CBN PVS Portal (pvs.cbn.gov.ng)- Register for Price Verification System:
From August 31st, 2023, the Central Bank of Nigeria (CBN) made it mandatory for all Form M applications to have a valid price verification report.
This move aims to boost transparency and precision in trade tasks.
How to Register on the CBN Price Verification System (PVS)
• Start Your Journey – Head over to CBN’s PVS Portal (https://pvs.cbn.gov.ng/).
• Initial Steps – Look for the button saying “Are you a Supplier or Importer? Get Started” and give it a click.
• Your Unique ID – Input your Tax Identification Number (TIN) in the search bar. This will help the system recognize you.
• Check the Details – Ensure the details generated from your TIN are accurate.
• Complete the Registration – Fill in any other necessary fields and hit the submit button.
Steps to Generate Your Price Verification Report
• Access the System – Log back into the Price Verification Portal (https://pvs.cbn.gov.ng/)..
Begin the Form Creation – Click on “Create Form” which is under the ‘Form M’ section.
• Reference Check – A pop-up with a reference number will appear. Choose “Proceed”.
• Provide Required Info – Make sure you fill out all the needed fields. Then, click “Save”.
• Input Product Details – You can manually input item details or use the bulk upload feature to save time.
• Finalize the Summary – Complete the “Summary Details” section.
• Final Submission – After checking everything, select “Save and Proceed”.
• Retrieve Your Form – Go to “View Forms”. Here, you can download the XML file for your Price Verification Report.
• Wrap It Up – Lastly, head over to the Form M portal, complete your Form M, and submit.