and $50 billion, could become the largest Initial Public Offering (IPO) in African history. The National Pension Commission has granted a singular
- [Nigeria’s Economic Recovery At Risk As Fresh Headwinds Loom](https://www.thevaluechainng.com/nigerias-economic-recovery-at-risk-as-fresh-headwinds-loom/): Nigeria’s fragile economic recovery is facing fresh headwinds as falling oil prices, a weakening naira and looming flood threats raise concerns over government revenues, external reserves and food inflation, according to the latest Commodities Update by Financial Derivatives Company (FDC). The report showed that Brent crude futures declined by 1.05 per cent to $93.26 per
- [Iran war: Nigeria’s fuel price would’ve been N6,000/litre without Dangote Refinery – IPMAN](https://www.thevaluechainng.com/iran-war-nigerias-fuel-price-wouldve-been-n6000-litre-without-dangote-refinery-ipman/): Independent Petroleum Marketers Association of Nigeria said Nigeria’s fuel price would have increased to between N5000 to N6000 per litre without Dangote Refinery amid the ongoing crisis in the middle east. The spokesperson of IPMAN, Chinedu Ukadike disclosed this in an interview with DAILY POST on Monday. He was speaking on the recent fuel price
- [Dangote Refinery Cuts Gasoline Production by 34% as Repair Work Underway](https://www.thevaluechainng.com/dangote-refinery-cuts-gasoline-production-by-34-as-repair-work-underway/): ...With June exports dropping to 10,000 bpd from 81,000 bpd in April The reduction at the Residual Fluid Catalytic Cracking Unit has pushed June gasoline exports down to 10,000 barrels per day from 81,000 barrels per day in April, according to commodities analytics firm Kpler. Africa’s largest refinery has reduced operating rates at its main
- [Ex-NNPC CFO to Senate: N210trn not missing; says N2.9bn, not N5.8bn, spent to register new company](https://www.thevaluechainng.com/ex-nnpc-cfo-to-senate-n210trn-not-missing-says-n2-9bn-not-n5-8bn-spent-to-register-new-company/): A former Chief Financial Officer (CFO) of Nigerian National Petroleum Company Limited (NNPC), Umar Ajiya, says no money is missing, contrary to reports that the company could not account for N210 trillion audit queries of the Auditor-General for the Federation. Ajiya stated this on Wednesday before senators in Abuja after presenting his report on the
- [SEPLAT’S NEW EMPIRE: Effy Okon Takes the Wheel as CEO While Tony Elumelu Steps in as Chairman to Build Africa's First Indigenous IOC](https://www.thevaluechainng.com/seplats-new-empire-effy-okon-takes-the-wheel-as-ceo-while-tony-elumelu-steps-in-as-chairman-to-build-africas-first-indigenous-ioc/): By Kunle Odusola-Stevenson For decades, the playbook for the African oil and gas sector followed a predictable script. Multinational titans—the historical International Oil Companies (IOCs)—extracted crude from the continent’s rich subsurface, while local indigenous firms operated on the margins, constrained by a lack of capital, infrastructure, and deep technical expertise. Today, that old script is
- [COVID-19 Era gave Arteta Space to Revive Arsenal, says Kroenke](https://www.thevaluechainng.com/covid-19-era-gave-arteta-space-to-revive-arsenal-says-kroenke/): Saidu Abubakar with Agency Reports Arsenal co-chair Josh Kroenke says behind-closed-doors football during the Covid-19 pandemic allowed manager Mikel Arteta "space" to help revive the "sleeping giant". The Kroenke Sports and Entertainment (KSE) group took full control of Arsenal in 2018, but it has not always been easy, with fan protests over how the club
- [Africa Risks Losing Maritime Opportunities, Dantsoho Warns ](https://www.thevaluechainng.com/africa-risks-losing-maritime-opportunities-dantsoho-warns/): By Anscella Obike The warning by the Managing Director of the Nigerian Ports Authority (NPA), Abubakar Dantsoho, that Africa risks missing major maritime opportunities without modern ports reflects growing concern that the continent’s trade infrastructure is failing to keep pace with global shipping realities. As international trade increasingly depends on larger vessels, faster cargo turnaround,
- [FG’s New Housing Roadmap Signals Shift Toward Scaled Delivery](https://www.thevaluechainng.com/fgs-new-housing-roadmap-signals-shift-toward-scaled-delivery/): By Adaobi Rhema Oguejiofor Nigeria’s housing crisis has long existed as both an economic challenge and a social reality. Across major cities and emerging urban centres, millions of Nigerians continue to struggle with rising rent costs, limited access to affordable mortgages, inadequate infrastructure, and a persistent shortage of decent housing. Amid the growing urbanisation and
- [Kasi Cloud’s 100MW Facility Signals New Era for Nigeria’s AI Ambitions ](https://www.thevaluechainng.com/kasi-clouds-100mw-facility-signals-new-era-for-nigerias-ai-ambitions/): By Adaobi Rhema Oguejiofor For years, Africa’s digital economy has relied heavily on infrastructure located outside the continent. Online searches, cloud transactions, banking services, streaming platforms, and artificial intelligence workloads generated in Africa have largely depended on servers in Europe, North America, and Asia. This dependence has affected internet speed, cloud costs, data sovereignty, cybersecurity,
- [Afrobeats Goes Global Again as Burna Boy Fronts FIFA World Cup 2026 Anthem ](https://www.thevaluechainng.com/afrobeats-goes-global-again-as-burna-boy-fronts-fifa-world-cup-2026-anthem/): By Anscella Obike The decision by Colombian superstar Shakira and Nigerian Afrobeats giant Burna Boy to release “Dai Dai” as the official anthem for the 2026 FIFA World Cup is more than a music collaboration. For Nigeria and Africa, it represents another major step in the continent’s growing cultural influence on the global stage. For
- [DisCos Under Fire as Nigerians Pay More but Get Less Power ](https://www.thevaluechainng.com/discos-under-fire-as-nigerians-pay-more-but-get-less-power/): By Anscella Obike Nigeria’s electricity sector is once again facing a credibility crisis as the collapse of the band-based tariff regime and the failure of electricity distribution companies (DisCos) to meet service delivery targets expose the widening gap between policy promises and operational realities. Recent reports by Vanguard that many Band A customers are no
- [Can Nigeria Secure Its Mining Future Amid Rising Illicit Financial Flows? ](https://www.thevaluechainng.com/can-nigeria-secure-its-mining-future-amid-rising-illicit-financial-flows/): By Anscella Obike The warning from the Nigeria Extractive Industries Transparency Initiative (NEITI) that weak oversight is fuelling illicit financial flows in Nigeria’s mining sector highlights a deeper governance crisis that threatens one of the country’s most important diversification ambitions. At a time when the federal government is aggressively promoting solid minerals as an alternative
- [Soaring Jet A1 Prices Trigger Route Suspensions ](https://www.thevaluechainng.com/soaring-jet-a1-prices-trigger-route-suspensions/): By Anscella Obike The decision by Rano Air to suspend some domestic routes over the spiralling cost of aviation fuel is more than a corporate adjustment. It is another warning sign that Nigeria’s aviation industry is entering a dangerous phase where survival, not expansion, has become the priority for many operators. According to reports, the
- [NADDC, RMRDC Drive New Push for Nigeria’s Local Automotive Revolution ](https://www.thevaluechainng.com/naddc-rmrdc-drive-new-push-for-nigerias-local-automotive-revolution/): By Adaobi Rhema Oguejiofor As global supply chains become increasingly unpredictable and industrial economies race toward self-reliance, Nigeria is beginning to intensify conversations around a question that has lingered for decades: can the nation truly build an automotive industry powered by its own resources? Recent moves by the National Automotive Design and Development Council (NADDC)
- [Before You Blame Stress, Drink Water](https://www.thevaluechainng.com/before-you-blame-stress-drink-water/): By Anastasia Adaeze THE DAY KOFI FINALLY LISTENED TO HIS BODY Kofi used to laugh at people who carried water bottles everywhere. "Are you going to the gym or just walking down the street?" He would tease. Life in Kumasi moved fast, and Kofi moved faster. Engines to fix, customers to attend to, bills to
- [Hantavirus Alert: Is the World Ready for Another Health Crisis?](https://www.thevaluechainng.com/hantavirus-alert-is-the-world-ready-for-another-health-crisis/): By Adaobi Rhema Oguejiofor Barely a few years after the devastation caused by COVID-19, another infectious disease outbreak is drawing global attention. Although health authorities insist the wider threat remains low, the recent hantavirus outbreak aboard an international cruise expedition has once again exposed how vulnerable the world remains to emerging diseases. The outbreak, linked
- [NNPC Donates MRI Machine To Dala Orthopaedic Hospital In Kano](https://www.thevaluechainng.com/nnpc-donates-mri-machine-to-dala-orthopaedic-hospital-in-kano/): By Saidu Abubakar NNPC Foundation, the Corporate Social Responsibility (CSR) arm of Nigerian National Petroleum Company Ltd., has commissioned and handed over a fully installed state-of-the-art, 1.5 Tesla Magnetic Resonance Imaging (MRI) System to the National Orthopaedic Hospital (NOH), Dala, Kano State. The intervention, which is in furtherance of NNPC Ltd’s commitment to improving healthcare
- [How Olu Verheijen Re-Anchored Global Capital to Nigeria’s Energy Frontier](https://www.thevaluechainng.com/how-olu-verheijen-re-anchored-global-capital-to-nigerias-energy-frontier/): Kunle Odusola-Stevenson For nearly a decade, the consensus among energy financiers regarding Nigeria was as uniform as it was grim. Despite holding Africa’s largest proven gas reserves and its most formidable oil basins, the nation had become a case study in lost opportunity. Paralytic bureaucracy, opaque fiscal terms, and regulatory friction drove international oil companies
- [Shadows in Avalon: Balancing Majesty and Survival in Gashaka Gumti National Park](https://www.thevaluechainng.com/shadows-in-avalon-balancing-majesty-and-survival-in-gashaka-gumti-national-park/): Tucked away in the remote, mountainous reaches of northeastern Nigeria, spanning the borders of Taraba and Adamawa states, lies a wilderness of mythic proportions. Covering approximately 6,660 square kilometres, Gashaka Gumti National Park is not merely Nigeria’s largest protected area; it is an ecological masterpiece. Writers and travellers often describe it as having an "Avalon-like"
- [“Nigeria Must Move Beyond Burning Gas to Making Things With It” — Felix Ekundayo](https://www.thevaluechainng.com/nigeria-must-move-beyond-burning-gas-to-making-things-with-it-felix-ekundayo/): At the recently concluded Nigeria International Energy Summit, industry leaders, policymakers, investors, and stakeholders gathered to discuss the future of Nigeria’s energy sector amid the global energy transition and Africa’s growing demand for industrial development. In this interview with The Valuechain Energy Magazine and TV, the President of the Nigeria Liquefied and Compressed Gases Association
- [Nigeria’s Agriculture Funding Gap Threatens Food Security Goals](https://www.thevaluechainng.com/nigerias-agriculture-funding-gap-threatens-food-security-goals/): By Ese Ufuoma In Nigeria, every loaf of bread, bowl of rice, tuber of yam, or plate of vegetables begins with the work of a farmer. Agriculture remains one of the country’s most critical sectors, employing millions of people and sustaining households across rural and urban communities alike. Yet despite its importance, the sector continues
- [Dangote’s $20 Billion Energy Vision Earns Continental Recognition](https://www.thevaluechainng.com/dangotes-20-billion-energy-vision-earns-continental-recognition/): By Silverline Ifeanyi Onyeabor The decision by the African Energy Chamber to name Aliko Dangote as the “African Energy Person of the Year 2026” is more than a ceremonial recognition. It reflects a major shift in Africa’s energy landscape, one increasingly driven by indigenous capital, local refining capacity and African-led industrialisation. For decades, Africa’s energy
- [As Refinery Talks Expand, Niger Delta Communities Seek Bigger Stake in Energy Future ](https://www.thevaluechainng.com/as-refinery-talks-expand-niger-delta-communities-seek-bigger-stake-in-energy-future/): By Ese Ufuoma The nude protest by women in Rivers State over the new refinery agreement between the NNPC Limited and two Chinese firms is more than a local grievance. It reflects a growing national frustration over Nigeria’s troubled refinery rehabilitation programme, the lack of transparency surrounding billions of dollars spent on repairs by past
- [Oil Giants Leave, Nigerian Firms Rise](https://www.thevaluechainng.com/oil-giants-leave-nigerian-firms-rise/): By William Emmanuel Ukpoju A quiet but historic transformation is reshaping Nigeria’s oil and gas industry. Across the creeks, swamps, and ageing oilfields of the Niger Delta, international oil companies (IOCs) are steadily retreating from the onshore terrain that once defined Nigeria’s petroleum economy. In their place, indigenous petroleum producers are emerging as the new
- [After Billions Spent, Nigeria Tries Again to Fix Its Refineries](https://www.thevaluechainng.com/after-billions-spent-nigeria-tries-again-to-fix-its-refineries/): By William Emmanuel Ukpoju For decades, Nigeria’s state-owned refineries have stood as monuments to waste, policy inconsistency, and broken promises. Built with the ambition of making Africa’s largest crude producer self-sufficient in refined petroleum products, the facilities in Port Harcourt, Warri, and Kaduna have instead consumed billions of dollars in rehabilitation costs while operating far
- [West Africa’s Mega Gas Pipeline Could Reshape Global Energy Flows by 2031](https://www.thevaluechainng.com/west-africas-mega-gas-pipeline-could-reshape-global-energy-flows-by-2031/): By Ese Ufoma The planned Nigeria-Morocco Gas Pipeline is increasingly emerging as one of Africa’s most strategic energy projects, particularly at a time when global energy security concerns are reshaping international alliances and investment priorities. Designed to transport natural gas from Nigeria through 13 West African countries to Morocco and onwards to Europe, the pipeline
- [Gas “Bankability” and Nigeria’s Looming 2026 Power Crisis](https://www.thevaluechainng.com/gas-bankability-and-nigerias-looming-2026-power-crisis/): By Silverline Ifeanyi Onyeabor Nigeria’s “Decade of Gas” was conceived as the grand bridge between an oil-dependent past and a more industrialised, energy-secure future. When the Federal Government launched the initiative in 2021, the vision appeared straightforward: leverage the country’s estimated 200 trillion cubic feet of proven gas reserves to power industries, stabilise electricity supply,
- [Nigeria’s Petrol Paradox: Why Fuel Prices Still Rise Despite Local Refining](https://www.thevaluechainng.com/nigerias-petrol-paradox-why-fuel-prices-still-rise-despite-local-refining/): By William Emmanuel Ukpoju Nigeria entered 2026 with what many believed would mark the beginning of a new energy era. For the first time in decades, Africa’s largest crude oil producer had become a net exporter of petrol, largely due to the growing output of the 650,000-barrel-per-day Dangote Refinery. After years of dependence on imported
- [Chevron Returns As Diamond Sponsor For African Energy Week 2026](https://www.thevaluechainng.com/chevron-returns-as-diamond-sponsor-for-african-energy-week-2026/): By Silverline Ifeanyi Onyeabor American energy major Chevron Corporation has reaffirmed its long-term commitment to Africa’s energy sector by returning as a Diamond Sponsor for the African Energy Week 2026. The renewed partnership signals Chevron’s sustained confidence in Africa’s vast upstream opportunities, growing natural gas market, and untapped exploration potential across several strategic basins on
- [The Evolving Petroleum Products Market Structure in Nigeria: Contestability, Governance, and the PIA](https://www.thevaluechainng.com/the-evolving-petroleum-products-market-structure-in-nigeria-contestability-governance-and-the-pia/): Preamble Nigeria’s downstream petroleum sector is evolving. It is undergoing perhaps the most significant structural transition in its history. For decades, the market operated within an environment dominated by administrative pricing, import dependence, opaque subsidy regimes, and recurring supply distortions. Prices were determined less by market fundamentals and more by political calculations, fiscal pressures, and
- [Pipeline of Promise: The High Stakes of Nigeria’s AKK Gas Revolution](https://www.thevaluechainng.com/pipeline-of-promise-the-high-stakes-of-nigerias-akk-gas-revolution/): By Gideon Osaka For decades, Nigeria's economy has been heavily reliant on crude oil, from the Niger Delta extraction to international exports. Oil revenues, petrol subsidies, and fluctuating global prices have defined its economic landscape. However, Nigeria possesses another underutilised resource with immense potential: natural gas. Nigeria's "Decade of Gas" initiative is transforming its midstream
- [₦1,300 to ₦2,000/kg: The Real Reason Cooking Gas Price Just Soared](https://www.thevaluechainng.com/₦1300-to-₦2000-kg-the-real-reason-cooking-gas-price-just-soared/): *Why is cooking gas suddenly ₦2,000/kg? A massive spike in household demand for holiday cooking (Eid/Ileya) has temporarily outpaced available local gas supplies. Heavy-duty truck drivers have significantly hiked transport fares to deliver gas from depots, a cost passed directly to consumers. Ongoing foreign exchange volatility and steep landing costs had already left retail gas
- [World Bank abandons Nigeria's power project over mounting subsidy expenses](https://www.thevaluechainng.com/world-bank-abandons-nigerias-power-project-over-mounting-subsidy-expenses/): Nigeria and the World Bank have agreed to scrap $717.7 million in unused loan money. The funds were earmarked for the Power Sector Recovery Performance-Based Operation, a five-year initiative designed… Nigeria and the World Bank have agreed to scrap $717.7 million in unused loan money. The funds were earmarked for the Power Sector Recovery Performance-Based
- [Dangote Faces Price War As NNPC Backs Fuel Imports](https://www.thevaluechainng.com/dangote-faces-price-war-as-nnpc-backs-fuel-imports/): The Nigerian National Petroleum Company Limited has told the Federal High Court sitting in Lagos that petroleum products from the Dangote Petroleum Refinery and Petrochemicals FZE are sold at “significantly high and fluctuating market prices”, warning that granting the refinery’s requests could hand it monopoly control of Nigeria’s downstream petroleum sector. The national oil company
- [Atiku Wins ADC Presidential Primary In Sokoto](https://www.thevaluechainng.com/atiku-wins-adc-presidential-primary-in-sokoto/): Former Vice President Atiku Abubakar won the presidential primary of the African Democratic Congress in Sokoto State on Monday. Announcing the results at the party secretariat in Sokoto, the state presidential primary collation officer, Prof. Aminu Abubakar, said 69,434 votes were cast out of 69,871 registered voters. According to the results, Atiku polled 68,823 votes
- [Nigeria’s Public Debt Rises By N72trn In 30 Months](https://www.thevaluechainng.com/nigerias-public-debt-rises-by-n72trn-in-30-months/): ‘FG accounts for 92.14% of total debt stock, states, 7.86%’ Nigeria’s total public debt has risen sharply by N71.9trn within the first two and a half years of President Bola Tinubu’s administration, raising fresh concerns among economic analysts over the country’s fiscal sustainability and rising debt servicing burden. Data obtained by THE POINT from the
- [Nigeria Receives $187.3m As US Reviews Aid Conditions](https://www.thevaluechainng.com/nigeria-receives-187-3m-as-us-reviews-aid-conditions/): The United States has disbursed a total of $187,352,312 in foreign assistance to Nigeria in 2026, according to updated data published on the US Department of State website on May 20, 2026, under the ‘US Foreign Assistance’ report. According to the data, Nigeria emerged as the second-largest recipient of US assistance in sub-Saharan Africa during
- [Nigeria’s Economy Expands By 3.89% In Q1 — NBS](https://www.thevaluechainng.com/nigerias-economy-expands-by-3-89-in-q1-nbs/): Nigeria’s economy expanded by 3.89 per cent in real terms in the first quarter of 2026, according to the latest Gross Domestic Product report released by the National Bureau of Statistics. The figure represents an improvement over the 3.13 per cent growth recorded in the corresponding period of 2025, reflecting stronger performance across key sectors
- [Tinubu's 24-Month Debt Outstrips Nigeria's 55-Year Borrowing - Oye](https://www.thevaluechainng.com/tinubus-24-month-debt-outstrips-nigerias-55-year-borrowing-oye/): The Chairman of the Alliance for Economic Research and Ethics LTD/GTE, Dele Oye, has lamented the unprecedented rise in public debt under the current administration, noting that the N65.9 trillion borrowed by the Bola Tinubu administration in the last 24 months exceeds more than five times the total debt Nigeria incurred in the first 55
- [Energy Theft, Obsolete Infrastructure Deepen Nigeria’s Electricity Crisis – Expert](https://www.thevaluechainng.com/energy-theft-obsolete-infrastructure-deepen-nigerias-electricity-crisis-expert/): According to The Guardian on May 25, 2026, energy expert Dr. Chinedu Okafor has identified rampant energy theft and obsolete infrastructure as the primary factors worsening Nigeria’s long-standing electricity crisis. Speaking at a power sector stakeholders’ forum in Lagos, Dr. Okafor stated that despite incremental improvements in generation capacity, the power industry continues to suffer
- [Cooking Gas, Petrol Prices Put Fresh Pressure on Nigerians in May](https://www.thevaluechainng.com/cooking-gas-petrol-prices-put-fresh-pressure-on-nigerians-in-may/): In May 2026, Nigerian households are experiencing increased financial pressure. Petrol and cooking gas prices have increased, while diesel is driving up business expenses. Rising energy costs now impact transport, food, power, and household income. Cooking gas is priced between ₦1,500 and ₦1,600 per kilogram in most markets. A 12.5kg cylinder costs approximately ₦18,750 to
- [Nigeria’s Eurobond yields trade, reflects rising long-term borrowing costs](https://www.thevaluechainng.com/nigerias-eurobond-yields-trade-reflects-rising-long-term-borrowing-costs/): Nigeria’s Eurobond yields closed higher across most maturities on Thursday, reflecting cautious investor sentiment in the international debt market despite relatively stable bond prices, according to data released by the Debt Management Office (DMO). The DMO’s latest pricing sheet showed that Nigeria’s sovereign Eurobonds recorded yields ranging from 5.655 per cent on the 2027 paper
- [Nigeria Installs 241,590 Electricity Meters In 2 Months](https://www.thevaluechainng.com/nigeria-installs-241590-electricity-meters-in-2-months/): Electricity distribution companies in Nigeria installed 241,590 new meters in January and February 2026. The Nigerian Electricity Regulatory Commission (NERC) released the figures in its monthly metering fact sheet. The companies metered 119,792 customers in January and 121,798 in February. As a result, the total number of metered customers rose from 7,086,376 in January to
- [NNPC Accuses Dangote Refinery Of Seeking Fuel Monopoly In Court Filing](https://www.thevaluechainng.com/nnpc-accuses-dangote-refinery-of-seeking-fuel-monopoly-in-court-filing/): Nigeria’s state oil firm ‌NNPC has accused Dangote Petroleum Refinery of seeking to restrict competition and expose the country’s fuel market to monopoly control by challenging import licences issued to rival marketers, according to court documents seen by Reuters. In a proposed defence filed at the Federal High Court in Lagos, NNPC said granting Dangote’s
- [Uganda Assures Stable Fuel Supply Amid Global Oil Market Disruptions](https://www.thevaluechainng.com/uganda-assures-stable-fuel-supply-amid-global-oil-market-disruptions/): Government says Uganda has sufficient fuel reserves despite Middle East instability affecting global oil markets, while new investments in storage, refining and supply infrastructure are expected to strengthen long-term energy security. The Ministry of Energy and Mineral Development has reassured Ugandans that the country’s petroleum products supply remains stable despite ongoing disruptions in global oil
- [NNPC Assesses Chinese Investment In Port Harcourt, Warri Refineries](https://www.thevaluechainng.com/nnpc-assesses-chinese-investment-in-port-harcourt-warri-refineries/): The Nigerian National Petroleum Company Limited is considering a new partnership arrangement that could see Chinese investors acquire a controlling stake in the Port Harcourt and Warri refineries as part of efforts to revive and expand the facilities. The proposed deal follows the signing of a Memorandum of Understanding between NNPC and two Chinese firms;
- [Nigeria’s Oil Exploration Declines 41.7% as Rig Counts Falls to 12 in April](https://www.thevaluechainng.com/nigerias-oil-exploration-declines-41-7-as-rig-counts-falls-to-12-in-april/): Nigeria’s oil exploration and drilling activities declined by 41.7 per cent in April 2026, following reduced upstream operations and investment activities. According to the May 2026 Monthly Oil Market Report (MOMR) of the Organisation of the Petroleum Exporting Countries (OPEC), Nigeria’s rig count, a major indicator of upstream oil and gas activities, dropped to 12
