Valuechain - Nigeria's foremost Online Energy News Platform

President Muhammadu Buhari has approved the reconstitution of the Board of the Nigerian National Petroleum Corporation (NNPC), after the expiration of the term of the board members appointed in 2016. A statement Saturday by the Special…
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The death has occurred last night (29th May, 2020), of Dr. Maikanti Kacalla Baru, the immediate past Group Managing Director of the NNPC. He died in an Abuja hospital after a brief illness. As at the time of filing this report,…
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Where justice is denied, where poverty is enforced, where ignorance prevails, and where anyone class is made to feel that society is an organised conspiracy to oppress, rob and degrade them, neither persons nor property will be safe…
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Saudi Arabia and some other OPEC oil producers are considering extending record high output cuts until the end of 2020 but have yet to win support from Russia, according to OPEC+ and Russian industry sources. The Organization of the…
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A British Virgin Islands-based firm allegedly paid more than US$390,000 in bribes to land a natural gas processing plant construction contract in 2009, Nigeria's Attorney-General said in a statement obtained by OCCRP and its Nigerian…
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As countries begin to lift months of lockdown caused by the COVID19 virus, Asian country, India is starting to import more crude oil from Nigeria. Indian oil firms took in about 5-6 million barrels of Nigerian crude last week and so…
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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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