GO-LIVE OF THE CENTRAL BANK OF NIGERIA PRICE VERIFICATION SYSTEM PORTAL

Following the successful conduct of the pilot run and various trainings held with all the banks, the Central Bank of Nigeria hereby announces the Go-Live of the Price Verification System (PVS).

Consequently, with effect from August 31, 2023, all applications for Forms M shall be accompanied by a valid Price Verification Report generated from the Price Verification Portal.

For the avoidance of doubt, by this circular, the Price Verification Report has become a mandatory trade document precedent to the completion of a Form M.

All Authorised Dealers are hereby advised to bring this to the attention of their customers as any case of infraction will be appropriately sanctioned.

Please ensure compliance.

DR. O.S. NNAJI DIRECTOR TRADE & EXCHANGE DEPARTMENT

jonapeters:
Tinibu responded swiftly. No argument about that

Guyman01:
Their meeting is now useless as Tinubu has done a U-turn and instead sent former head of state Abubakar and Sultan to go to Niger and mediate and making it clear that he won't be working on implementing any geopolitical interest which is a big blow to France

The Committee of Chiefs of Defence Staff (CCDS) of the Economic Community of West African States (ECOWAS) will meet in Abuja from August 2nd to 4th, 2023 on the political situation in the Republic of Niger

obembet:
Watch the drama here

I am most humbled and honoured by H.E. President Bola Ahmed Tinubu's recognition of the need for more hard work ahead as I have been appointed as his Official Spokesperson & Special Adviser to the President on Media & Publicity.

I will give my best as always. I love you all.

seborrhic:
Simple.What I have been advocating as the primary means of reducing suffering and checking inflation:
The greatest cause of inflation and suffering is transportation cost due largely to the fuel price increase.Private transport unions led by agberos exploit every opportunity to increase fares arbitrarily;so the way to force them to bring down fares or increase it to a bearable level is for government not to fix prices but by intervening in the market,reducing fares on goverment buses or even simply not increasing it despite increased fuel cost,would force NURTW, RTEAN etc,to bring down their own fares because people would rather wait to access the goverment owned BRT with cheaper fares.
But the buses should be increased because there would be massive upsurge in those now using it.
If it's sustainable and long lasting,not just a 2 month stuff as he did during the campaign period,then this is a very good strategic intervention by Sanwo-Olu.

FLASH: Governor of Lagos State, Mr @jidesanwoolu has announced Palliatives to cushion the effect of the Fuel subsidy removal:

- 50% reduction on Lagos Buses from Wednesday

- 25% reduction in Yellow buses fees which will be announced officially by their body

LAGOS STATE WORKERS: Governor @jidesanwoolu also announced the expansion of the Fleet of Staff Buses for the Workers in the Lagos State Public Service to cushion the effect of the Subsidy removal, Mr Governor says the buses are ready and will be deployed thru the HOS office.

MORE PALLIATIVES: Governor @jidesanwoolu has also announced good palliatives for the poor and vulnerable in the society thru various stakeholders (CDAs, Religious Groups, etc), the foodstuff will also be purchased Locally.