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Trending News: BREAKING: Edo NYSC Punishes Corps Members With 90-Day Extension For Protesting Unpaid N77,000 Allowance In WhatsApp GroupTargeting Education, Nutrition, Economic Resilience, W’Bank Approves New $1.08bnStakeholders, JP Morgan’s Analysts Hail Leadership Change at NNPCL, Say Its New DawnJP Morgan Plans Entry into Nigeria, to Acquire Merchant Bank LicenceTribunal Affirms Okpebholo, Ighodalo Vows to AppealAdelabu: Tinubu Has Raised Power Generation by 50% in about Two YearsTinubu, Buhari Mourn Galadiman of Kano, Abbas SanusiTinubu Departs Abuja for Two-week Working Visit to FranceTrump Blows Up Global Trade with Sweeping Tariffs Impacting 185 CountriesOrutugu: Police Poised to Avert Any Crisis During Anambra’s Guber PollHow Lagos State, Lafarge Africa Plc is Engendering Sustainable Solid Waste ManagementNFF Hails Musa Kida’s Appointment as Chairman of NNPCLNSC Applauds Tinubu for Signing National Anti-doping Bill into Law PMI 2025 Global Summit Series Africa Returns to RwandaBREAKING: Edo Governorship Election Tribunal Affirms Monday Okpebholo As GovernorTribunal Affirms Election of Okpebholo as Edo Governor BREAKING: Niger State Governor’s Aide Aisha Wakaso Orders Arrest, Detention Of Journalists Over Critical ArticleCentury Favour Launches 30-Day Advocacy Campaign to Fix Nigeria’s Electoral SystemMbah Welcomes Edeoga Back to PDPSenate: New Investment & Security Bill Sets Stage For Tinubu’s $1trn EconomyAkpoti-Uduaghan Accuses Akpabio, Bello of Using Fake Constituents to Initiate Her RecallNNPC Welcomes New GCEO, BoardAbdulRazaq, Egbewole Hail Tinubu on Appointment of Ojulari, Omotowa As NNPCL GCEO, Non-executive Director Remita Unveils Landmark Report on AI’s Impact in Nigeria’s Fintech Women Group Unveils Programme to Boost Security, Empower 48,000 Persons in Katsina How MFM Founder Olukoya Grabbed Me, Placed His Forehead On Mine, Hypnotised Me In Counselling Room –Former Church Minister AshekunEdo Guber: Okpebholo Wins Against AA As Tribunal Set to Deliver Judgment in PDP Petition Delta Police Trail, Arrest Kidnappers in Rivers, Kogi, Recover 3 AK-47 RiflesSecurity Agencies Urged to Investigate Rivers Ex-HoS over Outburst against FubaraKorea Cooperation Agency to Begin Second Phase of Intervention at the Ekiti Smart SchoolBloombreed Schools Make History with Groundbreaking TEDx EventKatsina PDP Leaders to Join Atiku’s Coalition against APCCherubim and Seraphim Movement Church Marks 100 Years of Spiritual ExcellenceBREAKING: President Tinubu Sacks NNPCL CEO Mele Kyari, Board, Appoints Bayo OjulariBaptist Family Consoles Lagos APC Chairman, Ojelabi, over Wife’s DemiseCardoso Jubilant as Net FX Reserves Hit 3-year High, Swells to $23.1bnTinubu Sacks Kyari, Akinyelure, Appoints Bayo Ojulari as New GCEO of NNPCL$5bn Africa Energy Bank Gains Momentum with Contributions from Nigeria, Angola, GhanaChina Delays $23bn Sale of Panama Canal Ports to US-backed BlackRock ConsortiumFG Revokes Provisional Allocation of Houses Under NHPNECA Commends FG’s Appointment of NHIA’s ChairmanLASG, LIFC Council Seek Investors’ Support for Lagos International Financial CentreSave Contributory Pensioners from Poverty, APC Chieftain Appeals to TinubuMohammed Binji: Law Anchors Society, Good GovernanceNDDC Using Sports Festival To Unite Oil-Rich Niger DeltaEdo Extrajudicial Killing and the Demolishing of Obaseki’s Security ArchitectureNigeria’s 2025 Budget: Boosting Affordable Housing, Smart Cities, and Economic GrowthUniversity Don Identifies Accounting, Taxation as Tool for Economic DevelopmentON THE HOME FRONTNWOSU AND THE SENATE’S AMNESIAHAPPY BIRTHDAY, TUNDEON UROMI 16 AND JUNGLE JUSTICEA SACRILEGIOUS ATTACK ON HUMAN LIVESHeroic Welcome for Natasha Despite Kogi’s Ban on Rally, ProcessionBREAKING: Nigerian Police Officers Injured As Vehicle Somersaults Into Gully On Aba/Owerri RoadSokoto Gov Seeks Collective Effort to Combat BanditryWhy Nigerian Governments Pay Lip Service to Civil Service ReformsAdeleke to Royal Fathers: Sustain Peace or Be DethronedKogi