This research work focuses on the nexus between of International Financial Reporting Standards (IFRS) implementation and deferred tax liabilities using a cross section of listed companies in Nigeria. The study used secondary source of data which were cross sectional from published financial statements of fifty one quoted companies in the Nigerian Stock Exchange (NSE) as at 2012 as samples. While simple percentage and mean were used to describe some of the properties of the data and provide insights about the data, paired-sample T-test and analysis of variance (ANOVA) were inferentially used to test the two formulated hypotheses. Shapiro-wilk test and Levene’s test were used to determine the normality of data and homogeneity of variances respectively. The study found out (r = 0.932; p-value <0.05) that deferred tax liabilities were significantly the same for Nigerian listed firms under IFRS and the Nigerian GAAP; on the overall, IFRS has no significant effect on the carrying amounts of deferred tax liabilities reported in the financial statements in comparison with the N-GAAP and also concluded that deferred tax liabilities were significantly the same for Nigerian listed firms under IFRS and the Nigerian GAAP; on the overall, IFRS has no significant effect on the carrying amounts of deferred tax liabilities reported in the financial statements in comparison with the N-GAAP. It is recommended that relevant Authorities should encourage Nigerian companies adopt IFRS as conversion to IFRS does not affect deferred tax liabilities.