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)
- 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.
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
- 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.
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.