Answer:

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 (NUIMS), a Corporate Services Unit (CSU) of the Nigerian National Petroleum Corporation (NNPC) set up to enhance contracting processes in the oil and gas industry.