Valuechain - Nigeria's foremost Online Energy News Platform

Olufemi Soneye The daily average production of Utapate, Nigeria’s new low-sulphur crude oil grade, has risen to 32,000 barrels per day, the Federal Government has said.It disclosed this in a report obtained on Wednesday from the…
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A socio-cultural group, Yoruba Stakeholders Assembly, has reacted to the recent misinformation surrounding the pricing of Premium Motor Spirit (PMS) in the country, commending the efforts of the Nigerian National Petroluem Company at…
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H.E. Gabriel Mbaga Obiang Lima By Adaobi Rhema Oguejiofor Former Minister of Finance, Equatorial Guinea, His Excellency, Mr. Gabriel Mbaga Obiang Lima, has been appointed to join the Valuechain Editorial Advisory Board, effective…
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A Peoples Democratic Party (PDP) chieftain, Chief Sunny Onuesoke who is the former Delta State gubernatorial aspirant, has faulted the Nigeria National Petroleum Company Limited (NNPC) over what he said is their middleman role in the…
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The Central Bank of Nigeria (CBN) has disclosed its intention to re-introduce and enforce the payment of the controversial Cybersecurity Levy on electronic transactions by Nigerians.The CBN made this known in its Monetary, Credit,…
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Afrobeat musician Seun Anikulapo-Kuti has berated President Bola Tinubu over his decision to remove fuel subsidy.He said contrary to the President’s claim that the removal of fuel subsidy was a “tough” decision he made for the…
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Oil prices soared in the global commodities market as refineries throughout the world began to cut run rates. Brent crude is trading 0.3% higher at $72.93 a barrel, while WTI, the US benchmark, is up 0.5% to $70.44.Oil prices have…
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The NNPC, on Monday, September 16, released pricing details for petrol, also known as premium motor spirit (PMS), produced by the Dangote Petroleum Refinery.Despite the euphoria that greeted the commencement of activities by the…
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Founder, Dangote Refinery, Aliko Dangote Although Dangote Refinery has started producing and distributing petrol in Nigeria, the Federal Government has said that marketers who have the necessary licence can still import the product.…
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The $550 million upstream gas project between the Nigerian National Petroleum Company Limited (NNPC Ltd.) and TotalEnergies on the development of the Ubeta field has commenced operations, the Presidency announced on Tuesday.The…
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