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.

The Nigerian House of Representatives on Tuesday announced plans to investigate an outstanding debt of N432 billion linked to oil revenue, according to Tribune Online. The probe, flagged off by the lawmakers, aims to examine the circumstances surrounding the indebtedness. Further details on the parties involved, the timeline of the investigation, and its expected outcomes were not disclosed in the report, which was published by the Nigerian newspaper.

The Nigerian National Petroleum Company Limited (NNPCL) reported significant financial growth for April, with revenues reaching N4.97 trillion, an increase from N2.77 trillion in March. Profit after tax also rose to N481 billion, up from N276 billion the previous month. Despite these impressive figures, concerns about public dissatisfaction persist, highlighting a disconnect between corporate profits and the experiences of the populace, according to Daily Trust.

Togo and the Benin Republic owe Nigeria $28.33 million (N37.44 billion) for ancillary electricity services rendered over three years, according to Daily Trust. The newspaper said its analysis of annual reports released by the Nigerian Electricity Regulatory Commission (NERC) from 2023 to 2025 showed the debt stems from services used to transfer electricity from generation plants to end users. Nigeria supplies power to the two neighbouring countries as international electricity customers.

Atiku Abubakar, presidential candidate of the African Democratic Congress (ADC), has accused the administration of President Bola Tinubu of reckless borrowing despite a windfall in oil revenue. According to Vanguard, Atiku said the Federal Government has continued to accumulate domestic debt even as crude oil prices have risen well above the benchmark used in budget planning. He likened the government's borrowing pattern to that of a drunken sailor, criticising its fiscal management.

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.