Everything You Should Know About the FIRS E-Invoicing Tax System
Introduction of FIRS e-invoicing: The Federal Inland Revenue Service (FIRS) has launched an electronic invoicing system aimed at improving tax compliance, modernizing revenue collection, and reducing tax evasion in Nigeria.
Performance Metrics: In 2024, FIRS generated N21.6 trillion, surpassing its target by 11.34%, marking a significant increase from previous years' collections.
Onboarding Process: The e-invoicing platform, known as the merchant-buyer system (MBS), went live on August 1, 2025, with large taxpayers expected to onboard by November 1, 2025; over 1,000 companies have already joined.
Role of Access Point Providers (APPs): APPs are intermediaries that facilitate the transmission of invoices, ensuring data accuracy and compliance before sending them to FIRS for approval, thereby enhancing the efficiency and security of tax transactions.
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Technical Analysis for
Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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