Valuechain - Nigeria's foremost Online Energy News Platform

Few weeks ago, several media outlets in the country had announced with fanfare that a litre of fuel in Libya was the equivalent of N52 at a time, Nigerians were paying close to N1,000 for the same quantity of fuel. One national…
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Peter Obi, the Labour Party's presidential candidate for the 2023 elections, has raised important concerns about the National Nigerian Petroleum Company Limited (NNPC) and the confusion surrounding its regulation.  He explained that…
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The Nigerian Ports Authority (NPA) has announced that seven vessels are scheduled to berth at Lagos ports, with five of these ships carrying petroleum products, indicating the country’s continued high demand for fuel imports. …
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OPEC A halt in Libya’s oil production and improved compliance from OPEC’s second-largest producer Iraq pushed the total output of the OPEC+ group down by around 500,000 barrels per day (bpd) in September, according to the Platts OPEC+ …
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OPEC Headquarters The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia are known collectively as OPEC+ and will meet on June 2 to discuss their joint oil production policy. Below are key facts…
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Gbenga Komolafe, NUPRC Chief Executive. As Nigeria embarks on its 2024 Licensing Round, the combination of robust natural resources, competitive regulatory framework and strategic incentives has created a favorable environment for…
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Agu-Ejidike By Saidu Abubakar The Nigeria's Pillar of Sports, Chief Donatus Agu-Ejidike (JP) has hailed the Super Eagles of Nigeria for their deserved 1-0 victory over the Mediterranean Knights of Libya, in one of the Match-Day-3…
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Ekperikpe Ekoo The Federal Government's effort to boost the country's gas sector has received a significant boost with the signing of a Gas Sales and Purchase Agreement (GSPA) for the Brass Fertilizer and Petrochemical project in…
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Tommy Okon, a prominent figure in Nigeria’s oil and gas sector, shared his concerns about the ongoing subsidy removal and the larger economic issues that accompany it. According to Arise TV in a recent interview with Okon, he said…
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The Executive Board of the International Monetary Fund (IMF) has approved to lower the IMF’s borrowing costs for members by 36 per cent, or about 1.2 billion dollars annually. A statement, issued by the IMF Press Centre, said this…
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