Valuechain - Nigeria's foremost Online Energy News Platform

The Federal Government has distanced itself from the recent increase in fuel prices, citing the Nigerian National Petroleum Company Limited’s (NNPCL) decision to raise prices in response to prevailing market conditions.The price hike,…
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Nigeria’s  oil and gas industry remains a cornerstone of the country’s economy, with oil terminals commonly referred to as tank farms serving as crucial hubs for the storage and distribution of petroleum products. These facilities not…
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Nigerians are reacting negatively to the increase of Premium motor spirit, PMS otherwise known as fuel by the President Bola Tinubu administration a few weeks after an initial increase. The Nigerian National Petroleum Company, NNPC…
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NIGERIA’s external debt is the largest amongst all sub-Saharan African nations, despite the fact that it received debt waivers from the Paris Club, London Club or from Independent Creditors. The arrears of this debt have accumulated…
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The World Bank has approved $1.57 billion for three new projects in Nigeria, aimed at helping the country address governance challenges in the education and healthcare sectors. Others are improving primary healthcare services as…
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Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has denied instructing the Nigerian National Petroleum Resources (NNPC) to halt it's refinery's operations and focus solely on equity investment in other…
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…Nigeria can save Africa $17bn petrol import bill- Dangote The bold step by the federal government for full deregulation of the downstream sector is seen to address the recurrent petrol shortages that have plagued Africa’s biggest…
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The federal government has introduced a new website that allows users to convert their petrol-powered vehicles to compressed natural gas (CNG) and opt for a pay-later option for the conversion costs. This is contained in a statement…
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The oil market slowed down by more than 4 per cent on Tuesday following news of a possible ceasefire between Hezbollah and Israel. This shrank the price of Brent crude by $3.75 or 4.63 per cent to $77.18 a barrel and weakened the US…
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According to reports, Major oil marketers are set to begin direct purchases of Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery starting between Thursday and next week, following the Nigerian National Petroleum Company…
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