Subsidy Extension Stalls Petroleum Industry Act   Implementation of the Petroleum Industry Act (PIA) is no longer tenable with the continuation of petroleum subsidy payment. President Muhammadu Buhari will propose an 18-month extension to the National Assembly. The PIA, signed on August 16, 2021, was billed to take...

With N4.56trn Encumbrances, NNPC To Shed Toxic Liabilities In 2022 - Kyari   Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, has said with the implementation of the Petroleum Industry Act (PIA), the company will do away with a major...

$235bn Investments Lost Over Delay In PIA – Sylva   The Federal Government on Tuesday said Nigeria lost an estimated $235bn worth of investments in the oil and gas sector for delaying the passage of the Petroleum Industry Bill by about two decades. The Minister of State...

PIA Will Enhance Energy Growth In Nigeria, Says Sylva     Minister of State Petroleum Chief Timipre Sylva has declared that the Petroleum Industry Act (PIA) will enhance energy growth and sustainability in Nigeria. Speaking as a participant at a ministerial roundtable, at the World Petroleum Congress (WPC),...

Effects of the Petroleum Industry Act, by Salisu Na'inna Ɗambatta The Petroleum Industry Act (PIA) 2021, which has lingered for around 20 years as it went through the porocess of enactment is now being assidiously implemented by the Federal Government through the Mele Kyari-led NNPC...

Fed Govt Planning To Replace Fuel Subsidy With Transport Palliative – Minister   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has described fuel subsidy as a major waste and a drain on the Nigerian economy,saying the government plans to replace it with...