Browsing Category
Cover Story
FX Scarcity Casts Shadow over FG’s Deregulation
-By Gideon Osaka
In November last year when the Minister of State for Petroleum Resources, Mr. Timipre Sylva declared that a subsidy element was still being retained in the pricing of premium motor spirit (PMS) or petrol, analysts!-->!-->!-->…
Read More...
Read More...
2020: Rough, Progressive Year for Nigeria’s Oil & Gas Sector
-By Gideon Osaka
The global oil and gas industry has had a bumpy 2020, having been hit by several challenges – the most significant of which is COVID-19. The impact of the virus was particularly severe on the oil sector than on any!-->!-->!-->…
Read More...
Read More...
Encomiums as Nigeria’s First Modular Refinery Begins Operation
-By Gideon Osaka
Nigeria’s refining capacity is set to receive a boost with the official commissioning of the 5,000 barrels per day (bpd) Waltersmith Modular refinery and groundbreaking ceremony for the expansion of the refinery.The!-->!-->!-->…
Read More...
Read More...
The Next Big Hurdle for PIB
-By Benjamin Ike
Expectations are high that the Petroleum Industry Bill (PIB) which passed second reading at Senate plenary on October 20, 2020 and subsequently referred to its relevant joint committees, will be given accelerated!-->!-->!-->…
Read More...
Read More...
DEREGULATION: After Decades of Failed Attempts Will FG Reverse Again?
-By Gideon Osaka
Except for the recent threat by organised labour to embark on a strike, the seeming acceptance by Nigerians of the federal government’s decision to remove subsidy on petrol could signal that deregulation of the!-->!-->!-->…
Read More...
Read More...
Concerns Heighten over Domestic Gas Pricing
…as FG raises committee to resolve issue
-By Gideon Osaka
The recent spike in the exchange rate of the Naira to the dollar induced by the corona virus pandemic and ongoing reforms in Nigeria’s power sector are among factors that are!-->!-->!-->!-->!-->…
Read More...
Read More...
Niger Delta: Story of Self-inflicted Poverty …Over $40bn Squandered
-By Fred Ojuegbe
Allegations of financial recklessness and corruption that have rocked the Niger Delta Development Commission (NDDC) in the past weeks have once again heightened calls for the federal government to overhaul many of its!-->!-->!-->…
Read More...
Read More...
Why PETROLEUM EQUALIZATION FUND Must Stay
-By Saidu Abubakar
There is a popular saying that, ‘a cow does not know the value of its tail until it is cut-off’. For the consequences it may expose itself to, the ‘cow’ needs to be alerted about the value of its tail in order to!-->!-->!-->…
Read More...
Read More...
Nigeria’s Economy Risks Shutdown as COVID-19 Spreads
-By Gideon Osaka
The impact of the spread of the Coronavirus on the global oil sector has been particularly severe than on any other industry, Valuechain can report.Factories shutdown, cancelled vacations, movement restrictions and!-->!-->!-->…
Read More...
Read More...
National Gas Network Code Activates Gas Development
-By Said Abubakar
Target benefits of hosting the recently concluded 2020 Nigerian International Petroleum Summit (NIPS) in the Nigeria’s capital city of Abuja cannot be over-emphasized. Though Valuechain Magazine isn’t aiming at!-->!-->!-->!-->!-->…
Read More...
Read More...