CBN announces pre-shipment inspection agent for oil export

The Central Bank of Nigeria, CBN, has announced the appointment of Candid Oil Services Limited as the pre-shipment inspection agent for the country’s oil export. 

The apex bank disclosed this in a notice dated July 1, 2026, by its director, Trade & Exchange Department, Aderinola Shonekan. 

CBN noted that while Candid Oil Services is now Nigeria’s pre-shipment inspection agent, Taurus Oil and Gas Depot has been allocated as its terminal. 

The apex bank said the appointment was in line with provisions of the PIA Act 1996. 

“This is to notify all authorized dealer banks, the Nigerian Customs Service, the Nigerian Upstream Petroleum Regulatory Commission, the Nigerian National Petroleum Corporation Limited, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, all terminal operators, all oil and gas companies, and the general public that the Federal Government has appointed the company listed below to operate as a Pre-shipment Inspection Agent (PIA) for oil export, in line with the provisions of the PIA Act, 1996,” the notice stated.