Valuechain - Nigeria's foremost Online Energy News Platform

The latest foreign trade data show that Nigeria recorded a trade balance of N6.52 trillion in the second quarter of this year, according to the National Bureau of Statistics (NBS). Expectedly, President Bola Tinubu seized on the figure…
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Nigeria is cuddling up to two key points to deliver gas to countries in Europe as the country advances towards export of gas under its gas export target. The first route is through Algeria, and this is a very likely route as the…
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Nigeria’s external reserves, which represent the country’s stock of foreign currency, have reached a 22-month high of $37.39 billion as of September 19, 2024. Data from the Central Bank of Nigeria (CBN) revealed that as of September…
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Libya continues to offer the cheapest petrol in Africa, with the price of octane-95 gasoline (petrol) standing at 0.15 Libyan Dinar per litre, equivalent to approximately $0.032 or N52 as of September 16, 2024. This is according to…
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President Bola Tinubu has called on Nigerians to remain patient despite the high cost of living, stating that the country can no longer expect “a free bowl” without addressing its economic challenges. The President made this remark…
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President Bola Tinubu has said that the removal of fuel subsidy has helped reduced Nigeria’s petrol daily consumption from several millions of liters to about 30 million liters. He made this statement on Thursday during a meeting…
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Nigeria's rising fuel prices have raised public concerns, with many blaming local producers like Dangote Refinery. However, OPEC emphasizes that taxes imposed by major oil-consuming nations are primarily responsible. OPEC's…
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*Company admits owing oil traders   *Experts allege creative accounting, fraud in NNPC report  *Fuel price surges as scarcity bites harder *NNPC Towers, Central Business District, Abuja At what it termed a world press conference on…
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*NO WONDER THEY DO NO WANT DANGOTE REFINERY. Here’s a breakdown of the costs that make up the landing cost of Premium Motor Spirit (PMS), also known as petrol, in Nigeria, totaling N1107 per liter: 1. FOB cost: N434.322. Freight…
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By Adaobi Rhema Oguejiofor Aradel Holdings, a leading independent integrated Oil & Gas firm, has announced its support and participation at the upcoming Young Professionals (YP) Port Harcourt Mentoring Programme. The…
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