Valuechain - Nigeria's foremost Online Energy News Platform

Nigeria will continue swapping crude for fuel for at least three more years because its refineries are still not fully operational. Africa’s biggest oil producer, which previously had a goal of revamping the plants by this year, will…
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The Federal Government spent a total N650.2bn in subsidising Premium Motor Spirit; latest statistics obtained from the Nigerian National Petroleum Corporation have shown. The PMS, popularly known as petrol, is imported into Nigeria…
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Revelations about the $9.6bn judgmentagainst the federal government keeps surfacing daily as the ill-fated deal has created a negative impact on the image and revenue of the country. Naija News gathered that the ill-fated…
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A Presidency source has disclosed why the Petroleum Industry Bill (PIB) passed by the eighth Senate was not signed into law. President Muhammadu Buhari, who is the Minister of Petroleum Resources, will be deeply involved in the…
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More riddles have beclouded the 2010 ill-fated Gas Supply and Processing Agreement (GSPA) which led to the award of a $9.6billion judgment against Nigeria. Preliminary investigation by the Economic and Financial Crimes Commission…
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The controversy over $9.6billion judgment debt against Nigeria deepened on Saturday following a revelation that the list of those involved in the negotiation of the contract was submitted to an Arbitration Tribunal in London The founder…
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Nigeria’s Ministry of Petroleum has shut down four natural gas processing plants in Rivers State in the south of the country. The institution criticizes the operators of these factories for carrying out their activities with expired…
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One of the oil firms approved by the Federal Government of Nigeria in April, 2019, Green Energy International Limited (GEIL) has said that negotiations for the commencement of engineering, procurement and construction of the one million…
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The downstream subsidiary of the Nigerian National Petroleum Corporation, NNPC Retail, is partnering with the Nigerian Navy to secure its Floating Mega Stations (FMS) spread across the Niger-Delta region, in line with its mandate to sell…
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Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has disclaimed reports of explosion on the Abura Crude Trunk line operated by the Corporation. The line, situated at Otu-Jeremi town in Ughelli,…
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