Business and Finance

Procurement Officer at Nigerian Exchange Group (NGX Group)

Nigerian Exchange Group (NGX Group) is a leading financial market infrastructure provider in Africa, connecting Nigeria, Africa and the world.

We are recruiting to fill the position below:

Job Title: Procurement Officer

Location: Lagos, Nigeria
Job type: Full-time

About the Job

  • The Procurement Officer will support in managing the operational activities of the Unit.
  • The Procurement Officer will also be responsible for planning and developing systems, strategies, and procedures that will improve the efficiency of the department.
  • He/she would deliver services that meet business requirements, adhere to organisation policies and procedures as well as ensure adherence to Health and Safety standards.
  • This position reports to the Team Lead, Procurement.


  • Ensure policy guidelines /steps on procurement are followed.
  • Ensure that products and services are delivered as at when due.
  • Actively manage the supply chain, collaborate with internal stakeholders and suppliers, critically analyse company spend, and manage supplier risks.
  • Ensure all procurement requests are budgeted for.
  • Follow the due process in vendor/contractor selection and documentation.
  • Carry out the interview of prospective vendors/contractors and negotiate prices with them.
  • Process quarterly stock requests and provide procurement reports.
  • Carry out market price surveys at least once every quarter and submit reports on Market surveys.
  • Issuance of Purchase Orders.
  • Manage relationships with suppliers.
  • Manage Change in Contracts with stakeholders involved.
  • Prepare Monthly Expenditure Report, Monthly Cost Savings Index and Monthly Supplier Performance Management Dashboard.
  • Plan the Cost Optimisation Committee meetings; send out invites for meetings, prepare cost optimisation committee (COC) reports, and file COC Documents.
  • Maintain a price list quarterly across all items and services procured.
  • Identify new opportunities and innovations available in the supply chain.
  • Maintain a record of negotiated cost and value additions.
  • Work with departments in achieving set goals on various projects in the NGX Exchange.

Desired Competencies and Skill Requirements:

  • Comprehensive knowledge and expertise of procurement processes and standards.
  • Broad knowledge and understanding of international procurement/supply chain standards.
  • Understanding of Finance principles in order to manage the department’s budget.
  • Knowledge of Lagos and its environs (advantage).
  • Strong Negotiation, Strategic planning, and communication skills.
  • Ability to build and maintain strong networks with other admin managers of corporate institutions.

Job Specification
To successfully deliver the above goals, the right candidate must have:

  • Minimum of B.Sc / HND in Business Administration / Marketing / Commercial and Engineering related courses.
  • Minimum of 2 – 5 years’ experience in a Procurement related field.

How to Apply
Interested and qualified candidates should:
Click here to apply online

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