Valuechain - Nigeria's foremost Online Energy News Platform

The Petroleum Products Marketing Company (PPMC), a subsidiary of Nigerian National Petroleum Corporation (NNPC) posted N222.929 billion from the sale of petroleum products in the country in January 2019. According to the NNPC Monthly…
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Nigeria will fly out of Poland today (Wednesday) after a dispute about bonus payments at the Under-20 World Cup was verbally settled. The Flying Eagles were due to leave on Tuesday after a 2-1 loss to Senegal in the round of 16. …
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Dr. Emmanuel Kachikwu, Minister of State, Petroleum, in President Buhari’s just-ended first term has said that the future of the Nigerian oil and gas sector lies in private sector refining, as a result of which the Federal Government is…
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After over a year of forensic audit, the Securities and Exchange Commission (SEC) has concluded investigation of Oando Plc and barred the Group Chief Executive Officer, Mr Wale Tinubu , from being a director of a public company for five…
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Vice-President Prof. Yemi Osinbajo is to commission a cooking gas manufacturing plant in Lagos on June 7. The News Agency of Nigeria (NAN) learnt that the plant is the biggest of its type in West Africa. The Chief Executive Officer…
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Nigeria’s investors would earn about N13.1trillion per annum as product sales and create additional 439,062 well-paying jobs for Nigerians across the entire value chain if 29 refinery projects with active licenses come on stream, a report…
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The Department of Petroleum Resources (DPR) has indicated that Nigeria has not given up on its intention to fully liberalise its downstream oil sector, as well as introduce price deregulation. But the agency did not give a timeline for…
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...Works, Power Ministry to spend N89.5m on generators Nigeria will spend N38.061 billion to pay the salaries, wages and allowances of staff of the Department of Petroleum Resources, DPR, in 2019, while N65.858 billion would be expended…
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...As Bonny light price falls to $67.28 in May The nation’s excess oil revenue dropped from $13.59 per barrel to $7.28 per barrel, following increased instability in the global oil market between the first and last week of May, 2019. …
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…directs NNPC to recover outstanding obligations The Federal Government is looking to rake in N1.03tn this year from the sale of some of its stakes in joint venture oil assets and the review of Production Sharing Contracts with private…
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