Valuechain - Nigeria's foremost Online Energy News Platform

Nigeria’s Electricity Supply Industry (NESI) continues to grapple with financial instability, driven by an unsustainable subsidy burden and insufficient market payments to Generation Companies (GenCos). As the sector teeters on the…
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Nigeria’s oil reserves, estimated to be worth $3.5 trillion, are attracting significant interest as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced 25 successful bidders in the 2024 oil licensing round. The…
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NNPC Confirms 60,000 BPD Capacity The Nigerian National Petroleum Company Limited (NNPC Ltd.) has confirmed that the Port Harcourt refinery is now fully operational, with its 60,000 barrels per day (bpd) capacity in full swing. NNPC…
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The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has urged the Nigerian National Petroleum Company Limited, NNPC, to slash its ex-depot price of Premium Motor Spirit, PMS, commonly known as petrol. The…
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Chief Ifeanyi Ekwulugo As part of efforts to foster unity in Nnewi Kingdom, keep Nnewi Youths engaged and take their minds off social vices, with a view to having them focused on channeling their energies towards positive venture that…
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…Experts fear budget may not deliver ‘tangible gains’ …Tinubu, Shettima to spend N8.74bn on local, international trips Nigeria plans to spend N15.81 trillion or 45 per cent of its entire revenue to service debt obligations in the…
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The Nigerian government is planning to leverage increased crude oil production to help finance the 2025 budget, according to Tanimu Yakubu, Director General of the Budget Office of the Federation. In a recent interview, Yakubu…
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Northern stakeholders, under the aegis of the League of Northern Democrats (LND), have called for amendments to President Bola Tinubu’s Tax Reform Bills. The bills, currently under review in the National Assembly, have sparked…
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File - Electricity transmission tower used to illustrate the report Interventionist payments in the power sector by the Federal Government as electricity subsidies increased to N199.64 billion in December 2024, according to data sourced…
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Minister of State Petroleum, Heineken Lokpobiri The Minister of State Petroleum (oil), Heineken Lokpobiri has said that the 2.06 million barrels per day oil projection in the 2025 budget is realisable. The minister made the statement…
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