Economy
Sage Launches Payroll, Invoicing Software in Nigeria
By Modupe Gbadeyanka
Market and technology leader for integrated accounting, payroll & HR and payment systems, Sage, has released software products to aid simple and secure online payroll solution for start-up and small businesses.
The products are called Sage One Payroll and Sage One Invoicing, which have been released in the Nigerian market.
Designed to help small businesses focus on what really matters, these software solutions give business builders the freedom to run their businesses anywhere, anytime.
Sage One Payroll seamlessly integrates with Sage One Accounting, offering a complete business solution for start-up and small businesses.
On the other hand, the Sage One Invoicing is an entry-level version of Sage One Accounting that makes it easy for sole traders, self-employed consultants and other micro-business owners to produce professional quotes and invoices.
Speaking on the release, the Regional Director for Sage in West Africa, Mr Magnus Nmonwu, stated that, “We aim to make tasks such as admin and red tape invisible by 2020 so that businesses of all sizes can focus on their business strategy, their customers and following their dreams.
“This is why we place a huge emphasis on automating those tasks that business builders enjoy the least.”
It was gathered that the Sage One Payroll is a smart online payroll solution that can be accessed 24/7 and caters for local tax and legal requirements.
It allows unlimited earnings (owed to employees) and deductions (what the employee owes). The software makes it easy to calculate employees’ net salaries or wages, as well as deductions such as Pay-as-You-Earn (PAYE) and contributions to National Housing Fund (NHF), National Health Insurance Scheme (NHIS), pension and life insurance.
For as little as N600 for two employees per month, Sage One Payroll streamlines the capturing of transactions, automates payroll calculations and brings visibility to the business.
It also makes it simpler to keep track of annual changes to tax regulations that impact on payroll tax calculations.
“Sage One Payroll complies with all statutory requirements in Nigeria and is priced in local currency, yet it also has the full backing of a global software giant – Sage,” says Mr Nmonwu. “That means our customers enjoy the benefits of a cloud payroll solution which is designed for the local market and yet is built on the latest global best practices and technologies.”
Core features in Sage One Payroll include:
Easy to use: With easy-to-use templates and no payroll jargon, the solution allows employers to simply sign up, add employees and start processing within 5 minutes.
Available anywhere, anytime: Organisations can access data from the cloud which means that their data is available online, anywhere, anytime. All they need is an internet connection.
Tax submissions made easy: With Sage One Payroll, payroll legislation is taken care of. Employers can comply with Personal Income Tax Act requirements and generate tax certificates in one simple step.
Unlimited companies, employees and users: With this smart online payroll solution, the payroll expands and shrinks as a business grows, enabling it to add as many employees or pay cycles as it would like to.
Flexible pricing: The pricing plan, based on different brackets of employee count, won’t break the bank. Companies can pay per month or per year.
Combating fraud and user error: Sage One Payroll software delivers better visibility into transactions, provides an audit trail, reconciles input and output and offers a set of controls, checks and balances that help to prevent errors and fraud.
For the Sage Invoicing software, it enables sole traders and micro-business owners to quote and invoice on-the-go from their PC or mobile device, as long as they have access to an Internet connection, from only N27,840 a year and N2,900 a month.
Customers don’t need accounting software training or financial experience to use the software.
It also provides real-time reports and dashboards so customers can monitor the outcome of quotes, track due and overdue invoices, monitor gross profits and identify popular and fast-selling items. Providing a secure view of their finances on-the-go so they are ready to respond to business opportunities anytime, anywhere.
“Business builders can save hours of paperwork each month, so they don’t spend their weekends compiling invoices, issuing quotes or doing reconciliation,” Mr Nmonwu said.
“When a business outgrows Sage One Invoicing, it can easily upgrade to Sage One Accounting — the complete Sage solution for small businesses that require more accounting, cash flow management and business insights,” he added.
By Aduragbemi Omiyale
Barring any last-minute changes, the 50th Annual General Meeting (AGM) of Champion Breweries Plc will take place on Thursday, May 21, 2026, at the Oriental Hotel, Victoria Island, Lagos, at 11:00 am.
At the yearly shareholders’ gathering, some of the key statutory and governance matters to be considered will include the Audited Financial Statements for the year ended December 31, 2025, alongside the Reports of the Directors, Auditors, and the Audit Committee.
Other agenda items are the declaration of dividends, election and re-election of Directors, authorisation for Directors to determine the remuneration of the Auditors, and election/re-election of shareholders’ representatives to the Audit Committee.