- [Egypt targets Nigeria’s CNG market as gas partnership deepens](https://www.thevaluechainng.com/egypt-targets-nigerias-cng-market-as-gas-partnership-deepens/): Egypt is moving to tap into Nigeria’s fast-growing compressed natural gas (CNG) market, with Egyptian automotive gas company Cargas signalling plans to expand operations into the country and support ongoing efforts to scale gas-powered transportation. The move follows a visit by a Cargas delegation to Nigeria as Cairo seeks to strengthen energy cooperation across African
- [World Bank Increases Guarantees To Mobilise $23bn Capital For Africa](https://www.thevaluechainng.com/world-bank-increases-guarantees-to-mobilise-23bn-capital-for-africa/): The World Bank’s Multilateral Investment Guarantee Agency (MIGA) has unveiled plans to scale up its guarantee issuance in Africa to $6.4 billion annually over the next three and a half years, in a move expected to mobilise about $23 billion in private capital for critical sectors across the continent. The planned expansion comes as multilateral
- [NMDPRA Threatens To Sanction Oil Firms Operating In Free Trade Zones Without Permits](https://www.thevaluechainng.com/nmdpra-threatens-to-sanction-oil-firms-operating-in-free-trade-zones-without-permits/): *The latest directive is expected to tighten regulatory scrutiny in Nigeria’s oil and gas sector, particularly in free trade and export processing zones where some operators have historically claimed varying regulatory exemptions The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), in a circular, has warned that oil and gas companies operating in free trade
- [UNIPORT, UNIBEN Win Regional NCDMB-sponsored Engineering Olympiad](https://www.thevaluechainng.com/uniport-uniben-win-regional-ncdmb-sponsored-engineering-olympiad/): ... Move to Boot Camp The University of Port Harcourt, represented by innovation Team PROTRONICS, and the University of Benin, by Team VHORDE, on Monday at the Nigerian Content Tower (NCT), Yenagoa, emerged winners from the South-South region in the Nigerian Engineering Olympiad (NEO). This development was contained in a statement by Obinna Ezeobi, PhD,
- [Cancel Fresh Petrol Import Licences, Jetties, Tank Farm Owners Urge FG](https://www.thevaluechainng.com/cancel-fresh-petrol-import-licences-jetties-tank-farm-owners-urge-fg/): Owners of petroleum products jetties, and tank farms have urged the federal government to cancel fresh approvals for petrol import licences, saying further issuance wouldSpeaking through their group, the Jetties and Petroleum Tank Farm Owners of Nigeria (JETFON), they distanced themselves from any planned suit by the Depot and Petroleum Products Marketers Association of Nigeria
- [FAAC Gets 100% PSC Boost As NNPC Implements Executive Order 9](https://www.thevaluechainng.com/faac-gets-100-psc-boost-as-nnpc-implements-executive-order-9/): The Federation Account Allocation Committee (FAAC) has started receiving the full proceeds from Nigeria’s Production Sharing Contract (PSC) oil revenues following the implementation of President Bola Ahmed Tinubu’s Executive Order 9 of 2026. The policy shift follows compliance by the Nigerian National Petroleum Company Limited (NNPC) with the presidential directive aimed at improving fiscal transparency
- [Africa’s Infrastructure Deficit Continues to Limit Economic Growth](https://www.thevaluechainng.com/africas-infrastructure-deficit-continues-to-limit-economic-growth/): Africa’s persistent infrastructure deficit continues to constrain economic growth, limit industrial expansion and weaken the continent’s ability to create jobs for its rapidly growing population despite increasing global interest in African markets. The issue dominated discussions at the 2026 Africa Forward Summit where political leaders, investors and business executives highlighted inadequate electricity supply, weak transport
- [Nigeria’s export growth continues, but manufacturing remains marginal](https://www.thevaluechainng.com/nigerias-export-growth-continues-but-manufacturing-remains-marginal/): Key points Nigeria’s total export value rose to N85.13 trillion in 2025, according to the National Bureau of Statistics (NBS). Manufactured exports contributed only 2.94 per cent of total exports, continuing a four-year stagnation trend. Industry stakeholders blame high production costs, poor infrastructure and weak policy implementation for the decline. Exporters say Nigeria is failing
- [Analysts Warn CBN Rate Hikes Risk Choking Investment, Productivity Growth](https://www.thevaluechainng.com/analysts-warn-cbn-rate-hikes-risk-choking-investment-productivity-growth/): Analysts warned that with inflation risks still tilted upward due to high energy prices and supply disruptions, further Central Bank of Nigeria tightening could slow private sector expansion and weigh on investment and productivity growth. They said that inflation is expected to remain on an uptrend, primarily due to elevated petroleum prices and tight food
- [NNPC Hands Over MRI Machine To Nnewi Hospital](https://www.thevaluechainng.com/nnpc-hands-over-mri-machine-to-nnewi-hospital/): ...Strengthens National Healthcare By Saidu Abubakar The Nigerian National Petroleum Company NNPC Foundation, the Corporate Social Responsibility (CSR) arm of NNPC Ltd., has commissioned and handed over a fully installed 1.5 Tesla Magnetic Resonance Imaging (MRI) System to the Nnamdi Azikiwe University Teaching Hospital (NAUTH), Nnewi, Anambra State. The intervention, which is in furtherance of
- [Reforms, FX Gains: S&P Raises Nigeria’s Credit Rating First Time In 14 Years](https://www.thevaluechainng.com/reforms-fx-gains-sp-raises-nigerias-credit-rating-first-time-in-14-years/): Citing President Bola Tinubu’s economic reforms, improved foreign exchange liquidity, stronger fiscal revenues, and rising external reserves, global ratings agency S&P Global Ratings has upgraded Nigeria’s long-term foreign and local currency credit ratings to ‘B’ from ‘B-’. In a statement dated May 15, 2026, the Agency acknowledged that improvement in Nigeria’s credit profile reflected gains
- [NCDMB Hosts 2026 Midstream,  Downstream  Stakeholders Summit](https://www.thevaluechainng.com/ncdmb-hosts-2026-midstream-downstream-stakeholders-summit/): The Nigerian Content Development and Monitoring Board (NCDMB) is set to host the 2026 Oil & Gas Midstream & Downstream Stakeholders Summit. The event is scheduled to hold from May 19–20, 2026, at Four Points by Sheraton Lagos, Victoria Island, Lagos. The summit is designed to bring together key decision-makers, government officials, regulators, institutional investors, financiers, operators, and EPC contractors to
- [Nigeria’s Inflation Rises To 15.69% In April](https://www.thevaluechainng.com/nigerias-inflation-rises-to-15-69-in-april/): Nigeria’s headline inflation rate climbed to 15.69 per cent in April 2026. The latest figures were released on Friday by the National Bureau of Statistics in its Consumer Price Index report. According to the bureau, the new inflation figure represents an increase from the 15.38 per cent recorded in March. The latest figures were released
- [The Worst Currencies in the World](https://www.thevaluechainng.com/the-worst-currencies-in-the-world/): A currency's exchange rate to the US dollar does not measure how stable or healthy it is. The Japanese yen trades around 150 to the dollar and remains one of the world's reserve currencies. The currencies on this list are different. They combine low exchange rates with hyperinflation, sanctions, multi-tier exchange systems, or political collapse,
- [Nigeria must apply political economics to protect national interest](https://www.thevaluechainng.com/nigeria-must-apply-political-economics-to-protect-national-interest/): For too long, Nigeria has acted as if economic decisions happen in a vacuum, driven only by markets and private calculus. That view is outdated. Every major investment, listing, and cross-border deal sits at the intersection of economics and politics. This is the core of political economics: markets do not operate outside of power, regulation,
- [Nigeria Inflation Rises Slightly to 15.69% in April 2026, NBS Says](https://www.thevaluechainng.com/nigeria-inflation-rises-slightly-to-15-69-in-april-2026-nbs-says/): Nigeria’s inflation rate rose slightly to 15.69% in April 2026, up from 15.38% in March, according to the National Bureau of Statistics (NBS). The NBS said in its Consumer Price Index report released Friday that the increase reflects continued pressure on prices, even as monthly inflation slowed to 2.13% from 4.18% in March. “This shows
- [OPEC+ Plans Quota Hikes To Restore 1.65MBD Cuts Latest September](https://www.thevaluechainng.com/opec-plans-quota-hikes-to-restore-1-65mbd-cuts-latest-september/): ...OPEC countries currently account for roughly 40% of global crude oil production, though this share has been declining over time Key members of OPEC+ are planning gradual oil quota increases over the coming months to fully restore a previously halted production by September at the latest. According to a Bloomberg report, the group has already
- [NUPRC seeks joint action on gas-to-power challenges](https://www.thevaluechainng.com/nuprc-seeks-joint-action-on-gas-to-power-challenges/): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Thursday tasked stakeholders in the gas, power and financial sector on a joint action on gas-to-power challenges. Chief Executive, Oritsemeyiwa Eyesan, made the call during her goodwill message at the 2026 Gas-to-Power Sector Stakeholders’ Engagement held at the Afreximbank Africa Trade Centre (AATC) in Abuja The theme of the
- [ADC Slams Tinubu’s Fresh $1.25bn World Bank Loan](https://www.thevaluechainng.com/adc-slams-tinubus-fresh-1-25bn-world-bank-loan/): ... Says Nigerians are paying price of ‘ponzi economy’ African Democratic Congress (ADC) has condemned the Federal Government’s move to secure another $1.25 billion loan from the World Bank, describing the Tinubu administration’s borrowing pattern as dangerous and unsustainable. In a statement issued by the party’s National Publicity Secretary, Bolaji Abdullahi, the opposition ADC expressed
- [Nigeria targets $20bn foreign direct investment in 2026](https://www.thevaluechainng.com/nigeria-targets-20bn-foreign-direct-investment-in-2026/): President Bola Ahmed Tinubu has projected that Nigeria could attract nearly $20 billion in foreign direct investment (FDI) in 2026, citing ongoing economic reforms aimed at improving transparency, efficiency, and investor confidence. Tinubu made the projection on Thursday while speaking at the Africa CEO Forum in Kigali, Rwanda. “This year alone, I can beat my
- [When Buhari Left, Our Debt Was ₦87T, Today, It Is About ₦200T, And We Are Still Borrowing-Peter Obi](https://www.thevaluechainng.com/when-buhari-left-our-debt-was-₦87t-today-it-is-about-₦200t-and-we-are-still-borrowing-peter-obi/): Former Anambra State governor, Peter Obi, has expressed concern over Nigeria’s rising debt profile, saying the country continues to borrow heavily despite promises that subsidy removal would reduce borrowing. Speaking during an interview on News Central TV, on Thursday May 14 2026, Obi explained that Nigeria’s total debt has grown significantly over the years. He
- [Nigeria’s Crude Oil Production Rises to 1.489 Million bpd in April](https://www.thevaluechainng.com/nigerias-crude-oil-production-rises-to-1-489-million-bpd-in-april/): Nigeria’s crude oil output increased to 1.489 million barrels per day (bpd) in April 2026. This level marks the highest production in four months and shows the country moved closer to its OPEC quota. OPEC data showed that Nigeria produced an average of 1,488,540 bpd last month. The figure reached about 99.2 percent of the
- [Debt crisis looms as Nigeria may spend $11.6bn on debt repayment in 2026 — Tinubu](https://www.thevaluechainng.com/debt-crisis-looms-as-nigeria-may-spend-11-6bn-on-debt-repayment-in-2026-tinubu/): President Bola Tinubu has raised concerns over Nigeria’s growing debt burden, warning that the country could spend as much as $11.6 billion on debt servicing in 2026 if current global financial conditions persist. Speaking at the Africa Forward Summit held in Nairobi, the president said nearly half of Nigeria’s projected revenue may be used to
- [Court sends ex-Power Minister Mamman to prison for 75 years over ₦33.8bn fraud](https://www.thevaluechainng.com/court-sends-ex-power-minister-mamman-to-prison-for-75-years-over-₦33-8bn-fraud/): A Federal High Court in Abuja has sentenced former Minister of Power, Saleh Mamman, to 75 years imprisonment after finding him guilty of fraud and money laundering involving about ₦33.8 billion linked to major power projects in Nigeria. The judgment, delivered by Justice James Omotosho, followed months of trial initiated by the Economic and Financial
- [Tinubu: Subsidy Has To Go, What Study Have You Done, Before You Wake Up, Say No More Subsidy — Obasanjo](https://www.thevaluechainng.com/tinubu-subsidy-has-to-go-what-study-have-you-done-before-you-wake-up-say-no-more-subsidy-obasanjo/): Former President Olusegun Obasanjo has said some of the major economic reforms introduced by President Bola Ahmed Tinubu were necessary policies but lacked adequate preparation, study, and planning before implementation. Obasanjo made the remarks during an exclusive interview on NoireTV aired on Wednesday, May 13, 2026, while responding to questions about what advice he would
- [NMDPRA eases gasoline import restrictions following leadership change](https://www.thevaluechainng.com/nmdpra-eases-gasoline-import-restrictions-following-leadership-change/): Nigeria’s downstream regulator has significantly loosened restrictions on foreign fuel imports, granting six marketers licenses to bring in 600,000 metric tons of gasoline. This volume represents more than triple the previously approved allowances. The licensed entities: Matrix, AA Rano, AYM Shafa, Nipco, Pinnacle, and Bono are expected to source the product from the offshore Lome
- [Breaking: Court Convicts Ex-Power Minister Mamman Of N33.8bn Fraud](https://www.thevaluechainng.com/breaking-court-convicts-ex-power-minister-mamman-of-n33-8bn-fraud/): The Federal High Court sitting in Abuja has convicted former Minister of Power, Saleh Mamman, of 12 counts of fraud and money laundering totaling N33.8 billion. In a judgment delivered on Thursday by Justice James Omotosho, the court found that the Economic and Financial Crimes Commission (EFCC) had proven the charges against the former minister
- [Nigeria Loses Another Ex-Eagles Star On The Pitch](https://www.thevaluechainng.com/nigeria-loses-another-ex-eagles-star-on-the-pitch/): By Saidu Abubakar According to reports on Friday, 24th April, 2026, Michael Eneramo, a former Super Eagles player, slumped and died while playing in a local football match at Angwan Yelwa, a suburb of Kaduna, where the 40-year-old was featuring when the incident occurred. The former international came on in the second half as a
- [Commonwealth Games: Nigeria's Hosting Pursuit](https://www.thevaluechainng.com/commonwealth-games-nigerias-hosting-pursuit/): Saidu Abubakar with additional Agency Reports Nigeria has participated in the Commonwealth Games since 1950, with a strong history in athletics, wrestling, and weightlifting. Nigeria achieved its best performance at the 2022 Birmingham Games with 35 medals (12 gold). The country is currently preparing for the 2026 Games. Nigeria, through the Nigerian Olympic Committee and
- [Trade Surges, Bottlenecks Remain at Nigeria’s Ports](https://www.thevaluechainng.com/trade-surges-bottlenecks-remain-at-nigerias-ports/): By Anscella Obike Nigeria’s maritime sector is seeing renewed activity, as rising vessel traffic and ongoing reforms highlight both opportunities and persistent challenges across the nation’s port system. While trade volumes remain strong, stakeholders say infrastructure gaps and funding concerns continue to constrain the sector’s full potential. Recent updates from the Nigerian Ports Authority indicate
- [PASGA: How a Quiet Workforce Audit Could Reshape Nigeria’s Housing Delivery](https://www.thevaluechainng.com/pasga-how-a-quiet-workforce-audit-could-reshape-nigerias-housing-delivery/): By Adaobi Rhema Oguejiofor In the often complex ecosystem of housing and urban development, attention typically gravitates toward visible outcomes like new estates, policy pronouncements, or funding commitments. However, beneath these tangible markers lies a less visible but equally decisive factor: the capacity of the public institutions tasked with delivering them. At Nigeria’s Federal Ministry
- [Will Data Rules Make or Break Africa’s AI Revolution?](https://www.thevaluechainng.com/will-data-rules-make-or-break-africas-ai-revolution/): By Adaobi Rhema Oguejiofor Africa’s ambitions in artificial intelligence (AI) are growing fast. The challenge is no longer about ideas or even access to technology. The real problem lies in how data is managed across the continent. AI depends on data to work effectively. But in Africa, data systems are often fragmented, inconsistent, and restricted
- [Fela Kuti Honour and Nollywood Growth Highlight Industry Expansion](https://www.thevaluechainng.com/fela-kuti-honour-and-nollywood-growth-highlight-industry-expansion/): By Anscella Obike Nigeria’s entertainment industry is once again in the spotlight as recent developments highlight its growing influence both locally and internationally. From global recognition of music legends to a steady stream of new film releases, the sector continues to expand its reach while adapting to changing audience demands. The recent induction of Afrobeat
- [Low Output and N6 Trillion Debt Weigh on Nigeria’s Electricity Industry](https://www.thevaluechainng.com/low-output-and-n6-trillion-debt-weigh-on-nigerias-electricity-industry/): By Anscella Obike Nigeria’s electricity sector remains under intense pressure as mounting debt, low power generation, and ongoing structural challenges continue to weigh heavily on the system. Despite repeated reform efforts, recent developments suggest that the gap between electricity demand and supply is widening, leaving consumers and industry stakeholders grappling with uncertainty. It is against
- [Nigeria’s Untapped Wealth Slips Away Through Illegal Mining ](https://www.thevaluechainng.com/nigerias-untapped-wealth-slips-away-through-illegal-mining/): By Anscella Obike A new report by the Nigeria Extractive Industries Transparency Initiative has laid bare the deep-rooted governance failures fuelling illicit financial flows (IFFs) in Nigeria’s mining sector, raising fresh concerns about revenue losses, security risks, and the long-term viability of the country’s solid minerals industry. Published amid renewed government interest in diversifying away
- [Safety Up, Costs Higher: Nigeria’s Aviation Sector Faces New Test](https://www.thevaluechainng.com/safety-up-costs-higher-nigerias-aviation-sector-faces-new-test/): By Anscella Obike Nigeria’s aviation industry is entering a delicate phase marked by a paradox of progress and pressure. While the country has recorded a historic milestone in aviation safety, domestic airlines are simultaneously grappling with soaring jet fuel prices that threaten to disrupt operations and drive up ticket costs. At the heart of the
- [Kaduna Bets on Auto Industry to Drive Jobs and Growth](https://www.thevaluechainng.com/kaduna-bets-on-auto-industry-to-drive-jobs-and-growth/): By Adaobi Rhema Oguejiofor Kaduna State’s renewed support for Dangote Peugeot Automobiles Nigeria Limited reflects a broader shift in how Nigerian states are approaching economic development. Rather than relying heavily on federal allocations, Kaduna is betting on industrialisation and private sector partnerships to create jobs and reduce poverty. Governor Uba Sani has made it clear
- [Healing in Motion: Africa’s Journey into the Global Wellness Tourism Spotlight](https://www.thevaluechainng.com/healing-in-motion-africas-journey-into-the-global-wellness-tourism-spotlight/): By Anastasia Adaeze I used to think of travel in Africa as adventures first, safaris, bustling markets, and history layered in every corner. But something has shifted. Now, when we talk about travel across the continent, we are also talking about something quieter, deeper, healing, restorative, and intentional: rest. Wellness tourism in Africa is no
- [Why Nigeria Must Declare State of Emergency in the Health Sector](https://www.thevaluechainng.com/why-nigeria-must-declare-state-of-emergency-in-the-health-sector/): By Adaobi Rhema Oguejiofor Nigeria’s fragile health system has once again been thrust into global scrutiny not by domestic critics, but by one of its most influential international partners. A recent advisory by the United States government warning its citizens against travelling to Nigeria did more than highlight insecurity; it delivered a damning verdict on
- [Capital Goes Where Value Is Clear: Bayo Ojulari’s Bold One-Year Transformation of NNPC](https://www.thevaluechainng.com/capital-goes-where-value-is-clear-bayo-ojularis-bold-one-year-transformation-of-nnpc-2/): By Kunle Odusola-Stevenson One year after his appointment on April 2, 2025, Bashir Bayo Ojulari has recast the trajectory of NNPC Limited with a blend of commercial discipline, institutional integrity, and global strategic clarity. At a time when energy markets are being reshaped by capital selectivity, transition imperatives, and geopolitical uncertainty, his leadership has restored
- [Saidu Mohammed Advocates Phased Fuel Harmonisation for Africa at ARDA Week 2026 Cape Town, South Africa](https://www.thevaluechainng.com/saidu-mohammed-advocates-phased-fuel-harmonisation-for-africa-at-arda-week-2026-cape-town-south-africa/): By Kunle Odusola-Stevenson Engr. Saidu Mohammed, Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has called for a pragmatic, phased approach to fuel specification harmonisation across Africa, cautioning against rigid targets that do not reflect market realities. Speaking at the panel session, “Policy Pathways to Fuel Specification Harmonisation: Regulation, Progress, and
- [Africa’s Risk Premium Reset: How Middle East Instability is Repricing Global Energy Investment](https://www.thevaluechainng.com/africas-risk-premium-reset-how-middle-east-instability-is-repricing-global-energy-investment/): Global energy markets are entering a phase of structural repricing. The ongoing Gulf conflict and subsequent disruptions at the Strait of Hormuz are forcing investors to reassess long-held assumptions about risk perceptions in the Middle East. Approximately 20% of global oil and gas trade has been affected, while operational disruptions in Qatar, the UAE and
- [Why COP31 is a Make-or-Break Moment for Africa](https://www.thevaluechainng.com/why-cop31-is-a-make-or-break-moment-for-africa/): As the global caravan of diplomats, scientists, and activists prepares to descend upon the sun-drenched coast of Antalya, Turkey, for the 31st United Nations Climate Change Conference (COP31), the air is thick with more than just Mediterranean humidity. There is a palpable sense of urgency, or perhaps, more accurately, a weary desperation. This year’s summit,
- [PEWI's Insights On NOGEP Issues - Nigerian National Petroleum Company Limited (NNPC): Balancing National and Commercial Interests in the Petroleum Industry Act (PIA) Era](https://www.thevaluechainng.com/pewis-insights-on-nogep-issues-nigerian-national-petroleum-company-limited-nnpc-balancing-national-and-commercial-interests-in-the-petroleum-industry-act-pia-era/): Preamble Ngeria’s petroleum sector stands at a defining institutional intersection, and at its centre lies the Nigerian National Petroleum Company Limited (NNPC). Conceived under the Petroleum Industry Act (PIA) as a commercially driven entity, NNPC was expected to mark a decisive break from the legacy of administrative control, opacity, and fiscal entanglement that characterised its
- [“Short-Term Gains Must Not Come at the Cost of Long-Term Credibility” —  Professor Wumi Iledare](https://www.thevaluechainng.com/short-term-gains-must-not-come-at-the-cost-of-long-term-credibility-professor-wumi-iledare/): Nigeria’s petroleum sector stands at a critical juncture where the promise of reform is being assessed by the realities of governance. The Petroleum Industry Act (PIA) was enacted to institutionalise transparency, strengthen regulatory autonomy, and reduce the culture of discretionary decision-making that historically shaped the industry. However, recent presidential interventions have reintroduced important questions about
- [Regulatory Shock or Strategic Reset?](https://www.thevaluechainng.com/regulatory-shock-or-strategic-reset/): Tinubu’s NMDPRA Shake-Up and the Battle for Investor Confidence By Gideon Osaka The sudden removal of the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority by President Bola Ahmed Tinubu has sent ripples through Nigeria’s oil and gas sector, reigniting long-standing concerns about regulatory stability and investor confidence. Officially justified as
- [Nigeria’s Food Price Crisis Why Feeding the Nation Is Becoming Harder](https://www.thevaluechainng.com/nigerias-food-price-crisis-why-feeding-the-nation-is-becoming-harder/): By Ese Ufuoma Across Nigeria, one issue is affecting almost every home: food is becoming too expensive. From rice to garri, tomatoes to beans, prices have gone up sharply. What used to be normal meals are now difficult for many families to afford. This is no longer a small problem. It is a national crisis.
