Valuechain - Nigeria's foremost Online Energy News Platform

The Organisation of the Petroleum Exporting Countries says that Nigeria’s dwindling daily oil production turned a corner in April, increasing marginally from 1.23 million barrels per day in March to 1.28 million barrels per day in…
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Dangote refinery in Lagos reportedly plans to purchase at least 24 million barrels of US crude oil over the next year as it increases its processing capabilities.The $20 billion refinery, established by Africa s richest man…
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Seplat Energy Plc has announced the commissioning of the ANOH gas processing plant by the President of the Federal Republic of Nigeria, His Excellency Bola Ahmed Tinubu GCFR on 15th May 2024.The ANOH Gas Processing Company (AGPC),…
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World BankThe World Bank has blacklisted 58 Nigerian companies and individuals for engaging in corrupt practices, a move that comes as part of the institution’s ongoing efforts to uphold integrity and transparency in its projects and…
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Mr. Olayemi Cardoso The Central Bank of Nigeria (CBN) has granted approval-in-principle (AIP) to 14 new International money transfer operators (IMTOs) in its bid to double foreign currency remittance flows through formal channels.…
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Pre-paid meters The Senate has approved a $500 million loan request by President Bola Tinubu to finance the mass metering programme of the federal government.The president’s request was approved by the upper legislative chamber on…
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The commission said the 2024 block licensing round would last for approximately nine monthsThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Tuesday, announced the commencement of the 2024 oil block licensing round.…
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The contribution of Green Energy International Ltd, a Nigerian integrated energy company, towards the development of the oil and gas industry is very laudable, Heineken Lokpobiri, minister of state for Petroleum Resources (Oil), has…
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Nigeria regained its position as the largest producer of crude oil in Africa in April. The Organisation of Petroleum Exporting Countries, OPEC, disclosed this in its latest monthly report released on Tuesday.It stated that…
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By William Emmanuel UkpojuIn a significant development, the Nigerian government has secured presidential backing for the marketing of oil blocks, a move aimed at revitalizing the country's oil and gas industry and attracting…
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