• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Business

PIA: Senate Upstream Committee promises total commitment in executing Act

William Ukpe by William Ukpe
January 20, 2022
in Business
oil-producing states
Share on FacebookShare on TwitterShare on Linkedin

The Nigerian Senate’s Committee on Petroleum Resources (Upstream) has stated that it is fully committed towards ensuring the policies of the Petroleum Industry Act are fully complied with especially with the activities related to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The Chairman of the Committee, Sen. Albert Bassey, disclosed this on Wednesday in Abuja in a meeting with the NUPRC, according to the News Agency of Nigeria.

He added that the NUPRC board is to play a role with the PIA direction and come up with enabling its implementation.

RelatedStories

Bonny Light crude benchmark is holding relatively steady as Nigeria’s presidential election votes get counted

NUPRC: Host community trusts receive N97 billion, $149 million development fund across settlors 

July 10, 2025
Nigeria’s gas flare commercialisation programme could unlock $2.5 billion investment – NUPRC 

Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC

July 9, 2025

What the Senate committee is saying

Speaking on the matter, Senator Bassey said, “What the law stipulates for the commission is to be independent to build confidence in the hearts and minds of investors.

“We have not had the privilege of coming out in the past 18 months because all hands were on deck towards processing and passage of the PIA. Kudos to President Muhammadu Buhari for signing the bill into law.

“We are still engaging relevant stakeholders, the President has sent in the first amendment request of the act, we are looking into that and will be on public hearing soon.”

He added that engagement with the NUPRC board on policy direction would be the norm, as they are meant to enable the senate committee on the implementation of the act.

The Commission Chief Executive (CCE), Mr Gbenga Komolafe, said he recognises the responsibility as enacted by the Senate and are very keen on making tremendous impact in  Nigeria’s upstream regulatory functions to achieve an intendment of the PIA and meet expectations of the assembly and international community.

“We continually seek adequate support of the committee to work assiduously in carrying out our enormous tasks which include monitoring of crude oil theft and sabotage among others, to make impacts and achieve efficient upstream regulations,” he said.

In case you missed it

Recall Nairametrics reported earlier that Group Managing Director/Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Malam Mele Kyari,  said that the Petroleum Industry Act (PIA) has provided the organization with the opportunity to shed some of its toxic liabilities.

Group Managing Director/Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Malam Mele Kyari, has said that the Petroleum Industry Act (PIA) has provided the organization with the opportunity to shed some of its toxic liabilities.

Tags: Nigerian Upstream Petroleum Regulatory CommissionNUPRCPIA
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

Bonny Light crude benchmark is holding relatively steady as Nigeria’s presidential election votes get counted
Energy

NUPRC: Host community trusts receive N97 billion, $149 million development fund across settlors 

July 10, 2025
Nigeria’s gas flare commercialisation programme could unlock $2.5 billion investment – NUPRC 
Energy

Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC

July 9, 2025
Gas flaring
Energy

Nigeria to end gas flaring by 2030 through gas-centric strategy – NUPRC  

July 3, 2025
Nigeria’s gas flare commercialisation programme could unlock $2.5 billion investment – NUPRC 
Energy

NUPRC unveils tech-driven oil export system to track Nigeria’s crude shipments

June 19, 2025
Nigeria’s gas flare commercialisation programme could unlock $2.5 billion investment – NUPRC 
Energy

NUPRC dismisses claims of guidelines violation in 2024 oil block licensing round 

June 5, 2025
Court freezes $225 million in assets linked to General Hydrocarbons and Nduka Obaigbena 
Breaking News

Judge dismisses GHL’s bid to serve cargo arrest ruling on Navy, NUPRC, others 

May 15, 2025
Next Post
The cryptocurrency industry saw $25.1 billion in investments from venture funding

On-chain analyst claims crypto.com hack is worth $33 million

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Key policies that shaped Nigeria’s tech industry under Buhari’s 8-year rule 
  • Investing in a volatile world: Strategies for Gen Zs, millennials, and retirees
  • TikTok removes over 3.6 million Nigerian videos in Q1 2025  

Follow us on social media:

Recent News

Key policies that shaped Nigeria’s tech industry under Buhari’s 8-year rule 

Key policies that shaped Nigeria’s tech industry under Buhari’s 8-year rule 

July 15, 2025
Investments

Investing in a volatile world: Strategies for Gen Zs, millennials, and retirees

July 15, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics