FIRS Extends Deadline for Large Taxpayers on E-Invoicing & E-Fiscal System (EFS)
The Federal Inland Revenue Service (FIRS) has announced a three-month extension for the mandatory onboarding and transmission of electronic invoices under the National E-Invoicing & Electronic Fiscal System (EFS) regime. This extension applies to Large Taxpayers (businesses with annual turnover of ₦5 billion and above) who are required to comply with the new Merchant-Buyer Solution (MBS) platform.
Why Most Nigerian Companies May Fail the FRC SRG 1 & IFRS S1/S2 Readiness Test and How to Avoid It
The introduction of the Sustainability Reporting Guideline 1 (SRG 1) (2026) marks a significant milestone in Nigeria’s corporate reporting landscape, reinforcing the adoption of IFRS Sustainability Disclosure Standards (IFRS S1 and S2).
Onboarded vs. Compliant: What the NRS Requires
As Nigeria's e-invoicing requirements continue to evolve, many businesses may assume that completing the onboarding process is all that is required. However, being onboarded does not necessarily mean that an organisation is fully compliant. Understanding what the NRS requires beyond onboarding is critical for businesses seeking to avoid compliance gaps and operational risks.
