Valuechain - Nigeria's foremost Online Energy News Platform

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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In a significant development for Nigeria’s oil and gas industry, Shell Petroleum Development Company Limited (SPDC) has delivered 475,000 barrels of crude oil to the Port Harcourt Refinery, marking a crucial step towards its imminent…
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By William Emmanuel Ukpoju In a landmark meeting held at the Senate Building in Abuja, the Senate Committee on Local Content engaged in its inaugural interactive meeting with the leadership of the Nigerian Content Development and…
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By Adaobi Rhema Oguejiofor Leaders in Nigeria's indigenous automobile manufacturing and foreign brands assembling sector have highlighted the government's lack of confidence in the country's automobile industry as one of the major…
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