Valuechain - Nigeria's foremost Online Energy News Platform

Libya continues to offer the cheapest petrol in Africa, with the price of octane-95 gasoline (petrol) standing at 0.15 Libyan Dinar per litre, equivalent to approximately $0.032 or N52 as of September 16, 2024.This is according to…
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President Bola Tinubu has called on Nigerians to remain patient despite the high cost of living, stating that the country can no longer expect “a free bowl” without addressing its economic challenges.The President made this remark…
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President Bola Tinubu has said that the removal of fuel subsidy has helped reduced Nigeria’s petrol daily consumption from several millions of liters to about 30 million liters.He made this statement on Thursday during a meeting…
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Nigeria's rising fuel prices have raised public concerns, with many blaming local producers like Dangote Refinery. However, OPEC emphasizes that taxes imposed by major oil-consuming nations are primarily responsible. OPEC's…
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*Company admits owing oil traders   *Experts allege creative accounting, fraud in NNPC report  *Fuel price surges as scarcity bites harder *NNPC Towers, Central Business District, AbujaAt what it termed a world press conference on…
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*NO WONDER THEY DO NO WANT DANGOTE REFINERY. Here’s a breakdown of the costs that make up the landing cost of Premium Motor Spirit (PMS), also known as petrol, in Nigeria, totaling N1107 per liter:1. FOB cost: N434.322. Freight…
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By Adaobi Rhema Oguejiofor Aradel Holdings, a leading independent integrated Oil & Gas firm, has announced its support and participation at the upcoming Young Professionals (YP) Port Harcourt Mentoring Programme.The…
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The Organization of Petroleum Exporting Countries, OPEC clarifies concerns in Nigeria over increased fuel prices, where local oil producers like Dangote Refinery have faced scrutiny.OPEC urges a change in perspective regarding the…
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The Nigerian National Petroleum Company Limited (NNPC) has authorized major marketers to lift petrol from Dangote Refinery, but independent marketers remain excluded. The new arrangement raises concerns over pricing and access,…
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FILE: NNPC distribution truck. A truck with the logo of the Nigerian National Petroleum Company Limited has been confiscated by security agents for conveying stolen crude oil in the Niger Delta.The truck was among several other…
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