Bans Rallies, Public Gatherings to Avoid Breach of Peace, Tranquility Gov Okpebholo in Kano, Promises Compensation for Uromi Victims’ FamiliesUS Embassies Tell Suppliers to Comply with Trump Ban on Diversity PoliciesMakinde: We’ve Achieved Economic Stability with N24bn Monthly Salary Payment, OthersRivers Will Emerge Stronger from Political Crisis, Fubara Optimistic During Eid VisitsNaira-for-Crude Policy Expires, HURIWA Seeks Continuation2027: Oil & Gas Host Communities’ Leaders Canvass Tinubu’s Re-electionTinubu Rejoices with Banking Guru, Jim Ovia, on Admission to Freedom of City of LondonShettima: National Unity, Peaceful Co-existence Must Be Our Gift To One Another Stakeholders Laud PINL on Pipeline Security, Demand Fairness from FGOpenAI to Raise $40 Billion in SoftBank-led New Funding RoundGlo Foundation Donates Food Packs to Lagos CommunityKatsina PDP Leaders to Join Atiku’s Coalition Against APCFG To Establish ‘Renewed Hope Cultural Villages’ Nationwide, Says Abdulkareem Concern Mounts over House of Reps Threat to Arrest NIMC DGMinister Advocates Public-Private Collaboration to Foster Sustainable Art IndustryNigerian Billionaire, Adebayo Ogunlesi, Leads BlackRock’s $23bn Acquisition of Panama Canal PortsNSIA Grew Net Assets to N4.35tn in 2024, Recorded N1.86tn in Total Operating ProfitOutrage over Uromi Killings as Akpabio Okpebholo, Barau, NASFAT, Condemn ActFor Their Impact in Business, Politics, Media, Others, ARISE NEWS Honours 80 Unstoppable WomenHerdsmen Overrun Farm Settlements, Occupy Homes, Schools In Enugu’s Eha-Amufu Amid Government SilenceCentral Bank Of Nigeria Report Confirms Inflation Crisis Under Tinubu GovernmentN’ Delta Activist Decries Approval of Emergency Rule in Rivers by N’ Assembly Adaobi’s Marriage Claim to Ayeni False, Defamatory, Say Lawyers Minister Congratulates Tinubu at 73APC Women Leader Celebrates Tinubu at 73, Hails President’s Transformative LeadershipBREAKING: Young Graduate Butchered, Killed By Attackers Suspected To Be Herdsmen At Abuja Boys’ Brigade Camping EventMakinde: We’ve Achieved Economic Stability with N24bn Monthly Salary Payments, Others ICPC Seeks Partnership with YABATECH to Boost Performance Nigerian Boxing: Overcoming Obstacles and Embracing OpportunitiesObasa Defies Tinubu’s Intervention, Pushes Lawsuit Against Meranda, Other Lagos LawmakersUS Rep. Danny Davis, Urges Tinubu to Open Nigerian Consulate in ChicagoMaituraka: Opposition Forces Will Not Unseat Tinubu in 2027Varsity Unions Commend Sokoto Gov for Implementing Salary IncrementsFrom Sokoto To Edo To Abuja: Sowore Demands Justice For Victims Of Extrajudicial Killings Across NigeriaGlo Foundation Donates Food Packs to Lagos CommunitySightsavers Trains 25 PWDs with Nine-Month Cisco CCNA ProgrammeTinubu: Nigeria is Greater Than Anyone of Us, Including the President, Urges Brotherly Love at Eid-el-Fitr Trump Fails to Rule Out Running for Third Term in 2028Tinubu: I Contemplated Withdrawing From 2023 Presidential RaceBamidele: Nigeria Must Invest in Education to Produce Global Billionaires NEITI: N9.33tn Owed FG by Oil Firms Can Offset 72% of N13tn 2025 Budget Deficit
Thu. Apr 3rd, 2025

CBN discontinues price verification system portal

The Central Bank of Nigeria (CBN) has discontinued its price verification system portal.

This confirms The Guardian report that the apex bank will likely embark on liberalisation of some of its policies in consonance with the direction of the CBN.

In a circular, ‘TED/FEM/PUB/FPC/001/020’ addressed to all authorised dealer banks and the general public and signed by the Acting director, Trade and Exchange department of the bank, Dr W.J Kanya, said the new circular repealed the one issued in 2023.

“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),” it stated.

The CBN said the directive takes effect from July, 01, 2024.

It added: “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.”

The post CBN discontinues price verification system portal appeared first on Guardian Nigeria News.

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