NIGERIA

E-INVOICING

Delve into the compliance standards, unravel the e-invoicing framework and infrastructure. ​

Note: the Country Profile below is focused on the current eInvoicing and eReporting obligations.

Scope

​B2B eInvoicing ​

The Nigerian government has implemented a new rule requiring all import and export transactions to use electronic invoices.​ However, there are specific exceptions to this rule

Adoption timeline

Since February 1, 2022, all imports and exports in Nigeria must have electronic invoices verified by authorized banks

Model

E-invoices are submitted through the government’s Trade Monitoring System (TRMS), run by the Central Bank of Nigeria (CBN) for verification

Format

n/a

Archiving

n/a

External references:

• Central Bank of Nigeria (CBN) – [link]​
• Trade Monitoring System (TMRS) – [link]

Other initiatives

Nigeria’s Federal Inland Revenue Service (FIRS) announced the intention to introduce mandatory e-invoicing for B2B, B2C, and B2G transactions as part of its 2024 tax reforms.

This initiatives represents and extension of the eInvoicing scope to all transactions: in fact, Nigeria already mandates e-invoicing for import/export transactions via the Central Bank’s portal.

Implementation dates and further details have yet to be published.

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