National Economy
Wednesday, September 3, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home News

FIRS Launches e-Invoicing Platform, 1,000 Firms Onboard Early

by Micheal Ijeh
3 weeks ago
in News
Reading Time: 1 min read
FIRS
Share on FacebookShare on TwitterShare on Telegram

The Federal Inland Revenue Service (FIRS) has begun onboarding large corporations onto its new electronic invoicing (e-Invoicing) platform, with more than 1,000 companies—about 20 per cent of eligible firms—already integrating into the system less than two weeks after its August 1 launch.

Executive chairman Dr. Zacch Adedeji said the platform, developed as part of the government’s Electronic Fiscal System (EFS), is designed to enhance tax transparency, curb evasion, and modernize Nigeria’s fiscal infrastructure.
Speaking in Abuja through his special adviser on media, Dare Adekanmbi, Adedeji explained that the rollout follows a pilot phase that began in November 2024 and is starting with companies whose annual turnover exceeds ₦5 billion.

“In less than two weeks of the initiative going live, no fewer than 1,000 companies, representing 20 per cent of over 5,000 eligible firms, have so far embraced the solution and commenced integration with the FIRS MBS platform,” Adedeji said.

Telecoms giant MTN Nigeria became the first company to transmit live electronic invoices to FIRS. Other multinationals, including Huawei Nigeria and IHS Nigeria, have completed test transmissions and are expected to go live soon.

You May Like

SEC Unveils New Website For Transparency, Investor Protection

FG Targets 44m Nigerians On Health Insurance 2030

To accelerate adoption, FIRS has partnered with the National Information Technology Development Agency (NITDA) to bring in service providers as System Integrators and Access Point Providers to handle onboarding, integration, and invoice transmission for taxpayers.

Acknowledging operational challenges faced by some companies, Adedeji announced a 3-month deadline extension to November 1, 2025. “In the spirit of encouraging voluntary compliance, the FIRS management has graciously approved a three-month extension of the deadline,” he said.

Tags: FIRS
ShareTweetShare
Previous Post

FG Denies Free “Revolutionary Diabetes Drug” Claim

Next Post

SEC Projects $10trn Digital Asset Boom In Africa, Mideast By 2030

ANOTHER GOOD READ

News

SEC Unveils New Website For Transparency, Investor Protection

20 hours ago
Federal Gov’t Approves ₦142bn For Bus Terminals In 6 Geopolitical Zones
News

FG Targets 44m Nigerians On Health Insurance 2030

20 hours ago
Banking Sector Inflows Hit $7bn, Highest Since 2019
News

Keystone Bank Chairman Chukwudozie Tasks Bankers On Integrity, Innovation

23 hours ago
FG Blames Multiple Loan Deductions For Housing Loan Denials
News

FG Blames Multiple Loan Deductions For Housing Loan Denials

2 days ago
Africa Prudential Records 75% PBT Growth, N41.35bn Assets In H1
News

Africa Prudential Records 75% PBT Growth, N41.35bn Assets In H1

2 days ago
Terra Cube Turns BBNaija Highlights Into Memes
News

Terra Cube Turns BBNaija Highlights Into Memes

2 days ago
Next Post
Unregistered Digital Investment Platforms Face 10-yr Jail Term, SEC Cracks Down Amid Outrage Over CBEX Cras

SEC Projects $10trn Digital Asset Boom In Africa, Mideast By 2030

Most Recent

SEC Unveils New Website For Transparency, Investor Protection

September 2, 2025
Federal Gov’t Approves ₦142bn For Bus Terminals In 6 Geopolitical Zones

FG Targets 44m Nigerians On Health Insurance 2030

September 2, 2025
Federal Gov’t Approves ₦142bn For Bus Terminals In 6 Geopolitical Zones

FG Admits Nigerian Embassies Face Unpaid Rents, Salary Arrears

September 2, 2025
CNG Price Fixed At N380 Nationwide, Lagos Abuja Included

CNG Price Fixed At N380 Nationwide, Lagos Abuja Included

September 2, 2025
Federal Gov’t Approves ₦142bn For Bus Terminals In 6 Geopolitical Zones

FG Launches Mandatory Teacher Ethics, Criminal Record Screening Nationwide

September 2, 2025
Federal Gov’t Approves ₦142bn For Bus Terminals In 6 Geopolitical Zones

FG Spends $120 Per Capita As Healthcare Underfunding Deepens

September 2, 2025
Banking Sector Inflows Hit $7bn, Highest Since 2019

Keystone Bank Chairman Chukwudozie Tasks Bankers On Integrity, Innovation

September 2, 2025
Sidi Ould Tah Takes Over From Adesina As AfDB President

Sidi Ould Tah Takes Over From Adesina As AfDB President

September 2, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy