See clearing agents open letter to Tinubu rejects CBN new policy

  • Clearing agents have called on President Bola Tinubu to intervene regarding a newly introduced CBN policy
  • The policy called the Price Verification System, the clearing agents argue is negatively impact their operations
  • CBN kicked off the Price Verification System on August 31, 2023, with the aim of checkmating dollar inflow, and outflows through importers

The National Council of Managing Directors of Licensed Customs Agents (NCMDLCA) has called upon President Bola Tinubu to intervene and halt the Price Verification System (PVS) recently introduced by the Central Bank of Nigeria (CBN).

According to them, the new policy goes against trade facilitation and the Ease of Doing Business (EoDB