- [AI & Digital Oilfields: The Technology Transforming Energy Production](https://www.thevaluechainng.com/ai-digital-oilfields-the-technology-transforming-energy-production/): By Ese Ufuoma The oil and gas industry is no longer what it used to be. Today, data is just as important as crude oil. Across the world, companies are moving from traditional drilling to smarter systems powered by Artificial Intelligence (AI) and digital oilfields. A digital oilfield simply means using technology like sensors, software,
- [Refine or Decline: Africa’s Defining Energy Moment](https://www.thevaluechainng.com/refine-or-decline-africas-defining-energy-moment/): As fuel demand surges, Africa must decide whether to build its own refining future or remain vulnerable to global supply shocks By William Emmanuel Ukpoju Africa is standing on the edge of a quiet but profound energy crisis, one that is not arriving suddenly, but building gradually through decades of structural imbalance. By 2040, the
- [NLNG Enters a New Era Under Adeleye Falade](https://www.thevaluechainng.com/nlng-enters-a-new-era-under-adeleye-falade/): By Silverline Ifeanyi Onyeabor A quiet but consequential transition is underway at Nigeria LNG Limited (NLNG), one that speaks not only to leadership succession but also to the evolving identity of Nigeria’s most successful gas enterprise. With the appointment of Adeleye Falade as Managing Director and Chief Executive Officer effective April 1, 2026, the company
- [NNPC Signs MoU for Restart, Expansion of Warri, PH Refineries](https://www.thevaluechainng.com/nnpc-signs-mou-for-restart-expansion-of-warri-ph-refineries/): By Saidu Abubakar The NNPC Ltd has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd, for collaboration through a potential Technical Equity Partnership (TEP) in support of the completion and operation of the Port Harcourt and Warri Refineries. Andy
- [Data Before Drills: The Strategy Behind Sierra Leone’s Shell Deal](https://www.thevaluechainng.com/data-before-drills-the-strategy-behind-sierra-leones-shell-deal/): By William Emmanuel Ukpoju Sierra Leone’s quiet entry into the global upstream spotlight is beginning to reverberate far beyond its shores. With the signing of a reconnaissance agreement with Shell Exploration Company B.V., the country has not only attracted a major oil company but also positioned itself in the West African energy investment landscape at
- [From Houston to Kaduna: Africa’s Energy Power Shift Begins](https://www.thevaluechainng.com/from-houston-to-kaduna-africas-energy-power-shift-begins/): By Silverline Ifeanyi Onyeabor Africa’s long-standing challenge in the global energy system has never been a lack of resources; it has been a deficit of influence, coordination, and negotiating power. The recent admission of the African Petroleum Producers’ Organisation (APPO), through its Legal Counsel, Mr Bakamba Loguelko, into the Association of International Energy Negotiators (AIEN)
- [Opportunity or Instability? Africa Faces New Oil Reality Post-UAE Exit](https://www.thevaluechainng.com/opportunity-or-instability-africa-faces-new-oil-reality-post-uae-exit/): By William Emmanuel Ukpoju The decision by the United Arab Emirates (UAE) to exit the Organization of the Petroleum Exporting Countries (OPEC) marks one of the most consequential shifts in the global energy order in recent years. Announced against the backdrop of intensifying geopolitical tensions linked to the ongoing Iran war, the move is far
- [The New Oil Shock: Why Nigeria Matters](https://www.thevaluechainng.com/the-new-oil-shock-why-nigeria-matters/): By Ese Ufuoma The global oil market is once again entering uncertain territory. However, unlike previous crises, this one is not defined by sudden disruption or dramatic geopolitical events. Rather, it is emerging gradually through a tightening balance between supply and demand, compounded by years of underinvestment and structural inefficiencies. In practical terms, the world
- [NCDMB Salutes Nigerian Workers](https://www.thevaluechainng.com/ncdmb-salutes-nigerian-workers/)
- [ExxonMobil CEO sees chance of higher oil prices as earnings dip](https://www.thevaluechainng.com/exxonmobil-ceo-sees-chance-of-higher-oil-prices-as-earnings-dip/): US oil giants reported lower earnings Friday with accounting effects muting the benefits of the Middle East oil shock, as ExxonMobil's CEO cautioned that crude prices could still increase. Oil prices jumped during the quarter from the p-$60s in early February to more than $100 a barrel at times in March as Iran's almost complete
- [NNPC Limited Records Major Breakthrough With Successful River Niger Crossing on OB3 Gas Pipeline](https://www.thevaluechainng.com/nnpc-limited-records-major-breakthrough-with-successful-river-niger-crossing-on-ob3-gas-pipeline/): By Saidu Abubakar The NNPC Gas Infrastructure Company (NGIC), a wholly owned subsidiary of NNPC Limited, has successfully completed the River Niger Crossing of the 130-kilometre Obiafu-Obrikom-Oben (OB3) Gas Pipeline, marking a major milestone in the expansion of Nigeria’s national gas transmission network. The development was contained in a statement by Andy Odeh, who is
- [Tinubu Sacks NMDPRA Boss, Names Replacement](https://www.thevaluechainng.com/tinubu-sacks-nmdpra-boss-names-replacement/): President Bola Tinubu has removed Saidu Mohammed as head of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). He has nominated Rabiu Abdullahi Umar to replace him, but the appointment still requires Senate approval. This was disclosed by Bayo Onanuga, Special Adviser to the President on Information and Strategy, and shared on X on
- [How Can Subsidy Be Removed And We Are Still Borrowing? - Victoria Orenze Calls Out Government](https://www.thevaluechainng.com/how-can-subsidy-be-removed-and-we-are-still-borrowing-victoria-orenze-calls-out-government/): Gospel singer Victoria raises concerns about Nigeria’s economic situation. She questions the impact of the removal of the fuel subsidy on citizens. Victoria highlights ongoing government borrowing and its implications for the economy. Gospel singer Victoria Orenze has sparked conversation online after questioning Nigeria’s economic realities, particularly the removal of fuel subsidy, continued government borrowing,
- [FG Inaugurates NUPRC Board With Mandate On Transparency, PIA Reforms](https://www.thevaluechainng.com/fg-inaugurates-nuprc-board-with-mandate-on-transparency-pia-reforms/): The Federal Government has taken a significant step toward stabilizing the governance of Nigeria’s oil and gas sector. On Tuesday, April 28, 2026, the SGF, Sen. George Akume, officially inaugurated the Board of the NUPRC, the agency responsible for overseeing the country’s “upstream” activities, essentially everything related to the exploration and production of crude oil
- [Waltersmith Showcases Expanded Refinery to NCDMB, NMDPRA](https://www.thevaluechainng.com/waltersmith-showcases-expanded-refinery-to-ncdmb-nmdpra/): …Plans for condensate refinery, industrial park By Saidu Abubakar The Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe on Thursday joined the Authority Chief Executive (ACE) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Saidu Mohammed, to visit the Waltersmith modular refinery at Ohaji-Egbema, Imo State. The visit was to inspect the newly
- [NNPC disowns report on refinery parts sale](https://www.thevaluechainng.com/nnpc-disowns-report-on-refinery-parts-sale/): The Nigerian National Petroleum Company Limited (NNPC) has denied claims that it is selling refinery scrap and equipment, warning the public to disregard fraudulent reports and individuals falsely presenting themselves as its agents. The company said it has not issued any request for bids, tenders, or expressions of interest for the sale or disposal of
- [NNPC debunks claims of refinery scrap sales](https://www.thevaluechainng.com/nnpc-debunks-claims-of-refinery-scrap-sales/): ... cautions public on fraudulent schemes The Nigerian National Petroleum Company Limited has issued a public warning over misleading reports alleging that it is offering refinery scrap materials, equipment, and components for sale to individuals and private entities. In a statement released on Friday and signed by its Chief Corporate Communications Officer, Andy Odeh, the
- [‘Why are we still borrowing after subsidy removal?’ – Sanusi queries FG](https://www.thevaluechainng.com/why-are-we-still-borrowing-after-subsidy-removal-sanusi-queries-fg/): Emir of Kano, Muhammadu Sanusi II, has raised fresh concerns over the Federal Government’s growing debt profile, questioning the rationale for continued borrowing despite the removal of petrol subsidy. Speaking during an interview published by News Central TV on Friday, the former Governor of the Central Bank of Nigeria said key reforms such as subsidy
- [Gas Producers Supply 62% To Foreign Markets In Q1](https://www.thevaluechainng.com/gas-producers-supply-62-to-foreign-markets-in-q1/): ... Amidst Blackout Despite the nationwide shortage in electricity supply, Nigeria’s gas market in the first quarter of 2026 supplied 62 per cent of gas produced to foreign markets. According to data from factsheets by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), an average of 4.832 bscf/day was produced during the quarter but
- [African Energy Chamber Forecasts Growth Of Nigeria’s Oil Industry, Citing Fiscal Reforms](https://www.thevaluechainng.com/african-energy-chamber-forecasts-growth-of-nigerias-oil-industry-citing-fiscal-reforms/): The African Energy Chamber (AEC), has predicted potential growth of Nigeria’s oil and gas industry, citing recent government interventions and ongoing fiscal reforms. In particular, the Chamber praised Federal Government’s decisive and timely intervention in the Dawes Island marginal field dispute, reinforcing the country’s commitment to protecting indigenous investment and sustaining momentum in oil and
- [Alleged Stolen N34 Trillion: Dino Melaye Demands Reasons For Edun’s Sack](https://www.thevaluechainng.com/alleged-stolen-n34-trillion-dino-melaye-demands-reasons-for-eduns-sack/): Dino Melaye, a chieftain of the African Democratic Congress, ADC, has asked President Bola Tinubu to disclose the reason for the removal of the minister of finance, Wale Edun. DAILY POST reports that President Tinubu on Tuesday removed Edun as minister of finance and announced Taiwo Oyedele as his replacement. The presidency was, however, mum
- [NMDPRA Hailed Over Aviation Fuel Stability, Crisis Aversion](https://www.thevaluechainng.com/nmdpra-hailed-over-aviation-fuel-stability-crisis-aversion/): An oil sector advocacy group, the Centre for Energy Market Integrity and Sustainability, has commended the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for stabilising the aviation fuel market. The group said the regulator’s recent intervention helped to ease tensions within the aviation sector and prevented a potential disruption to air travel operations. In
- [Tinubu Suspends Halima Shehu As NSIPA Coordinator](https://www.thevaluechainng.com/tinubu-suspends-halima-shehu-as-nsipa-coordinator/): ...Barely 3 Months After Appointment President Bola Ahmed Tinubu has suspended Halima Shehu as the Chief Executive Officer (CEO) and the National Coordinator of the National Social Investment Programme Agency (NSIPA). According to Channels Television, the President approved Shehu’s suspension with immediate effect and ordered her replacement. Recall that Shehu was appointed by President Tinubu
- [BREAKING: Tinubu Sacks Finance Minister Wale Edun, Housing Counterpart, Dangiwa](https://www.thevaluechainng.com/breaking-tinubu-sacks-finance-minister-wale-edun-housing-counterpart-dangiwa/): President Bola Ahmed Tinubu has approved a minor cabinet reshuffle in the membership of the Federal Executive Council (FEC). According to a memo signed by the Secretary to the Government of the Federation, Senator George Akume, two cabinet members, Mr. Wale Edun and Arc. Ahmed Musa Dangiwa are to leave the cabinet while their replacements
- [Impact Of Reading And Creativity Stressed As NCDMB Organizes Q1 2026 Book Reading](https://www.thevaluechainng.com/impact-of-reading-and-creativity-stressed-as-ncdmb-organizes-q1-2026-book-reading/): The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday at its Conference Centre (Rose 1101) hosted the first quarter 2026 edition of its Book Reading Series, with a one-time Director-General of the Nigerian Maritime and Safety Administration (NIMASA), Dr. Dakuku Peterside, as Guest Author. This was contained in a statement by Obinna Ezeobi, PhD, who is the General Manager,
- [Oloibiri Confab Repositions Nigeria’s Energy Sector Toward Innovation, Competitive Growth](https://www.thevaluechainng.com/oloibiri-confab-repositions-nigerias-energy-sector-toward-innovation-competitive-growth/): The Chairman, Society of Petroleum Engineers, Nigeria Council, Mr. Francis Nwaochei, has said that the 2026 Oloibiri Lecture & Energy Forum (OLEF 2026) is a defining moment to reposition the industry’s trajectory toward a future anchored on intelligence, resilience, and shared prosperity. “OLEF 2026 represents our collective commitment to move beyond dialogue and deliver practical,
- [The Leak In Pipelines: Why Nigeria’s Trillions Fail To Reach Streets](https://www.thevaluechainng.com/the-leak-in-pipelines-why-nigerias-trillions-fail-to-reach-streets/): Nigeria’s oil sector may be showing signs of recovery, but the benefits are yet to reflect in the daily realities of citizens, raising fresh concerns about how national revenue is managed and distributed. Data from the Nigerian National Petroleum Company Limited, Federation Account records, and transparency reports indicate a widening gap between rising oil earnings and
- [Sub national Debt Rises to N4.36trn, Lagos Tops with N1.04trn](https://www.thevaluechainng.com/sub-national-debt-rises-to-n4-36trn-lagos-tops-with-n1-04trn/): Nigeria’s sub national debt burden climbed to N4.36 trillion in 2025, underscoring growing fiscal pressure on state governments, with Lagos State retaining its position as the most indebted at N1.04 trillion. Latest data released by the Debt Management Office showed that the combined debt stock of the 36 states and the Federal Capital Territory rose
- [UN Experts Demand Immediate EU Suspension of Israel Trade Deal](https://www.thevaluechainng.com/un-experts-demand-immediate-eu-suspension-of-israel-trade-deal/): A group of UN experts called on the European Union to immediately suspend its trade agreement with Israel, arguing that maintaining preferential market access for the Israeli regime is the minimum measure required.under international law given well-documented allegations of human rights violations and atrocity crimes. According to a report made by Anadolu English on Tuesday,
- [Oil Surges 6% as U.S.–Iran Tensions Tighten Supply Outlook](https://www.thevaluechainng.com/oil-surges-6-as-u-s-iran-tensions-tighten-supply-outlook/): Global oil prices rallied sharply on Monday, with benchmarks gaining up to 6 per cent as escalating tensions between the United States and Iran heightened fears of supply disruption. International benchmark Brent crude jumped by 5.5 per cent to $95.32 per barrel from $90.38, reflecting a $4.94 increase in a single session. Similarly, West Texas
- [Oil firms pay $646m gas flaring penalty, highest in five years](https://www.thevaluechainng.com/oil-firms-pay-646m-gas-flaring-penalty-highest-in-five-years/): Oil and gas companies operating in Nigeria paid an estimated $646 million in gas flaring penalties in 2025, the highest level in five years, as emissions surged. This development revealed persistent gaps in the country’s long-running efforts to curb the wasteful and environmentally damaging practice. The available data on the Nigerian Oil Spill Monitor spans
- [How 50 days of the Iran war led to the loss of $50 billion worth of oil](https://www.thevaluechainng.com/how-50-days-of-the-iran-war-led-to-the-loss-of-50-billion-worth-of-oil/): The global oil market has lost more than $50 billion worth of crude since the Iran war began nearly 50 days ago, with analysts warning that the effects could last for months or even years. More than 500 million barrels of crude and condensate have been removed from the global market since the crisis escalated
- [Shell/NNPC, partners, deliver Geosciences Centre of Excellence at UNILAG](https://www.thevaluechainng.com/shell-nnpc-partners-deliver-geosciences-centre-of-excellence-at-unilag/): Shell Nigeria Exploration and Production Company Limited (SNEPCo) has teamed up with the Nigerian National Petroleum Company Limited (NNPC) and the Nigerian Content Development and Monitoring Board (NCDMB) to deliver a Geosciences Centre of Excellence at the University of Lagos, a world-class learning and research hub in a critical sector of the economy. Gladys Afam-Anadu,
- [FG Borrows N100bn From Dormant Accounts Unclaimed Dividends](https://www.thevaluechainng.com/fg-borrows-n100bn-from-dormant-accounts-unclaimed-dividends/): ... As Debt Pressure Mounts Fresh records from Nigeria’s Debt Management Office (DMO) have shown that the Federal Government has raised N100 billion through the Unclaimed Funds Trust Fund (UFTF), drawing on dormant bank balances and unclaimed dividends as part of its domestic borrowing programme. The DMO, in its latest domestic debt stock report, listed
- [FG denies hidden spending, revenue diversion](https://www.thevaluechainng.com/fg-denies-hidden-spending-revenue-diversion/): The Federal Government has dismissed reports alleging hidden spending and diversion of federation revenue, describing them as a misrepresentation of findings by the World Bank. A statement by the Minister of State for Finance, Taiwo Oyedele, said the interpretation circulating in some media platforms wrongly characterised statutory fiscal processes as leakages. “The attention of the
- [We Spent Billions Of Dollar On 4 Refinery None Is Producing And Tinubu Didn't See Wrong In That — Yabagi](https://www.thevaluechainng.com/we-spent-billions-of-dollar-on-4-refinery-none-is-producing-and-tinubu-didnt-see-wrong-in-that-yabagi/): The presidential candidate of the Action Democratic Party (ADP) in the 2023 general elections, Sani Yusuf Yabagi, has criticised the state of Nigeria’s oil refining sector, describing it as a costly failure despite years of heavy investment. Yabagi made the remarks in an interview with The Sun on Sunday, April 19, 2026, where he assessed
- [Dangote Sugar Shareholders Approve ₦500 Billion Rights Issue at 20th AGM](https://www.thevaluechainng.com/dangote-sugar-shareholders-approve-₦500-billion-rights-issue-at-20th-agm/): Shareholders of Dangote Sugar Refinery Plc have approved a plan to raise up to ₦500 billion through a rights issue, alongside key board and governance resolutions, at the company’s 20th Annual General Meeting held in Lagos. The meeting, which took place on April 15, 2026, saw members endorse the company’s audited financial statements for the
- [Oil Prices Surge Again Amid Escalation As Brent Trades Near $96 Per Barrel](https://www.thevaluechainng.com/oil-prices-surge-again-amid-escalation-as-brent-trades-near-96-per-barrel/): Global oil prices climbed sharply on Monday as renewed geopolitical tensions between the United States and Iran intensified supply concerns, pushing Brent crude oil close to $96 per barrel amid rising uncertainty over the stability of the Middle East energy corridor. Market data shows Brent crude futures gained between 5 percent and 7 percent in
- [She-Fix 2.0: NNPC Retail Champions Inclusion, Impact, Opportunities for Women](https://www.thevaluechainng.com/she-fix-2-0-nnpc-retail-champions-inclusion-impact-opportunities-for-women/): In its bid to advance inclusion, celebrate female excellence, and strengthen women's participation across technical and professional sectors, the NNPC Retail Limited (NNPC Retail), a subsidiary of the NNPC Ltd., hosted the second edition of She-Fix 2.0, its flagship, women-focused initiative, in Abuja, on Saturday. Andy Odeh, Chief Corporate Communications Officer, NNPC said in a
- [CBN Launches New Benchmark Rate To Strengthen Nigeria’s Money Market](https://www.thevaluechainng.com/cbn-launches-new-benchmark-rate-to-strengthen-nigerias-money-market/): ...The CBN disclosed that the development of the benchmark followed a stakeholder engagement session held in February 2026 The Central Bank of Nigeria (CBN) has announced the introduction of the Nigerian Overnight Financing Rate (NOFR). This new rate, in partnership with the Financial Markets Dealers Association (FMDA), will act as a new benchmark designed to improve transparency
- [NMDPRA assures 74day aviation fuel sufficiency for airlines](https://www.thevaluechainng.com/nmdpra-assures-74day-aviation-fuel-sufficiency-for-airlines/): The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has assured the public of adequate aviation fuel supply across the country, dismissing reports of scarcity and inflated prices of Jet A1. The regulator said current stock levels remain sufficient to meet national demand, adding that there is no cause for concern over availability. In a
- [Tinubu assents to 2026 appropriation bill, 2025 budget extension](https://www.thevaluechainng.com/tinubu-assents-to-2026-appropriation-bill-2025-budget-extension/): President Bola Ahmed Tinubu has assented to the 2026 Appropriation Bill, which provides for an aggregate expenditure of N68.32 trillion. The President also signed the bill extending the implementation period for the 2025 budget from March 31, 2026, to June 30, 2026. This is contained in a statement by his Senior Special Assistant on Information
- [Kaduna Is Investment-Friendly – Uba Sani Tells DPAN](https://www.thevaluechainng.com/kaduna-is-investment-friendly-uba-sani-tells-dpan/): Governor Uba Sani has promised to support the Dangote Peugeot Automobiles Nigeria Limited (DPAN) because Kaduna State is the second subnational in the Ease of Doing Business ranking in Nigeria. The Governor who made this commitment when the management of DPAN paid him a courtesy call, also pledged his administration’s support for the company because
- [Nigeria Retains ‘B’ Rating as Fitch Foresees Naira Depreciation](https://www.thevaluechainng.com/nigeria-retains-b-rating-as-fitch-foresees-naira-depreciation/): Credit rating agency, Fitch, has affirmed Nigeria’s Long-Term Foreign Currency Issuer Default Rating at ‘B’ with a stable outlook, while projecting depreciation for the Naira in the near term. The decision underscores the country’s large economy, relatively developed and liquid domestic debt market, substantial oil and gas reserves, and ongoing improvements in monetary and exchange-rate
- [Oando Broadens Energy Portfolio, Joins African Energy Week 2026](https://www.thevaluechainng.com/oando-broadens-energy-portfolio-joins-african-energy-week-2026/): Oando Energy has joined African Energy Week (AEW) 2026 as an Emerald Sponsor with compelling financial momentum after reporting a 10 per cent year‑on‑year rise in profit after tax to ₦241.3 billion in profit for the full year 2025. Driven by stronger upstream performance, expanded crude and gas liftings and increased gas sales volumes, this performance
- [NCDMB, Seplat Firm up Plans for Take-off of Centre of Excellence at DELSU](https://www.thevaluechainng.com/ncdmb-seplat-firm-up-plans-for-take-off-of-centre-of-excellence-at-delsu/): Key Management staff of the Nigerian Content Development and Monitoring Board (NCDMB) and Seplat Energy Plc met with principal officers of the Delta State University (DELSU), at Abraka, Delta State, on Monday to deliberate on critical processes toward the take-off of a Centre of Excellence in Gas Development, approved for the institution by the Board
- [When Buhari came, our borrowing was N13tn, when he left, it was N87trn, Now we are hitting N200trn — Obi](https://www.thevaluechainng.com/when-buhari-came-our-borrowing-was-n13tn-when-he-left-it-was-n87trn-now-we-are-hitting-n200trn-obi/): Peter Obi, a member of the African Democratic Congress ADC and former presidential candidate for the Labour Party LP in the 2023 election, has given his take on the hardships in the Nigerian economy. Several Nigerians have taken to the streets to express their grievances regarding the hike in the prices of commodities and the
- [Nigeria’s oil recovery falls short of 1.5mbpd target](https://www.thevaluechainng.com/nigerias-oil-recovery-falls-short-of-1-5mbpd-target/): Nigeria recorded a rebound in crude oil production in March, but continued to fall short of its 1.5 million bpd output target. Latest data from the Organization of the Petroleum Exporting Countries (OPEC) shows that Nigeria’s crude production rose to 1.38 million barrels per day (bpd) in March 2026, up from 1.31 million bpd in
- [Nigeria’s electricity output increases to 4,300MW amid higher gas supply – FG](https://www.thevaluechainng.com/nigerias-electricity-output-increases-to-4300mw-amid-higher-gas-supply-fg/): The Federal Government has announced that electricity generation increased from 3,951 megawatts (MW) to 4,300MW between March 28 and April 10, driven by improved gas supply to power plants. This was disclosed by Mr Bolaji Tunji, Special Adviser to the Minister of Power on Strategic Communications and Media Relations, in a statement issued in Abuja on Sunday. He noted
- [Fuel Prices Up By 50%, Diesel 70% as Global Oil Shock Hits Nigerian Economy](https://www.thevaluechainng.com/fuel-prices-up-by-50-diesel-70-as-global-oil-shock-hits-nigerian-economy/): Nigeria’s domestic fuel market has come under renewed pressure following the escalation in global oil prices with petrol and diesel costs recording sharp increases that are already impacting households and businesses across the country. According to official data presented ahead of the IMF/World Bank Spring Meetings in Washington, petrol prices have risen by more than
- [FG Grants Import Duty Waivers On Mass Transit Buses, EVs, Others](https://www.thevaluechainng.com/fg-grants-import-duty-waivers-on-mass-transit-buses-evs-others/): *The development followed President Bola Ahmed Tinubu’s directive to key economic officials to design measures to cushion the impact of the ongoing Middle East crisis on Nigerians, particularly amid rising fuel prices The Federal Government has granted a waiver on import duties for mass transit buses, electric vehicles, and manufacturing machinery. The development followed President
- [Tinubu Urged To Unlock World Bank Grants As Nigerians Groan Under Delays](https://www.thevaluechainng.com/tinubu-urged-to-unlock-world-bank-grants-as-nigerians-groan-under-delays/): The Founder and President-General of a prominent non- governmental advocacy group, the Grant Community Discipleship Movement (GCDM), Rev.(Dr.) Moses Chooji, has made a passionate appeal to President Bola Ahmed Tinubu, Dr. Ngozi Okonjo-Iweala GCON the Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, former president of Nigeria, Chief Olusegun Obasanjo, Nigerians in the
- [FG cuts import tariffs on rice, cars, drugs: What Nigerians must know about the new 2026 fiscal policy changes](https://www.thevaluechainng.com/fg-cuts-import-tariffs-on-rice-cars-drugs-what-nigerians-must-know-about-the-new-2026-fiscal-policy-changes/): Nigeria’s Federal Government has introduced sweeping changes to its import tariff structure, reducing duties on critical goods such as rice, vehicles, pharmaceuticals, and industrial inputs as part of the 2026 Fiscal Policy Measures (FPM). The policy, approved and signed by Wale Edun, aims to stimulate economic growth, ease import costs, and support key sectors while
- [NNPC revenue up by 4.24% to hit N2.680tn in February](https://www.thevaluechainng.com/nnpc-revenue-up-by-4-24-to-hit-n2-680tn-in-february/): The Nigerian National Petroleum Company (NNPC) Limited at the weekend announced that its revenue soared by 4.24 per cent in February 2026 to N2.68 trillion from the N2.57 trillion recorded in January. This was contained in the NNPCL monthly report for February 2026 that was posted on the state-owned oil company X’s handle. The report
- [World Bank withdraws Nigeria development report following controversial ‘fuel import’ stance](https://www.thevaluechainng.com/world-bank-withdraws-nigeria-development-report-following-controversial-fuel-import-stance/): The World Bank has withdrawn the latest Nigeria Development Update (NDU) from its website, pulling the document just days after its April 7, 2026, publication. The publication, titled “Nigeria’s Tomorrow Must Start Today: The Case for Early Childhood Development,” became inaccessible on April 10, 2026, following a wave of public scrutiny over the institution’s advisory
- [More Revenue For Nigeria As Japan Books Crude Amid Mideast War](https://www.thevaluechainng.com/75060-2/): The country is also bringing substitute oil supply from the U.S., its closest ally, ​a document released by METI showed ⁠on Friday Nigeria’s revenue is about to receive a boost as Japan has contacted crude oil suppliers in countries across the world, including Nigeria, to ensure a stable domestic supply while searching for non-Middle East
- [I Promise Nigerians That We Will Provide Electricity To Support Our Country’s Development – Tinubu](https://www.thevaluechainng.com/i-promise-nigerians-that-we-will-provide-electricity-to-support-our-countrys-development-tinubu/): According to a report by Daily Post on Saturday, April 11, 2026, President Bola Ahmed Tinubu has restated his administration’s commitment to addressing some of the country’s most pressing challenges, including economic hardship, power shortages, and security concerns. The President made this known during a visit to Bayelsa State, where he spoke in Yenagoa about
- [Oil production drops as NNPC generates N2.68trn in January](https://www.thevaluechainng.com/oil-production-drops-as-nnpc-generates-n2-68trn-in-january/): The Nigerian National Petroleum Company (NNPC) Limited has announced a slight drop in oil production in February 2026. In its monthly report, the oil firm said production dropped to 1.51 million barrels per day from the 1.64 million barrels recorded in January. It, however, said the drop in production was due to “the combined effect
- [NNPC Remits ₦1.8trn To FG, Revenue Hits ₦2.68tn](https://www.thevaluechainng.com/nnpc-remits-₦1-8trn-to-fg-revenue-hits-₦2-68tn/): These operational improvements are expected to support sustained revenue generation in the coming months The Nigerian National Petroleum Company Limited (NNPC) said it remitted a total of N1.804 trillion to the Federation Account in February 2026. This is according to its latest Monthly Report Summary, February 2026. The figure represents a sharp increase from the N726 billion
- [Fuel Import Recommendation: World Bank backtracks, Removes Nigeria Dev. Update Report from Website](https://www.thevaluechainng.com/fuel-import-recommendation-world-bank-backtracks-removes-nigeria-dev-update-report-from-website/): The World Bank has removed its most recent Nigeria Development Update (NDU) report from its official website. The withdrawal occurred three days after the global financial institution initially published the report on April 7, leading to public speculation and increased interest in its content. Included in the report is a recommendation to government to allow
- [Blackout persists as Adelabu’s 6,000MW target misses three deadlines](https://www.thevaluechainng.com/blackout-persists-as-adelabus-6000mw-target-misses-three-deadlines/): When Adebayo Adelabu took office as Nigeria’s Minister of Power in August 2023, he promised that the country would reach 6,000 megawatts of electricity generation by the end of that year. He stated that the lights would come on. Nigerians, used to broken promises from a sector that has disappointed every administration for decades, waited.
