Energy

Tribune reports that Nigeria’s share of crude oil exports to the United States and India has risen, with recent surveys putting Nigeria’s share at 3.3% in those markets as other suppliers’ shares declined.

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.

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

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.

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.

Channels TV reports that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) opened the 2026 bidding round for 50 oil blocks as part of efforts to lift crude oil output and revenues.

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.

Leadership reports that Geregu Power Plc appointed Sean Manley as Interim Chief Executive Officer, effective February 2, 2026.

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.

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