Energy

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.

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.

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.

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

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

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