Valuechain - Nigeria's foremost Online Energy News Platform

The Bayelsa State Security Council has prohibited the use of assets, personnel and security operatives on attachment to surveillance contractors of oil and gas firms for political activities in the state. The Secretary to the State…
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The strategic oil alliance led by Saudi Arabia and Russia, OPEC+, may lead to a stabilization of oil prices between $60-65 a barrel, according to a global commodities expert. Edward Morse, Global Head of Commodities Research at…
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The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has called for better collaboration among players in the Nigerian oil and gas industry. He also canvassed similar measures among…
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The Central Bank of Nigeria, CBN is supporting private enterprises in the country. It has got programmes that have given fillips to this administration’s special interventions. They are critical investments with some of them venture…
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President Muhammadu Buhari, being Nigeria’s substantive minister of petroleum resources, has approved the renewal of 22 expired and expiring oil blocks, from which the Department of Petroleum Resources (DPR) realised about $1 billion for…
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LEKOIL (AIM: LEK), the oil and gas exploration, development and production company with a focus on Africa, provides an update on OPL310 (the “Block”) with reference to the Company’s Application for a Declaration regarding Ministerial…
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The three tiers of the Nigerian government, consisting of Federal, States and Local Councils, on Friday shared about N649.198 billion as statutory allocations from Federation Account for December 2018. The allocation includes…
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In the Ago Egun Bariga area of Nigeria's commercial capital, Lagos, there is no road, no electricity, no running water and no rubbish collection. Now that high grass has blocked access to the water, there is no work either. The…
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The latest metering statistics from the Nigerian Electricity Management Services Agency has put the metering gap in the power sector at 5,323,433. NEMSA, in its 2018 metering statistics for Nigeria, said the total customer base in the…
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The federal government has given International Oil Companies (IOCs) operating in Nigeria’s deep offshore and inland basin a 14-day ultimatum to pay all outstanding revenues on Production Sharing Contracts (PSCs). The government said the…
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