The Central Bank of Nigeria (CBN) has approved the appointment of 11 pre-shipment monitoring and evaluation agents for oil and gas exports in Nigeria.
The announcement was made in a circular, TED/FEM/PUB/FPC/OO1/014, dated May 13, 2024.
The CBN’s Director of the Trade and Exchange Department, Dr. Hassan Mahmud, disclosed that the appointments are effective immediately.
The circular, seen by Nairametrics, said the appointments include nine pre-shipment inspection agents and two monitoring and evaluation agents.
Lists of appointees
The circular listed the nine pre-shipment Inspection agents as follows:
Monitoring and Evaluation agents:
More Insights
The CBN also stated that the directive has been communicated to authorized dealers. These include the Nigerian Customs Services, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian National Petroleum Company Limited (NNPCL).
Additionally, the directive has also been sent to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), all terminal operators, and all oil and gas companies.
According to the directive, this is to ensure that all relevant parties are informed and compliant with the new regulations.