The Nigerian National Petroleum Company (NNPC) Limited has announced the opening of bids for its oil, non-oil, assets and liabilities insurance program for the year 2023/2024.
Insurance companies and insurance brokers registered in Nigeria, who are interested in the oil and gas industry, have been invited to tender their bids.
It listed various criteria that all interested Insurance Brokers seeking to be considered must satisfy to include:
As Brokers for it’s non-oil Assets and liabilities, all interested companies seeking to be considered must be a Limited Liability Company registered with the Corporate Affairs Commission (CAC) in Nigeria and licensed by the National Insurance Commission (NIC) to operate as an Insurance Broker.
It stated further that insurance companies must maintain adequate professional indemnity cover for it’s businesses and must be a corporate citizen that pays it’s taxes as and when due and in possession of current Tax Clearance Certificate.
The NNPCL further added that interested companies must also fulfil all statutory requirements to operate as an Insurance Broker in the Nigerian oil and gas industry.
The notice stated that all interested bids should be submitted online before noon of Thursday, October 27,2022 as documents will only be received electronically.
