NIGERIA: The Central Bank of Nigeria has appointed eight pre-shipment inspection firms and two monitoring and evaluation agents for the country’s crude oil and gas exports under a revised export-supervision arrangement.
The appointments and terminal allocations were contained in a CBN circular dated October 29, 2026, which stated that the new arrangements took effect on October 2.
The circular, signed by Aderinola Shonekan, Director of the CBN’s Trade and Exchange Department, listed Dakee Engineering and Construction Limited, Trexem Energy Services Limited, Geoscape Limited, 617 Limited, Robinson International Energy Limited, Trobell International Nigeria Limited, Integrated Shipping Services Nigeria Limited and Kephren Business Limited as the appointed inspection agents.
Q&Q Control Services Limited and Arlington Securitas Nigeria Limited were appointed as monitoring and evaluation agents.
The notice was addressed to authorised dealer banks, the Nigeria Customs Service, the Nigerian Upstream Petroleum Regulatory Commission, the Nigerian National Petroleum Company Limited, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, terminal operators and oil and gas companies.
The affected institutions were directed to take note of the appointments and ensure compliance with the revised allocations under the Nigerian Export Supervision Scheme.
Pre-shipment inspection agents are responsible for independently verifying the quantity and quality of export cargoes before they leave Nigerian terminals. Their work supports the documentation and verification of petroleum exports, an important component of the country’s foreign exchange and revenue accounting system.
The development comes as Nigeria continues efforts to sustain improvements in crude oil production after years of losses associated with theft, pipeline vandalism, operational disruptions and difficulties evacuating output.
Data from the Nigerian Upstream Petroleum Regulatory Commission showed that the country produced an average of 1.53 million barrels of crude oil per day in September 2026, excluding condensates.
That was about two per cent above Nigeria’s Organisation of the Petroleum Exporting Countries quota of 1.5 million barrels per day, extending the country’s run of meeting its allocation to five consecutive months.
Combined crude oil and condensate production averaged 1,717,030 barrels per day in September, up 2.34 per cent from August. Output peaked at 1.84 million barrels on the highest-producing day of the month.
The NUPRC attributed the improvement to stable operations across most producing assets and the absence of major pipeline outages during the period.
For Nigeria, sustaining production growth and accurately accounting for exported volumes remain critical to maximising the benefits of higher international oil prices.
The effectiveness of the new inspection arrangement will depend on the consistency of verification across terminals and the quality of information supplied to the relevant regulators and financial authorities.
