Valuechain - Nigeria's foremost Online Energy News Platform

For the first time in 2019, the price of oil has risen from $60.00 to $62.70 per barrel as Organisation of Petroleum Exporting Countries, OPEC, intensifies efforts to withdraw excess oil from the volatile market. Specifically, the…
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In an effort to further consolidate the revenue profile of the Nigeria National Petroleum Corporation (NNPC), the Group Managing Director (GMD) Dr. Maikanti Baru and his management team have taken audacious steps to double investments base…
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The Federal Government will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertilizer projects come on stream. This potential reversal of roles was disclosed by the…
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Efforts to block leakages in the oil and gas sector got a boost at the weekend as the Nigerian National Petroleum Corporation (NNPC) sought effective collaboration with members of the African Union of Transportation and Logistics…
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The largest single train refinery in the world, Dangote Refinery, will commence operations in April 2020, according to the President of Dangote Group, Aliko Dangote. Speaking with journalists in Lagos at the weekend during an inspection…
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*Oil to trade between $55 and $60pb in 2019 ...Agriculture to sustain non-oil sector growth in 2019 Meristem Research, in its 2019 Outlook, has indicated that improved activities across major sectors kept the Nigerian economy on the…
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The Major Oil Marketers Association of Nigeria, MOMAN at the weekend, said it would not established refinery in Nigeria for now due to the huge cost involved the nation’s harsh economic and the regulatory environment. The development,…
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The Nigerian National Petroleum Corporation (NNPC) and two oil companies in Nigeria are in talks over infusion of funds into NNPC that will be budgeted to develop oil leases that are operated by NNPC unit. NNPC is negotiating…
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The Nigerian Navy Ship (NNS) Delta said it has destroyed more than 134 illegal refining sites in Delta state in the last one and a half weeks. The Commander of the NNS Delta, Commodore Ibrahim Dewu, who disclosed this to journalists…
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Retired AVM Aliyu El-Rufai, the elder brother of Kaduna State governor Nasir El-Rufai is reported to have passed on today, Saturday. A statement by the governor’s spokesman, Samuel Aruwan, said the retired Air Vice Marshal died in…
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