Valuechain - Nigeria's foremost Online Energy News Platform

There are strong indications that Nigeria is moving in the direction to cut the level of sulphur allowed in imported fuels this year. The cap is reportedly still 10 times above what health campaigners urge. In oil-for-product…
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BudgIT has called on President Buhari to privatize all government-owned refineries while also fully deregulate the petroleum downstream sector. According to the findings of our new policy brief “Inside Nigeria’s Local Refineries”…
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Deployment of specialised security tools and manpower on the Nigerian maritime domain for safe and secure waters will begin in June, to be completed by first quarter of 2020, immediate past Minister of Transportation, Mr. Chibuike Amaechi,…
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Members of the Depot and Petroleum Products Marketers Association of Nigeria, Major Oil Marketers Association of Nigeria and the Independent Petroleum Marketers Association of Nigeria on Thursday declared that the government and its…
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Total is set to start up a biodiesel refinery using palm oil whose planned launch last summer sparked opposition from farmers producing vegetable oil and from environmental activists. The refinery in La Mede in southern France will…
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Crude oil, cash cow for Nigeria, yesterday sold at $67.27 a barrel. Two of the crude grades Brent and WTI recorded $8.59 per barrel price differentials before the end of transactions at the global market. While WTI was trading at $58.68…
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The Federal Government plans to deploy appropriate technologies to tackle the menace of inadequate power supply as well as a shortage in the supply of fuel and foreign exchange. The government stated this in a 100-page document –…
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The Senate, yesterday, approved the payment of N68.9 billion as part of outstanding subsidy claims to 20 oil marketers. A breakdown of the figure shows that while the Senate approved the payment of N10.8 billion as subsidy claim to…
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The Department of Petroleum Resources (DPR), international oil companies (IOCs), security agencies, community leaders and other stakeholders yesterday warned that oil theft was retarding the national economy and fuelling environmental…
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A senator from Anambra State, Victor Umeh, has said that payment of fuel subsidy and all the problems associated with it will never end in Nigeria. The senator said Nigerians are only deceiving themselves by hoping that a time will come…
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