
Nigeria's Auditor-General has uncovered N431 billion in unpaid levies and debts allegedly owed by oil marketers to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), according to Punch. The findings point to significant financial irregularities within the downstream petroleum sector, with the withheld funds raising questions about compliance and revenue collection. The report highlights accountability concerns among marketers and the regulator's ability to recover outstanding payments owed to the government.
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Nigerian motorists could see cheaper petrol once the country's domestic refining industry becomes stronger, more competitive and financially sustainable, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Petrol currently sells at about N1,310 to N1,350 per litre in many parts of Nigeria, after prices rose from previous levels. The regulator's comments link future fuel affordability to the growth and viability of local refining capacity.
Zalebs·September 7, 2026 at 11:40 AM
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Legit.ng·July 5, 2026 at 2:01 PM
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Leadership (NG)·September 7, 2026 at 7:17 PM
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Daily Trust·September 8, 2026 at 12:13 AM
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Legit.ng·September 7, 2026 at 6:47 PM
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Nairametrics·July 5, 2026 at 8:55 AM