The Central Bank of Nigeria issued a Trade and Exchange Department circular notifying authorised dealers and other stakeholders that the Federal Government has reviewed the allocation of crude oil and gas terminals to Pre-shipment Inspection Agents (PIAs) and the assignment of PIAs to Monitoring and Evaluation Agents (MEAs). The revised allocations replace the previous distribution and take immediate effect. The circular sets out the updated terminal mapping, including allocations to Swede Control Intertek Limited, JBIS Integrated Resources Ltd, Patibon Services Ltd, Candid Oil Ltd, and Dakee Engineering & Construction Ltd (Gas), covering terminals such as Ima (Otakikpo), ERHA, Ajapa, Agbami, Bonga, Forcados, Bonny, LNG and Escravos. It also lists Arlington Securitas Nigeria Ltd as an MEA to monitor PIAs including JBIS, Offshore Bulk Inspection Co. Ltd, Holborn Oil & Gas Services Limited, Candid Oil, Dakee Engineering & Construction Ltd (Gas) and Neroli Technologies Limited.
Central Bank of Nigeria 2025-03-28
Central Bank of Nigeria revises crude oil and gas terminal allocations for pre-shipment inspection agents and monitoring arrangements with immediate effect
The Central Bank of Nigeria announced a revision in the allocation of crude oil and gas terminals to Pre-shipment Inspection Agents (PIAs) and their assignment to Monitoring and Evaluation Agents (MEAs). The updated terminal mapping includes allocations to companies such as Swede Control Intertek Limited and JBIS Integrated Resources Ltd, with Arlington Securitas Nigeria Ltd designated as an MEA. These changes are effective immediately.