Energy

Shell says it will deploy $20 billion into Nigeria’s energy sector, with emphasis on deepwater and gas infrastructure projects linked to Bonga North and NLNG.

A CBN-linked projection cited by Vanguard suggests petrol could average around N950 per litre, intensifying cost-of-living and inflation worries.

The ICPC says its probe of former NMDPRA leadership will continue even after a petition withdrawal, citing its public-interest mandate.

NERC says three neighboring countries owe Nigeria ₦25bn for electricity, reigniting debate about exports amid domestic power shortages.

LPG prices are reported to be stabilizing around ₦1,000/kg across major cities, offering some relief after months of swings.

NNPCL says the Escravos–Lagos gas pipeline has been restored after a December explosion. Stakeholders will watch whether flows stay stable for power and industry.

Control of Geregu Power has shifted to MA’AM Energy after a restructuring that ends Femi Otedola’s indirect control. The move could reshape expectations for investment and governance in listed power assets.

Another national grid collapse triggered fresh blackouts and highlighted Nigeria’s system fragility. Stakeholders say restoring stability will depend on gas security, stronger transmission, and faster recovery protocols.

Nigeria’s grid recovered after a December 29 system disturbance, with NISO citing tripped units and transmission lines. Analysts say gas constraints and weak redundancy continue to make the network fragile.

Nigeria’s regulator says Port Harcourt refinery is shut but diesel evacuation continues, raising new questions about inventories, maintenance timelines and transparency around domestic refining.