Business

NRS Fixes 2028 for e- invoicing tax collections full takeoff

The project manager for the implementation of e-invoicing in NRS, Mr. Mohammed Bawa, disclosed this during a workshop organised by the NRS and eTransact, to sensitize taxpayers on how to transition from manual invoicing to e-invoicing.

Published

4 months ago

February 18, 2026

OCHEFA

207 Views

The Nigeria Revenue Service (NRS) has set a three year plan, up to January 2028, for the full implementation of the electronic -invoicing for tax collection in the country.

Bawa said that the NRS is aware that the implementation may not go smoothly as planned hence it has segmented the implementation in three stages starting with the large taxpayers, then medium taxpayers and then the emerging taxpayers.

“For complete transition, we are looking at precisely January 2028.Within the last one year, we’ve been speaking directly to only large taxpayers and organizing so many engagements for them to ease the adoption process,” he said.

In the timelines, we started with the large taxpayers last year and by April this year full enforcement will start.

“We are giving attention to medium taxpayers in 2026, those with turnover between N1 billion and N5 billion.

We will do stakeholder engagements for them for three months, then we’ll do a pilot for another three months before we can announce the go-live from July 1, 2026, and enforcement January-March 2027.”

For the Emerging Taxpayers those whose turnover is below ₦1 billion, Bawa said their own engagement starts from January to March 2027, pilot rollout April-June 2027, go-live July 1, 2027, and enforcement January-March 2028.

Related Topics:Featured NRS e- invoicing tax collection

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BUA Group Denies Reports of Bid to Acquire Stake in Kano Pillars Football Club

Published

8 hours ago

June 30, 2026

Charles Flames

24 Views

BUA Group has firmly dismissed online reports claiming that the conglomerate and its Chairman, Abdul Samad Rabiu, submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

In a press statement issued on Tuesday, the company described the publication as inaccurate and misleading.

PRESS STATEMENT

Re: False Claims of Bid to Acquire Stake in Kano Pillars Football Club

Our attention has been drawn to an online publication suggesting that BUA Group and its Chairman, Abdul Samad Rabiu, have submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

We would like to clarify that this report is inaccurate and does not reflect any position, action, or communication from BUA Group or Abdul Samad Rabiu. No such bid has been made, and there has been no engagement with any party on this matter.

We kindly request that this report be disregarded, and we encourage the public and members of the press to rely only on official statements issued through BUA Group’s verified channels for accurate information regarding our activities.

We appreciate the continued interest in BUA Group and thank the public for their understanding.

BUA Group reiterated its commitment to transparency and urged stakeholders to verify information through its official communication channels.

Business

Nigeria’s oil minister orders marketers to reduce fuel price

“While we believe that market forces will eventually restore equilibrium, the regulator also has a statutory responsibility to ensure that deregulation does not become an avenue for profiteering. This must be done in line with the extant provisions of the Petroleum Industry Act,”said Lokpobiri.

Published

12 hours ago

June 30, 2026

OCHEFA

19 Views

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, at the NMDPRA General Counsel and Legal Advisers Forum, directed petroleum marketers to reduce fuel price .

At the two-day forum themed: “Beyond Compliance: Driving Regulatory Certainty and Investment Confidence in Nigeria’s Petroleum Sector, Lokpobiri noted that refiners and marketers have continued to sell petrol at elevated pump prices despite the significant decline in crude oil prices from a peak of $120 per barrel to about $72 per barrel last week.

He said: “Following de-escalation of tensions between Iran and the United States, we expected to see a commensurate downward adjustment in the prices of PMS and other petroleum products.However, that has not yet happened.”