In line with its commitment to transparency, accountability, and shareholder engagement, the AGM will be held physically while also being accessible to stakeholders via the company’s official website: www.championbreweries.com.
This year’s AGM comes at a defining moment in the organisation’s corporate journey, following a transformative year marked by strategic expansion initiatives, including the acquisition of Bullet Energy Drink and its successful engagement with the capital market to raise growth capital.
These developments reinforce Champion Breweries Plc’s commitment to strengthening its competitive positioning, expanding its portfolio, and delivering long-term shareholder value.
The brewer has strengthened its transition into a group structure with the acquisition of an 80 per cent stake in enJOYbev B.V., a strategic move already delivering early earnings contribution and validating its international expansion drive.
The subsidiary’s results are now being consolidated into the Group accounts for the first time, with enJOYbev B.V. already contributing positively to earnings through operating profitability within the reporting period, an early validation of the group’s expansion strategy.
“This AGM reflects a defining chapter in our journey as a Company. The acquisition of Bullet, our successful capital market engagement, and the integration of enJOYbev B.V. into our group structure all signal a deliberate strategy for sustainable growth and diversification.
“These milestones position Champion Breweries Plc for stronger performance, broader market reach, and enhanced shareholder value. We remain committed to disciplined execution, operational excellence, and the highest standards of corporate governance,” the chairman of Champion Breweries, Mr Imo Abasi Jacob, said.
By Adedapo Adesanya
The Nigeria Revenue Service (NRS) has unveiled a unified Taxpayer Identification (Tax ID) system for all taxable persons across the country as part of efforts to strengthen tax administration and improve transparency.
The agency announced the development in a public notice issued jointly with the Joint Revenue Board (JRB) on Monday.
According to the notice, the initiative is backed by Sections 6, 7, and 8 of the Nigeria Tax Administration Act, 2025, which mandate every taxable person in Nigeria to obtain a Tax ID, in a wider move to expand the country’s tax base.
The NRS said the new framework is designed to create a centralised and harmonised taxpayer database that would enhance interactions between taxpayers and revenue authorities at both federal and sub-national levels.
“The Tax ID will serve as a single, unified identity for all taxpayers, enabling seamless interaction with tax authorities at both federal and sub-national levels. It is designed to consolidate taxpayer records, eliminate duplication, and ensure more efficient management of tax-related information,” the agency stated.
The revenue agency explained that the new system would simplify tax compliance procedures, including taxpayer registration, filing of returns, and payment processes.
According to the NRS, the framework is also expected to improve accountability and reduce leakages in tax collection by creating better visibility and tracking of taxpayer information nationwide.
“The initiative will simplify tax compliance processes, including registration, tax filing, and payment procedures. The system will improve transparency by enabling better visibility and tracking of taxpayer records while reducing leakages and improving accountability in tax collection. The framework will also harmonise taxpayer information across all levels of government,” the notice added.
The agency further disclosed that the new Tax ID system would replace the existing Tax Identification Number (TIN) Validation API currently used by Ministries, Departments and Agencies (MDAs), financial institutions, and other organisations for taxpayer verification.
By Adedapo Adesanya
Three bellwether stocks weakened the NASD Over-the-Counter (OTC) Securities Exchange by 1.31 per cent on Monday, May 18.
This brought the NASD Unlisted Security Index (NSI) by 54.71 points to 4,133.70 points from 4,188.41 points, and shrank the market capitalisation by N32.73 billion to N2.473 trillion from N2.506 trillion.
Yesterday, FrieslandCampina Wamco Plc contracted by N12.45 to sell at N146.55 per share compared with last Friday’s closing price of N159.00 per share, Central Securities and Clearing System (CSCS) Plc declined by N2.34 to N70.00 per unit from N72.34 per unit, and NASD Plc lost 50 Kobo to trade at N34.50 per share versus N35.00 per share.
The trio overpowered the N5.56 gained Newrest Asl Plc. This stock ended the trading session at N61.15 per unit, in contrast to the previous session’s N55.59 per unit.
During the trading day, the volume of securities traded by investors slid by 56.1 per cent to 514,142 units from 1.2 million units, and the value of securities dropped 29.8 per cent to close at N17.4 million versus N29.8 million, while the number of deals jumped 12.5 per cent to 27 deals from 24 deals.
Great Nigeria Insurance (GNI) Plc remained the most traded stock by value on a year-to-date basis, with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 60.8 million units exchanged for N4.1 billion, and Okitipupa Plc with 27.9 million units traded for N1.9 billion.
GNI Plc also ended the day as the most traded stock by volume on a year-to-date basis with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units transacted for N1.2 billion.
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