Valuechain - Nigeria's foremost Online Energy News Platform

Nigeria’s oil production increased in March to 1.73 million barrels per day (bpd) despite efforts by Organisation of Petroleum Exporting Countries (OPEC) to hold back output as part of measures to rein in global oversupply and bolster…
Read More...

The Department of Petroleum Resources (DPR) says it has sealed 14 fuel service stations in Sokoto and Kebbi states for selling above control price and suspected diversion of products. Mr Muhammad Makera, the Zonal Operations Controller…
Read More...

Anti-corruption crusaders have urged the Economic and Financial Crimes’ Commission, EFCC, to seize former Nigerian minister of petroleum, Dan Etete’s $56 million private jets over his connection to the $1.1 billion oil scam deal…
Read More...

The Federation Account Allocation Committee (FAAC) disbursed the sum of N619.86bn to the three tiers of government in March 2019. This is revealed in the latest FAAC report released by the National Bureau of Statistics (NBS). The…
Read More...

-By Yange Ikyaa The Director of Petroleum Resources DPR, Mr. Mordecai Danteni Baba Ladan has received an award for “Commendable Leadership in the Public Sector” from TEXEM UK. Paul Osu, who is the Head of Public Affairs at DPR…
Read More...

Ndu Ughamadu, the group general manager, group public affairs division of the Nigerian National Petroleum Corportation, NNPC has disclosed that the corporation does not inflate or doctor records of its petroleum products importation into…
Read More...

The federal government has described as laudable the call for subsidy removal by the International Monetary Fund (IMF). The Minister of Finance, Mrs Zainab Ahmed gave the nod while responding to the call by the Bretton Woods on Thursday…
Read More...

The Nigerian National Petroleum Corporation (NNPC) has urged Nigerians to disregard rumours of an impending scarcity of petrol in the country. In a statement issued by Ndu Ughamadu, NNPC spokesman on Thursday, the corporation said such…
Read More...

The Minister of Finance, Mrs. Zainab Ahmed, has said the Federal Government will look into gradual removal of fuel subsidy as part of strategies to boost revenue. Ahmed said this on Thursday on the sideline of the IMF/World Bank…
Read More...

Group Managing Director of the Nigeria National Petroleum Company (NNPC), Dr. Maikanti Baru, yesterday expressed the hope that completion of the ongoing rehabilitation of the nation’s refineries in Port-Harcourt, Kaduna and Warri would…
Read More...