Economy
Over 4,000 Companies Yet To Complete E-Invoicing System Onboarding: FIRS
Over 4,000 Companies Yet To Complete E-Invoicing System Onboarding: FIRS
Over 4,000 companies yet to complete e-invoicing system onboarding: FIRS. The Federal Inland Revenue Service (FIRS) says more than 4,000 large taxpayers in Nigeria are yet to complete the onboarding process on the new electronic invoicing (e-invoicing) platform.
Mohammed Bawa, the project manager for the FIRS e-invoicing implementation, spoke on Thursday at the post-go-live e-invoice workshop for stakeholders.
The tax agency had announced the launch of the e-invoicing system on August 10. The initiative is expected to improve tax compliance and modernise revenue collection in Nigeria.
Bawa told journalists that the launch began with large taxpayers and only 1,000 of them have completed onboarding since the August deadline.
The project manager said the agency decided to extend the compliance deadline to November 1 to allow more time for onboarding and to provide guidance to companies on the integration process.
“Between the 1st of August to date, we have over 1,000 large taxpayers that have onboarded and commenced their integration, and we still have over 4,000 to do the onboarding,” Bawa said.
“So, FIRS felt it necessary to give an extension, an opportunity to those who have not been onboarded to be onboarded on the system.”
The FIRS official said the e-invoicing system is designed to promote transparency and improve Nigeria’s low tax-to-gross domestic product (GDP) ratio by capturing more economic activities, curbing under-declaration, and reducing tax evasion.
The innovation, Bawa said, will also help to formalise the informal sector, ensuring that more businesses are brought into the tax net.
“Formalisation will also help the businesses to grow, because these businesses cannot remain informal forever. Once they formalise, we’ll have more taxpayers in the tax net,” he said.
“If they remain within the informal sector, they will forever escape the tax net, and then the large taxpayers will continue to bear the burden of tax, because the majority of people doing business are outside the tax net.”
’16 SERVICE PROVIDERS CERTIFIED’
Also speaking, Emmanuel Eze, director of change management at the FIRS, said the 1,000 large taxpayers that have successfully onboarded represent only 20 percent of the target group.
FIRS
He said the agency has certified 16 service providers to act as both system integrators and access point providers (APPs) in the ecosystem, noting that the first live invoice transmissions were from pioneering organisations such as MTN Nigeria, Huawei Nigeria, and IHS Nigeria.
Eze, represented by Tayo Koleosho, chief of staff to the FIRS executive chairman, said the extension to November 1 should not be seen as an opportunity to delay but as a chance for stakeholders to complete integration, test transmissions, and ensure system readiness ahead of enforcement.
‘NEW E-INVOICING PLATFORM WILL ENABLE FIRS TO TRACK ALL BUSINESS TRANSACTIONS’
On his part, Mike Adoga, the acting director of the FIRS tax automation department, described the platform as an ecosystem involving taxpayers, system integrators, and access point providers.
According to Adoga, system integrators make taxpayers’ accounting and enterprise resource planning (ERP) systems compatible with the e-invoicing platform, while APPs handle secure transmission of invoices and ensure they are validated by the FIRS.
“What that translates into is that for every transaction that passes through that system, FIRS is aware of that transaction,” he said.
“So, we have an idea of what your tax liability is going to look like when it comes to your filing period.”
The acting director said the rollout is starting with large taxpayers — those with annual turnover of N5 billion and above — because their accounting systems are easier to integrate.
He added that plans to onboard small and medium enterprises (SMEs) and lower-turnover businesses will follow later.
Brazil Fines TikTok $30m Over Failure to Implement Child Safety
Brazil’s data protection agency on Tuesday fined TikTok nearly $30 million for failing to implement child safety measures in what it said was a “powerful signal” to social media companies.
Eereporter.com
Brazil has taken a tough stance on the regulation of social media platforms, cracking down on disinformation and requiring users under 16 years to have their accounts linked to those of their parents.
An enforcement director with the ANPD data protection agency, Fabricio Lopes, told a press conference that TikTok “was not taking the necessary measures to prevent adolescents from accessing the platform and from having the data of these children and adolescents processed.”
This data was “being used to offer advertising to adolescents.”
He said the fine of 153.7m reais ($29.9 million) was a “powerful signal to other platforms regarding how seriously the ANPD takes this work” and that the agency hoped they “get the message.”
TikTok agreed last week to pay $400m to settle a lawsuit with the US Department of Justice over claims that the video-sharing platform collected children’s personal data without parental permission.
