The Central Bank of Nigeria (CBN) has introduced the Cross-Border e-Invoicing program to prevent depletion of foreign currency reserves and to tackle fraudulent trade practices related to trade mis-invoicing, price transfers and tax evasion.
We have been appointed by the CBN as a service provider for its trade e-invoicing program in pursuance of Circular TED/FEM/FPC/PUB/01/001. As of February 1, 2022, invoices of import and export transactions in Nigeria have to be provided in an electronic format (exemptions apply).
In order to issue e-invoices, suppliers of goods and services must first register on the Enrolment Platform to request authentication. All they need to do is:
- Access and register to the Enrolment Portal
- Fill up various legal company details
- Provide various official company documents
After enrolment, we will deliver a digital certificate with credentials enabling access to the e-Invoicing Platform. If needed, we may request further information in case of unsatisfactory verification.
Following satisfactory registration and authentication suppliers can access the e-Invoicing Platform. They can then issue e-invoices as per the format specified by the Central Bank of Nigeria. Once e-invoices are cleared automatically by SGS, they are delivered to all relevant parties involved in the transaction. Suppliers will also have immediate access to the e-invoice and shall be able to transmit it to the buyers.
Why choose SGS?
As the world’s leading inspection, verification, testing and certification company with an unparalleled global network of expertise, we are committed to providing exporters to and in the Federal Republic of Nigeria with efficient services.