Valuechain - Nigeria's foremost Online Energy News Platform

The common man, who has been struggling with rising fuel prices, may soon find relief as crude oil prices in the international market have fallen significantly. This notable drop in crude oil prices raises hopes for a reduction in…
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Black market fuel vendors tries to sell fuel to a motorist on Lagos-Ikorodu highway 17 June 2007. "The Nigerian Constitution provides a legal ground for petrol peddling to be a jail-worthy offence" Since the crisis started in July,…
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Fuel scarcity has worsened in recent weeks, with long queues forming at petrol stations nationwide The chairman of the Nigeria Union of Local Government Employees (NULGE) in Akure South local government, Ondo State, Oluwatuyi Olasoji,…
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The Yoruba Union (Igbinmọ Majekobaje Ilẹ-Yorub) has demanded the resignation of President Bola Tinubu in response to rising fuel prices and worsening hunger affecting the southwest region and Nigeria as a whole. The union has…
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Oil marketers are concerned about the delay in declaring the price of Premium Motor Spirit, also known as petrol, manufactured by the Dangote Petroleum Refinery, noting that the landing cost of imported PMS is presently around N1,120…
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The China Engineering & Machinery Corporation (CMEC) is providing support towards the development of the Gwagwalada Independent Power Plant (GIPP). The company signed a Memorandum of Understanding (MoU) with the Nigerian…
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NNPC Ltd, Chevron Sign Conversion Agreement For Petroleum Prospecting License The Nigerian National Petroleum Company Ltd on Monday signed an agreement with its Joint Venture (partner, Chevron Nigeria Ltd (CNL), on the conversion of…
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Despite the recent hike in the price of Premium Motor Spirit (PMS), the Federal Government is still subsidising the product for local consumption, Dr. Thomas Ogungbangbe, the Chief Executive Officer (CEO) of CITA, has said. …
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By Patience Chat Moses Nigeria’s UTM Offshore Limited has received approval to Construct the West African nation’s first-ever floating liquefied natural gas facility — five years after it was first announced. The…
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For the first time this week, the Nigerian National Petroleum Company Limited (NNPC) confirmed that it was facing financial constraints in footing fuel imports. By that singular action, the company threw a beam of illumination and…
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