Importers now have access to foreign currency thanks to the Central Bank of Nigeria’s (CBN) introduction of the foreign exchange (FX) pricing verification system (PVS) portal.
A price verification report from the portal will now be required for all Form M requests starting on August 31, 2023, according to a statement released by the CBN on Thursday night.
A declaration of intent to import tangible items into Nigeria is made on the Form “M.”
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