Valuechain - Nigeria's foremost Online Energy News Platform

The international oil benchmark, Brent crude, plunged to its cheapest in 18 years on Monday as it traded around $22 per barrel. This comes amid growing fears that the global coronavirus shutdown could last months and demand for fuel…
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The Chairman and Vice-Chairman of Famfa Oil Limited, Mr. Modupe Alakija and Mrs. Folorunsho Alakija have donated N1 billion to help the federal government, Lagos State government, and other agencies in the fight against the COVID-19…
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Despite the lockdown and stay-at-home orders by most state governments in the country, the Nigerian National Petroleum Corporation (NNPC) has given an assurance of an uninterrupted supply of petroleum products across the country. …
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...As corporation assures of nationwide product availability In its bid to ensure that the Presidential directive on the lockdown of some states is adhered without concerns about availability of petroleum products, the Nigerian…
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Lagos State Government on Monday discharged five coronavirus patients at Infectious Disease Centre, Yaba Mainland Hospital. This brings to eight the total number of discharged patients from the Centre. The patients who had been…
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The Minister of Finance and the Governor of the Central Bank of Nigeria (CBN) have secured approval from President Muhammadu Buhari to exempt key players in the financial services sector from COVID- 19 movement restrictions. A statement…
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The Nigerian National Petroleum Corporation, NNPC has advised Nigerians to refrain from panic buying of petroleum products because the national stock, especially of Premium Motor Spirit (PMS) otherwise known as petrol is enough to last…
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It has been warned since January that the long-term ramifications of the ongoing coronavirus (COVID-19) outbreak on the oil industry could be significant and long-lasting. In March we saw significant impacts on price and demand. What…
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• NNPC, DPR differ over Nigeria’s petrol stock The federal government has directed oil and gas companies to reduce the workforce on their offshore platforms in view of COVID-19 pandemic in the country. Director, the Department of…
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* African oil states lack cash to weather price shock * Saudi/Russia fight costs producers money, market share * Delayed spending may cost 200,000 bpd of output -Rystad Collapsing oil prices have left African producers facing not…
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