Valuechain - Nigeria's foremost Online Energy News Platform

The Central Bank of Nigeria (CBN) has resumed sales of foreign exchange to Bureau De Change (BDC) operators, ending a four-month suspension. On Friday, July 12, 2024, the apex bank sold $122.67 million to 46 authorized dealers,…
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President Bola Tinubu has approved the appointment of Dr. Abubakar Dantsoho as the new Managing Director of the Nigerian Ports Authority (NPA). Also, the president appointed Senator Adedayo Adeyeye as the Chairman of the Board of…
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The Nigerian government has declared that converting petrol and diesel-powered commercial vehicles to run on Compressed Natural Gas (CNG) will be free. This was disclosed in Abuja after signing agreements with companies converting…
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…Metering Project To Gulp $21m In a major move towards reforming Nigeria’s energy sector, the federal government has approved a contract for the construction of metering system for all the crude oil flow stations in the energy…
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The National Bureau of Statistics (NBS) has reported that Nigerian public officials received N721 billion in bribes in 2023. This is presented in the “Corruption in Nigeria: Patterns and Trends” report, which was based on a survey…
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The Dangote Refinery has announced plans to acquire an additional 11 million barrels of crude oil from the United States. In a tender viewed by Bloomberg, Dangote Refinery purchased five million barrels of West Texas Intermediate…
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Burkina Faso's military leader, Capt. Ibrahim Traore has said he has adopted the draft of an amended family code that criminalises homosexuality. The West African nation has been among just 22 out of 54 countries on the…
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GCEO NNPC. Mele Kyari The Nigerian National Petroleum Company Limited, on Wednesday, said it would make an formal announcement when ready to take the earlier reported $2bn crude-backed loan. It was reported on Tuesday that NNPC was…
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The federal government and the United States Agency for International Development (USAID) yesterday signed a N115.2 billion Memorandum of Understanding (MoU) to support current reforms in the power sector as well as back the country’s…
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Kyari The Nigerian National Petroleum Company Limited’s (NNPC)’s fresh plan to secure a $2 billion loan using crude oil pre-payments as collateral has sparked debate and raised questions about its long-term implications for the nation’s…
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