CBN Reviews Pre-shipment Inspection Agents’ Allocation Terminals

The Central Bank of Nigeria (CBN) has undertaken a comprehensive review of the allocation of terminals to Pre-Shipment Inspection Agents (PIAs) and their oversight by Monitoring and Evaluation Agents (MEAs) in the crude oil and gas sector.

This restructuring, which takes immediate effect, is aimed at improving operational efficiency and ensuring greater transparency in Nigeria’s crude oil exports.

In a circular from the Trade and Exchange Department of the CBN, and signed by A.A. Mahdi, the apex bank outlined the revised terminal assignments for PIAs, effectively superseding previous allocations.

The new distribution of terminals include Neroh Technologies Ltd of Nembe Terminal, Holborn Oil and Gas International Ltd of Isan, Enna, and Yoho Terminals,Swede Control Intertek Ltd of Ima (Otahihvo), ERHA, and Aarca Terminals, Felton Energy & Investment Ltd of Tunu, Antan, and Odudu Terminals.

Others are JBIS Integrated Resources Ltd of Avbam, Bonza, Ohoro, Akpo, Usan, and Forcados Terminals, Patibon Services Ltd of Ebok, Oso, Pennington, Okhworn, and E.A. Terminals, Offshore Bulk Inspection Co. Ltd of Escravos, Brass, Anyala-Madu, Qua-Iboe, and Owuwu Terminals, Candid Oil Ltd of Uso Ocha, Abo, Agbami, Ohono, Balema, Bonny, and Ukpokiti Terminals and Dakee Engineering & Construction Ltd (Gas) of LNG and Forcados Terminals.

To enhance regulatory oversight, the CBN had also assigned PIAs to specific Monitoring and Evaluation Agents (MEAs), who will be responsible for supervising their activities. Under the new structure, Arlington Securitas Nigeria Ltd will oversee JBIS Integrated Resources Ltd, Offshore Bulk Inspection Co. Ltd, Holborn Oil & Gas International Ltd, Candid Oil Ltd, and Dakee Engineering & Construction Ltd (Gas).

Also, DV Howells Nigeria Ltd will supervise Felton Energy & Investment Ltd, Swede Control Intertek Ltd, Patibon Services Ltd, and Neroh Technologies Ltd. The CBN directed that all stakeholders, including the Nigeria Customs Service, Nigerian National Petroleum Corporation Limited (NNPC), regulatory agencies, oil and gas companies, and terminal operators, comply with the revised allocations. The restructuring is expected to enhance operational efficiency and maintain stricter oversight of Nigeria’s oil and gas export processes.