People have been asking “what is the benefits of registering with NipeX or what do we stand gain after registering with NipeX?”, how soon can we get the certificate?”. We try to answer these questions and more on this post. Steps or Processes on NipeX Registration, Benefits of using NipeX or Benefits of Registering with NIPEX, I will assume they are the same question.
The key one: Upon completion of NipeX registration, you will be migrated to e-Marketplace with login details. NipeX does not give certificate for registering with them.
What is NipeX?
NipeX is an acronym for the Nigerian Petroleum Exchange. It is an online platform that comprises two web-based solutions – the Joint Qualification System (JQS) and the e-Marketplace.
NipeX is a division of the National Petroleum Investment Management Services (NAPIMS), a Corporate Services Unit (CSU) of the Nigerian National Petroleum Corporation (NNPC Limited) set up to enhance contracting processes in the oil and gas industry in Nigeria.
What is JQS?
JQS means Joint Qualification System. It is designed to pre-qualify Suppliers registered in Nigeria. It increases efficiency and instills integrity in the pre-qualification process of the Nigerian Oil and Gas industry. NJQS Registration can also be called NipeX Registration
Read: NipeX Registration Processes & Requirements
What is e-Marketplace as regards to NipeX?
The NipeX electronic (online or webbase) marketplace (e-Marketplace) is a collaborative environment designed to facilitate contract processing between Operators (Buyers) and NNPC. In otherwords, It is the bidding platform of NipeX where tenders are progressed from Opportunity phase upto Commercial phase.
Two NipeX Users:
The NipeX platform has two (2) categories of users (companies) that are registered in Nigeria. The users are Buyers (Operators) companies and Suppliers (Contractors) companies.
The Buyers are those companies that uses e-Marketplace to issues contracts while the Supplier companies are the companies seek to receive jobs/ contracts from e-Marketplace.
The Buyers (Operators) companies do not need to register to use NipeX. However, they need to be configured on the NipeX system. As a Buyer, you need to contact the NipeX Customer Relations and Marketing (CRM) Department for more information and for your configuration on the NipeX platform.
The Suppliers (Contractors) companies need to be registered through Joint Qualification System.
Read: Local Content (NOGIC JQS) Registration
Benefits of Registering with NIPEX
It is important to note here that registering with NipeX, you have registered with All Oil & Gas Buyer companies in Nigeria. Whether they are foreign or local companies operating in Nigerian Oil & Gas industry.
What this means is, All Oil & Gas Buyer companies in Nigeria summits certain jobs/ contracts and use NipeX platform to manage the bidding processes and to issue the contract(s) / job(s) to qualifies Suppliers.
Other Benefits of using NipeX
– Shorter contracting cycle time
– Improved interaction amongst Stakeholders in the Nigeria Oil & Gas industry
– Industry-standard database of pre-qualified Suppliers
– Wider access to business opportunities for Suppliers
– Lower contract processing costs for Stakeholders
– Improved transparency in the contracting process
– Improved monitoring and compliance in the Oil and Gas industry
– Increased visibility of contract opportunities to indigenous contractors/Suppliers for capacity building
Read: Oil & Gas Registration, Permits & Certificates in Nigeria
NipeX Registration Required Documents
1. Certificate of Incorporation
2. Form CO2 – Allotment of shares
3. Form CO7 – List of Directors
4. Department of Petroleum Resources (DPR) Certificate
5. Current Company Tax Clearance Certificate
6. VAT Certificate
7. PENCOM Certificate (where applicable)
8. Reference letter from your bank
9. Current ITF Registration Certificate
Services offered by NipeX
NipeX offers the following services:
– Supplier Pre-qualification – Provides a more efficient and transparent industry-wide Supplier pre-qualification process and standards.
– Reporting and Analytical Services – Provides reports to improve transparency, monitoring and control in the industry. Third Party Services – Advert Placement, Tender Processing, Forward Auction. Supplier Verification, Pre-qualified Supplier Sourcing.
– Industry Collaboration – Facilitates efficient communication, interaction and data exchange between Stakeholders in the industry.
– Online Approval – Promotes efficient online review and approval of contract documents and bids throughout the contracting cycle.
– RFx – Request for X where X stands for Information, Proposal or Quotation. This facilitates the publishing of the bid documents by buyers to prequalified suppliers of the product code. Reverse – Auction – Ensures transparent commercial tendering process, competitive pricing and contract award recommendation.
– Reporting and Analytical Services – Provides reports to improve transparency, monitoring and control in the industry. Third Party Services – Advert Placement, Tender Processing, Forward Auction. Supplier Verification, Pre-qualified Supplier Sourcing.