Valuechain - Nigeria's foremost Online Energy News Platform

By William Emmanuel Ukpoju In a rare move, the United Republic of Tanzania has temporarily shut down five of its hydroelectric stations to reduce excess electricity in the national grid. According to Tanzania's Prime Minister,…
Read More...

By Adaobi Rhema Oguejiofor Seplat Energy, a leading indigenous energy company, has marked its 10th anniversary of dual listing on the Nigerian Exchange Limited (NGX) and the London Stock Exchange. At the anniversary celebration,…
Read More...

By William Emmanuel Ukpoju Abuja, Nigeria - April 25, 2024 - The Transmission Company of Nigeria (TCN) has announced the successful restoration of power supply to the Afam-IPP/Elelenwo 132kV line. The line was restored at 6:22 pm on…
Read More...

The House summons NNPC CEO Mele Kyari to investigate oil-related environmental degradation, stressing the urgency of addressing community concerns CEOs of major oil companies and relevant government agencies are also summoned,…
Read More...

The Kaduna Internal Revenue Service (KADIRS) has sealed branches of the United Bank for Africa (UBA) in the state capital over an alleged refusal to pay N14.3 million in tax. Hajiya Aysha Ahmad, the KADIRS Board Secretary and Legal…
Read More...

Crude oil futures settled on Wednesday after the release of American Petroleum Institute data showing a draw in US crude stocks, with bearish factors generally dominating the market. Brent crude futures settled at $60.53/per barrel,…
Read More...

Central Bank of Nigeria, CBN Nigeria’s external reserves shed $2.16 billion in the past month, falling to a seven-year low of $32.29 on April 15, 2024, from $34.45 billion on March 18, 2024, according to CBN data. A recent Bloomberg…
Read More...

Benin is expected to receive transit duties and tax revenues per quantity of Nigerien oil that gushes out at Sémè Kraké. The projection comes as the platform where the pipeline which connects the Agadem oil fields lands. Last…
Read More...

New SOAN Executives to harness opportunities in Nigeria’s $300bn blue economy Sonny Eja, the newly inaugurated president of the Ship Owners Association of Nigeria (SOAN), said the association under his leadership will focus on…
Read More...

Oil prices surged as Brent crude oil appreciated to $88.42 a barrel while U.S. West Texas Intermediate (WTI) crude climbed to $83.36 a barrel. The uptick in prices comes as the U.S. dollar index dipped to its lowest level in over a…
Read More...