BEARS & BULLS
BEARS: How CBN Fooled Agents
The Central Bank of Nigeria(CBN) recently assembled freight forwarders for an acclaimed new policy awareness workshop and settled them to keep silent while an unfriendly and killer trade policy is introduced. Shame! Today, they are all silent. What indeed is the essence of these clearing associations with noise everywhere if not to also act as a check on government in policies? Now, all application for Form M must come with a Valid Price Verification document generated from the price verification (PVS) system portal with effect from August 31,2023. Do agents and shippers understand the implication of this? Don’t blame Customs later!