- [Reforms attract over $10bn upstream investment windfall – NUPRC boss](https://www.thevaluechainng.com/reforms-attract-over-10bn-upstream-investment-windfall-nuprc-boss/): The implementation of the Petroleum Industry Act (PIA) and a revamped regulatory framework is reshaping Nigeria’s upstream landscape, successfully attracting $10bn in new investment. Nigerian Upstream Petroleum Regulatory Commission (NUPRC) commission chief executive Oritsemeyiwa Eyesan announced the milestone at the 2026 Society of Petroleum Engineers (SPE) Oloibiri Lecture Series and Energy Forum in Abuja on
- [Electricity: FG sets up committee to tackle gas to power challenge](https://www.thevaluechainng.com/electricity-fg-sets-up-committee-to-tackle-gas-to-power-challenge/): The Federal Government has inaugurated a Gas-to-Power Monitoring Committee to address persistent gas supply challenges affecting electricity generation in the country. Speaking at the inauguration in Abuja, the Minister of Power, Chief Adebayo Adelabu, described the initiative as a decisive step towards resolving one of the most critical constraints in the Nigerian Electricity Supply Industry
- [Nigerian Workers Are Already Passing Through Excruciating Pain – Festus Osifo](https://www.thevaluechainng.com/nigerian-workers-are-already-passing-through-excruciating-pain-festus-osifo/): According to a report by Vanguard on Thursday, April 9, 2026, the Trade Union Congress of Nigeria has raised concerns over a possible sharp increase in the price of Premium Motor Spirit across the country, warning that it could rise to about N2,000 per litre if urgent economic measures are not introduced. The union attributed
- [NASS Petroleum committees dismiss petitions, back pipeline surveillance contract](https://www.thevaluechainng.com/nass-petroleum-committees-dismiss-petitions-back-pipeline-surveillance-contract/): …Pass vote of confidence on Tantita, security agencies, NNPC The joint committees on Petroleum Resources of the National Assembly have dismissed three petitions challenging the pipeline surveillance contract, while passing a vote of confidence on Tantita Security Services, security agencies, and the Nigerian National Petroleum Company Limited (NNPC) for improving oil production and safeguarding critical
- [Mounting debt tests Nigeria’s resilience as N200trn mark nears](https://www.thevaluechainng.com/mounting-debt-tests-nigerias-resilience-as-n200trn-mark-nears/): New $Mounting debt tests Nigeria’s resilience as N200trn mark nears debt pushes liabilities above N155trn More debts, no solution to challenges Worry over debt usage and transparency Debt servicing costs a noose A dangerous fiscal convergence is taking shape as rising debt, expanding deficits, and unresolved insecurity combine to test economic resilience in Nigeria, Africa’s
- [World Bank to FG:    Use Oil Windfall On Vulnerable Households, Not Subsidies](https://www.thevaluechainng.com/world-bank-to-fg-use-oil-windfall-on-vulnerable-households-not-subsidies/): The World Bank has advised the federal government against treating rising oil revenues as a basis for increased spending or funding subsidies. While higher global oil prices are expected to boost government revenues in the short term, the World Bank warned that such gains should be treated as temporary. However, World Bank said from the
- [Saudi Arabia’s oil pipeline bypassing Hormuz damaged in Iranian attack: Report](https://www.thevaluechainng.com/saudi-arabias-oil-pipeline-bypassing-hormuz-damaged-in-iranian-attack-report/): The pipeline was diverting around 7 million barrels per day from the kingdom's oil heartland ​in the ​east to the Red Sea ⁠port of Yanbu after Iran effectively shuttered the Strait ‌of Hormuz Saudi Arabia’s crucial East-West oil pipeline, currently its only outlet for crude exports, was hit in an Iranian attack and other facilities
- [NNPC Ltd Launches Cawthorne Crude onto Global Market](https://www.thevaluechainng.com/nnpc-ltd-launches-cawthorne-crude-onto-global-market/): …Exports First Cargo to Netherlands, Reinforcing Production Growth, Export Diversification Strategy By Saidu Abubakar The Nigerian National Petroleum Company (NNPC) Limited, has commenced export of its new crude grade – Cawthorne, marking a significant milestone in the Company’s drive to increase Nigeria’s crude oil production and expand its portfolio of globally competitive export streams. Thus
- [10 Footballers from 2006 World Cup Likely To, Yet, Feature in 2026](https://www.thevaluechainng.com/10-footballers-from-2006-world-cup-likely-to-yet-feature-in-2026/): The 2026 FIFA World Cup is fast approaching, with less than three months to go until it kicks off. It will be the first World Cup for rising stars such as Lamine Yamal, Estevão, and João Neves. However, it is also likely to feature figures who are already World Cup legends, Lionel Messi and Cristiano
- [NAMA Deploys Mobile Tower, Signaling a New Era in Nigerian Aviation Safety](https://www.thevaluechainng.com/nama-deploys-mobile-tower-signaling-a-new-era-in-nigerian-aviation-safety/): By Anscella Obike The Nigerian Airspace Management Agency's (NAMA) deployment of a mobile control tower at Murtala Muhammed International Airport following a fire that crippled the old terminal in February 2026 signifies a shift towards resilience and operational continuity in Nigeria’s aviation sector. This incident exposed the vulnerability of relying on centralised infrastructure without adequate
- [Nigeria’s $2.6 Billion Mining Moment: Why investors are returning and what must happen to sustain the momentum](https://www.thevaluechainng.com/nigerias-2-6-billion-mining-moment-why-investors-are-returning-and-what-must-happen-to-sustain-the-momentum/): By Anscella Obike Nigeria’s mining sector, long overshadowed by oil and gas, is beginning to re-emerge as a strategic pillar of the country’s economic diversification agenda. The attraction of over $2.6 billion in foreign investment within just two years signals more than a cyclical uptick; it reflects the early impact of deliberate reforms aimed at
- [The Ownership Gap: Can Reform Fix Nigeria’s Housing Crisis?](https://www.thevaluechainng.com/the-ownership-gap-can-reform-fix-nigerias-housing-crisis/): By Adaobi Rhema Oguejiofor For so many Nigerians, the dream of owning a home often feels just out of reach. It seems like a dream held back not only by rising construction costs or limited financing but also by land that exists but cannot be used. Across the country, vast parcels of land lie idle,
- [NCDMB to feature ex-NIMASA DG, Dakuku Peterside in Book Reading Session](https://www.thevaluechainng.com/ncdmb-to-feature-ex-nimasa-dg-dakuku-peterside-in-book-reading-session/): The Nigerian Content Development and Monitoring Board (NCDMB) has concluded plans to host the fourth edition of its Quarterly Book. Reading Programme, featuring renown leadership expert and former Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside. The book reading session will hold on Wednesday, April 15, 2026, at the Nigerian Content Tower, Yenagoa, Bayelsa State, Obinna Ezeobi, PhD, GM Corporate Communications said in a statement.
- [1% on 5G: Why Africa Can’t Rush the Next Telecom Revolution](https://www.thevaluechainng.com/1-on-5g-why-africa-cant-rush-the-next-telecom-revolution/): By Adaobi Rhema Oguejiofor Across Europe, Asia, and North America, telecom operators are decommissioning older mobile networks like 2G and 3G to free up spectrum for faster technologies. While many advanced markets have already made this transition, Africa faces a unique challenge. These older networks still underpin a significant portion of the continent's connectivity, with
- [Power for Few, Darkness for Many: Nigeria’s Electricity Crisis and the Aso Rock Disconnect](https://www.thevaluechainng.com/power-for-few-darkness-for-many-nigerias-electricity-crisis-and-the-aso-rock-disconnect/): By William Emmanuel Ukpoju In a country where access to stable electricity remains one of the most critical determinants of economic growth and quality of life, Nigeria’s power sector continues to struggle under the weight of broken promises, structural inefficiencies, and policy contradictions. For decades, Nigerians have endured unreliable electricity supply, an issue that transcends
- [Nigeria’s Maritime Strategy: The Importance of Private–Military Collaboration](https://www.thevaluechainng.com/nigerias-maritime-strategy-the-importance-of-private-military-collaboration/): By Anscella Obike The recent collaboration between Taiwo Afolabi’s SIFAX Group and the Nigerian Navy is more than a routine corporate–military engagement; it represents a structural shift in how Nigeria approaches trade security, economic stability, and the development of its maritime economy. At its core, the partnership focuses on securing Nigeria’s critical maritime corridors, especially
- [Omoni Oboli and the Business of Reinvention in Nollywood ](https://www.thevaluechainng.com/omoni-oboli-and-the-business-of-reinvention-in-nollywood/): By Anscella Obike In an industry often defined by unpredictability and fierce competition, Omoni Oboli stands out as a compelling example of how passion, discipline, and decisive action can shape enduring success. Her journey through Nollywood is not just a story of personal triumph, but a reflection of how evolving strategies and creative resilience are
- [Made in Nigeria Mobility: The Rise of Homegrown Vehicle Assembly ](https://www.thevaluechainng.com/made-in-nigeria-mobility-the-rise-of-homegrown-vehicle-assembly/): By Adaobi Rhema Oguejiofor Faced with declining passenger traffic, Nigeria's transport giants are strategically shifting from vehicle operation to local manufacturing. Industry veterans, including Frank Nneji (ABC Transport), Chidi Anyaegbu (Chisco Transport), Chidi Ajaere (God is Good Motors), and Godwin Ubaka Okeke (GUO Transport, which acquired ANAMMCO), are leveraging their expertise to assemble vehicles tailored
- [Carry The World Home: Why Souvenirs Matter More Than We Think](https://www.thevaluechainng.com/carry-the-world-home-why-souvenirs-matter-more-than-we-think/): By Anastasia Adaeze I have a quiet ritual: by the end of every year, I visit somewhere new. It is intentional. I once read that if we do not plan to enjoy life, we risk living within the limits of our immediate surroundings, never grasping how expansive the world truly is. For me, the motivation is
- [$200,000 Lost Per Doctor: The High Cost of Nigeria’s Japa Wave](https://www.thevaluechainng.com/200000-lost-per-doctor-the-high-cost-of-nigerias-japa-wave/): By Adaobi Rhema Oguejiofor Nigeria’s healthcare system is under serious strain and at the heart of this crisis is the steady loss of its most vital resource: its people. The continuous migration of doctors, nurses, and other health professionals, widely referred to as "japa,"is no longer a passing trend. It has become a big challenge
- [When the Middle East Sneezes, Nigeria Catches a Cold: Can Domestic Refining Break the Cycle?](https://www.thevaluechainng.com/when-the-middle-east-sneezes-nigeria-catches-a-cold-can-domestic-refining-break-the-cycle/): By Kunle Odusola-Stevenson Geopolitical tensions in the Middle East are once again exposing a hard truth about global energy markets: supply disruptions, whether real or anticipated, travel fast, and their consequences travel even faster. Shipping routes tighten, insurance premiums spike, and crude benchmarks react sharply to instability around strategic chokepoints like the Strait of Hormuz
- [Green Shields Against the Dust: Nigeria’s Bold Stand in the Savanna Grasslands](https://www.thevaluechainng.com/green-shields-against-the-dust-nigerias-bold-stand-in-the-savanna-grasslands/): The air in northern Nigeria has long carried a bitter, sandy grit, a persistent reminder that the Sahara is no longer a distant neighbour but an encroaching squatter. For decades, the invisible line between the lush savannah and the arid desert has shifted southward, swallowing arable land, displacing communities, and fuelling resource-based conflicts. However, a
- [Capital Goes Where Value Is Clear: Bayo Ojulari’s Bold One-Year Transformation of NNPC](https://www.thevaluechainng.com/capital-goes-where-value-is-clear-bayo-ojularis-bold-one-year-transformation-of-nnpc/): By Kunle Odusola-Stevenson One year after his appointment on April 2, 2025, Bashir Bayo Ojulari has recast the trajectory of NNPC Limited with a blend of commercial discipline, institutional integrity, and global strategic clarity. At a time when energy markets are being reshaped by capital selectivity, transition imperatives, and geopolitical uncertainty, his leadership has restored
- [Producing Crude Does Not Guarantee Cheap Fuel: Rethinking Nigeria’s Energy Reform Path](https://www.thevaluechainng.com/producing-crude-does-not-guarantee-cheap-fuel-rethinking-nigerias-energy-reform-path/): PEWI's Insights on NOGEP Issues Preamble Recent increases in petrol (PMS) prices in Nigeria, amid rising global crude oil benchmarks and heightened geopolitical tensions in the Middle East, have once again ignited public debate over energy sovereignty, deregulation, and the expected benefits of domestic refining. Many Nigerians hold the widespread belief that, as a crude-oil-producing
- [PHOTOSPEAK: The Wedding Of Ahmad Rufa'i Farouk & Fatima Tayseer Muzammil Hanga](https://www.thevaluechainng.com/photospeak-the-wedding-of-ahmad-rufai-farouk-fatima-tayseer-muzammil-hanga/): The ancient city of Kano was a cynosure of all eyes with the gathering of dignitaries and other well wishers from all walks of life. The occasion was the wedding fatiha of the son of the immediate past Secretary General of the African Petroleum Producers Organisation (APPO), Dr. Omar Farouk Ibrahim in person of Ahmad
- ["We Cannot have 40 billion Barrels and still Import Crude; It makes no Sense" —  Engr. Wole Ogunsanya](https://www.thevaluechainng.com/we-cannot-have-40-billion-barrels-and-still-import-crude-it-makes-no-sense-engr-wole-ogunsanya/): At a time when Nigeria is redefining its energy future amid shifting global dynamics, the role of indigenous capacity has never been more critical. From upstream exploration to downstream distribution, the push to retain value within the country is shaping policy, investment, and industry conversations. At the forefront of this transformation is the Petroleum Technology
- [Strait of Hormuz: Global Tensions, Rising Prices — and Nigeria’s Missed Opportunity](https://www.thevaluechainng.com/strait-of-hormuz-global-tensions-rising-prices-and-nigerias-missed-opportunity/): For decades, Nigeria has stood as one of the world’s most resource-rich oil producers, yet its economic story has remained curiously incomplete. While crude oil has powered government revenues and positioned the country as a major player in global energy markets, the deeper promise of that resource, industrialisation, manufacturing growth, and value-added production has largely
- [THE LAND BANKING RACE: Who Is Buying Nigeria’s Farmland?](https://www.thevaluechainng.com/the-land-banking-race-who-is-buying-nigerias-farmland/): By Ese Ufoma Nigeria has one of the largest expanses of agricultural land in Africa, but until recently, much of that potential has remained undocumented or informally held. In 2026, as investors search for safer assets and policymakers push to boost food production, farmland is increasingly being bought, titled and packaged as a financial and
- [The Quiet Power Shift: Indigenous Operators Step Into the Space Left by IOCs](https://www.thevaluechainng.com/the-quiet-power-shift-indigenous-operators-step-into-the-space-left-by-iocs/): As international oil companies divest from onshore and shallow water assets, Nigerian indigenous firms are expanding their footprint, raising critical questions about capacity, financing, and long-term sustainability By Ese Ufuoma A quiet restructuring is taking place in the oil industry, and it is altering a long-established order in ways that are only beginning to be fully
- [From £504 Million to £1.7 Billion](https://www.thevaluechainng.com/from-504-million-to-1-7-billion/): How the Nigeria Customs Service and His Majesty’s Revenue and Customs are using data, technology, and cooperation to fix Nigeria–UK trade asymmetry By Silverline Ifeanyi Onyeabor In an era where global trade is increasingly shaped by data, speed, and trust, customs administrations are no longer just gatekeepers at national borders; they are architects of economic
- [The $115 Billion Gas Play: AEC Charts Africa’s Energy Future](https://www.thevaluechainng.com/the-115-billion-gas-play-aec-charts-africas-energy-future/): How the continent’s next investment wave is being shaped in Paris By Silverline Ifeanyi Onyeabor From the ongoing aftershocks of the Russia-Ukraine crisis to renewed instability in the Middle East, energy security has once again become a top priority on the global agenda with clear urgency. For Europe in particular, the pursuit of stable, diversified,
- [Renaissance MD, Attah to Speak at Nigerian Content Lecture Series](https://www.thevaluechainng.com/renaissance-md-attah-to-speak-at-nigerian-content-lecture-series/): The Nigerian Content Development and Monitoring Board (NCDMB) has announced that Engr. Tony Attah, Managing Director of Renaissance Africa Energy Company Limited will speak at the next edition of the Nigerian Content Academy Lecture Series. The lecture will hold virtually on Thursday, April 9, 2026, by 10am, and the renowned industry expert will speak on “Finding Funds for Effective &
- [Africa Braces for Fallout from US–Israel–Iran War](https://www.thevaluechainng.com/africa-braces-for-fallout-from-us-israel-iran-war/): As the US–Israel–Iran crisis drives crude prices higher, African economies face rising inflation and fiscal pressure; yet, as Ngozi Okonjo-Iweala notes, the continent’s 1.4 billion people could transform vulnerability into lasting market power. By William Emmanuel Ukpoju Global Crisis, Local Consequences The shock did not begin in Africa, but it is already being felt across
- [THE RESURRECTION OF OPL 245: Nigeria’s Most Controversial Oil Block Returns](https://www.thevaluechainng.com/the-resurrection-of-opl-245-nigerias-most-controversial-oil-block-returns/): By Ese Ufuoma OPL 245, Oil Prospecting Licence 245, is one of Nigeria’s most valuable offshore oil assets, estimated to hold billions of barrels of crude beneath deep Atlantic waters. But its significance goes far beyond its reserves. Since its award in 1998, the block has been at the centre of one of the most
- [$10 Billion, 6 Months, One Taskforce: Nigeria’s Oil Reform Moment](https://www.thevaluechainng.com/10-billion-6-months-one-taskforce-nigerias-oil-reform-moment/): By William Emmanuel Ukpoju In a world of evolving energy priorities and tightening investment flows, Nigeria faces a vital question: how to maximise value from its hydrocarbon resources while preparing for a changing future. The answer may lie in a newly established presidential task force charged with delivering a comprehensive blueprint for reform, investment, and
