The Central Bank of Nigeria (CBN) announces the allocation of two additional crude oil terminals to Swede Control Intertek Limited, a pre-shipment inspection agent. According to reports, the decision is part of efforts to improve transparency in Nigeria’s crude oil trading and inspection processes. The allocation covers the terminals of Cawthorne and Okwok. Vanguard reports that the announcement is contained in a CBN statement signed by Aderinola Shonekan, Director of the CBN’s Trade and Exchange Department, indicating that the Federal Government’s action is carried out through the central bank. The Punch similarly reports that CBN allocates the two terminals to Swede Control Intertek Limited, linking the move to stronger transparency in crude oil exports. Both outlets present the same core details: the CBN’s role, the inspection firm’s name, and the two terminal locations. The reports do not provide additional information on timelines for implementation or any changes to existing inspection arrangements beyond the new allocations.
CBN allocates two additional crude oil terminals to Swede Control Intertek
The Central Bank of Nigeria (CBN) announces the allocation of two additional crude oil terminals to Swede Control Intertek Limited, a pre-shipment inspection agent. According to reports, the decision...
- The Central Bank of Nigeria (CBN) allocates two additional crude oil terminals to Swede Control Intertek Limited.
- The terminals are Cawthorne and Okwok.
- Swede Control Intertek Limited is described as a pre-shipment inspection agent.
- The allocation is presented as part of efforts to strengthen transparency in Nigeria’s crude oil export/inspection process.
- The announcement is contained in a CBN statement signed by Aderinola Shonekan, Director of the CBN’s Trade and Exchange Department.
The CBN has allocated two additional crude oil terminals, Cawthorne and Okwok, to Swede Control Intertek Limited to strengthen transparency in crude oil ex Read More: https://punchng.com/cbn-allocates-two-additional-crude-oil-terminals-to-inspection-firm/
10 hours agoBy Elizabeth Adegbesan The Federal Government, through the Central Bank of Nigeria (CBN), has announced the allocation of two additional crude oil terminals to Swede Control Intertek Limited, a Pre-shipment Inspection Agent. The decision was contained in a statement signed by the Director of the CBN’s Trade and Exchange Department, Aderinola Shonekan. According to the […] The post FG allocates new crude oil terminals to Swede Control Intertek appeared first on Vanguard News.
12 hours agoWarsh begins as Federal Reserve chair, signaling a distinct approach
Multiple outlets report that Kevin Warsh has begun his tenure as Federal Reserve chair and is using early actions to est...
Asian stocks mixed as AI jitters and Iran-related oil uncertainty drive trading
Asian markets trade mixed to lower as investors reassess recent gains in technology and weigh uncertainties linked to th...
Traders remain confident in Malaysian bonds after deficit warning
Traders continue to hold confidence in Malaysian government bonds after finance officials warned that the country may mi...