Wednesday, 8th February 2023
Breaking News:


20 Sep
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.
30 Aug
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.
24 Aug
The Petroleum Industry Act 2021 (PIA) is the extant legal framework, which regulates the legal, governance and fiscal configuration of Nigeria’s petroleum industry.
21 Aug
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.
17 Aug
Despite the provisions of the Petroleum Industry Act (PIA), stakeholders have expressed worry that policy flip-flops by the Federal Government, as exhibited in the ExxonMobil
13 Aug
There are indications that Nigeria may unlock about 10 billion barrels of crude oil, revenue of $5 billion and immediate Final Investment Decisions (FIDs) in key oil and gas projects worth $4 billion following renegotiation and new agreements in the 1993 Production Sharing Contract (PSC).
27 Jul 2022
Niger Delta Budget Monitoring Group (NDEBUMOG) has lamented the little impact or what is considered measurable infrastructural revival in the oil-producing region, despite previous interventions
20 Jul 2022
Stakeholders have insisted that there was a need for transparency and accountability in the nation’s extractive sector, stressing that the state oil firm, Nigerian National Petroleum Company Limited (NNPC)
13 Jul 2022
For political reasons, especially to keep the current government in power, the decision to stop the payment of subsidies has remained elusive and the rise of the cost of the scheme, believed to be in favour of the masses is now the leading cause of their adversity.
1 Jul 2022
AMID growing concerns, the people of Niger Delta have released a 19-page demand, among which is immediate review of Petroleum Industry Act (PIA) 2021 by the National Assembly.
26 Jun 2022
The signing of the Petroleum Industry Bill (PIB) 2021 into law brought an end to a 20-year agitation to reform the oil and gas sector in Nigeria.
25 Jun 2022
Minister of State for Petroleum Resources, Chief Timipre Sylva, has assured host communities producing oil and gas that the Federal Government has perfected plans to engage the people, especially in the Niger Delta on the details contained in the Petroleum Industry Act, (PIA).


2 mins ago
A fuel-laden tanker exploded on Wednesday on the Ore-Benin Expressway at Ore, Odigbo Local Government Area of Ondo State, the News Agency of Nigeria (NAN) reports.
18 mins ago
He used to preside over Latin America's largest country and its 214 million people. Now Brazil's former far-right leader lives in a small Florida town and eats alone in a fast-food restaurant.
46 mins ago
NAIROBI, Kenya, 08 Frebruary 2023 -/African Media Agency(AMA)/- Today, climate resilience venture launcher Triggering Exponential Climate Action (TECA) has announced the selection of seven startups to each receive $55,000 in funding to advance their solutions for the blue economy in Africa. The startup founders were selected following their participation in TECA’s fellowship program, where they were supported to create…
1 hour ago
Police said Wednesday they had seized enough cocaine to supply New Zealand for 30 years, after snaring a massive bundle of drugs floating in the Pacific Ocean.
1 hour ago
Sri Lankan police told AFP on Wednesday they are investigating ousted president Gotabaya Rajapaksa over a hidden cash stockpile uncovered when protesters stormed his former residence last year.