- [THE FUEL PRICE SHOCK: How Dangote Refinery is Restructuring Nigeria’s Petrol Market](https://www.thevaluechainng.com/the-fuel-price-shock-how-dangote-refinery-is-restructuring-nigerias-petrol-market/): By Ese Ufuoma Nigeria’s petrol market is undergoing its most significant transformation in decades, and the effects are already visible in the price Nigerians pay at the pump. With petrol prices now consistently above N1,000 per litre, the combined impact of subsidy removal, global crude oil volatility, and the growing dominance of the Dangote Refinery
- [How Abuja Drew Africa's Gas Leaders: The Decade of Gas and World Bank Set the Stage for a Continent-Wide Energy Shift](https://www.thevaluechainng.com/how-abuja-drew-africas-gas-leaders-the-decade-of-gas-and-world-bank-set-the-stage-for-a-continent-wide-energy-shift/): On 30 and 31 March 2026, Abuja became the focal point of a defining conversation for Africa's energy future. Co-hosted by Nigeria's Decade of Gas programme and the World Bank, the Ministerial Roundtable and Workshop on Cooperation in Advancing Gas Development with Regional Impact Across Africa brought together government ministers, institutional leaders, and industry stakeholders
- [Prof. Iledare  Commends Tinubu on PDTF TCN Appointments](https://www.thevaluechainng.com/prof-iledare-commends-tinubu-on-pdtf-tcn-appointments/): By Saidu Abubakar The recent appointment of Professor Shu’aibu Shehu Aliyu as Executive Secretary of the Petroleum Technology Development Fund (PTDF), alongside the renewal of Engr. Sule Ahmed Abdulaziz as Managing Director/CEO of the Transmission Company of Nigeria (TCN), reflects a calibrated mix of reform intent and institutional continuity in Nigeria’s energy governance. Prof. Iledare,
- [Tinubu Appoints New PTDF Executive Secretary, Renews Tenure Of TCN MD/CEO](https://www.thevaluechainng.com/tinubu-appoints-new-ptdf-executive-secretary-renews-tenure-of-tcn-md-ceo/): President Bola Ahmed Tinubu, GCFR, has appointed Professor Shu’aibu Shehu Aliyu as the Executive Secretary of the Petroleum Technology Development Fund (PTDF). He replaces Ahmed Galadima Aminu, who recently resigned to participate in the 2027 governorship election in Adamawa State. Thus was contained in a statement today, by Bayo Onanuga, who is the Special Adviser
- [NCDMB leads NCCF overhaul, sets path for high-impact delivery](https://www.thevaluechainng.com/ncdmb-leads-nccf-overhaul-sets-path-for-high-impact-delivery/): The Nigerian Content Development and Monitoring Board (NCDMB) has commenced a strategic reset of the Nigerian Content Consultative Forum (NCCF), a key platform for facilitating information sharing and collaboration among key industry stakeholders and proposing interventions and policy changes. The goal of the reset is to deliver high-impact Nigerian content outcomes. Obinna Ezeobi, PhD, who
- [NCDMB Lauds ESSO On $23m New Logistics Base At LADOL](https://www.thevaluechainng.com/ncdmb-lauds-esso-on-23m-new-logistics-base-at-ladol/): The Nigerian Content Development and Monitoring Board (NCDMB) has applauded ESSO Nigeria on the groundbreaking of its permanent shorebase facility at the LADOL Deep Offshore Logistics Base, describing the project as a major demonstration that Nigeria has become a prime hub for global oil and gas logistics. Obinna Ezeobi, PhD, GM Corporate Communications Division of
- [Why Foreign Reserves Can’t Secure Nigeria’s Economy](https://www.thevaluechainng.com/why-foreign-reserves-cant-secure-nigerias-economy/): Nigeria’s foreign reserves have climbed to approximately $46–47 billion, but relying on reserve accumulation alone cannot drive the economic development Nigeria desperately needs. While the headline figure suggests progress, economists and policy analysts caution that associating financial stabilisation with economic transformation remains one of Nigeria’s most enduring blind spots. What Do Nigeria’s Foreign Reserves Actually
- [“Tinubu, bring back fuel subsidy” — Man cries out after buying N100k petrol](https://www.thevaluechainng.com/tinubu-bring-back-fuel-subsidy-man-cries-out-after-buying-n100k-petrol/): A Nigerian man has sparked reactions online after a video of him lamenting the rising cost of fuel went viral on X, formerly known as Twitter. In the emotional clip, the man complained bitterly about how ₦100,000 worth of fuel could no longer fill his car tank, as he called on President Bola Ahmed Tinubu
- [NUPRC, SeaSeis Seal Landmark PEL5 Agreement](https://www.thevaluechainng.com/nuprc-seaseis-seal-landmark-pel5-agreement/): By Danlami Nasir Isah The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has signed a Petroleum Exploration Licence (PEL) No. 5 agreement with SeaSeisGeophysical Limited (SeaSeis), authorising the company, in partnership with the Commission and TGS, to undertake the acquisition and processing of new 3D seismic and gravity data. The three-year agreement also empowers the partnership
- [Power supply to rebound soon as gas pressure restores — Olowoniyi](https://www.thevaluechainng.com/power-supply-to-rebound-soon-as-gas-pressure-restores-olowoniyi/): Nigeria’s power supply is expected to improve in the coming weeks as gas pressure is restored to key infrastructure supporting electricity generation, according to industry officials. Speaking on the development, Adebayo Olowoniyi said ongoing maintenance on a major gas pipeline had significantly impacted supply to power plants, leading to reduced generation nationwide. He explained that
- [$20bn Bonga Southwest Deal Signals New Era Of Targeted Incentives – Ojulari](https://www.thevaluechainng.com/20bn-bonga-southwest-deal-signals-new-era-of-targeted-incentives-ojulari/): The Group Chief Executive Officer of NNPC Limited, Mr. Bayo Ojulari, has said Nigeria’s $20 billion Bonga Southwest Aparo deepwater project marks a decisive shift in the country’s strategy to attract large-scale energy investments through targeted, project-specific incentives. The Bonga Southwest Aparo project is operated by Shell Nigeria Exploration and Production Company, a subsidiary of
- [Africa: Why Africa Remains Dependent On Hydrocarbons - NNPC](https://www.thevaluechainng.com/africa-why-africa-remains-dependent-on-hydrocarbons-nnpc/): The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, has stated that Africa remains dependent on hydrocarbons for revenue and foreign exchange, making sustained upstream production non-negotiable. Speaking during the CERAWeek 2026 in Houston, Texas, Ojulari explained that with over 600 trillion cubic feet of proven reserves, gas represents not merely a
- [That’s 130 Years – Dino Melaye Blasts Govt Over Poor Electricity](https://www.thevaluechainng.com/thats-130-years-dino-melaye-blasts-govt-over-poor-electricity/): Former Kogi West lawmaker, Senator Dino Melaye, has shared his reservations about the state of Nigeria’s electricity sector. Speaking via a statement on 𝕏, Melaye lamented that Nigeria has been producing electricity for more than a century and still has low power output. He blamed poor governance, not just technical issues, for the unstable electricity
- [Oil Sector Inefficiency Remains Nigeria’s Biggest Revenue Risk](https://www.thevaluechainng.com/oil-sector-inefficiency-remains-nigerias-biggest-revenue-risk/): Nigeria’s ability to benefit from elevated global crude prices continues to be constrained by persistent inefficiencies in its oil sector. Despite favourable oil price trends in recent weeks, the country has struggled to translate market gains into actual earnings due to production shortfalls. Output levels have remained below official targets, reflecting ongoing operational challenges across
- [NUPRC Fast-Tracks Permits Approval Timeline to Boost Oil Investments](https://www.thevaluechainng.com/nuprc-fast-tracks-permits-approval-timeline-to-boost-oil-investments/): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has taken steps to ensure that approval for permits is done within hours of application to drive investments into the country’s energy sector The upstream oil sector regulator is slashing the time it takes to approve applications to revive idle oil wells from weeks to hours as Nigeria,
- [Tax deadline 2026: What Nigerians must do before March 31 to avoid ₦100,000 fine](https://www.thevaluechainng.com/tax-deadline-2026-what-nigerians-must-do-before-march-31-to-avoid-₦100000-fine/): As the March 31 deadline for filing annual personal income tax returns approaches, tax authorities across Nigeria are urging individuals to comply to avoid penalties and enforcement actions. While state agencies like the Lagos State Internal Revenue Service have intensified awareness campaigns, the requirement to file tax returns applies nationwide, cutting across employees, business owners,
- [Oil prices tumble on hopes of Middle East peace](https://www.thevaluechainng.com/oil-prices-tumble-on-hopes-of-middle-east-peace/): Oil prices tumbled and stock markets rallied on Wednesday on reports that the United States had sent a peace plan to Iran. After nearly four weeks of conflict, investors jumped on signs that hostilities could be winding down, with the safe-haven dollar losing support. However, analysts pointed out that the arrival of more US troops
- [NMDPRA Issues Petrol Import Licences To Bridge Shortfall](https://www.thevaluechainng.com/nmdpra-issues-petrol-import-licences-to-bridge-shortfall/): The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has eased petrol import restrictions by granting a new batch of licences to local marketers. According to a report on Tuesday by S&P Global, the authority issued the licences in response to supply disruptions caused by the Middle East crisis. An official at the downstream regulator
- [Ahead Of Providus Merger: Unity Bank Surpasses N200bn  Capital Threshold](https://www.thevaluechainng.com/ahead-of-providus-merger-unity-bank-surpasses-n200bn-capital-threshold/): Unity Bank Plc has effectively crossed the ₦200 billion capital requirement set for national banking licences, following a regulator-supported financial restructuring linked to its ongoing merger with Providus Bank. The capital boost addresses market speculation suggesting the bank was yet to meet the new recapitalisation threshold. Checks indicate that Unity Bank’s position has been strengthened
- [Blackout: Nigeria Needs $100bn To Fix Electricity - FG](https://www.thevaluechainng.com/blackout-nigeria-needs-100bn-to-fix-electricity-fg/): Nigeria needs over $100 billion in public and private investments to achieve 24-hour electricity, as Power Minister Adebayo Adelabu outlines funding gaps, gas shortages, and sector reforms. The Federal Government has revealed that Nigeria needs more than $100 billion in combined public and private investment across the entire power sector to ensure a reliable 24/7
- [Blackout: Hydro Plants Not Generating Enough Power - Discos](https://www.thevaluechainng.com/blackout-hydro-plants-not-generating-enough-power-discos/): The Chief Executive Officer of the Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan, has said Nigeria’s hydro plants are not generating enough power to serve the country. The ANED CEO said this in an interview with Nairametrics on Monday. Oduntan’s comments came amid incidents of power outages rocking Nigerian communities. What the Disco chief
- [Nigeria's Crude Production Soon To Rise By 100,000 bpd - Ojulari](https://www.thevaluechainng.com/nigerias-crude-production-soon-to-rise-by-100000-bpd-ojulari/): Nigeria could raise its crude oil production by approximately 100,000 barrels per day over the next few months, the Group Chief Executive Officer of the Nigerian National Petroleum Company, Bashir Bayo Ojulari, has said, as the country seeks to capitalise on surging global oil demand driven by the Iran war. Ojulari made the disclosure in
- [Nigeria Earned $10.5 Billion From Gas Exports In 2025](https://www.thevaluechainng.com/nigeria-earned-10-5-billion-from-gas-exports-in-2025/): Nigeria recorded a 21% growth in gas exports in 2025, rising to $10.51 billion from $8.66 billion recorded in 2024. This is according to the latest Balance of Payments (BOP) report released by the Central Bank of Nigeria (CBN). The figures highlight the continued dominance of oil and gas in Nigeria’s external sector while signaling early structural shifts, as refined
- [Conduct ‘Thorough Audit’ Of Pipeline Protection Contract -  Stakeholders](https://www.thevaluechainng.com/niger-delta-stakeholders-demand-thorough-audit-of-pipeline-protection-contract/): Niger Delta stakeholders, under the aegis of Niger Delta Congress, NDC, have called for an immediate, thorough and independent forensic audit of the pipeline protection contract initiated by the Federal Government. The contract, meant to check oil theft, is being handled by Tantita Security Services Nigeria Limited, owned by ex-militant leader, Government Ekpemupolo, aka Tompolo.
- [NNPC Filling Stations Increase Fuel Prices After Dangote Refinery’s Hike](https://www.thevaluechainng.com/nnpc-filling-stations-increase-fuel-prices-after-dangote-refinerys-hike/): *Checks on Monday showed that NNPC filling stations in Abuja and environs hiked their petrol price at the weekend to N1,367 per liter, up from N1,261 The Nigerian National Petroleum Company Limited retail outlets have raised their fuel pump prices to over one dollar per liter. This is coming after Dangote Refinery’s fourth price hike
- [PwC : Global Energy Shock Threatens To Reshape Nigeria’s 2026 Economic Recovery](https://www.thevaluechainng.com/pwc-global-energy-shock-threatens-to-reshape-nigerias-2026-economic-recovery/): KEY POINTS Brent Crude reached $102.83/bbl as of March 17, 2026, while the JKM gas benchmark surged to $19.28/mmBtu due to the US-Israel-Iran conflict The shock threatens to reverse an 11-month disinflation trend that saw Nigeria’s inflation drop to 15.06% in February 2026. Higher prices offer a theoretical $20.2bn annual revenue premium, but actual gains are
- [Black Market Dollar To Naira Exchange Rate Today, March 23, 2026](https://www.thevaluechainng.com/black-market-dollar-to-naira-exchange-rate-today-march-23-2026/): The Nigerian Naira maintained a steady path against the United States Dollar at the start of the new trading week, as activities in the Nigerian Foreign Exchange Market (NFEM) and the parallel market reflect the ongoing impact of recent Central Bank of Nigeria (CBN) policy shifts. Official Market Performance (NFEM) In the official window, the
- [If Brent Crude Increases To About $130, Nigeria May Buy PMS Above ₦1,500 And Diesel Above ₦2000 - Alaje](https://www.thevaluechainng.com/if-brent-crude-increases-to-about-130-nigeria-may-buy-pms-above-₦1500-and-diesel-above-₦2000-alaje/): In a recent interview shared by Arise News, Senior Partner at SPM Professionals, Paul Alaje, has warned of potential increases in fuel prices if global oil trends continue upward. Speaking on the implications of rising crude oil prices, he stated, "If Brent crude increases to about $130, Nigeria should be expected to buy PMS above
- [NCDMB Boss Confident In Radisson Hotel's World-Class Services](https://www.thevaluechainng.com/ncdmb-boss-confident-in-radisson-hotels-world-class-services/): The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has expressed confidence that the 5-Star Radisson Hotel and Conference Centre, Yenagoa, Bayelsa State, would be completed and commissioned in December 2026, just as South Africa’s Edison Corporation, incorporating Radisson Hotels Group, assured of world-class services. Addressing visiting top
- [Foreign investors retreat as Nigeria’s external accounts flip to deficit pressure in 2025](https://www.thevaluechainng.com/foreign-investors-retreat-as-nigerias-external-accounts-flip-to-deficit-pressure-in-2025/): *BoP drops to $4.23bn as FPI slumps 48% Nigeria’s external sector is showing signs of structural strain as capital flow dynamics shift, with a steep drop in foreign portfolio investment (FPI) and rising external outflows reshaping the country’s Balance of Payments position in 2025. Fresh data released by the Central Bank of Nigeria (CBN) indicates
- [Reps warn of imminent petrol scarcity, price hike](https://www.thevaluechainng.com/reps-warn-of-imminent-petrol-scarcity-price-hike/): The House of Representatives Committee on Petroleum Resources (Downstream) has raised fresh concerns over a potential return of fuel scarcity across Nigeria, warning that petrol queues and a spike in pump prices may be imminent if urgent corrective measures are not taken. Speaking at a press briefing at the National Assembly in Abuja on Thursday,
- [Oil prices surge after Israeli strike on Iran’s South Pars gasfield](https://www.thevaluechainng.com/oil-prices-surge-after-israeli-strike-on-irans-south-pars-gasfield/): *There are fears that a period of elevated oil and gas prices could trigger a damaging wave of global inflation Oil prices have risen more than 5 per cent following an Israeli strike on Iran’s South Pars gasfield as the United States-Israeli war on the country continues to escalate. Brent crude, the international standard, rose
- [Recent Fuel Price Hike and the Suffering of Nigerians](https://www.thevaluechainng.com/recent-fuel-price-hike-and-the-suffering-of-nigerians/): In most cases, the impact has been negative, as higher fuel costs disrupt the production and distribution of goods and services across the country. Nigeria is currently experiencing another surge in fuel prices, which several reports have linked to global tensions, including the ongoing conflict involving the United States and Iran. The recent increase also
- [Mozambique Oil Industry Withdraws from London Africa Energies Summit](https://www.thevaluechainng.com/mozambique-oil-industry-withdraws-from-london-africa-energies-summit/): Home to come of the continent’s largest gas discoveries, Mozambique is emerging as an increasingly more prominent voice on the global gas stage. Mozambique’s oil and gas industry has announced that it will withdraw from participating at the Africa Energies Summit - hosted by Frontier Energy Network in London this May - citing concerns over
- [Oil prices bounce back 3% as Iran war halts supply](https://www.thevaluechainng.com/oil-prices-bounce-back-3-as-iran-war-halts-supply/): Oil prices rose around 3% on Tuesday, ​clawing back some of the previous session’s losses on renewed supply fears, with the Strait ‌of Hormuz largely shut and U.S. allies rejecting calls to deploy warships to escort tankers through the key chokepoint. Brent futures jumped $3.07, or 3.1%, to $103.28 a barrel by 0734 GMT, while
- [Renaissance Africa highest gas producer in Nigeria in December – NNPC](https://www.thevaluechainng.com/renaissance-africa-highest-gas-producer-in-nigeria-in-december-nnpc/): Renaissance Africa Energy remains Nigeria’s highest gas producer, churning out 62.341 billion SCF, BSCF, of gas in one month (December 2025), according to the Nigerian National Petrleum Company, NNPC.. The company is followed by Seplat Energy Producing Nigeria Unlimited, SEPNU, with 22.665 BSCF. The NNPC said in its gas production data for December 2025, that
- [NUPRC Shortlists Firms for Nigeria’s Oil Block Licensing Auction](https://www.thevaluechainng.com/nuprc-shortlists-firms-for-nigerias-oil-block-licensing-auction/): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that it has shortlisted oil firms for Nigeria’s 2025 oil and gas licensing round after the completion of the pre-qualification process. In a Tuesday statement signed by Eniola Akinkuotu, the Head of Media and Strategic Communication, the agency disclosed that it has formally notified successful applicants.
