The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday, in Abuja, said successful implementation of the Petroleum Industry Act (PIA) remains sacrosanct in boosting the country’s oil earnings.
Stakeholders across the energy sector in Nigeria are calling for an urgent rejig that will make Nigeria’s $1.9 trillion energy transition plan a reality.
To say that Nigeria is being stolen is an understatement. It is a sordid situation. Shocking stories from the oil and gas sector continue to hit the news. Rather than being numbed by the monstrous pillaging
A little over a year after the passage of the Petroleum Industry Act (PIA), the sector has remained in crutches, yoking under the weight of gross inefficiencies that have plagued it for several years...
The Federal Government says the Petroleum Industry Act (PIA) 2021 clearly provides for a healthy and environmentally conscious workforce and a safe workplace for businesses to thrive in the oil and gas industry.
In this interview, Gbolahan Olojede, an economist and financial analyst, told OLAWUNMI OJO, News Editor, how oil theft is not only dwindling income but also affecting the stability
The Minister of State Petroleum Resources Chief Timipre Sylva, has said that the desire to surmount the challenges bedeviling the oil and gas sector led to the enactment of the Petroleum Industry Act (PIA).
National Council on Niger Delta (NCND) has urged the Ministry of Niger Delta Affairs to propose an executive bill to the Federal Executive Council (FEC) to amend Sections 103 and 104 of the
PIA: Niger Delta council demands amendment of Section 103, 104 to allow remittance of gas flare penalty into trust fund
National Council on Niger Delta (NCND) has urged the Ministry of Niger Delta Affairs to propose an Executive bill to the Federal Executive Council (FEC) to amend Sections 103 and 104 of the Petroleum Industry Act (PIA) to facilitate the remittance of gas flare penalty into a trust fund for easy administration.
Major Oil Marketers Association of Nigeria (MOMAN) and other players in the downstream sector have urged the Federal Government to implement the Petroleum Industry Act (PIA) if it plans to wean Nigerians off cheap petrol and focus on other priority sectors.
The Petroleum Industry Act 2021 (PIA) is the extant legal framework, which regulates the legal, governance and fiscal configuration of Nigeria’s petroleum industry.
Speaker of the House of Representatives, Mr Femi Gbajabiamila has described the Petroleum Industry Act (PIA) as well as the Electoral Amendment Act 2022 as groundbreaking legislation.