Valuechain - Nigeria's foremost Online Energy News Platform

The Nigerian Navy has arrested a vessel, MT QUEEN OF PEACE, laden with an unspecified quantity of crude oil on the  Bonny Fair Way Buoy. According to a statement released on Thursday by Navy spokesman Commodore AO Ayo-Vaughan, the…
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*Libya could become the number one oil-producing country in Africa amid Nigeria’s strugglesData from the Organisation of Petroleum Exporting Countries (OPEC) Monthly Oil Market Report (the “MOMR”) shows Nigeria’s production level…
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Says leaders need to be held more accountable...Tony Elumelu, Chairman of UBA Banking Group and Heirs Holdings has stated that the reason Nigeria cannot meet its crude oil production quota and benefit from high oil prices is due to…
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The Liquefied Petroleum Gas Retailers Branch of the Nigeria Union of Petroleum and Natural Gas workers on Wednesday raised the alarm over the recent rise in price of Liquefied Petroleum Gas, popularly called cooking gas.It said the…
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...Blames tank farms operators for fuel price hikeThe Petroleum Retailers Outlet Association of Nigeria, says the ongoing hike in the pump price of premium motor spirit in Rivers State, was caused by tank farms operators who were…
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From a January average of 288 naira ($.70) per liter, diesel now sells for over N700 ($1.69) per liter in Nigeria. It is causing widespread anxiety for businesses that rely on the product to power generators that make up for…
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The war against corruption is set to get a big push in Lagos State, with the appointment of a Chairman for the Public Complaints and Anti-Corruption Commission.Governor Babajide Olusola Sanwo-Olu, who signed the law setting up the…
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Amidst the fuel scarcity and increase in the price of the Premium Motor Spirit (PMS), the Nigerian National Petroleum Company Limited (NNPC) said it evacuated about 1.1billion litres of product in 14 days.Although the situation…
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...Large volumes of petrol are being smuggled to Cameroon, Ghana, Benin Republic and as far as Sudan - SourcesThe smuggling of subsidised petrol across Nigeria’s borders is emerging as the hottest gig in town as housewives,…
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By Yange Ikyaa Phoenix Renewables Limited is a Nigerian start-up company that is currently working on its maiden project that is aimed at making and using brand new electric vehicles in Nigeria.Started in 2018 as a renewable…
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