Yemisi Izuora
The Central Bank of Nigeria, CBN, said it is halting the Price Verification System Portal.
The Apex Bank said that in view of recent developments in the Nigerian Foreign Exchange Market, it is discontinuing with the Price Verification System (PVS).
Consequently, with effect from July 01, 2024 all applications for Form ‘M’ shall be validated without the Price Verification Report generated from the Price Verification Portal.
For the avoidance of doubt, by this circular the Price Verification Report is no longer a requirement for the completion of a Form ‘M’, the Bank said.