NNPC Ltd. Seeks Insurance Brokers for Oil Assets and Liabilities

By Mo Hanif

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced its intention to engage insurance brokers for the insurance coverage of its oil assets and liabilities for the year2024/2025. This Request for Expression of Interest (EOI) presents a lucrative opportunity for registered insurance brokers in Nigeria.

Interested parties are invited to participate in the bidding process by visiting the official website of NNPC Ltd. at cms1977.nnpcgroup.com/uploads/INSURA…, where comprehensive details, eligibility criteria, and submission guidelines can be found. It is essential to carefully review the requirements before proceeding with the submission.

To ensure a fair and transparent process, all submissions must be completed electronically via the NIPEX Tender Portal. The deadline for submission is set for12:00 noon on Monday, November13,2023. Bidders who have successfully submitted their proposals will have the opportunity to attend the virtual live-stream bid opening session.

NNPC Ltd. recognizes the importance of securing comprehensive insurance coverage for its valuable oil assets and liabilities. By engaging qualified insurance brokers, the company aims to mitigate risks and protect its interests in the oil industry.

This EOI presents a significant opportunity for insurance brokers to showcase their expertise and provide innovative solutions to NNPC Ltd. It is expected that the selected broker will demonstrate a deep understanding of the oil industry, possess a strong track record in insurance brokerage, and offer competitive pricing.

NNPC Ltd. encourages all eligible insurance brokers to seize this opportunity and submit their proposals. The company looks forward to receiving high-quality submissions and engaging in a transparent and competitive selection process.

For further information and updates, interested parties are advised to regularly visit the official website of NNPC Ltd. and the NIPEX Tender Portal.

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