- [Shell Restarts Bonga Field After Turnaround Maintenance](https://www.thevaluechainng.com/shell-restarts-bonga-field-after-turnaround-maintenance/): Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the turnaround maintenance on the Bonga Floating Production, Storage and Offloading (FPSO) vessel, leading to resumption of production at Nigeria’s premier deepwater field on March 6, 2026. The project was delivered 11 days ahead of schedule and without any safety incident, reinforcing SNEPCo’s longstanding commitment
- [CBN Moves to Shield Naira as War-Driven Volatility Hits Global Markets](https://www.thevaluechainng.com/cbn-moves-to-shield-naira-as-war-driven-volatility-hits-global-markets/): The Central Bank of Nigeria (CBN) has signaled its readiness to intervene in the foreign exchange market to defend the naira if global market volatility triggered by escalating geopolitical tensions begins to pressure Nigeria’s currency. The move comes as investors across global markets shift toward safe-haven assets following rising tensions linked to the conflict involving
- [NCDMB Trains Young Engineers On Pipeline Pigging, Corrosion Control](https://www.thevaluechainng.com/ncdmb-trains-young-engineers-on-pipeline-pigging-corrosion-control/): Not fewer than 33 young graduates of engineering, geology and related disciplines were on Friday in Port Harcourt, Rivers State, underwent opening formalities for a 12-month training programme in pipeline engineering, corrosion control and monitoring. Organised under the Renaissance Africa Energy Company Limited and MJD Oilfield Services Limited Nigerian Content Human Capital Development (NC HCD)
- [Another season of blackouts](https://www.thevaluechainng.com/another-season-of-blackouts/): Millions of Nigerians are once again living in darkness due to needless power outages amid hike in prices despite the crooked and unworkable band system meant to further polarise the wallowing gulf between the rich and the poor both in terms of social, economic contexts. Businesses are losing revenue, factories are laying off staff, and
- [Shell resumes production at Bonga as it completes turnaround maintenance on FPSO](https://www.thevaluechainng.com/shell-resumes-production-at-bonga-as-it-completes-turnaround-maintenance-on-fpso/): Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the turnaround maintenance on the Bonga Floating Production, Storage and Offloading (FPSO) vessel, leading to resumption of production at Nigeria’s premier deepwater field on March 6, 2026. SNEPCo's Communications Manager, Gladys Afam-Anadu said in a statement that the project was delivered 11 days ahead of schedule
- [FG’s Subsidy Removal Raised Prices, Worsened Poverty To 63%, Report Reveals](https://www.thevaluechainng.com/fgs-subsidy-removal-raised-prices-worsened-poverty-to-63-report-reveals/): …Reform Pains Persist Without Strong Social Protection …Stakeholders Urge Govt To Expand Safety Nets For Vulnerable A new study has revealed that the removal of petrol subsidy in Nigeria significantly worsened poverty levels, pushing the national poverty headcount to about 63 per cent before moderating slightly following the introduction of social protection measures. The findings
- [Oil climbs above  $100 as Iran warns Strait of Hormuz will remain shut](https://www.thevaluechainng.com/oil-climbs-above-100-as-iran-warns-strait-of-hormuz-will-remain-shut/): Global oil markets rose into renewed turmoil Thursday after crude prices climbed above the $100 per barrel mark, driven by escalating geopolitical tensions in the Middle East and mounting fears of a prolonged disruption to global energy supply. The price spike followed a stark warning from Mojtaba Khamenei, Iran’s newly installed supreme leader, who declared
- [OPEC: Nigeria’s crude oil production dropped by 10% to 1.31m bpd in February](https://www.thevaluechainng.com/opec-nigerias-crude-oil-production-dropped-by-10-to-1-31m-bpd-in-february/): Nigeria’s crude oil production fell to 1.31 million barrels per day (bpd) in February, according to the Organisation of Petroleum Exporting Countries (OPEC) data. In its monthly report on Wednesday, the oil alliance said the figure represents a 10.69 percent decline from 1.45 million bpd output in the prior month. According to the oil alliance,
- [The Iran war is causing the largest disruption to oil markets in history, IEA says](https://www.thevaluechainng.com/the-iran-war-is-causing-the-largest-disruption-to-oil-markets-in-history-iea-says/): The Iran war has produced the largest disruption to oil markets in history, the International Energy Agency said on Thursday. "The war in the Middle East is creating the largest supply disruption in the history of the global oil market," the IEA said in its monthly market report. Oil prices surged back toward $100 per
- [Group urges FG to increase crude supply to local refiners](https://www.thevaluechainng.com/74727-2/): The Federal Government have been increase crude oil supply to local refineries and consider targeted subsidies to cushion the impact of rising fuel prices on Nigerians following the global oil market disruption caused by the ongoing conflict involving Iran. A civil society group, Partners for National Economic Progress (PANEP) made the appeal on Wednesday in
- [TCN enforces right-of-way on Ihovbor–Ajaokuta 330kV transmission line](https://www.thevaluechainng.com/tcn-enforces-right-of-way-on-ihovbor-ajaokuta-330kv-transmission-line/): The Transmission Company of Nigeria has carried out a clearance operation to remove structures encroaching on the Ihovbor–Ajaokuta 330kV transmission line in Ihovbor Community, Edo State. In a statement issued in Abuja on Thursday, the company disclosed that the exercise was undertaken by its Benin Region to secure the transmission corridor and protect critical power
- [Fuel Price Hike: Commuters Walk Long Distances To Beat High Transport Costs](https://www.thevaluechainng.com/fuel-price-hike-commuters-walk-long-distances-to-beat-high-transport-costs/): For many residents of the Federal Capital Territory, the daily journey to work is becoming more exhausting and expensive as the recent surge in petrol prices has driven up transport fares across major routes. Across Abuja’s busy corridors, from Nyanya and Mararaba to Kubwa, Lugbe and Gwarinpa, commuters say they are increasingly forced to walk
- [Fuel Price Drops As NNPC Reduces Pump Price Nationwide](https://www.thevaluechainng.com/fuel-price-drops-as-nnpc-reduces-pump-price-nationwide/): The new pricing, which took effect on Wednesday, represents a reduction of ₦100 from the previous ₦1,230 per litre in Lagos and ₦95 from ₦1,260 per litre in Abuja. Checks showed that the revised price was already reflected at several NNPC retail outlets in Lagos, including stations along Isheri Oshun Road, Apple Junction, and Ago
- [Oil Price Turbulence Sparks Volatility Across Global Financial Markets](https://www.thevaluechainng.com/oil-price-turbulence-sparks-volatility-across-global-financial-markets/): Global financial markets traded cautiously on Wednesday as oil prices surged again, triggering renewed volatility across equities and currency markets amid escalating geopolitical tensions in the Middle East. Brent crude oil, the international oil benchmark for Nigerian oil, climbed 4.7 per cent to about $92 per barrel, while U.S. benchmark crude rose 5.6 per cent
- [NMDPRA suspends issuance of petrol import licences](https://www.thevaluechainng.com/nmdpra-suspends-issuance-of-petrol-import-licences/): ...Says local production meets domestic demand The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) suspended the issuance of new import licences in February. The NMDPRA announced the development in its February 2026 ‘State of the Midstream and Downstream Fact Sheet’. According to the data, no import licences were issued in February while Dangote refinery
- [NRM presidential aspirant seeks return of fuel subsidy](https://www.thevaluechainng.com/nrm-presidential-aspirant-seeks-return-of-fuel-subsidy/): A presidential aspirant on the platform of the National Rescue Movement, Faduri Oluwadare Joseph, has urged the federal government to restore fuel subsidy to cushion the impact of rising petroleum prices on Nigerians. Joseph made the call on Tuesday while reacting to the surge in global oil prices linked to the ongoing tensions involving Israel,
- [Nigeria’s Foreign Reserves Top $50bn, Highest Since 2009](https://www.thevaluechainng.com/nigerias-foreign-reserves-top-50bn-highest-since-2009/): Nigeria’s gross external reserves have surged to about $50 billion, marking the highest level seen since January 2009, according to data from the Central Bank of Nigeria. The reserves, currently at $49.9 billion, reflect an increase of $4.441 billion from the $45.502 billion recorded at the end of 2025. The CBN Governor, Yemi Cardoso, confirmed
- [DisCos rake in N207.49bn in revenue December 2025 – NERC](https://www.thevaluechainng.com/discos-rake-in-n207-49bn-in-revenue-december-2025-nerc/): The Nigerian Electricity Regulatory Commission (NERC) says electricity distribution companies (DisCos) generated N207.49 billion in revenue from N258.66 billion billed to customers in December 2025. The regulator disclosed this in its DisCos Commercial Performance Factsheet for December 2025, which tracks the operational and financial performance of distribution companies across the country. According to the report,
- [NERC gives private grid-connected substations 45 days to register](https://www.thevaluechainng.com/nerc-gives-private-grid-connected-substations-45-days-to-register/): The Nigerian Electricity Regulatory Commission (NERC) on Wednesday ordered owners of private grid-connected transmission substations to register within 45 days. This was contained in a statement on NERC’s official X handle. The Order on the Registration and Authorisation of Grid-Connected Private Transmission Substations (NERC/2026/013), effective March 9, 2026, requires operators to secure an Independent Electricity
- [Niger Delta coalition demands decentralization of pipeline surveillance contract](https://www.thevaluechainng.com/niger-delta-coalition-demands-decentralization-of-pipeline-surveillance-contract/): President-General, Coalition of Niger Delta Ethnic Nationalities, Dr Alaye Tari Theophilus, says decentralisation of the pipeline surveillance contract will act as a deterrent to crude oil theft. Theophilus made this statement on Wednesday on Arise Television’s ‘Morning Show’. “You can’t ask people to stop artisanal refining when surveillance is monopolised. Illegal vessels load products from
- [Senate Summons Mele Kyari, Ajiya, Others Over Unaccounted N210trn](https://www.thevaluechainng.com/senate-summons-mele-kyari-ajiya-others-over-unaccounted-n210trn/): …Questions N5bn spent on transition from NNPC to NNPC Ltd …Threatens warrant of arrest The Senate has summoned Mele Kyari, the immediate past Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC); Umar Ajiya Isa, the former Chief Financial Officer; and Dr. Bala Wunti over an alleged N210 trillion that was
- [Team Nigeria Intensifies Commonwealth Games Preparations in Asaba](https://www.thevaluechainng.com/team-nigeria-intensifies-commonwealth-games-preparations-in-asaba/): Saidu Abubakar with Agency Reports Team Nigeria’s athletics contingent has intensified preparations for the forthcoming Commonwealth Games, with its six-week first-phase camping programme now in its second week in Asaba, Delta State, monitored Agency reports say. The Games are scheduled for between July 23 and August 2, 2026, in Glasgow, Scotland. The camp, organised by
- [Reforms, Safety Oversight, Airport Upgrades Shape Nigeria’s Aviation Outlook](https://www.thevaluechainng.com/reforms-safety-oversight-airport-upgrades-shape-nigerias-aviation-outlook/): By Anscella Obike Nigeria’s aviation sector continues to navigate a delicate balance between reform ambitions and operational realities, as government authorities push for infrastructure improvements, stronger regulatory oversight, and improved passenger experience across the country’s airports. In recent developments, policymakers have reiterated commitments to modernising aviation infrastructure while addressing persistent industry concerns such as high
- [Buried Wealth, Vanishing Revenue: The Crisis in Nigeria’s Mining Industry](https://www.thevaluechainng.com/buried-wealth-vanishing-revenue-the-crisis-in-nigerias-mining-industry/): By Anscella Obike Nigeria’s ambition to reposition its solid minerals sector as a pillar of post-oil economic diversification is facing a serious setback. Rampant illicit financial flows, weak oversight and entrenched informal networks are draining billions of naira annually from a sector that should be powering jobs, industrialisation and foreign exchange growth. A recent report
- [How Policy Gaps Deepen Nigeria’s Housing Crisis](https://www.thevaluechainng.com/how-policy-gaps-deepen-nigerias-housing-crisis/): By Adaobi Rhema Oguejiofor Nigeria’s housing crisis is often framed as a simple matter of supply: too few developers, too few homes, and prices that keep climbing. But industry stakeholders argue that the deeper problem lies not in a lack of builders, but in policy design, financing systems, and land administration structures that make it
- [30,700 Jobs Gone: The AI Shift Reshaping Global Tech in 2026 ](https://www.thevaluechainng.com/30700-jobs-gone-the-ai-shift-reshaping-global-tech-in-2026/): By Adaobi Rhema Oguejiofor At first glance, the global innovation and technology sector seems unstoppable. This is because artificial intelligence investment is accelerating, revenues are rising, and digital tools are becoming even more integrated into everyday life. Yet beneath this growth story, a quieter transformation is unfolding, one measured not in innovation headlines but in
- [Nigeria’s Power Sector in Peril: N6Trn Debt and a Fragile Grid](https://www.thevaluechainng.com/nigerias-power-sector-in-peril-n6trn-debt-and-a-fragile-grid/): By Anscella Obike Nigeria’s electricity industry is once again under intense scrutiny as rising debt, weak generation levels and structural bottlenecks threaten the stability of a sector central to economic growth. Despite years of reform efforts, the system continues to struggle with liquidity crises and operational inefficiencies that undermine its ability to deliver reliable and
- [Built For Nigeria’s Roads: Versat Automobile Unveils Heavy-Duty C&C Trucks](https://www.thevaluechainng.com/built-for-nigerias-roads-versat-automobile-unveils-heavy-duty-cc-trucks/): By Adaobi Rhema Oguejiofor Nigeria’s commercial transport and logistics sector is expanding in step with rising infrastructure development, construction growth, and increasing demand for efficient cargo movement. Into this competitive and capital-intensive market steps Versat Automobile Limited, a new entrant positioning itself as a long-term player in the country’s heavy-duty vehicle segment. The company officially
- [Nigeria Shines Bright at 2026 BAFTA Film Awards](https://www.thevaluechainng.com/nigeria-shines-bright-at-2026-bafta-film-awards/): By Anscella Obike In a remarkable moment for Nigerian creativity, this year’s British Academy of Film and Television Arts (BAFTA) Awards witnessed Nigerian talent take home major honours, bringing global acclaim to Nigerian storytelling and production. The awards held earlier this week spotlighted the country’s rising influence on the international film scene, affirming that Nigerian
- [Nigeria’s Ports on the Move as Trade, Funding and Infrastructure Challenges Shape the Sector](https://www.thevaluechainng.com/nigerias-ports-on-the-move-as-trade-funding-and-infrastructure-challenges-shape-the-sector/): By Anscella Obike Nigeria’s maritime sector continues to play a pivotal role in supporting trade and economic activity, with recent developments highlighting both strong operational momentum and ongoing structural challenges. Increased vessel traffic, policy initiatives, and funding debates reflect a sector navigating change as stakeholders push for greater efficiency and competitiveness. Rising Vessel Traffic Reflects
- [How Nigeria can achieve gas-led industrialization - Shell](https://www.thevaluechainng.com/how-nigeria-can-achieve-gas-led-industrialization-shell/): Nigeria can harness her gas resources for industrialisation if it achieves stable regulatory enforcement, fair pricing and infrastructure ownership models in the sector, Managing Director Shell Nigeria Gas (SNG) Ralph Gbobo said in Lagos recently. This development was revealed in a statement by Gladys Afam-Anadu, who is the Communications Manager of SNEPCo. Speaking at the
- [Exploring the Fifth and Final Step of Abraham Maslow’s Hierarchy of Needs: Self-Actualisation](https://www.thevaluechainng.com/exploring-the-fifth-and-final-step-of-abraham-maslows-hierarchy-of-needs-self-actualisation/): By Anastasia Adaeze The new year is finding its rhythm. It is February 2026, the month of reflection, of love, of quiet realisations. And maybe, as you move through your days, you have begun to sense it, that gentle pull toward something more than survival, safety, or even success. Something deeper. Something truer. Welcome to
- [The Vanishing Green: Northern Nigeria’s Battle Against the Dust](https://www.thevaluechainng.com/the-vanishing-green-northern-nigerias-battle-against-the-dust/): There was a time, not so long ago, when the journey from Kaduna to Kano was a passage through a lush tapestry of gold and green. The Guinea Savanna transitioned into the Sudan Savanna with a rhythmic grace, marked by the towering silhouettes of Baobab trees and the dense, thorny embrace of acacia thickets. Today,
- [Arthritis: The Silent Thief of Movement](https://www.thevaluechainng.com/arthritis-the-silent-thief-of-movement/): By Adaobi Rhema Oguejiofor It often begins quietly, a stiffness in the fingers at dawn, a knee that protests after a long day, or a shoulder that refuses to move freely. For many, these early signs are dismissed as fatigue or simply “getting older". But for millions worldwide, they mark the onset of arthritis, a
- [“Gas Is the Key to Solving Energy Poverty in Africa” — Domingo Mba Esono](https://www.thevaluechainng.com/gas-is-the-key-to-solving-energy-poverty-in-africa-domingo-mba-esono/): An Exclusive Interview with Domingo Mba Esono, Minister Delegate of Hydrocarbons and Mining Development, Republic of Equatorial Guinea At the 9th edition of the Nigeria International Energy Summit in Abuja, Valuechain Energy Magazine sat down with Domingo Mba Esono to discuss deepening hydrocarbon cooperation between Nigeria and Equatorial Guinea, gas monetisation strategies, local content development,
- [Can Livestock Reform Tame Nigeria’s Food Inflation?](https://www.thevaluechainng.com/can-livestock-reform-tame-nigerias-food-inflation/): By Ese Ufuoma Nigeria’s food inflation crisis has become a central concern for policymakers, agribusiness investors and ordinary consumers alike, and although a range of factors from exchange rate volatility to supply chain inefficiencies drive the persistent rise in food prices, there is growing optimism that strategic expansion of the livestock and dairy sectors could
- [Africa and Venezuela Forge a New South–South Energy Axis](https://www.thevaluechainng.com/africa-and-venezuela-forge-a-new-south-south-energy-axis/): By Silverline Ifeanyi Onyeabor As global energy geopolitics continue to fragment along new economic lines, a strategic realignment is quietly taking shape across the Global South. This week, the African Energy Chamber (AEC) advanced a structured cooperation programme with Venezuela during a high-level working visit designed to deepen hydrocarbon development, expand trade flows, and institutionalise
- [How APPO Plans to Anchor $500 Billion in African Hands](https://www.thevaluechainng.com/how-appo-plans-to-anchor-500-billion-in-african-hands/): By Silverline Ifeanyi Onyeabor In its February 2026 editorial, the African Petroleum Producers’ Organization (APPO) delivers more than a routine policy reflection. It presents a strategic recalibration of Africa’s hydrocarbon future, one that shifts local content from a regulatory talking point to a continental economic doctrine. At the centre of the message is a clear
- [Between Hydrocarbon Dependence and Climate Commitments](https://www.thevaluechainng.com/between-hydrocarbon-dependence-and-climate-commitments/): By Ese Ufoma Nigeria’s oil and gas industry is entering a defining phase where profitability, regulatory reform and decarbonization must be managed simultaneously, and unlike previous cycles driven purely by crude price volatility or OPEC quota adjustments, this moment demands a more deliberate balance between revenue generation and long-term sustainability. For Africa’s largest crude producer,
- [AFRICA’S ENERGY RESET: Why NIES 2026 Could Mark the Beginning of a New Industrial Era](https://www.thevaluechainng.com/africas-energy-reset-why-nies-2026-could-mark-the-beginning-of-a-new-industrial-era/): By William Emmanuel Ukpoju The 9th edition of the Nigeria International Energy Summit (NIES) 2026 did more than convene industry stakeholders in Abuja; it articulated an ambitious continental doctrine. Under the theme “Energy for Peace and Progress: Securing Our Shared Future,” the summit moved beyond ceremonial declarations to frame energy as the decisive lever for
- [Inter-Agency Reform Targets Long-Running Oil Field Disputes](https://www.thevaluechainng.com/inter-agency-reform-targets-long-running-oil-field-disputes/): By Ese Ufuoma Nigeria has taken a decisive and strategic step to address decades-old disputes over oil and gas well locations that have long-strained relationships among oil-producing states and complicated revenue allocation under the nation’s fiscal framework, a development that industry stakeholders and policymakers alike have welcomed as a critical turning point in the governance
- [African Hands, African Energy: The New Imperative from SAIPEC](https://www.thevaluechainng.com/african-hands-african-energy-the-new-imperative-from-saipec/): By Silverline Ifeanyi Onyeabor The 10th anniversary edition of the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) did more than celebrate a milestone; it crystallised a continental energy doctrine. Held in Lagos, SAIPEC 2026 became a platform where policy, investment, local content, regulatory reform, diversity, and African agency converged into one unifying message: Africa
- [The Frontier Fund Freeze: Is Nigeria Trading Reserves for Revenue?](https://www.thevaluechainng.com/the-frontier-fund-freeze-is-nigeria-trading-reserves-for-revenue/): By Gideon Osaka OIL, POLITICS & THE FUTURE OF RESERVES Billions once ring-fenced for frontier exploration are now headed to the Federation Account. As fiscal pressures mount and production struggles persist, Nigeria must decide: distribute today’s income or invest in tomorrow’s energy security When President Bola Ahmed Tinubu signed Presidential Executive Order No. 9 of
- [Executive Power and PIA Structure: Understanding Executive Order 09 and Implications on Nigeria’s Petroleum Revenue and Sector Governance Preamble](https://www.thevaluechainng.com/executive-power-and-pia-structure-understanding-executive-order-09-and-implications-on-nigerias-petroleum-revenue-and-sector-governance-preamble/): Professor Omowumi O. Iledare Ngeria’s petroleum governance framework was intentionally restructured to emphasise institutional separation, regulatory clarity, and fiscal transparency through the Petroleum Industry Act (PIA). Following decades marked by reform attempts, legislative gridlock, and regulatory uncertainty, the PIA sought to create a rule-based system designed to attract investment, strengthen accountability, and stabilise fiscal flows.
- [Oil Prices in a Time of Conflict: Rational Expectations Over Historical Memory](https://www.thevaluechainng.com/oil-prices-in-a-time-of-conflict-rational-expectations-over-historical-memory/): By Saidu Abubakar The recent escalation involving US interests and its Middle East allies — including the reported incident near the Strait of Hormuz — has understandably drawn global attention. This is the expertise assessment of a renown petroleum economist, Emeritus Prof. Wumi Iledare. "However, we must resist the instinct to interpret these developments through
- [NCDMB Donates Hi-Tech Equipment, Simulators To Bayelsa Medical University](https://www.thevaluechainng.com/ncdmb-donates-hi-tech-equipment-simulators-to-bayelsa-medical-university/): A state-of-the-art Clinical Skills and Simulation Laboratory, fully equipped by the Nigerian Content Development and Monitoring Board (NCDMB), was on Friday commissioned at the Bayelsa Medical University (BMU), Yenagoa, with the goal of positioning the institution to align with global best practices in medical education, and “strengthening local capacity in Bayelsa State and Nigeria at
- [Venezuela: A Country At An Inflection Point](https://www.thevaluechainng.com/venezuela-a-country-at-an-inflection-point/): By Amena Bakr Let me start off my saying don’t believe what you see on tv. They told me it was dangerous, they told me security was needed everywhere and the told me it was impossible for me to walk in the streets safely. They were wrong. This month, I traveled to Caracas as part
- [NUPRC oversees TotalEnergies' exit from OLO Oilfield obligations to Aradel](https://www.thevaluechainng.com/nuprc-oversees-totalenergies-exit-from-olo-oilfield-obligations-to-aradel/): By Danlami Nasir Isah, Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has presided over the formal handover of the OLO Oilfield Host Community Development Trust (HCDT) from TotalEnergies to Aradel Holdings Plc, marking a milestone in the implementation of the Petroleum Industry Act (PIA) and the Commission's commitment to protecting host community interests during
- [Nigeria To Begin Exporting New Light Crude Grade Cawthorne From March, Boosting National Oil Output](https://www.thevaluechainng.com/nigeria-to-begin-exporting-new-light-crude-grade-cawthorne-from-march-boosting-national-oil-output/): Nigeria is set to start exporting a new light, sweet crude grade named Cawthorne in March, the Nigerian National Petroleum Corporation (NNPC) announced, marking a strategic step to increase the country’s crude production and strengthen its position in the global oil market. The move comes amid ongoing efforts to recover output previously hampered by crude
- [FG Intensifies Free Prepaid Meter Rollout, Warns DisCos Against Charging Consumers](https://www.thevaluechainng.com/fg-intensifies-free-prepaid-meter-rollout-warns-discos-against-charging-consumers/): *Three simple steps to apply and get your free smart meter The Federal Government has reaffirmed that electricity consumers across Nigeria are entitled to receive smart prepaid meters and installation services free of charge, as part of ongoing reforms to address the country’s metering gap. The initiative, which covers all 36 states and the Federal
- [CBN mops up dollars to slowdown Naira appreciation](https://www.thevaluechainng.com/cbn-mops-up-dollars-to-slowdown-naira-appreciation/): The Central Bank of Nigeria (CBN) slowed naira appreciation at the official window and mopped up about $190 million from the local currency market last week. The local currency had appreciated speedily at the official window, but the exchange rate retreated for the last three trading sessions that closed on Friday. Some analysts warned that
- [GenCos Reject Presidency’s ₦2.8trn Debt Audit, Seek Details](https://www.thevaluechainng.com/gencos-reject-presidencys-₦2-8trn-debt-audit-seek-details/): The Association of Power Generation Companies has categorically rejected claims by presidency sources suggesting that N2.8tn represents a newly verified and final settlement of legacy debts owed to electricity generation companies, describing the claim as inaccurate and misleading. In a statement titled “APGC Position on Misleading Reports Regarding GenCos’ Debt Reconciliation,” issued on Monday in
- [Uzoka-Anite Warns Against Inflation Risks from Oil, Gas Earnings Surge](https://www.thevaluechainng.com/uzoka-anite-warns-against-inflation-risks-from-oil-gas-earnings-surge/): The Minister of State for Finance and chairman of the Federation Account Allocation Committee (FAAC), Mrs Doris Uzoka-Anite, has cautioned that a projected surge in oil and gas revenues following President Bola Tinubu’s latest executive order could trigger inflationary pressures and exchange rate volatility if not carefully managed. She said that the recent executive order
