Tag: FIRS

NNPCL Rakes In N318bn to Kickstart New Oil Exploration

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According to a report, the Nigerian National Petroleum Company Limited (NNPCL ) was awarded N318.05 billion for frontier oil exploration between January and August 2025. Documents from the September 2025 Federation Account Allocation Committee meeting was able to collect support this claim. 30% of the income from Production Sharing Contracts, which are automatically set aside each month for inland basin exploration, are represented by the deductions. The Frontier Exploration Fund was established by the Petroleum Industry Act of 2021, and it requires that 30% of the earnings from NNPC’s Production…

FIRS names 16 tech firms for e-invoicing onboarding

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FIRS Begins Fresh Recruitment Exercise - [See How To Apply]

16 tech businesses have been announced by the Federal Inland Revenue Service as service partners to help taxpayers join its e-invoicing platform. At a two-day workshop in Lagos on Thursday, the tech companies—certified by the National Information Technology Development Agency as access point providers and system integrators—were introduced to assist taxpayers with the onboarding, system integration, and invoice transmission processes. The National E-Invoicing Solution (Merchant-Buyer Model), as defined by the FIRS, is a computerized record of transactions between buyers and suppliers that essentially replaces conventional paper or electronic documents like…