Valuechain - Nigeria's foremost Online Energy News Platform

The Independent Oil Marketers Association of Nigeria (IPMAN) and the Major Oil Marketers Association of Nigeria (MOMAN) on Friday lauded the performance of the Muhammadu Buhari-led administration in the petroleum sector. The oil…
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The Nigerian National Petroleum Corporation has said it anticipates a remittance of N1.27tn to the federation account. In a presentation to journalists on Thursday, Group Managing Director of the Corporation, Mallam Mele Kyari said the…
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The Minister of State for Petroleum, Timipre Sylva has announced the appointment of Dr. Ya'u Usman Idris as the Director-General of Nigeria Nuclear Regulatory Authority (NNRC). The appointment was approved by the President, Muhammadu…
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The Nigerian economy has been facing challenges for the past five years following its over dependence on oil as a major source of its revenue as the country recorded the highest growth in Gross Domestic Product, GDP of 2.65 per cent in…
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…N7bn, $48m lost to PMS, crude oil theft in four months The Nigerian National Petroleum Corporation (NNPC) has disclosed that the fall in crude oil prices in the international market has hampered its projected N1.27 trillion remittance…
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The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said that efforts are being intensified to achieve a Unit Operating Cost (UOC) of  $10 per barrel across upstream production by 2021. Unit…
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The Nigerian National Petroleum Corporation (NNPC) is at the receiving end of the fuel subsidy regime and will be the first to benefit once it ends. This is according to the Group Managing Director of NNPC, Mele Kyari who was speaking…
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The Federal Government has directed the Ministries of Power, Finance, and the Bureau of Public Enterprise (BPE) to conclude the pre-engineering and concessionary financing agreement with Siemens AG, to boost power supply in Nigeria. The…
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Finally, Nigeria is on the verge of unlocking huge economic benefits arising from its natural gas endowment as OILSERV Limited massively mobilises to site. For many years, the country had been hindered by absence of gas transmission…
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Data analysis by Dataphyte has shown the Department of Petroleum Resources (DPR) paid over 8 billion as salary upfront in January 2020. This is according to the daily payment data published on the open treasury portal. The review of…
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