Nipex What We Do

NipeX (Nigerian Petroleum Exchange) is an electronic one-stop transaction center, Its a division of NAPIMS, a Corporate Service Unit of NNPC that improves on value procurement in the oil and gas industry and institutionalizes world-class contracting processes in Nigeria.

The electronic contracting platform uses product codes to identify the type of products and services a contractor will have as an option and whether it is permitted to operate in the Nigerian oil and gas sector. It links Buyers and Suppliers by establishing industry-wide standards for business transactions, and provides a comprehensive suite of capabilities, which includes a platform for showcasing tender opportunities.

NipeX New Registration Process
NipeX JQS Registration Fee – ₦30,000.00, Maximum of 20 product codes is allowed during new or first registration.

Documents needed for the New NipeX registration
- Relevant Department of Petroleum Resources – DPR Permit
- Corporate Affairs Commission (CAC) – Certificate of Incorporation
- Form CAC 02) – Statement of share capital and return of allotment of shares
- Form CAC 07) – particulars of Directors
- Annual returns with Corporate Affairs Commission (CAC10)
- Certificate of Registration of Increase in Share Capital (if applicable)
- Memorandum and Articles of Association
- Registration and Current Remittance with Industrial Training Fund (ITF)
- Evidence registration Nigerian Social Insurance Trust Fund (NSITF).
- Evidence of Pension Fund Administrator and current remittance (Pencom)
- Evidence of Group Life insurance policy
- Evidence of Registration with Federal Inland Revenue Services (FIRS)
- Current Company Income Tax Clearance Certificate (TCC)
- Audited account for last three (3) years
- Evidence of Medical Retainership with a clinic/hospital or HMO
- Registration with NCDMB (NOGIC JQS)
- Institute of Safety Professionals of Nigeria (ISPON) Membership Certificate
- Bank reference addressing to NIPEX
NipeX Joint Qualification System Renewal

To renew your contract with NJQS please complete the company information and payment details below and return to the NJQS team at the address shown. Upon confirmation of payment your account will be re-activated.

NipeX Renewal Process

The annual renewable fee – ₦25,000.00 and the renewal form can be downloaded from the portal, www.nipex-ng.com.

Renewal form
DPR/NUPRC Certificate
Form Co2
Form Co7
CAC Certificate
ITF
Pencom
VAT Certificate
Tax Clearance
Reference Letter from the bank
NipeX Product Code Addition
A total 10 Addition of new NJQS product/service can be added to your company NipeX Product Code in a year. The cost fee – $2,000 or ₦600,000.00.
- Relevant DPR Permit
- CAC Certificate
- List Of Equipment
- Job History Of Selected Code
- Memorandum & Article Of Association (Memat)
- Memorandum Of Agreement (If Applicable)