- [National Grid Strengthened As TCN Reactivates 330kV Line](https://www.thevaluechainng.com/national-grid-strengthened-as-tcn-reactivates-330kv-line/): The Transmission Company of Nigeria (TCN) has announced the successful restoration of the 330kV Shiroro-Mando Transmission Line 2 to service following the completion of critical repair works. The development was disclosed in a post on the company’s 𝕏 handle on Monday (today) by its General Manager, Public Affairs, Ndidi Mbah. According to her, the transmission line
- [PENGASSAN Urges FG to Sell 51% Stake in NNPC Refineries](https://www.thevaluechainng.com/pengassan-urges-fg-to-sell-51-stake-in-nnpc-refineries/): The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has renewed its long-standing call for the Federal Government to divest a majority stake in the country's state-owned refineries managed by the Nigerian National Petroleum Company Limited (NNPC). In a statement on Sunday, February 23, 2026, Festus Osifo, National President of PENGASSAN and the
- [March Tariff Review Looms as Businesses Reel from January Electricity Hike](https://www.thevaluechainng.com/march-tariff-review-looms-as-businesses-reel-from-january-electricity-hike/): Ghana’s businesses and households are bracing for another potential electricity price increase before the end of March, with industry players warning that a fresh upward adjustment by the Public Utilities Regulatory Commission (PURC) could deepen financial strain that the January hike has already inflicted on an economy still in recovery mode. The PURC implemented a
- [NMDPRA cracks down on retail fuel safety, compliance](https://www.thevaluechainng.com/nmdpra-cracks-down-on-retail-fuel-safety-compliance/): The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has tightened oversight of gas and liquid petroleum retail outlets, warning operators that strict compliance with the Petroleum Industry Act, PIA, and safety standards is non-negotiable. At a stakeholders’ engagement meeting in Abuja, the Authority reviewed operational benchmarks across filling stations and gas retail facilities in
- [Shiroro-Mando Line 2 In Operation, Says TCN](https://www.thevaluechainng.com/shiroro-mando-line-2-in-operation-says-tcn/): The Transmission Company of Nigeria (TCN) has successfully returned the 330kV Shiroro–Mando Transmission Line 2 to service following the completion of repair works. According to Ndidi Mbah, the general manager, Public Affairs of the TCN, who wrote on the verified X handle of the organisation, wrote that,” The line was energised at approximately 8:32 pm on
- [NNPC, Dangote Group Forge Strategic Alliance To Accelerate Nigeria's Energy Security, Prosperity](https://www.thevaluechainng.com/nnpc-dangote-group-forge-strategic-alliance-to-accelerate-nigerias-energy-security-prosperity/): The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, today led a delegation of the company's management to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State, for high-level discussions that culminated in a renewed commitment to strategic collaboration between the two companies. The visit, which included a facility tour, focused
- [Pof Iledare Responds To Presidential Executive Order On Direct Remittance Of Oil and Gas Revenues](https://www.thevaluechainng.com/pof-iledare-responds-to-presidential-executive-order-on-direct-remittance-of-oil-and-gas-revenues/): By Saidu Abubakar Professor Emeritus Wumi Iledare, the Chair of Oil, Gas, and Energy Policy Forum as well as the Executive Director of Emmanuel Egbogah Foundation, has carefully reviewed the recent Executive Order issued by President Bola Ahmed Tinubu directing the restructuring of oil and gas revenue remittances to the Federation Account. In a response
- [DMO Reports ₦900bn Rise in Nigeria’s Debt, Total Now ₦153trn](https://www.thevaluechainng.com/dmo-reports-₦900bn-rise-in-nigerias-debt-total-now-₦153trn/): Nigeria’s public debt rose by ₦900 billion in the third quarter of 2025, bringing the total debt to ₦153.29 trillion (around US$103.94 billion) as of September 30, 2025, according to the Debt Management Office (DMO). The updated figures, released by the DMO on Friday, show a steady increase in government borrowings. This is driven by
- [8 Ways to Invest Small and Grow Your Money in Nigeria](https://www.thevaluechainng.com/8-ways-to-invest-small-and-grow-your-money-in-nigeria/): Growing small amounts of money has become essential for Nigerians as inflation consistently decreases purchasing power. Fortunately, there are many regulated investment options, meaning you no longer need millions of naira to start building wealth. Here are eight practical and accessible ways to invest small amounts and grow your money in Nigeria, based on proven
- [AMAC under fire as residents reject TV, radio licence char](https://www.thevaluechainng.com/amac-under-fire-as-residents-reject-tv-radio-licence-char/): The Abuja Municipal Area Council, AMAC, is facing a wave of public outrage after issuing demand notices compelling residents and businesses across the Federal Capital Territory to pay the newly introduced television and radio ownership licence fees within 21 days, or risk court action and the sealing of their premises. The enforcement drive has ignited
- [NLC Says No To FG’s ₦3trn Bailout For Power GENCOs](https://www.thevaluechainng.com/nlc-says-no-to-fgs-₦3trn-bailout-for-power-gencos/): ...It's politically motivated The Nigeria Labour Congress has strongly condemned the Federal Government’s reported plan to grant a ₦3 trillion bailout to privately owned electricity generation companies, calling it unjustified and economically unsound given the sector’s persistent failures since privatization. NLC President Comrade Joe Ajaero described the plan as a politically motivated attempt to enrich
- [Solar migration: Presidency has declared national grid unfit – GENCOs](https://www.thevaluechainng.com/solar-migration-presidency-has-declared-national-grid-unfit-gencos/): Power Generation Companies (GENCOs) has said the Presidential Villa’s decision to disconnect fully from the national grid by March 2026 represented a vote of no confidence in on-grid power. They argued that the decision, facilitated by a ₦17 billion independent solar mini-grid project, made the national grid unfit for purpose. Besides also noted that it would
- [Tinubu’s Executive Order threatens over 4000 jobs in oil sector — PENGASSAN](https://www.thevaluechainng.com/tinubus-executive-order-threatens-over-4000-jobs-in-oil-sector-pengassan/): ….Calls for reversal of provisions Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has warned that no fewer than 4,000 of its members may loose their jobs in the Nigeria National Petroleum Company, NNPC, as a direct consequence of the newly signed Executive Order,EO, by President Bola Tinubu. It called for the reversal
- [NNPC: FG faces push back as PENGASSAN rejects executive order](https://www.thevaluechainng.com/nnpc-fg-faces-push-back-as-pengassan-rejects-executive-order/): ….cites violation of PIA, wrong signals to investors The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has strongly rejected President Bola Tinubu’s Executive Order which mandates the Nigerian National Petroleum Company (NNPC) Limited to remit funds the Federation Account. PENGASSAN described the executive order as a violation of the Petroleum Industry Act
- [Senate Grills Edun, Adedeji Over Rising Debt, Budget Assumptions](https://www.thevaluechainng.com/senate-grills-edun-adedeji-over-rising-debt-budget-assumptions/): The Senate on Thursday subjected the Federal Government’s economic team to about five hours of questioning over rising debt obligations, revenue projections and what lawmakers described as unrealistic budget assumptions. The scrutiny followed deliberations on the proposed N58.472tn 2026 Appropriation Bill at an interactive session with the Senate Committee on Appropriations, chaired by Senator Solomon
- [Tinubu Issues Executive Order To Safeguard Federation Oil And Gas Revenues](https://www.thevaluechainng.com/tinubu-issues-executive-order-to-safeguard-federation-oil-and-gas-revenues/): ...Enhance Regulatory Clarity President Bola Ahmed Tinubu, GCFR, signed an Executive Order aimed at realigning oil and gas revenue flows with constitutional requirements. The Order signed last week, seeks to strengthen fiscal transparency, clarify regulatory mandates and enhance revenues accruing to the Federation from the oil and gas sector. This was contained in a statement
- [My Meeting With Venezuelan Ambassador To South Africa - NJ Ayuk](https://www.thevaluechainng.com/my-meeting-with-venezuelan-ambassador-to-south-africa-nj-ayuk/): By NJ Ayuk JD, MBA Great meeting today with Venezuela’s ambassador to South Africa H.E. Carlos Feo Acevedo. We discuss a lot of about collaboration between Africa and Venezuela and Making Energy Poverty History. Venezuela holds the world’s largest proven oil reserves, estimated at about 303 billion barrels, accounting for roughly 17 per cent of
- [Remittance of 1% Nigerian Content Levy Still Mandatory - NCDMB](https://www.thevaluechainng.com/remittance-of-1-nigerian-content-levy-still-mandatory-ncdmb/): *Access to Approvals, Services Dependent on Payment Certificate The Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday reminded operators, contractors, and service companies in the upstream sector of the Nigerian oil and gas industry of their mandatory obligation to remit one percent (1%) Nigerian Content Development Fund (NCDF) levy into the bank accounts officially
- [NGX: Heavyweight Stocks, Pension Fund Reforms Drive 6.16% Weekly Gain](https://www.thevaluechainng.com/ngx-heavyweight-stocks-pension-fund-reforms-drive-6-16-weekly-gain/): The Nigerian equities market closed Friday on a positive note, gaining N6.79 trillion as investor sentiment strengthened amid heightened trading activity. Market capitalisation of listed equities increased 6.16 per cent to N117.027 trillion from N110.234 trillion reported in the previous week. The NGX All-Share Index (ASI) advanced by 10585.59 basis points week-on-week to settle at 182,313.08 points
- [Nigeria’s External Reserves Rise Towards $49bn, Boosting FX Confidence](https://www.thevaluechainng.com/nigerias-external-reserves-rise-towards-49bn-boosting-fx-confidence/): Nigeria’s external reserves have climbed toward the $49 billion threshold, signaling improved foreign exchange liquidity and strengthening macroeconomic confidence. The development reflects sustained inflows and ongoing reform measures aimed at stabilizing the currency market and restoring policy credibility. The increase in reserves enhances the Central Bank’s capacity to manage exchange rate volatility and meet external
- [Ooni Projects Nigeria For Foreign Investments As Africa’s Emerging Mining Hub](https://www.thevaluechainng.com/ooni-projects-nigeria-for-foreign-investments-as-africas-emerging-mining-hub/): The Permanent Chairman of the Southern Nigeria Traditional Rulers Council (SNTRC), Arole Oodua Olofin Adimula and the Natural Head of the Oduduwa race worldwide, Ooni Adeyeye Enitan Ogunwusi, CFR, Ojaja II, the Ooni of Ife has urged global investors to channel their capital into Nigeria’s solid minerals sector, declaring the country strategically positioned to emerge
- [US–Iran Talks Drive Market Caution As Crude Oil Nears $68](https://www.thevaluechainng.com/us-iran-talks-drive-market-caution-as-crude-oil-nears-68/): Crude oil prices traded in a narrow range on Monday as investors assessed geopolitical developments and supply expectations. Brent crude oil hovered close to the $68 per barrel level, while U.S. West Texas Intermediate remained near the low $60s. The primary focus for energy traders is the renewed round of nuclear discussions between the United
- [Prof Iledare Cautions  Usage Of 'Monopoly' In Oil Industry](https://www.thevaluechainng.com/prof-iledare-cautions-usage-of-monopoly-in-oil-industry/): By Saidu Abubakar The usage of the word "monopoly" certain stakeholders in the oil industry has vehemently been frowned at by a renown petroleum expert, Professor Wumi O. Iledare. He was reacting to a media report entitled "Price Crisis: NARTO, FCCPC, NMDPRA To Tackle Monopoly." Valuechain quoted the petroleum economist as saying "people often say
- [Price Crisis: NARTO Urges FCCPC, NMDPRA To Tackle Monopoly](https://www.thevaluechainng.com/price-crisis-narto-urges-fccpc-nmdpra-to-tackle-monopoly/): The Nigerian Association of Road Transport Owners (NARTO) has urged key regulatory bodies to intervene decisively in Nigeria’s downstream oil sector, warning that alleged monopolistic practices are driving fuel prices higher and worsening economic hardship. In a statement issued at the weekend, NARTO called on the Federal Competition and Consumer Protection Commission (FCCPC) and the
- [NSA Office Speaks On Alleged Procurement Of Toxic Chemicals From Poland](https://www.thevaluechainng.com/nsa-office-speaks-on-alleged-procurement-of-toxic-chemicals-from-poland/): The Office of the National Security Adviser has dismissed claims that it imported a dangerous chemical known as thallium sulphate from Poland. Naija News reports that the reaction came after former Kaduna State Governor, Nasir El-rufai, disclosed on 𝕏 that opposition figures had received information suggesting that about 10 kilograms of the toxic substance were brought into the country
- [VAT removed on land, buildings, rent — Oyedele](https://www.thevaluechainng.com/vat-removed-on-land-buildings-rent-oyedele/): The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that land, buildings and rent are now fully exempted from Value Added Tax (VAT) under the Nigeria Tax Act 2025. Oyedele explained that the new law, which has already commenced, was designed to reduce the cost of housing, encourage investment
- [Inside Nigeria’s latest Sophisticated Scam Network](https://www.thevaluechainng.com/inside-nigerias-latest-sophisticated-scam-network/): •How fake airline discounts use N500 bait to empty thousands of bank accounts What began as a harmless-looking airline discount offer of just N500 as a “processing fee” has now been exposed as one of the most sophisticated financial fraud operations uncovered in Nigeria in recent years. At the heart of the scheme are two
- [Establish local HQ In Economic Shift - Traore Orders Multinationals](https://www.thevaluechainng.com/establish-local-hq-in-economic-shift-traore-orders-multinationals/): Burkina Faso’s transitional government has taken a decisive step to tighten economic sovereignty, adopting a sweeping decree that compels large companies operating in the country to establish their headquarters within its borders. According to Channels Television post on X on February 14 , 2026 , the decision was approved on Thursday during a Council of
- [How Nigeria can turn risks to opportunities in oil industry - SNEPCo](https://www.thevaluechainng.com/how-nigeria-can-turn-risks-to-opportunities-in-oil-industry-snepco/): Nigeria can transform risks and complexities in the oil and gas industry to opportunities for growth and development if operators and regulators collaborate in a business environment that encourages transparency and governance discipline without late-stage fiscal or regulatory shocks. The remark was made on behalf of the Managing Director of Shell Nigeria Exploration and Production
- [Expert Calls For Minimum Wage Increase To Reflect Cost Of Living](https://www.thevaluechainng.com/expert-calls-for-minimum-wage-increase-to-reflect-cost-of-living/): An Industrial Relations and Personnel Management expert, Prof. Ismaila Kadiri, has advised the Federal Government to review upward the current minimum wage to reflect cost of living. Kadiri of the Department of Industrial Relations and Personnel Management, University of Ilorin, gave the advice while delivering the institution’s 296th Inaugural Lecture on Thursday in Ilorin. The
- [El-Rufai Reacts to ‘Illegal Attempted’ Arrest at Abuja Airport ](https://www.thevaluechainng.com/el-rufai-reacts-to-illegal-attempted-arrest-at-abuja-airport/): Former Kaduna State Governor Nasir Ahmed El-Rufai has condemned what he described as an “illegal attempt” to arrest him by security operatives on Thursday at Nnamdi Azikwe International Airport, Abuja, shortly after his return from Cairo, Egypt. Reacting in a statement, El-Rufai’s lawyer, Ubong Esop Akpan, described the move as an “unlawful attempted arrest,” calling it
- [Notice of Scheduled Maintenance on Major Gas Plant, Facilities](https://www.thevaluechainng.com/notice-of-scheduled-maintenance-on-major-gas-plant-facilities/): By Saidu Abubakar The public is hereby informed that Seplat Energy Plc, a Joint Venture partner of NNPC Ltd and a key supplier of gas into the NNPC Gas Infrastructure Company Limited (NGIC) pipeline network, has scheduled routine maintenance on its gas production facilities from 12th to 15th February 2026. This planned activity forms part
- [Security Encircle El-Rufai On Arrival At Abuja Airport](https://www.thevaluechainng.com/security-encircle-el-rufai-on-arrival-at-abuja-airport/): By Our Correspondent The immediate past Governor of Kaduna State, Mallam Nasir El-Rufai and a chieftain of the ADC has just landed at the Abuja International Airport with his supporters on hand to welcome him. Valuechain correspondent who was at the airport upon the former governor's arrival reports that security operatives were also on hand
- [Eyesan Urges Global Investors to Seize Opportunities in 2025 Licensing Round](https://www.thevaluechainng.com/eyesan-urges-global-investors-to-seize-opportunities-in-2025-licensing-round/): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has urged global investors to capitalise on opportunities in Nigeria’s 2025 licensing round, emphasising that recent reforms under the Petroleum Industry Act 2021 provide a predictable, transparent, and investor-friendly framework for upstream development. Eniola Akinkuotu, Head, Media and Strategic Communication said in a statement that the Commission Chief
- [Shell Honoured For “Best Oilfield Development Projects” At Abuja Energy Summit](https://www.thevaluechainng.com/shell-honoured-for-best-oilfield-development-projects-at-abuja-energy-summit-2/): Shell Nigeria Exploration and Production Company Limited (SNEPCo) was recognised for its pioneering role in oilfield development projects at the 9th Nigeria International Energy Summit (NIES) which held in Abuja last week. The award for “Best Oilfield Development Projects” applauds SNEPCo’s leadership in Nigeria’s deep-water sector, having commenced production in 2005 at Bonga field, Nigeria’s
- [Shell honoured for “Best Oilfield Development Projects” at Abuja Energy Summit](https://www.thevaluechainng.com/shell-honoured-for-best-oilfield-development-projects-at-abuja-energy-summit/): Shell Nigeria Exploration and Production Company Limited (SNEPCo) was recognised for its pioneering role in oilfield development projects at the 9th Nigeria International Energy Summit (NIES) which held in Abuja last week. The award for “Best Oilfield Development Projects” applauds SNEPCo’s leadership in Nigeria’s deep-water sector, having commenced production in 2005 at Bonga field, Nigeria’s
- [Oil Industry Contracting: NCDMB Issues NCEC Guidance Notes](https://www.thevaluechainng.com/oil-industry-contracting-ncdmb-issues-ncec-guidance-notes/): ...Rules Out Transfer of Certificate By Saidu Abubakar Determined to speed up the oil and gas industry contracting processes, weed out firms lacking technical capacity to perform and reduce Nigeria’s cost of production, the Nigerian Content Development and Monitoring Board has issued the "NCEC Application Guidance Notes", with effect from December 2025. The document which
- [NCDMB webinar unlocks AfCFTA market access for energy sector](https://www.thevaluechainng.com/ncdmb-webinar-unlocks-afcfta-market-access-for-energy-sector/): …..Provides roadmap to $3.4trn continental market By Saidu Abubakar According to a statement by Obinna Ezeobi, PhD, who is the General Manager, Corporate Communications Division of the NCDMB, the Nigerian Content Development and Monitoring Board has outlined a practical framework for positioning Nigeria’s energy sector to access the African Continental Free Trade Area, following a
- [Imo: Governor Uzodinma Unveils Orashi Power Project](https://www.thevaluechainng.com/imo-governor-uzodinma-unveils-orashi-power-project/): Imo State Governor, Hope Uzodimma, on Friday unveiled the first phase of the Orashi Electricity Project under the Light Up Imo Project, declaring it a turning point in the state’s power sector and an end to what he described as the generator-driven economy. In a statement signed by the Special Adviser on Media to the
- [NCDMB Pledges Enduring Support for APPO, Africa Energy Bank](https://www.thevaluechainng.com/ncdmb-pledges-enduring-support-for-appo-africa-energy-bank/): By Saidu Abubakar The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its strong support to the African Petroleum Producers Organisation (APPO) and its newly established financial institution – the Africa Energy Bank (AEB). The Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe made the pledge on Thursday when the new Secretary General of
- [Electricity Meter, Installation Are Free, Federal Gov’t Insists](https://www.thevaluechainng.com/electricity-meter-installation-are-free-federal-govt-insists/): The Federal Government has reaffirmed that electricity meters being deployed under the Distribution Sector Recovery Programme (DISREP) are free for customers, warning Nigerians not to pay any money for meter supply or installation. Director General of the Bureau of Public Enterprises (BPE), Mr. Ayodeji Ariyo Gbeleyi, stated this on Wednesday in Abuja at a joint
- [Lessons Learned from AFCON 2025](https://www.thevaluechainng.com/lessons-learned-from-afcon-2025/): Agency Reports compiled bySaidu Abubakar The 2025 Africa Cup of Nations (AFCON) will long be remembered for the way it finished. BBC Sport Africa was live in Morocco and analysed that there were chaotic scenes at the end of regulation time in the final, when the award of a penalty to Morocco sparked a walk-off
- [N2bn NCAT Expansion Plan Rekindles Debate on Aviation Training Standards](https://www.thevaluechainng.com/n2bn-ncat-expansion-plan-rekindles-debate-on-aviation-training-standards/): By Anscella Obike In the 2026 Appropriation Bill, the aviation sector has quietly taken centre stage with one of the most debated proposals in recent years: the decentralisation of the Nigerian College of Aviation Technology (NCAT), Zaria. The Federal Government has earmarked N2 billion to establish NCAT annexes across five geopolitical zones, reviving a plan
- [Why the Lagos Gold Refinery Matters Beyond the Controversy Reforms](https://www.thevaluechainng.com/why-the-lagos-gold-refinery-matters-beyond-the-controversy-reforms/): By Anscella Obike Nigeria’s solid minerals sector has rarely attracted as much public attention as it did following the announcement of a new gold refinery in Lagos. What should have been a milestone for private investment and value addition quickly turned into a heated national debate after the Northern Elders Forum (NEF) alleged that the
- [FHA’s Nationwide Push in 2026: Can Affordable Housing Finally Scale in Nigeria?](https://www.thevaluechainng.com/fhas-nationwide-push-in-2026-can-affordable-housing-finally-scale-in-nigeria/): By Adaobi Rhema Oguejiofor Nigeria’s housing deficit remains one of the country’s most persistent development challenges, shaped by rapid urbanisation, rising construction costs, weak mortgage penetration and longstanding land administration bottlenecks. While successive governments have announced ambitious housing programmes, delivery has often fallen short of demand. Against this backdrop, the Federal Housing Authority (FHA) says 2026 will mark
- [Nigeria’s Next Wave of Technological Innovation](https://www.thevaluechainng.com/nigerias-next-wave-of-technological-innovation/): By Adaobi Rhema Oguejiofor Nigeria’s tech revolution is unfolding quietly. Across the country, disciplined founders are building globally relevant infrastructure and platforms that are redefining value, influence, and economic power. These innovators are focusing on scale, resilience, and long-term impact. Below are some Nigerian innovations set to revolutionise the nation’s tech industry. LekeeLekee – Prince
- [N6.5trn Debt Piles Up in Nigeria’s Power Sector](https://www.thevaluechainng.com/n6-5trn-debt-piles-up-in-nigerias-power-sector/): By Anscella Obike Nigeria’s electricity sector continues to grapple with deep-seated structural and financial challenges, with recent data indicating a sharp deterioration in its balance sheet. As the Federal Government advances plans to raise N1.23 trillion through a Power Sector Bond, total industry debt has climbed by more than 60 per cent, intensifying concerns about
- [Chery’s 23-Year Export Reign: What It Means for Nigeria’s Auto Market](https://www.thevaluechainng.com/cherys-23-year-export-reign-what-it-means-for-nigerias-auto-market/): By Adaobi Rhema Oguejiofor When Chery Automobile confirmed it had exported 1.34 million vehicles in 2025, securing its position as China’s number one passenger car exporter for the 23rd consecutive year, the numbers did more than underline scale. They told a story of consistency, strategic execution, and the growing influence of Chinese automakers in global
- [Nollywood Hits N2bn Box Office as Nigerian Artists Dominate AFRIMA 2026](https://www.thevaluechainng.com/nollywood-hits-n2bn-box-office-as-nigerian-artists-dominate-afrima-2026/): By Anscella Obike Ngeria’s entertainment industry has opened 2026 with a powerful statement, one that reaffirms the country’s place as a cultural giant in Africa. In just the first weeks of the year, Nollywood and Afrobeats delivered two major victories that sparked national celebration: a new box-office milestone and a sweeping music awards triumph. From
- [Can Nigeria’s Ports Deliver N7–N10trn Blue Economy Revenues?](https://www.thevaluechainng.com/can-nigerias-ports-deliver-n7-n10trn-blue-economy-revenues/): By Anscella Obike Nigeria’s maritime sector is stepping into 2026 with renewed energy, shaped by new international partnerships and several policy actions aimed at keeping port operations stable. The overall picture is a mix of progress, caution, and an industry that is slowly repositioning itself for better efficiency. Ports remain central to Nigeria’s economy. They
- [Exploring the Fourth Step of Abraham Maslow’s Hierarchy of Needs: Esteem Needs](https://www.thevaluechainng.com/exploring-the-fourth-step-of-abraham-maslows-hierarchy-of-needs-esteem-needs/): By Anastasia Adaeze As the calendar turns and January 2026 unfolds, there is a subtle but unmistakable shift in the air. The world itself may look the same, yet something within feels renewed. This is not the rush of unrealistic resolutions or the pressure to reinvent everything overnight. It is a quieter readiness, a sense
- [Autism: Experts Call for Cultural Reorientation](https://www.thevaluechainng.com/autism-experts-call-for-cultural-reorientation/): By Adaobi Rhema Oguejiofor Autism is a lifelong neurodivergence with a huge impact on a patient’s education, employment, and relationships. It affects daily life through challenges with social communication, sensory processing, and executive function. Across Nigeria, families navigating autism often face stigma long before they can access proper care. Health specialists say that a cultural
- [Nigeria International Energy Summit (NIES): The Strategic Confluence Where Africa’s Energy Future Meets Global Capital](https://www.thevaluechainng.com/nigeria-international-energy-summit-nies-the-strategic-confluence-where-africas-energy-future-meets-global-capital/): In a world increasingly defined by the twin imperatives of energy security and sustainable economic growth, few platforms have risen with the authority, consistency, and strategic clarity of the Nigeria International Energy Summit (NIES). At a time when global markets are recalibrating supply chains, rethinking transition pathways, and rebalancing capital flows, NIES stands as Africa’s
- [The Ghost in the Pipes: Can Ogoni Ever Breathe Again?](https://www.thevaluechainng.com/the-ghost-in-the-pipes-can-ogoni-ever-breathe-again/): The air in Bodo hasn’t changed much in thirty years. It still carries that heavy, metallic tang, the scent of a landscape marinating in its own wealth and its own ruin. But lately, a new sound has begun to vibrate through the mangrove roots: the mechanical hum of “re-entry.” After decades of a forced, bloody
