The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has denied that gas flare penalty payments into the Midstream and Downstream Gas Infrastructure Fund (MDGIF) were under-remitted. According to the regulator, discrepancies identified by the Office of the Auditor-General of the Federation resulted from timing and reconciliation issues within the Federation Account channel, rather than any shortfall in the remittances themselves.

The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has rejected a N94.4 billion audit query raised by the Auditor-General. According to the fund, the discrepancies identified in the audit report stem from timing differences and reconciliation issues rather than any missing revenue. The MDGIF maintained that its financial records are in order, disputing the audit findings. The clarification, reported by Punch, comes amid ongoing scrutiny of government agency finances in Nigeria.

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.

Eskom's additional R54 billion from tariffs is set to be challenged in court once more, as the National Energy Regulator of South Africa (Nersa) faces accusations of concealing the irrationality behind its decision regarding the power utility's revenue. This legal dispute highlights ongoing tensions surrounding energy pricing and regulatory practices in the country.

Nigeria's Auditor-General has raised concerns over N33.75 billion in cash transfers made to 3.29 million Nigerians, citing a lack of evidence to verify the payments. According to the audit, the National Cash Transfer Office (NCTO) showed missing records and weaknesses in financial controls. The findings raise questions about transparency and accountability in the government's cash transfer programme, which is designed to support vulnerable citizens across the country.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has explained the factors driving fluctuations in petrol prices across Nigeria's deregulated market. George Ene-Ita of the NMDPRA outlined the reasons behind the rising and falling fuel costs, according to Legit.ng. He also emphasised the regulator's collaboration with the Federal Competition and Consumer Protection Commission as part of efforts to promote price stability in the petroleum sector.