Valuechain - Nigeria's foremost Online Energy News Platform

Members of the Private Depot of Oil and Gas Marketers Association of Nigeria (PDOGMAN) and other stakeholders have described as counterproductive the new pump price reduction announced by the federal government. Speaking on behalf of…
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The Bankers Committee Saturday directed all oil firms and related companies to henceforth sell all their dollar to the Central Bank of Nigeria (CBN) alone and no longer to the Nigeria National Petroleum Corporation (NNPC) The Committee…
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The Federal Ministry of Health has confirmed ten (10) new cases of the coronavirus disease (COVID-19) in Nigeria; three (3) new cases in the Federal Capital Territory (FCT) and seven (7) new cases in Lagos State. This brings the total…
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The Federal Government has moved to tackle the challenges hampering the growth and development of the oil and gas free trade zones in the country. The move, according to the Minister of Industry, Trade and Investment, Niyi Adebayo, will…
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Oil prices leapt to $30.17 per barrel adding over $3 yesterday bouncing back from days of heavy losses in a relief rally that may yet be short-lived, analysts warned, but which was stoked by economic stimulus efforts to ward off a global…
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The Organisation of Petroleum Exporting Countries (OPEC) has opened talks with representatives of the United States energy sector based in Texas in a bid to halt the galloping the fall of oil prices and find a truce between three of the…
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A report published by Carnegie Endowment for International Peace has revealed how Nigerian public officials and their proxies steal public funds and invest it in luxurious properties in Dubai, United Arab Emirates. According to the…
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Crude oil traders from West Africa to the U.S. Gulf Coast are offering cargoes at deep discounts, desperately trying to attract buyers as global supplies swell and demand plunges. Oil prices have plummeted to 18-year lows as the global…
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Oil marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) have reached agreement with the managements of the Nigerian National Petroleum…
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In a move signalling possible deregulation of the downstream sector, the Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, said that there is the possibility of a new price regime for Premium Motor Spirit, PMS, also known as…
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