The Central Bank of Nigeria (CBN) has allocated two additional crude oil export terminals to Swede Control Intertek Limited, a pre-shipment inspection agent, as part of the Federal Government’s ongoing efforts to strengthen oversight and transparency in Nigeria’s crude oil export operations.

The decision was formalized in a circular dated June 15, 2026, signed by Aderinola Shonekan, Director of the CBN’s Trade and Exchange Department.

According to the circular, the newly assigned facilities are the Cawthorne Terminal and the Okwok Terminal. The directive was addressed to a wide range of stakeholders, including authorised dealer banks, the Nigeria Customs Service, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian National Petroleum Company Limited (NNPCL), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), terminal operators, oil and gas companies, and the general public.

The CBN has directed all parties to ensure full compliance with the new arrangement.

Pre-shipment inspection agents play a critical role in Nigeria’s crude oil value chain by independently verifying export volumes and documentation before shipments leave the country. Their work supports revenue assurance, export proceeds monitoring, and adherence to foreign exchange regulations.

This latest allocation expands Swede Control Intertek’s responsibilities within the government’s crude oil export monitoring framework.

The move builds on a broader restructuring of terminal allocations initiated in April 2025, when the CBN revised assignments for Swede Control Intertek and other Pre-Shipment Inspection Agents (PIAs) in the oil and gas sector. Under the previous arrangement, Swede Control Intertek was assigned to the Ima (Otahihvo), ERHA, and Aarca terminals. Other agents were allocated to various terminals across the country as part of the government’s push to enhance operational efficiency.

Crude oil exports remain Nigeria’s largest source of foreign exchange earnings and a major contributor to government revenue. The Federal Government’s continued review of inspection agent allocations reflects its commitment to ensuring greater accountability and transparency in the sector.