How To Obtain NIPEX License In Nigeria
How To Obtain NIPEX License In Nigeria
How To Obtain NIPEX License In Nigeria. NIPEX (Nigerian Petroleum Exchange) is a dynamic and forward-thinking platform created to revolutionize the oil and gas industry in Nigeria. Designed with the aim of promoting transparency, efficiency, and competitiveness, NIPEX plays a crucial role in streamlining the procurement and trading processes within the Nigerian petroleum sector.
At its core, NIPEX provides a centralized, open marketplace for buyers and sellers of petroleum products. It brings together key players from across the industry, including suppliers, contractors, and government agencies, allowing for fair and transparent transactions. The platform is an essential tool for improving the efficiency of operations, reducing inefficiencies, and ensuring the fair allocation of resources.
Securing a NIPEX JQS (Nigerian Petroleum Exchange Joint Qualification System) license is crucial for any company looking to tap into the abundant contract opportunities in Nigeria’s oil and gas sector.
Benefits of NIPEX Registration
- Access to Contract Opportunities: Registering with NIPEX gives suppliers access to a wide range of tenders and contracts from major players in the oil and gas sector.
- Increased Visibility: Being listed on the NIPEX database increases a company’s visibility to potential clients and partners.
- Professional Recognition: NIPEX registration is a mark of professionalism and compliance with industry standards.
Requirements for NIPEX JQS Registration
Before registering on the NIPEX platform, companies must meet the following statutory requirements:
- CAC Certificate
- Form CO2(Return of Allotment)
- Form CO7(Particulars of Directors)
- NUPRC Certificate(formerly DPR Certificate)
- Tax Clearance Certificate
- VAT/TIN Certificate
- Form 2.1(Company Secretary Details)
- Updated Annual Returns
- ITF Certificate(Industrial Training Fund)
- NSITF Certificate(Nigeria Social Insurance Trust Fund)
- PENCOM Certificate(National Pension Commission)
- ISPON Certificate(Institute of Safety Professionals of Nigeria)
- Group Life Assurance
- Medical Retainership
- Audited Accounts
Registration Process for Standard Suppliers
- Download the NIPEX JQS Application Form
- Complete the Application Form
- Make Payment: Pay $200 or ₦25,000 to NIPEX bank accounts at GT Bank or UBA Plc. Payment details can be found on the application form.
- Submit the Form and Deposit Slip: Send the completed form and original deposit slip to the NIPEX office.
- Receive User ID and Password: NIPEX will email a User ID and Password to access the pre-qualification questionnaire.
- Complete the Pre-qualification Questionnaire: Fill out the questionnaire online and submit hard copies of supporting documents to the NIPEX JQS Team.
- Quality Check: NIPEX will verify the accuracy of the questionnaire and request amendments if necessary.
- Database Upload: NIPEX uploads the information to the JQS database and confirms publication.
- Industry Audit: An on-site verification by an Industry Audit Team completes the pre-qualification process.
Registration Process for Essential Services Suppliers
- Download the NNPC Essential Services Application Form
- Submit the Completed Form: Submit the form in person or via courier to the NIPEX office.
- Receive Log-in Details: NIPEX will provide log-in details via email.
- Complete the Pre-qualification Questionnaire: Access, complete, and submit the questionnaire online.
- Quality Check: NIPEX will verify the accuracy of the submitted questionnaire.
- Database Upload: Information is uploaded to the NJQS database.
New Registration Process
- Log on to the NIPEX Website: Visit www.nipex-ng.com and navigate to ‘NJQS Registration’.
- Complete the Registration Form: Fill out and submit the form.
- Make Payment: Follow the instructions for offline or online payment, or provide proof of prior payment.
- Provide Additional Company Details: Complete additional required details.
- Upload Mandatory Documents: Ensure all documents are in PDF or JPEG format.
- Quality Check: NIPEX will review documents for completeness.
- Receive Confirmation: Upon successful document upload, receive log-in details to access the full registration questionnaire.
- Complete and Submit the Questionnaire: Ensure accuracy and completeness before submission.
- Desktop and On-site Audits: Undergo a desktop audit followed by an on-site audit upon successful completion.
Payment Process
Steps to Pay Through Remita:
- Visit www.remita.net
- Click on “Pay a Federal Government Agency”
- Enter MDA Name: National Petroleum Investment Management Services
- Select Service/Purpose: National Petroleum Investment Management Services Fees
- Describe the Payment: Indicate the specific fee (e.g., NJQS Registration fee ₦25,000)
- Provide Company Details: Enter your company name, email, and phone number.
- Complete the Payment: Follow the instructions to generate an RRR code and make payment at the bank.
Conclusion
Obtaining a NIPEX License is an essential step for businesses in Nigeria’s oil and gas industry to participate in the digital marketplace for petroleum products. By following the outlined steps and ensuring all required documents and information are accurate, you can successfully apply for and receive your NIPEX license. Once you’re licensed, you’ll be able to engage with other stakeholders, simplify procurement processes, and contribute to the growth and transparency of the Nigerian oil and gas sector.
Ready to Get Your NIPEX License?
Don’t miss out on the opportunity to streamline your business operations in Nigeria’s oil and gas industry. Apply for your NIPEX License today and gain access to a world of new possibilities.
Contact Us for more information on how we can assist you with the process, kindly click to contact us SOW Professional Services Ltd :
E-mail: care@sowprofessional.com
Website: www.sowprofessional.com
Phone: 07038254989
Whatsapp: 07038254989
