CBN Price Verification System

Following a successful pilot run and in furtherance of its drive to ensure transparency and accuracy in trade transactions, the Central Bank of Nigeria has announced the official Go-Live of the Price Verification System (PVS).

Consequently, all applications for Form M must include a valid price verification report generated from the price verification portal as from August 31st, 2023.

This report has now become a mandatory trade document and is a prerequisite for the completion of a Form M.