Valuechain - Nigeria's foremost Online Energy News Platform

Afrobeat musician Seun Anikulapo-Kuti has berated President Bola Tinubu over his decision to remove fuel subsidy. He said contrary to the President’s claim that the removal of fuel subsidy was a “tough” decision he made for the…
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Oil prices soared in the global commodities market as refineries throughout the world began to cut run rates. Brent crude is trading 0.3% higher at $72.93 a barrel, while WTI, the US benchmark, is up 0.5% to $70.44. Oil prices have…
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The NNPC, on Monday, September 16, released pricing details for petrol, also known as premium motor spirit (PMS), produced by the Dangote Petroleum Refinery. Despite the euphoria that greeted the commencement of activities by the…
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Founder, Dangote Refinery, Aliko Dangote Although Dangote Refinery has started producing and distributing petrol in Nigeria, the Federal Government has said that marketers who have the necessary licence can still import the product. …
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The $550 million upstream gas project between the Nigerian National Petroleum Company Limited (NNPC Ltd.) and TotalEnergies on the development of the Ubeta field has commenced operations, the Presidency announced on Tuesday. The…
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The Ministry of Petroleum Resources (Gas) has clarified media reports from senior official of the Dangote Group that company abandoned a proposed 1,200km subsea gas pipeline due to government policies stating that government policies…
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Three major oil marketers in the country are expecting vessels of imported petrol this week despite the availability of petroleum from the local Dangote refinery. According to reports, the dealers said about 141 million litres of…
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The Nigeria Customs Service (NCS) has disclosed that increasing petrol smuggling is affecting the availability of the country’s foreign exchange (FX). This statement was made by Husseini Ejibunnu, Coordinator of the Operation…
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The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, says it is suicidal for Dangote Refinery to sell petrol below its production cost. Rewane stated this on Channels Television’s Business…
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The Centre for the Promotion of Private Enterprise (CPPE) says some powerful forces are bent on preserving fuel importation in Nigeria. Muda Yusuf, chief executive officer (CEO) of CPPE, spoke on ‘Morning Brief’, an interview…
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