By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: CBN Unveils FX Verification Portal 
Share
Sign In
Notification Show More
Latest News
Firm drags Zenith Bank to UK parliament, ICC over $64m S/Court contract judgment
Business Judiciary Legal/Courts Metro News
NCAA Promoting Staff Wellbeing, Bonding Through Sporting Activities– Director
Aviation News Sports
93% Mangrove restoration, 53% Shoreline remediation, Others completed In HYPREP Mid-Term Reports
Environment News Science
Prof. Bart Nnaji To Chair 2025 Oriental News Nigeria Summit
Business Media News Power
NBA 3rd Vice President charges new NBA Nyanya-Karu Chair to unite branch
Judiciary Legal/Courts News
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > CBN Unveils FX Verification Portal 
BusinessNews

CBN Unveils FX Verification Portal 

Publisher
By Publisher Published August 18, 2023
Share
1 Min Read
CBN
SHARE

The Central Bank of Nigeria has introduced a foreign exchange price verification system designed for importers to have access to forex.

The apex bank in a statement from its Trade and Exchange Department on Thursday night, said a price verification report from the portal is now mandatory for all Form M requests while it takes effect from August 31, 2023.

The statement read, “Following the successful conduct of the pilot run and various trainings held with all the banks, the Central Bank of Nigeria hereby announces the Go- Live of the Price Verification System (PVS),” the statement reads.

- Advertisement -
Ad image

“All applications for Forms M shall be accompanied by a valid price verification report generated from the price verification portal.

“For  the avoidance of doubt, by this circular, the price verification report has become a mandatory trade document precedent to the completion of a Form M.”

While urging all authorised dealers to inform their customers of the development, the CBN also said any case of infraction would be appropriately sanctioned.

“Please, ensure compliance,” the Apex band added.

 

Like this:

Like Loading...

Related

You Might Also Like

Firm drags Zenith Bank to UK parliament, ICC over $64m S/Court contract judgment

NCAA Promoting Staff Wellbeing, Bonding Through Sporting Activities– Director

93% Mangrove restoration, 53% Shoreline remediation, Others completed In HYPREP Mid-Term Reports

Prof. Bart Nnaji To Chair 2025 Oriental News Nigeria Summit

NBA 3rd Vice President charges new NBA Nyanya-Karu Chair to unite branch

TAGGED: CBN, FX Portal

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher August 18, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article Address Young People’s  Mental Health, Peer Pressure Needs,  UNICEF Tasks Nigeria 
Next Article Meet Olubunmi Tunji-Ojo, Minister Of Newly Created Marine and Blue Economy Ministry
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

Firm drags Zenith Bank to UK parliament, ICC over $64m S/Court contract judgment
Business Judiciary Legal/Courts Metro News June 22, 2025
NCAA Promoting Staff Wellbeing, Bonding Through Sporting Activities– Director
Aviation News Sports June 21, 2025
93% Mangrove restoration, 53% Shoreline remediation, Others completed In HYPREP Mid-Term Reports
Environment News Science June 21, 2025
Prof. Bart Nnaji To Chair 2025 Oriental News Nigeria Summit
Business Media News Power June 21, 2025

You Might also Like

BusinessJudiciaryLegal/CourtsMetroNews

Firm drags Zenith Bank to UK parliament, ICC over $64m S/Court contract judgment

June 22, 2025
AviationNewsSports

NCAA Promoting Staff Wellbeing, Bonding Through Sporting Activities– Director

June 21, 2025
EnvironmentNewsScience

93% Mangrove restoration, 53% Shoreline remediation, Others completed In HYPREP Mid-Term Reports

June 21, 2025
BusinessMediaNewsPower

Prof. Bart Nnaji To Chair 2025 Oriental News Nigeria Summit

June 21, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d