Finance
CBN to discontinue price verification system portal from July 01
Central Bank of Nigeria has said it is discontinuing price verification portal. In a circulation from Trade and Exchange Department signed by Dr. W. J. Kanya said “We refer to the circular dated August 17, 2023 referenced TED/FEM/PUB/FPC/001/008 and titled “GO-LIVE OF THE CENTRAL BANK OF NIGERIA PRICE VERIFICATION SYSTEM PORTAL” on the deployment of the Price Verification System (PVS).
In view of recent developments in the Nigerian Foreign Exchange Market, the CBN hereby discontinues 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. Please note and be guided accordingly.
-
Economy3 hours agoNAICOM hosts Takaful advisory council, reaffirms commitment to Takaful insurance development
-
Finance3 hours agoPFA recapitalisation deadline still June 2027–PenCom
-
News3 hours agoMAN applauds FG’s ban on wood exports
-
Economy3 hours agoFG projects 2026 deficit at 4.28% of GDP as Tinubu proposes N58.18trn spending plan
-
Finance3 hours agoFCMB gets shareholders’ consent to raise additional N400bn
-
Stock Market3 hours agoOtedola acquires additional First Holdco shares with N14.8bn
-
News3 hours agoFCCPC unseals Ikeja Electric Headquarters following undertaking
-
Oil and Gas1 day agoNigeria oil struggles to find buyers as global surplus builds prices