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KYC Registration

Type: Crude/Condensates & NGLs Customers

Step 1
Guidelines and Conditions
Step 2
Basic Company Details
Step 3
Verify & Submit for Vetting
NOTE: This is this the first stage towards KYC Registration with NNPC Trading Limited. Kindly go through the Guidelines and Conditions for Crude/Condensates & NGLs Off-takers and Petroleum Products Suppliers below. Also note that all entry documents uploaded at this stage will be vetted before a User account is created for you on the portal in order for you to continue the application process.

Requirements for Crude/Condensates & NGLs Off-takers and Petroleum Products Suppliers

  1. Valid Certificate of Incorporation NOTARISED
  2. Memorandum and Article of Association NOTARISED
  3. Company Profile NOTARISED
  4. Ultimate beneficial owner details (where applicable) NOTARISED
  5. Company Tax Clearance Certificate for the last three (3) years for Nigerian companies and similar tax certification documents for foreign companies NOTARISED.
  6. Evidence of compliance with the provisions of Industrial Training Fund (ITF) Amendment Act 2011 by inclusion of copy of Compliance Certificate from the Industrial Training Fund (for Nigerian companies). NOTARISED
  7. Evidence of compliance with the Nigerian Social Insurance Trust Fund (NSITF) Act by inclusion of copy of Compliance Certificate (for Nigerian companies). NOTARISED
  8. Evidence of compliance with PENCOM Reform Act 2004 by inclusion of valid Pension Clearance Certificate (for Nigerian companies). NOTARISED
  9. Datapage of Directors/Key Mgt NOTARISED
  10. Compliance with Business Policy and Anti-Corruption Law (for Nigerian companies). NOTARISED
  11. Presigned Undertaking for Anti-corruption laws (for Nigerian companies). NOTARISED
  12. Signed and stamped Audited Financial Statements for 3 Consecutive years NOTARISED
  13. Ability to establish an irrevocable Credit facility (performance bond, letter of credit, bank guarantee, bank reference letter) subject to the payment terms
  14. Credit rating report/Financial rating of Company's bank(Finch & Moody)
  15. No overdue debt beyond sixty (60) days or litigation against NTL
  16. Evidence of Volumes Traded in the last 3 years NOTARISED
  17. Evidence of Markets Traded in the last 3 years NOTARISED
  18. Ownership of Trade facilities (storage or retail outlets) NOTARISED


Application Process Flow

  1. STAGE 1: The First Stage involves submission of basic company details,upload of Certificate of Incorporation and Article of Association.
  2. STAGE 2: This involves vetting the submission made in stage 1 above. If the submission is successfully vetted, the marketer is expected to proceed with application process.
  3. STAGE 3: Upload and Submission of requisite documents by the applicant.
  4. STAGE 4: Vetting and Verification of all documentes submitted by applicants.
  5. STAGE 5: MD's recommendation for approval or rejection of application.
  6. STAGE 6: GC's preparation of official communication to the counterparty that conveys category business.
  7. STAGE 7: Official Communication to Counterparty.

NOTE: These stages are done online via the NNPC Trading Online Marketers Portal.

Download Guidelines & Conditions
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