By Miracle Ogunde
The FirstBank of Nigeria has issued an important update to customers on changes to Form ‘M’ Requirements.
The notice was contained in a notice forwarded to FirstBank customers via mail.
It reads, “We would like to inform you about a recent change announced by the Central Bank of Nigeria regarding the Nigerian Foreign Exchange Market.
“According to the CBN circular dated 26 June 2024 (TED/FEM/PUB/FPC/001/020), the CBN has decided to discontinue the Price Verification System (PVS).
“Effective 1 July 2024, all applications for Form ‘M’ no longer require the Price Verification Report generated from the Price Verification Portal. This means that you can now proceed with Form ‘M’ applications without this report.
“Thank you for choosing us as your financial partner,” the notice concluded.
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