Graph continual learning (GCL) aims to learn from a continuous sequence of graph-based tasks. Regularization methods are vital for preventing catastrophic forgetting in GCL, particularly in the challenging replay-free, class-incremental setting, where each task consists of a set of unique classes. In this work, we first establish a general regularization framework for GCL based on the curved parameter space induced by the Fisher information matrix (FIM). We show that the dominant Elastic Weight Consolidation (EWC) and its variants are a special case within this framework, using a diagonal approximation of the empirical FIM based on parameters from previous tasks. To overcome their limitations, we propose a new unbiased online curvature approximation of the full FIM based on the model's current learning state. Our method directly estimates the regularization term in an online manner without explicitly evaluating and storing the FIM itself. This enables the model to better capture the loss landscape during learning new tasks while retaining the knowledge learned from previous tasks. Extensive experiments on three graph datasets demonstrate that our method significantly outperforms existing regularization-based methods, achieving a superior trade-off between stability (retaining old knowledge) and plasticity (acquiring new knowledge).