Nigeria: Form ‘M’ No Longer Requires PVs – CBN

The Central Bank of Nigeria (CBN) has announced the discontinuation of the Price Verification System (PVS), saying effective July 1, 2024, Form ‘M’ would be validated without the price generated from the portal.

The PVS had been introduced as part of efforts to streamline and secure financial transactions in the country. The PVS is designed to ensure the integrity of financial data, enhance the security of transactions, and improve overall efficiency within the Nigerian financial system.

This was…