Nigeria, Jan. 15 -- The Nigerian oil and gas industry has frequently been in the news for various reasons. Decades before the Petroleum Industry Act (PIA) was enacted in August 2021, the country's oil and gas exploration sector faced significant challenges due to unclear rules, changing policies and low investor confidence. This was in spite of its key role in the country's economy. These issues reduced investment funds, delayed project execution and weakened its ability to compete in the rapidly changing global energy market. The PIA altered the narrative. It came with provisions to clarify rules, separate government roles and ensure fiscal stability. Presidential Orders followed, to make things easier for operators and clearer for inves...