- [“Gas Must Deliver Prosperity to Nigerians — That’s the President’s Directive” — Ed Ubong](https://www.thevaluechainng.com/gas-must-deliver-prosperity-to-nigerians-thats-the-presidents-directive-ed-ubong/): As Nigeria enters a decisive stretch in its long-declared Decade of Gas, the signals from the sector are beginning to shift from aspiration to measurable progress. By the end of 2025, national gas production had climbed to 7.5 billion cubic feet per day (bcfd), while domestic supply has, for the first time in history, crossed
- [$200 Million Agri Financing Could Reshape Nigeria’s Agro-Processing Sector](https://www.thevaluechainng.com/200-million-agri-financing-could-reshape-nigerias-agro-processing-sector/): By Ese Ufuoma Nigeria is taking another step toward turning its agricultural potential into an industrial reality. The African Development Bank (AfDB) approved a $200 million financing tranche in December 2025 to expand the country’s Special AgroIndustrial Processing Zones (SAPZ) program, a strategic initiative designed to industrialise agriculture by integrating farming, processing, and markets. The
- [Awodi-07 Discovery: Nigeria’s Offshore Potential Shines Again](https://www.thevaluechainng.com/awodi-07-discovery-nigerias-offshore-potential-shines-again/): By William Emmanuel Ukpoju In a significant milestone for Nigeria’s upstream oil sector, Chevron and the Nigerian National Petroleum Company Limited (NNPC Ltd) have announced a major hydrocarbon discovery offshore the Niger Delta. Reported by Upstream Online on 26 January 2026, the find comes from the Awodi-07 well, which not only appraised a previous discovery
- [Subsidy Cut, Borrowing Continues: The Paradox of Nigeria’s Finances](https://www.thevaluechainng.com/subsidy-cut-borrowing-continues-the-paradox-of-nigerias-finances/): By William Emmanuel Ukpoju Nigeria, Africa’s largest oil producer, has long struggled with the paradox of wealth and want. Every year, billions of dollars in oil revenue flow into the federal treasury, yet ordinary Nigerians see little improvement in their daily lives. The latest economic assertion from Senator Olamilekan Adeola of Ogun West has reignited
- [$20bn or Bust: Tinubu Puts His Reform Credibility on the Line with Shell](https://www.thevaluechainng.com/20bn-or-bust-tinubu-puts-his-reform-credibility-on-the-line-with-shell/): By Danlami Nasir Isah With a May 2027 deadline and bespoke fiscal incentives in place, Shell’s long-delayed Bonga South West Aparo project has become a referendum on policy stability, investor confidence and Nigeria’s ability to compete for scarce global upstream capital. When President Bola Tinubu told Shell’s global chief executive, Wael Sawan, that Bonga South
- [How Gas-to-Energy Projects Could Transform Nigeria’s Electricity Sector in 2026](https://www.thevaluechainng.com/how-gas-to-energy-projects-could-transform-nigerias-electricity-sector-in-2026/): By Ese Ufuoma For a country that sits on one of the largest natural gas reserves in the world, Nigeria’s darkness has always felt like a cruel irony. Streetlights flicker off before midnight, factories hum briefly before generators take over, and households plan their lives around power outages that arrive without warning. Yet beneath this
- [Venezuela Crisis Shakes Global Oil Market](https://www.thevaluechainng.com/venezuela-crisis-shakes-global-oil-market/): By Ese Ufuoma In energy markets, relevance is not measured only by barrels produced but by the uncertainty introduced. Venezuela, once a major global oil supplier, now produces less than a million barrels per day, yet its crisis continues to command the attention of traders, refiners, and policymakers alike. The reason is simple: few countries
- [Evaluating Nigeria’s N60.97 Trillion Oil Revenue Projection](https://www.thevaluechainng.com/evaluating-nigerias-n60-97-trillion-oil-revenue-projection/): By Ese Ufuoma Nigeria’s 2026 fiscal ambitions are anchored to a number that is as bold as it is consequential: N60.97 trillion in projected oil revenue. It is a figure that towers above previous evaluations, now sits at the heart of the federal government’s budget framework, promising relief for strained public finances while quietly reopening
- [NIES 2026: Unleashing Africa’s Energy Revolution – Where Bold Vision Meets Bankable Reality](https://www.thevaluechainng.com/nies-2026-unleashing-africas-energy-revolution-where-bold-vision-meets-bankable-reality/): By Silverline Ifeanyi Onyeabor Abuja is gearing up to host the most decisive energy gathering on the continent when the Nigeria International Energy Summit (NIES) 2026 returns from 2–5 February 2026. Under the powerful theme “Energy for Peace and Prosperity: Securing Our Shared Future”, this is no ordinary conference. It is Africa’s premier platform where
- [Venezuela’s Crisis Poses Risks to Nigeria’s N58 Trillion 2026 Budget, Enang Warns](https://www.thevaluechainng.com/venezuelas-crisis-poses-risks-to-nigerias-n58-trillion-2026-budget-enang-warns/): Advocates fiscal prudence, disciplined spending and accelerated non-oil revenue growth Dr. Wisdom Enangis a senior analyst and policy consultant operating at the intersection of energy, fiscal policy, and economic strategy. He is a UK-trained Chartered Engineer and Fellow of both the Nigerian Society of Engineers and the Nigerian Institute of Safety Engineers, who advises governments,
- [SAIPEC 2026: Ten Years Strong](https://www.thevaluechainng.com/saipec-2026-ten-years-strong/): By Silverline Ifeanyi Onyeabor The Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) has confirmed the first series of speakers for its landmark 10th Anniversary programme, setting the tone for a milestone edition that reflects a decade of sustained pan-African leadership in the oil, gas and wider energy sector. Announced on 12 January 2026, the
- [Nigeria’s Local Content Gamble: The Final Push to 70%](https://www.thevaluechainng.com/nigerias-local-content-gamble-the-final-push-to-70/): By Gideon Osaka Nigeria’s local content journey has entered its most decisive phase. From a modest 26% at inception to 61% by late 2025, the Nigerian Content Development and Monitoring Board (NCDMB) has quietly reshaped the structure of the oil and gas industry, building indigenous capacity, enforcing compliance, and turning policy into industrial execution. Now, with
- [Nigeria’s Oil and Gas Industry in 2026: Consolidation, Value Creation, and the Imperative of Governance](https://www.thevaluechainng.com/nigerias-oil-and-gas-industry-in-2026-consolidation-value-creation-and-the-imperative-of-governance/): Introduction Nigeria’s oil and gas sector has long been characterized by policy instability, import dependence, and persistent governance challenges. At this critical juncture, however, the sector’s trajectory is being shaped less by new discoveries or ambitious production targets and more by strategic choices around industry structure, incentives, and institutional conduct. As 2026 dawns, emerging developments
- [Eyesan Declares AFRIPERF Central To Africa’s Energy Future](https://www.thevaluechainng.com/eyesan-declares-afriperf-central-to-africas-energy-future/): By Danlami Nasir Isah The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has called for the strengthening of the African Petroleum Regulators’ Forum (AFRIPERF) as a critical platform for harmonising energy regulation across the continent and unlocking large-scale investment in Africa’s oil and gas sector. The NUPRC boss
- [SNEPCo begins Turnaround Maintenance at Bonga to extend asset life](https://www.thevaluechainng.com/snepco-begins-turnaround-maintenance-at-bonga-to-extend-asset-life/): By Saidu Abubakar Shell Nigeria Exploration and Production Company Limited (SNEPCo) has commenced a turnaround maintenance activity at the Bonga Floating Production Storage and Offloading (FPSO) vessel. The exercise is a statutory and integrity assurance programme aimed at extending the life of the facility. SNEPCo's Communications Manager, Gladys Afam-Anadu said in a statement quoting Managing
- [Oyedele Establishes Filing Deadline For   Employers, Individuals Tax Returns](https://www.thevaluechainng.com/oyedele-establishes-filing-deadline-for-employers-individuals-tax-returns/): The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has urged Nigerians to file their annual tax returns, emphasising that both employers and individuals must comply with the law. He made the call on Friday during a webinar organised for HR managers, payroll officers, CFOs, and tax managers in collaboration
- [Soludo Orders Immediate Remodelling of Onitsha Main Market](https://www.thevaluechainng.com/soludo-orders-immediate-remodelling-of-onitsha-main-market/): Anambra State Governor Chukwuma Soludo has directed the immediate remodelling of the Onitsha Main Market, calling the decision “hard but necessary” to revive what he described as a once-thriving commercial hub now “literally dead." Speaking to traders and stakeholders at the Light House in Awka on Friday, January 30, 2026, Soludo blamed the market’s decline
- [NNPC Unveils Gas Master Plan 2.0](https://www.thevaluechainng.com/nnpc-unveils-gas-master-plan-2-0/): ...Milestone Represents Nigeria’s Dev’t Aspirations, Says Ekpo By Saidu Abubakar As part of ongoing efforts to reposition Nigeria’s gas sector as the engine room of national industrialisation, energy security, and sustainable economic growth, the Nigerian National Petroleum Company Limited (NNPC) has officially unveiled its Gas Master Plan (GMP) 2026, tagged NGMP 2026. A statement by
- [NUPRC assures investors of transparent, competitive licensing round for 50 oil blocks](https://www.thevaluechainng.com/nuprc-assures-investors-of-transparent-competitive-licensing-round-for-50-oil-blocks/): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has assured prospective investors of a transparent, merit-based and competitive process for Nigeria’s 2025 Oil and Gas Licensing Round. The commission said that only applicants with strong technical, financial credentials, professionalism and credible plans would proceed to the critical stage of the bidding process. The commission Chief Executive,
- [Soludo Threatens Anambra Market Revocation](https://www.thevaluechainng.com/soludo-threatens-anambra-market-revocation/): Governor Chukwuma Soludo has threatened to revoke shops and properties in Onitsha Main Market and other markets over continued Monday closures. Soludo spoke on Wednesday at a media conference on his administration’s determination to end the sit-at-home culture in Anambra. He said there was “no going back”, stressing that markets must open on Mondays in
- [NNPC Commends Chevron Nigeria on Successful Awodi-07 Discovery](https://www.thevaluechainng.com/nnpc-commends-chevron-nigeria-on-successful-awodi-07-discovery/): By Saidu Abubakar The Nigerian National Petroleum Company Limited (NNPC) has congratulated Chevron Nigeria Limited (CNL), operator of the NNPC Ltd/CNL Joint Venture, on the successful completion of the Awodi-07 appraisal and exploration well located in the shallow offshore western Niger Delta. NNPC's Chief Corporate Communications Officer, Andy Odeh said in a statement that the
- [AGF takes over ICPC’s alleged fraud case against Mike Ozekhome](https://www.thevaluechainng.com/agf-takes-over-icpcs-alleged-fraud-case-against-mike-ozekhome/): The Attorney-General of the Federation, AGF, and Minister of Justice, Prince Lateef Fagbemi, SAN, has got the go ahead of the High Court of the Federal Capital Territory to review the case file of the fraud charges brought against Professor Mike Ozekhome, SAN, by the Independent Corrupt Practices and Other Offences Related Commission, ICPC. Consequently,
- [Sit-At-home: Soludo Shuts Down Onitsha Main Market](https://www.thevaluechainng.com/breaking-sit-at-home-soludo-shuts-onitsha-main-market/): ...Threatens One-Month Closure In a decisive move to curb what the Anambra State Government has described as economic sabotage, Governor Chukwuma Soludo has ordered the immediate shutdown of Onitsha Main Market. It was gathered that the closure is for one week. It was equally gathered that the closure of the market was in response to
- [How withholding tax enforcement spiked banks’ charges](https://www.thevaluechainng.com/how-withholding-tax-enforcement-spiked-banks-charges/): There is widespread concern among banks’ customers over charges imposed by deposit money banks amidst the implementation of the new tax law. While the Nigerian Revenue Service (NRS) had assured that nothing has changed with the financial services, there have been rising complaints over what some banks’ customers called hidden charges. Some Nigerians who spoke
- [Tax Ombud to restore voluntary compliance among taxpayers](https://www.thevaluechainng.com/tax-ombud-to-restore-voluntary-compliance-among-taxpayers/): The Office of the Tax Ombud has assured Nigerian taxpayers of improved protection and fair treatment as it implements guidelines designed to safeguard taxpayer rights, strengthen trust, and enhance voluntary tax compliance. This assurance followed a meeting held recently in Abuja at the office of the Chief Executive Officer of the Office of the Tax
- [Court Orders 48 Nigerians To Report To DSS Over Alleged Fraud](https://www.thevaluechainng.com/court-orders-48-nigerians-to-report-to-dss-over-alleged-fraud/): A Federal High Court sitting in Lagos has ordered 48 individuals across Nigeria to report to the Department of State Services (DSS) in Shangisha, Lagos, over allegations of fraud and unlawful financial transactions. Naija News reports that the court directive, issued on January 12, 2026, was made public under Suit No: FHC/L/MISC/649/2025, in connection with the case between
- [SERAP Sues Adelabu, NBET Over ‘Failure To Account For Missing N128bn In Power Ministry’](https://www.thevaluechainng.com/serap-sues-adelabu-nbet-over-failure-to-account-for-missing-n128bn-in-power-ministry/): Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Minister of Power Mr. Adebayo Adelabu and Nigerian Bulk Electricity Trading Plc., (NBET), Abuja “over the failure to account for the missing or diverted N128 billion of public funds from the Ministry of Power and NBET.” The grave allegations are documented in the latest annual report published
- [IMF chief sees global GDP growth as ‘beautiful but not enough’ to handle ‘the debt that is hanging around our necks’](https://www.thevaluechainng.com/imf-chief-sees-global-gdp-growth-as-beautiful-but-not-enough-to-handle-the-debt-that-is-hanging-around-our-necks/): Leading global economic policymakers at the World Economic Forum in Davos urged countries and businesses to filter out the turmoil from a week of clashes with the Trump administration and focus on boosting growth and fighting inequality in a world where trade will continue to flow and international cooperation is still badly neede. The global economy is
- [Official: US withdraws from World Health Organisation](https://www.thevaluechainng.com/__trashed-5/): The United States has formally completed its withdrawal from the World Health Organisation (WHO), citing the global health body’s mishandling of the COVID-19 pandemic, lack of reforms, and political interference by member states. The move, announced jointly by Health and Human Services Secretary Robert F. Kennedy, Jr. and Secretary of State Marco Rubio, follows President
- [Shell plans fresh $20bn investment in Nigeria, NNPC — Ojulari](https://www.thevaluechainng.com/shell-plans-fresh-20bn-investment-in-nigeria-nnpc-ojulari/): …says renewed confidence in Tinubu’s reforms driving fresh oil, gas investments … Shell targets Bonga Southwest, deepwater and gas projects as global capital competition intensifies Global energy giant Shell Plc has indicated plans to invest up to $20 billion more in Nigeria over the next couple of years, signalling renewed confidence in the country’s oil
- [CBN’s N1.15trn Treasury Bill Auction Puts Yields Under Pressure](https://www.thevaluechainng.com/cbns-n1-15trn-treasury-bill-auction-puts-yields-under-pressure/): …Banks, Asset Managers To Demand Higher Pricing At Auction Analysts have projected a mild upward movement in Nigeria’s treasury bill (T-bill) yields, particularly at the longer end of the curve, as the Central Bank of Nigeria (CBN) conducts a N1.15trn Primary Market Auction (PMA) amid rising government funding pressures. The auction, which is the CBN’s
- [Nigeria, Other African Countries Get €557 As EU Announces €1.9bn Humanitarian Aid Budget For 2026](https://www.thevaluechainng.com/nigeria-other-african-countries-get-e557-as-eu-announces-e1-9bn-humanitarian-aid-budget-for-2026/): Nigeria’s North-West region is in focus as the European Union on Wednesday announced a grant of €557 million in humanitarian aid to African countries for 2026. The amount, which excludes a separate €14.6 allocated to North Africa, is part of the initial €1.9 billion humanitarian aid budget announced by the European Commission for the year.
- [Billionaires,   Millionaires Demand Davos Leaders To Tax Them More](https://www.thevaluechainng.com/billionaires-millionaires-demand-davos-leaders-to-tax-them-more/): While the wealthiest business leaders from U.S. president Donald Trump to Nvidia CEO Jensen Huang touch down in the Swiss town of Davos to discuss the state of the world, a cohort of the ultra-rich are already sounding the alarm. Hundreds of millionaires and billionaires released an open letter in time for the World Economic Forum, calling on leaders attending the conference to fight
- [Greenland rare earths mining company stock spikes nearly 150% on Trump ‘trepidation’](https://www.thevaluechainng.com/greenland-rare-earths-mining-company-stock-spikes-nearly-150-on-trump-trepidation/): President Donald Trump’s escalating rhetoric on seizing Greenland and reigniting a trade war with Europe is creating anxiety worldwide, but it’s also drawing attention to New York-based Critical Metals and its massive rare earths mining project near the southern tip of the world’s largest island. Critical Metals, which is developing the Tanbreez rare earths project, has seen
- [MRS Stations Maintain ₦739 Benchmark Amid Rising Imports](https://www.thevaluechainng.com/mrs-stations-maintain-₦739-benchmark-amid-rising-imports/): Nigeria’s downstream petroleum sector is currently grappling with a significant price divide, as MRS filling stations nationwide maintain a ₦739 per litre benchmark while competitors sell as high as ₦930. This ₦191 disparity, highlighted in reports on Monday, January 19, 2026, is largely driven by a strategic partnership between the Dangote Petroleum Refinery and MRS
- [Total of 11 ships arrive at Lagos ports with cargo including aviation fuel, petrol, others](https://www.thevaluechainng.com/total-of-11-ships-arrive-at-lagos-ports-with-cargo-including-aviation-fuel-petrol-others/): No fewer than 11 ships have arrived Lekki, Tincan and Apapa ports in Lagos, waiting to discharge crude oil, bulk urea, petrol, diesel and bulk gas. The Nigerian Ports Authority, NPA, disclosed this in its publication called ‘Shipping Position’, a copy of which was made available to the News Agency of Nigeria on Wednesday in
- [Oil swings as traders weigh Greenland crisis and supply outlook](https://www.thevaluechainng.com/oil-swings-as-traders-weigh-greenland-crisis-and-supply-outlook/): *Brent for March settlement added 0.8% to $64.47 a barrel at 12:07 p.m. in London Oil swung between small gains and losses as traders weighed the fallout from the US push for Greenland. Brent traded near $64 a barrel. President Donald Trump unleashed fresh social media attacks against allies, with European leaders signaling a strong response to
- [Nigeria’s Oil Production Declines By 8.3% ...As Iledare Reacts](https://www.thevaluechainng.com/nigerias-oil-production-declines-by-8-3-as-iledare-reacts/): Nigeria’s crude oil production, including condensate, declined sharply by 8.3 per cent year-on-year to 1.544 million barrels per day in December 2025, according to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The figure represents a drop from the 1.684 million barrels per day recorded in the corresponding period of 2024, highlighting persistent
- ['10 Out of 14 Demands Of Workers Met, Remaining 4 Being Addressed'](https://www.thevaluechainng.com/10-out-of-14-demands-of-workers-met-remaining-4-being-addressed/): The Federal Capital Territory Administration (FCTA) has said that 10 out the 14 demands of the workers that are on strike have been met, adding that other demands are being looked into with a view to addressing them. Lere Olayinka, Senior Special Assistant on Public Communications and Social Media to the Hon. Minister of the
- [FG Allocates N1.1trn for Power Sector in 2006 Appropriation Bill](https://www.thevaluechainng.com/fg-allocates-n1-1trn-for-power-sector-in-2006-appropriation-bill/): The Federal Government has allocated over N1.1 trillion to the power sector in the 2026 Appropriation Bill, an amount higher than the N900 billion budgeted for the sector in 2025. However, stakeholders have raised concerns as no part of the allocation is explicitly earmarked for electricity tariff support or subsidy payments, which operators say is
- [NUPRC Slams Operators With N10bn Fine Via Real-Time Flare Monitoring](https://www.thevaluechainng.com/nuprc-slams-operators-with-n10bn-fine-via-real-time-flare-monitoring/): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has ramped up real-time flare monitoring via advanced metering infrastructure, issuing over ₦10 billion in fines last year alone, reaffirming its commitment to eradicating routine gas flaring as a pillar of Nigeria’s gas-powered economy by 2030. Mrs. Oritsemeyiwa Eyesan, NUPRC Chief Executive, met with the Minister of State
- [With Increased Macroeconomic Stability, Total Value of Stocks On NGX Hit N149.7tn](https://www.thevaluechainng.com/with-increased-macroeconomic-stability-total-value-of-stocks-on-ngx-hit-n149-7tn/): The Nigerian Exchange Limited (NGX) closed 2025 on a strong note as the total market value of listed equities, debt instruments, and Exchange Traded Funds (ETFs) soared to an unprecedented N149.7 trillion, buoyed by renewed investor confidence, improved macroeconomic stability, and the federal government's increased use of the capital market to raise funds. The figure
- [Ojulari Highlights NNPC's 2025 Milestones, Charts Pathway for 2026](https://www.thevaluechainng.com/ojulari-highlights-nnpcs-2025-milestones-charts-pathway-for-2026/): *Says deeper trust among employees and stakeholders will define the company's future The Group Chief Executive Officer (GCEO) of NNPC Limited, Mr. Bashir Bayo Ojulari, has said that the company is entering 2026 with a collaborative and purpose-driven focus aimed at strengthening unity, accountability, and shared responsibility across the organisation. Ojulari made this known in
- [After Subsidy Was Removed, States Began Receiving More Money, What Are Govs Doing With Them? – Farouk](https://www.thevaluechainng.com/after-subsidy-was-removed-states-began-receiving-more-money-what-are-govs-doing-with-them-farouk/): During an interview on Trust TV, former Director-General of the National Orientation Agency, Idi Farouk, drew attention to the financial implications of fuel subsidy removal and the responsibilities it has placed on state governments. His comments came amid growing public scrutiny over how increased revenues are being managed at the sub national level. Farouk noted
- [MDAs allocate billions for stationeries despite paperless operation](https://www.thevaluechainng.com/mdas-allocate-billions-for-stationeries-despite-paperless-operation/): Despite the recent launch of paperless operations by the Federal Government through the Head of Civil Service of the Federation, many ministries, departments and agencies allocated huge sums of money running into billions of naira for office stationeries, analysis of the 2026 budget has shown. No fewer than 12 Ministries analysed by Daily Trust allocated
- [Seplat Energy backs NGX’s net-zero drive, to end gas flaring](https://www.thevaluechainng.com/seplat-energy-backs-ngxs-net-zero-drive-to-end-gas-flaring/): Seplat Energy Plc at the weekend reiterated that oil and gas will continue to play a critical role in Nigeria’s energy mix, while stressing the need for operators to conduct their activities responsibly, efficiently, and sustainably. The oil firm also vowed that routine gas flaring would soon be a thing of the past, saying it
- [Oil steadies with Iran and Trump’s Greenland threat to the fore](https://www.thevaluechainng.com/oil-steadies-with-iran-and-trumps-greenland-threat-to-the-fore/): Oil steadied as tensions over Iran cooled and wider markets had a risk-off tone with President Donald Trump’s push to take Greenland. Brent traded near $64 a barrel, while West Texas Intermediate was above $59. While there wasn’t a ratcheting up of tensions in Iran over the weekend, Supreme Leader Ayatollah Khamenei said several thousand
- [SON, NMDPRA certify use of lubricant product](https://www.thevaluechainng.com/son-nmdpra-certify-use-of-lubricant-product/): Standards Organisation of Nigeria (SON) and Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have certified the use of the synthetic lubricant product PIBREUM SN-9000 5W-30. The product launched by a downstream oil and gas company, Pinnacle Oil and Gas Limited was designed to deliver superior engine performance and protection. According to a statement, the
- [Moniepoint to build Africa’s tech talent pipeline](https://www.thevaluechainng.com/moniepoint-to-build-africas-tech-talent-pipeline/): Moniepoint Inc has restated its commitment to help in building the tech talent pipeline in Nigeria and other parts of the continent. Co-Founder and Chief Technology Officer, Moniepoint Inc, Felix Ike, who gave the commitment when the company announced the opening of applications for the second cohort of its flagship DreamDevs initiative, said the transformative
- [FAAC disbursement surges by 30% to N33.27trn in 11 months](https://www.thevaluechainng.com/faac-disbursement-surges-by-30-to-n33-27trn-in-11-months/): The total allocation from the Federation Account to the federal, state, and local governments increased significantly to N33.27 trillion in the first eleven months (January–November) of 2025, representing a 30 per cent increase compared with N25.46 trillion disbursed during the same period in 2024. According to the monthly Federation Accounts Allocation Committee (FAAC) disbursement report
- [Gas, Petrol supplies improve as stocks, LPG output rise -NMDPRA](https://www.thevaluechainng.com/gas-petrol-supplies-improve-as-stocks-lpg-output-rise-nmdpra/): The latest fact sheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Thursday has shown there was improved petrol availability, rising cooking gas output and increased stock sufficiency in December 2025. Data from the NMDPRA Fact Sheet: State of the Midstream and Downstream Sector (December 2025) show that Premium Motor Spirit
- [Dangote Refinery Boosts Petrol Supply by 64% After Farouk's Exit](https://www.thevaluechainng.com/dangote-refinery-boosts-petrol-supply-by-64-after-farouks-exit/): Nigeria’s domestic petrol supply from the Dangote Petroleum Refinery and Petrochemicals has surged by about 64 per cent to an average of 32 million litres per day, following operational improvements at the facility, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Figures contained in the NMDPRA’s December 2025
- [BREAKING: Nigeria’s Inflation Rises To 15.15% In December](https://www.thevaluechainng.com/breaking-nigerias-inflation-rises-to-15-15-in-december/): Nigeria’s inflation rate rose to 15.15 per cent in December 2025, up from 14.45 per cent in November. This is according to the latest Consumer Price Index and inflation data by the National Bureau of Statistics released on Thursday. The data showed that the country’s inflation spiked by 0.7 per cent on a month-to-month basis.
- [Nigeria’s N152trn Debt Not Reckless Borrowing, Says Finance Minister](https://www.thevaluechainng.com/nigerias-n152trn-debt-not-reckless-borrowing-says-finance-minister/): Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has defended the country’s rising public debt figure of N152tn, insisting it does not reflect reckless borrowing but improved transparency, foreign exchange reforms and better fiscal reporting. Edun made the clarification on Thursday in Lagos while delivering his first keynote address of
- [Uba Sani, Minister meet on poultry project ground breaking](https://www.thevaluechainng.com/uba-sani-minister-meet-on-poultry-project-ground-breaking/): Governor Uba Sani has reiterated that the proposed $200 million Mega Poultry Project will generate over USD $450 million annually, create more than 350,000 direct and indirect jobs in Kaduna State. The Governor further pointed out that the project will strengthen food security, empower smallholder farmers and position Kaduna State as a leading hub of

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