The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled proposed regulations aimed at curbing monopoly, abuse of market dominance, collusion, and other anti-competitive practices in Nigeria's petroleum midstream and downstream sectors. The proposed "Midstream and Downstream Petroleum Prevention of Anti-Competitive Practices and Behaviour Regulations, 2026" are also designed to guarantee open and non-discriminatory access to critical petroleum infrastructure, improve market transparency, and promote fair competition. At a stakeholders' consultation forum in Abuja, NMDPRA Chief Executive Mallam Rabiu Umar said the framework is being developed pursuant to Section 216 of the Petroleum Industry Act (PIA) 2021. Umar added that the regulations would strengthen the midstream and downstream sectors by preventing anti-competitive practices and addressing abuse of dominance.
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