CBN PVS Portal (pvs.cbn.gov.ng)- Register for Price Verification System

CBN PVS Portal Registration – Your Easy Guide to Price Verification System Online Submission

Navigating the world of financial systems can seem complicated, but with our step-by-step guide, registering on the CBN PVS Portal becomes a breeze.

If you’re looking to obtain a valid price verification report for your Form M applications, you’re in the right place.

Key Insight: 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)

1. Start Your Journey – Head over to CBN’s PVS Portal (https://pvs.cbn.gov.ng/).
2. Initial Steps – Look for the button saying “Are you a Supplier or Importer? Get Started” and give it a click.
3. Your Unique ID – Input your Tax Identification Number (TIN) in the search bar. This will help the system recognize you.
4. Check the Details – Ensure the details generated from your TIN are accurate.
5. Complete the Registration – Fill in any other necessary fields and hit the submit button.

Now, with your registration complete, it’s time to move to the next phase: getting your Price Verification Report.

Steps to Generate Your Price Verification Report

1. Access the System – Log back into the Price Verification Portal (https://pvs.cbn.gov.ng/)..
2. Begin the Form Creation – Click on “Create Form” which is under the ‘Form M’ section.
3. Reference Check – A pop-up with a reference number will appear. Choose “Proceed”.
4. Provide Required Info – Make sure you fill out all the needed fields. Then, click “Save”.
5. Input Product Details – You can manually input item details or use the bulk upload feature to save time.
6. Finalize the Summary – Complete the “Summary Details” section.
7. Final Submission – After checking everything, select “Save and Proceed”.
8. Retrieve Your Form – Go to “View Forms”. Here, you can download the XML file for your Price Verification Report.
9. Wrap It Up – Lastly, head over to the Form M portal, complete your Form M, and submit.

With these easy-to-follow steps, navigating the CBN PVS Portal is now simple and hassle-free. Ensure to always stay updated with CBN’s guidelines to make your trade operations smooth and efficient.