business

CBN appoints eight agents for crude oil exports

CBN appoints eight agents for crude oil exports

Others are Geospace Limited, assigned to Escravos, Odudu and Crawthorne; 617 Limited, covering Bonga, Brass and Usan/Eae; Robinson Energy International Limited, assigned to Ugo-Cha, Pennington, Oyo Aje, Ima and Nembe; and Trobell International Nigeria Limited, covering Forcados, Bonny and Okwori. Integrated Shipping Services was assigned Akpo, Antan, Okoro, Anyala-Madu and Ebok, while Nephron Business Limited will cover UK Politics, Staple, Yoho, Abo, Agbami, Ajakpa, Okono, Okwok and additional marginal field streams designated by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has appointed eight Pre-Shipment Inspection Agents (PIAs) to monitor the country’s crude oil and gas exports. The appointments were announced in a circular issued by the Director of Trade and Exchange at the apex bank, Aderinola Shonekan, dated October 28, 2026, and published on the CBN website.

The appointed agents include Trexem Energy Services Limited, assigned to Egina, Qua-Iboe and Tuja terminals; and Dakee Engineering and Construction, which will cover LNG, Escravos (Gas), Bonny River Terminal and EGTL. Others are Geospace Limited, assigned to Escravos, Odudu and Crawthorne; 617 Limited, covering Bonga, Brass and Usan/Eae; Robinson Energy International Limited, assigned to Ugo-Cha, Pennington, Oyo Aje, Ima and Nembe; and Trobell International Nigeria Limited, covering Forcados, Bonny and Okwori.

Integrated Shipping Services was assigned Akpo, Antan, Okoro, Anyala-Madu and Ebok, while Nephron Business Limited will cover UK Politics, Staple, Yoho, Abo, Agbami, Ajakpa, Okono, Okwok and additional marginal field streams designated by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The CBN also appointed two Monitoring and Evaluation Agents (MEAs) to supervise the activities of the PIAs.

They are Q&Q Control Services and Arlington Security Services. The circular was addressed to authorised dealer banks, the Nigeria Customs Service, terminal operators, the NUPRC, the Nigerian Midstream Petroleum Regulatory Commission, the Nigerian National Petroleum Company Limited and oil and gas companies. The appointments took effect from the date of the circular, October 28, 2026.

  • cbn
  • limited
  • oil
  • agents
  • services
  • bank
  • nigeria
  • gas

Summaries and tags are generated automatically. Stay informed with VidiaNews.

Related news

CBN updates guidelines for stablecoins operation
business

CBN updates guidelines for stablecoins operation

According to the bank, “A Class 1 Licensed Issuer shall maintain paid-up capital of N10 billion Naira or such higher amount as the Bank may prescribe, on entry and at all times thereafter. To avert it from being used for money laundering on terrorism financing, the CBN said “A provider shall maintain criteria, approved by its board and notified to the Bank, for identifying a customer that buys, sells or exchanges Regulated Tokens on the Person-to-Person (P2P) Service as a business, having regard to transaction volume, frequency, number of counterparties and advertising of rates.

Read →
CBN sets N10bn, N15bn capital requirements for stablecoin issuers
business

CBN sets N10bn, N15bn capital requirements for stablecoin issuers

The Central Bank of Nigeria (CBN) has introduced new regulatory guidelines for stablecoin issuers and other virtual asset service providers, setting minimum paid-up capital requirements of N10 billion and N15 billion for two categories of operators. Under the new guidelines, Class 1 licensed issuers, covering naira-referenced stablecoins, are required to maintain a minimum paid-up capital of N10 billion, while Class 2 issuers, covering foreign currency-referenced stablecoins, must maintain N15 billion.

Read →
Ghana, Trinidad and Tobago explore new investments, expanded oil and gas partnerships
business

Ghana, Trinidad and Tobago explore new investments, expanded oil and gas partnerships

Ghana and Trinidad and Tobago are seeking to deepen their economic relations, with fresh discussions focusing on attracting new investments and expanding cooperation in the oil and gas sector. The Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, held discussions with his Trinidad and Tobago counterpart, Sean S.M. Sobers, on the sidelines of the just-ended Commonwealth Heads of Government Meeting (CHOGM) in Antigua and Barbuda.

Read →
World Bank, IMF recognise Tinubu’s economic reforms – $1tn economy target achievable – Yilwatda
business

World Bank, IMF recognise Tinubu’s economic reforms – $1tn economy target achievable – Yilwatda

The National Chairman of the All Progressives Congress (APC), Prof. Nentawe Goshwe Yilwatda, has said Nigeria’s ambition of building a $1 trillion economy is within reach, citing the economic reforms introduced by President Bola Tinubu and their recognition by the World Bank and the International Monetary Fund (IMF). He stated this in Uyo, Akwa Ibom State, where President Tinubu and his entourage attended a rally at the Senator Godswill Akpabio International Stadium.

Read →
Nigeria’s External Debt Hits $145bn As Servicing Burden Rises — World Bank
business

Nigeria’s External Debt Hits $145bn As Servicing Burden Rises — World Bank

The World Bank’s International Development Association (IDA) accounted for $18.533 billion of the multilateral debt, while IMF Special Drawing Rights allocations stood at $5.516 billion. Despite the increase in the debt stock, Nigeria recorded improvements in two key debt indicators, with external debt relative to exports declining by 4.3 per cent to 212 per cent, while the debt-to-Gross National Income ratio fell by 6.6 per cent to 51 per cent.

Read →
Petrol prices set for possible November cut as crude oil drops sharply
business

Petrol prices set for possible November cut as crude oil drops sharply

Motorists in Ghana could see lower petrol prices from November 16 as a recent decline in international crude oil prices raises expectations of relief at the pumps, the Chamber of Petroleum Consumers (COPEC) has said. COPEC Executive Secretary Duncan Amoah says crude prices have fallen by more than 12 to 14 per cent over 48 hours, creating the possibility of a downward adjustment in the next fuel pricing cycle.

Read →