ADVERTISEMENT
Friday, March 20, 2026
  • Login
Tech | Business | Economy
No Result
View All Result
NEWSLETTER
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • BUSINESS SENSE FOR SMEs
    • Telecoms
    • Commerce & Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
    • Chidiverse
  • TECHECONOMY TV
  • Apply
  • TBS
  • Advertise
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • BUSINESS SENSE FOR SMEs
    • Telecoms
    • Commerce & Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
    • Chidiverse
  • TECHECONOMY TV
  • Apply
  • TBS
  • Advertise
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
  • News
  • Tech
  • Business
  • Partners
  • Economy
  • Features
  • TECHECONOMY TV
  • Apply
  • TBS
  • Advertise

Home » Duplo Taps Dual CBN Licenses to Automate Tax Compliance and Curb ₦500bn Revenue Loss

Duplo Taps Dual CBN Licenses to Automate Tax Compliance and Curb ₦500bn Revenue Loss

This dual-accreditation allows Duplo to provide a unique end-to-end Compliance-to-Commerce pipeline.

Peter Oluka by Peter Oluka
March 20, 2026
in Fintech
Reading Time: 2 mins read
0
Duplo co-founders

Duplo co-founders: Tunde Akinnuwa (CPO) and Yele Oyekola (CEO)

Duplo, a financial operating system for African businesses, has been granted both the Systems Integrator (SI) and Access Point Provider (APP) licenses by the Nigeria Revenue Service (NRS).

The licenses position the company as an accredited service provider for businesses operating in Nigeria ahead of the mandatory July 1, 2026, e-invoicing deadline for medium taxpayers.

This dual-accreditation allows Duplo to provide a unique end-to-end Compliance-to-Commerce pipeline.

While most providers only offer invoice generation, Duplo’s unified platform allows businesses to generate NRS-standard e-invoices, route them automatically to the tax authorities, and settle those payments instantly within the same ecosystem.

The Nigerian Revenue Service (NRS) estimates over ₦500 billion annually is lost to tax leakage, much of it linked to manual invoicing, under-reporting and poor documentation of transactions.

Subscribe to our Telegram channel for the latest updates.

Follow the latest developments with instant alerts on breaking news, top stories, and trending headlines.

Join Channel

Nigeria’s new Electronic Fiscal System (EFS) initiative is being introduced specifically to digitise invoice generation and reporting at the point of transaction.

By integrating compliance directly into the payment rail, Duplo is redefining the standard for enterprise financial operations, helping businesses transition from manual, high-risk processes to an automated, digital-first model.

MTN New
Stanbic
Advertisements

As the NRS transitions to a real-time pre-clearance model, businesses with turnovers above ₦1 billion face strict enforcement.

Non-compliance carries administrative fines of ₦200,000 plus 100% tax surcharges on unreported transactions.

Unlike fragmented solutions that force businesses to toggle between multiple apps for invoicing and banking, Duplo’s new licenses enable a seamless, automated workflow:

Automatic Routing: Businesses can plug existing ERPs (SAP, Oracle, QuickBooks, Microsoft Dynamics) into Duplo to automatically generate and transmit invoices to the NRS in the required UBL/XML formats.

Integrated Settlement: Once an invoice is validated by the NRS, it can be settled and reconciled immediately on the Duplo platform. This eliminates the manual “reconciliation lag” that accounts for the majority of financial discrepancies in Nigerian firms.

Companies like Maersk, Krones, DP World, Baobab, Miva Open University, Eat N’Go, IMG, SMT and more already trust Duplo to automate their payment workflows and maintain full visibility over their financial operations.

Commenting on the licenses, Yele Oyekola, CEO and co-founder of Duplo, said,

“Africa’s next growth phase requires robust financial systems, not temporary patches. By securing both the Systems Integrator and Access Point Provider licenses in Nigeria, we are providing the single operational layer that finally connects payments, invoicing and tax logic. This isn’t just about compliance; it’s about closing the loop. Our dual-license status allows businesses to bridge their existing ERPs directly to the national e-invoicing architecture, ensuring that every transaction is validated by the NRS and settled on our platform in one seamless motion. You don’t scale payment operations by adding headcount – you scale by automating decisions and standardizing the infrastructure of your business.”

0Shares

Stanbic
Advertisements
Previous Post

Nigus, Elmirate Unveil $200m Initiative to Support Africa’s Security Sector

Next Post

Amazon Plans New Smartphone After Fire Phone Failure

Peter Oluka

Peter Oluka

Peter Oluka (@peterolukai), editor of Techeconomy, is a multi-award winner practicing Journalist. Peter’s media practice cuts across Media Relations | Marketing| Advertising, other Communications interests. Contact: peter.oluka@techeconomy.ng

Next Post
Amazon Plans New Smartphone

Amazon Plans New Smartphone After Fire Phone Failure

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

MTN New
Techeconomy Podcast
Techeconomy Podcast

The Techeconomy Podcast is a thought-leadership show exploring the powerful intersection of technology, business, and the economy, with a strong focus on Africa’s fast-evolving digital landscape.

BUILDING TRUST IN AFRICA ECOSYSTEM
byTecheconomy

Africa’s digital economy is growing fast, but growth without trust cannot last.Join us for the February Edition of the Techeconomy Business Series as industry experts explore how trust, security, innovation, and user experience are shaping Africa’s evolving digital ecosystem.

BUILDING TRUST IN AFRICA ECOSYSTEM
BUILDING TRUST IN AFRICA ECOSYSTEM
February 27, 2026
Techeconomy
Navigating a Career in Tech Sales
January 29, 2026
Techeconomy
How Technology is Transforming Education, Health, and Business
November 27, 2025
Techeconomy
INNOVATION IN MOBILE BANKING
October 30, 2025
Techeconomy
The Rise of AI: Impact on Jobs & Businesses
September 25, 2025
Techeconomy
Search Results placeholder
UBA
Advertisements
Stanbic
Advertisements
  • About Us
  • Careers
  • Contact Us

© 2026 TECHECONOMY.

No Result
View All Result
  • Techeconomy
  • News
  • Technology
  • Business
  • Economy
  • Jobseeker
  • Advertise

© 2026 TECHECONOMY.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.