**Nigerian Fintech Duplo Receives Licences for E-Invoicing and Tax Transmission - A Boost for Businesses** In a significant development, Nigerian fintech company, Duplo, has secured the necessary licences from the Nigeria Revenue Service (NRS) to enable businesses generate electronic invoices that comply with tax regulations. This move is expected to simplify payment processes for businesses operating in Nigeria, particularly as the country tightens tax compliance under its new digital tax framework. Duplo, a payment platform that digitises payment flows, has been granted both the Systems Integrator (SI) and Access Point Provider (APP) licences, allowing it to provide a single operational layer that connects payments, invoicing, and tax logic within its platform. This means that businesses using Duplo can now automatically generate and transmit electronic invoices to the tax authority, and settle payments without having to navigate multiple systems. The NRS's new digital tax framework aims to replace paper-based billing with a more efficient electronic system. Large taxpayers are already required to comply, but from July 1, medium taxpayers with an annual turnover between ₦1 billion and ₦5 billion will also be expected to meet the standards. Failure to comply can result in significant penalties, including administrative fines, daily penalties, and a 100% tax surcharge on unreported transactions. Duplo's new licences are particularly relevant in the Nigerian business landscape, where companies are still grappling with the complexities of tax compliance. The company's platform is designed to support businesses in preparing for the mandatory electronic invoicing rollout, making it easier for them to comply with tax regulations and avoid penalties. "We believe that Africa's next growth phase requires robust financial systems, not temporary patches," said Yele Oyekola, CEO and Co-Founder of Duplo. "Our licences will enable businesses to operate more efficiently and effectively, which is essential for Nigeria's economic growth." With its new licences, Duplo is poised to play a significant role in Nigeria's fintech landscape, providing businesses with a reliable and efficient solution for e-invoicing and tax transmission.