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).
