CBN Announces Eight New Agents for Crude Oil Exports

The Central Bank of Nigeria (CBN) has announced the appointment of eight new Pre-Shipment Inspection Agents (PIAs) to oversee the monitoring of Nigeria’s crude oil and gas exports. According to a circular issued by the Director of Trade and Exchange at the CBN, Aderinola Shonekan, on October 28, 2026, the newly appointed agents will play a crucial role in ensuring the integrity of Nigeria’s oil exports. The CBN did not specify when the appointments became effective. The decision follows a competitive bidding process, with the eight chosen agents demonstrating strong expertise and integrity. This move is expected to strengthen the oversight of Nigeria’s oil exports, enhancing transparency and accountability in the process. Read more on Vanguard News