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The Nigerian Midstream and Downstream Petroleum Regulatory Authority has come under fresh scrutiny after the Office of the Auditor-General for the Federation uncovered over N432bn in unpaid debts, statutory levies and other outstanding obligations involving petroleum marketers. The bulk of the liabilities, N431.01bn, consisted of legacy National Transport Average and bridging allowance debts owed to…
Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, has directed petroleum marketers to immediately reflect the recent decline in global oil prices by reducing the pump prices of Premium Motor Spirit (PMS) and other petroleum products. Lokpobiri gave the directive at the 2026 Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) General Counsel and…