Valuechain - Nigeria's foremost Online Energy News Platform

The International Monetary Fund (IMF) has said the Nigerian government has, through the backdoor, resumed the payment of subsidies on the premium motor spirit (PMS), otherwise known as petrol. Recall that on May 29, 2023, during his…
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...Commends Team's Performance Ahmed Musa The Nigeria Pillar of Sports, Chief Donatus Agu-Ejidike JP has commended the Super Eagles of Nigeria, despite losing 1-2 to the Elephants of Cote d'Ivoire in the final match of the African…
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In a groundbreaking legal decision marking the first major interetation of the Petrleum Industry Act (PIA) 2021, the Nigerian Federal High Court has affirmed the jurisdiction of the Nigerian Midstream and Downstream Petroleum…
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The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to pay up the remaining $2.2bn forex forward backlogs owed investors. The IMF is happy with the current monetary policy rate tightening, floating of…
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…After 5 Years By William Emmanuel Ukpoju In a significant move aimed at enhancing Nigeria's domestic refining capacity and ensuring the availability of petroleum products within the country, the Shell Petroleum Development…
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Arrested vessel and crew members The Nigerian Navy Ship Beecroft, under the Command of Commodore Kolawole Olumide Oguntuga, who also is the Maritime Component Commander (Operation AWATSE), has arrested a vessel, Motor Tanker SAISNIL II.…
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...Promises ₦1m per goal against Cote d'Ivoire The Nigeria Pillar of Sports Chief Donatus Agu Ejidike has applauded the Super Eagles of Nigeria for their epic qualification for the AFCON final in Cote d'Ivoire coming up tomorrow. …
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The Nigeria Navy has uncovered 15 massive illegal refining camps, each equipped with six cooking pots and metal storage tanks with capacity to hold about 30,000 litres of crude oil, culminating in about 2.7 million litres of crude oil…
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A Senior Advocate of Nigeria, Prof Itse Sagay, says President Bola Tinubu should have waited six months after his inauguration before removing subsidy on Premium Motor Spirit (PMS) also known as petrol. He made this known during a…
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The Central Bank of Nigeria has created a department to deal with crude oil sales transactions by the Nigerian National Petroleum Company Limited, the Group Chief Executive Officer, NNPC, Mele Kyari, announced on Thursday. Kyari…
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