Energy

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.

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.

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.

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.

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

According to The Punch, Dangote has called for a probe of the NMDPRA boss as the petrol pricing and supply dispute intensifies.

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.

Nigeria’s top downstream and upstream regulators resign as the Dangote petition controversy intensifies, raising new questions for fuel-market stability.