Valuechain - Nigeria's foremost Online Energy News Platform

Although Nigeria has set a target of ending gas flaring by 2020, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, said the country’s infrastructure gap remain a critical challenge to government’s gas commercialisation…
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*The refineries have continued to be a drain to the economy The federal government’s Economic Recovery and Growth Plan (ERGP), which contains the road map for Nigeria’s economic development, has already failed in its target of revamping…
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It has been disclosed that no fewer than 120, 000 rice farmers in Kano State would benefit from the Federal Government’s Anchor Borrower programme for this year’s dry season farming. The state Chairman of the Rice Farmers Association of…
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Crude oil prices climbed for a fifth session in a row to hit $58 yesterday, rallying from last December 2018’s 18-month low, thanks to the production cuts by the Organisation of Petroleum Exporting Countries (OPEC) and more stable equity…
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Amid cautious economic projections for the nation’s economy by experts in the new year, Edo State Governor, Mr Godwin Obaseki, has assured that the recent addition of Egina production facility to the bouquet of income streams in the…
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Stakeholders in the oil and gas sector yesterday said implications of the resumption of hostility against oil facilities in the Niger Delta by militants may cripple implementation of the nation’s budget benchmarked at $60 per barrel and…
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The United Nations says Nigeria lost an estimated 2.8 billion dollars in revenues in 2018, mainly due to oil-related crimes. This is according to a new ‘Report by the Secretary-General on the activities of the United Nations Office for…
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The Nigerian National Petroleum Corporation (NNPC) has affirmed that it is keen on meeting its December 2019 deadline proposed by the Federal Government to end the importation of petroleum products. This will be a progress, seeing…
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The Nigerian Employers’ Consultative Association (NECA) has urged the Federal Government to remove fuel subsidy, which has become a conduit pipe for the misappropriation of funds. It argued that it subsidy was not sustainable, as the…
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Following media reports that daily subsidy payouts by the government had hit N2.43 billion, the Petroleum Products Pricing Regulatory Agency (PPPRA) on Monday debunked the claims, saying it had not computed subsidy claims since 2015. …
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