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

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.

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.

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.”

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