Valuechain - Nigeria's foremost Online Energy News Platform

The Federal Government has approved the purchase of Shell Plc’s onshore assets in Nigeria to a group of local companies for $1.3 billion. Nigeria, Africa’s largest crude oil producer, had initially rejected the deal in October…
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Fuel pump In a sign of stability in the downstream sector, the Major Energy Marketers Association of Nigeria, MEMAN, has said that the landing cost of Premium Motor Spirit, PMS, also known as petrol declined marginally to N970 in…
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Nigeria’s fiscal deficit reached N7.05 trillion by the end of the third quarter of 2024, according to figures disclosed by President Bola Ahmed Tinubu during his presentation of the 2025 Budget of Restoration to the…
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Edun Expresses Worry Over Africa’s $74bn Debt Servicing Burden The Minister of Finance and Co-ordinating Minister of the Economy, Mr Wale Edun, has called for necessary steps to manage ballooning debt and its servicing on the…
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•FEC approves 2025 budget proposal •Presentation to NASS shifted to Wednesday Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, on Monday said the N13 trillion deficit in the N48 trillion 2025 budget…
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Oando Oando PLC reported a post-tax profit of N13.6 billion for the third quarter of 2024, ending September 30, a significant improvement from the N2.2 billion loss recorded in the same period last year. This represents a 510.48%…
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... The proposed legislation is aimed at ensuring all payments including salaries and other transactions are done using the local currency, naira A bill seeking to prohibit the use of foreign currency in Nigeria has passed first…
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•Provides for five years imprisonment, N10m fine for erring CEO/MD The National Assembly has granted unfettered regulatory powers to Securities and Exchange Commission (SEC) to register and regulate online forex trading activities,…
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The Federal Executive Council, FEC, meeting presided over by President Bola Tinubu on Monday approved the sum of 161,328,228 euros for the execution of contracts in the first batch of the Phase 1 of the Siemens Power projects across…
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By Saidu AbubakarShell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a Final Investment Decision (FID) on Bonga North, a deep-water project off the coast of Nigeria. Bonga North…
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