– Tougher enforcement –
This month, the ANPD also ordered popular streaming platform Discord to suspend livestreams and video calls after a teenage girl was allegedly encouraged to take her own life during a broadcast.
The agency told AFP that an appeal filed by Discord on Monday against the suspension is under review.
ANPD director Lorena Coutinho said the agency had, last week, initiated proceedings to verify the compliance of 22 social media networks and platforms with a law passed this year to protect children and teens online.
In addition to the fine, the ANPD ordered TikTok parent company ByteDance to delete data collected in violation of regulations.
Coutinho said TikTok had committed to suspend all adverts for users who are not logged in.
TikTok has committed to “implementing a compliance plan to improve the protection of children and adolescents,” the ANPD said.
Brazil Fines TikTok
The platform will be required to automatically apply stricter privacy settings to accounts belonging to children under the age of 16, strengthen parental supervision systems, and implement stricter content filters.
TikTok did not immediately respond to requests for comment from AFP.
In 2024, the platform X was blocked for 40 days in Brazil, until the social media network owned by the world’s richest person, Elon Musk, complied with the Supreme Court’s orders to remove accounts spreading disinformation.
Eereporter.com
Economy
Umahi Leads the Way as Tinubu Orders Immediate Action on Benin-Agbor-Asaba Road Intervention
Umahi Leads the Way as Tinubu Orders Immediate Action on Benin-Agbor-Asaba Road Intervention
The Minister of Works, Senator Engr. David Umahi, CON, has moved swiftly to address the worsening condition of the Ifaki-Kabba-Ado Ekiti road in Ekiti and Kogi States, and Benin-Agbor-Asaba Roads following President Bola Ahmed Tinubu’s directive for urgent intervention to ease the hardship being faced by motorists and commuters.
Eereporter.com
Umahi, who expressed deep concern over the deplorable condition of the road and the suffering of road users who have spent hours and, in some cases, days on the route, said the Federal Government was determined to take immediate corrective measures while working towards permanent solutions.
“President Tinubu, GCFR, has directed the Federal Ministry of Works to urgently intervene and ensure that necessary corrective actions are taken to restore movement on the affected roads as quickly as possible.” Said Umahi
The Minister, in response to the directive, has already set machinery in motion for immediate action.
As part of the intervention, Umahi directed the Minister of State for Works to lead a team of ministry officials to the Ifaki-Kabba-Ado Ekiti axis to assess the situation and commence urgent remedial works.
The assignment is already on as of 10 a.m. on Tuesday, August 25, 2026, with officials of the Ministry on the ground to begin the intervention.
While the intervention team moved into Ekiti and Kogi States, Umahi himself headed to Benin, Edo State, alongside members of the National Assembly Works Committees, to initiate a similar coordinated intervention on the Benin-Agbor-Asaba road.
The Benin meeting is expected to bring together key stakeholders, including representatives of the Edo and Delta State Governments and the Niger Delta Development Commission (NDDC), with the aim of finding immediate solutions to the challenges confronting motorists on the strategic corridor.
Umahi also took responsibility for the unfortunate situation on the affected roads and apologised to commuters who have been stranded or delayed for several hours and days.
Benin-Agbor-Asaba
He assured road users that the Federal Government’s response would go beyond temporary relief, with immediate measures being pursued alongside permanent solutions to restore the affected roads and improve their long-term reliability.
Francis Nwaze
Senior Special Assistant to the Honourable Minister of Works (Media)
August 25, 2026
Eereporter.com
Economy
NNPC Cares: Boost for Nationwide Medical Access as NMSL Deploys Laparoscopic Instrument in Abuja
NNPC Cares: Boost for Nationwide Medical Access as NMSL Deploys Laparoscopic Instrument in Abuja
NNPC Medical Services Limited (NMSL) has deployed articulating laparoscopic instruments at its main hospital in Utako, Abuja. The machine is an advanced surgical equipment designed to enhance precision and flexibility during laparoscopic procedures.
Eereporter.com
The latest deployment widens the range of procedures available at the medical facility and represents a boost for healthcare access in the country.
NNPC
Acting Managing Director / Chief Operating Officer, NMSL, Dr. Dickson Bada, received the equipment from SQI Limited, represented by Dr. Emmanuel Otitoloju.
NNPC Limited continues to invest in its medical facilities, which are open to the public nationwide, towards improving healthcare delivery in Nigeria.
Eereporter.com
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