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Just In: CBN introduces FX price verification system portal

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Just In: CBN introduces FX price verification system portal

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Vreporters

Published on August 17, 2023

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The Central Bank of Nigeria (CBN) has introduced a foreign exchange (FX) price verification system (PVS) portal to enable importers to access forex.

The CBN, in a statement on Thursday night, said a price verification report from the portal is now mandatory for all Form M requests, effective from August 31, 2023.

The Form ‘M’ is a declaration of intention to import physical goods into Nigeria.

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