CBN Approves Temporary Use of Expired NAFDAC Licences for Imports Until 28 February 2026

The Central Bank of Nigeria (CBN) has approved a two‑month temporary waiver allowing authorised dealer banks to process Form M applications using NAFDAC licences that expired on 31 December 2025.

The dispensation, introduced to prevent trade disruption during Nigeria’s digital transition to the B’Odogwu single‑window system, is valid until 28 February 2026.

The directive was issued on 26 January in a circular signed by Aliyu M. Ashiru, Director of the CBN’s Trade and Exchange Department:

“The Central Bank of Nigeria wishes to notify all Authorised Dealers Banks (ADBs) and the general public of a temporary dispensation offered by NAFDAC permitting the continued use of NAFDAC licences that expired on 31st December 2025, for the processing of Forms M… until 28 February 2026.”

Why the Temporary Approval Was Needed

The relief addresses nationwide delays caused by the migration from the legacy NICIS II platform to the new B’Odogwu single‑window system. Importers reported difficulties renewing or validating NAFDAC licences since late 2025, leading to stalled Form M processing and Customs clearance delays.

Form M is essential for:

• Documenting all imports into Nigeria
• FX allocation
• Tariff application
• Safety and standards compliance

NAFDAC licences are mandatory for regulated goods such as foods, medicines, medical devices, chemicals, and cosmetics.

The CBN instructed banks to accept expired licences strictly for Form M processing, emphasising that the approval is time‑bound and will lapse automatically at the end of February. NAFDAC is currently integrating its systems with the National Single Window to restore full validation and renewal functionality by March 2026.

Implications for Importers and the Economy

• Relief for businesses

Companies importing regulated products can avoid costly delays, supply shortages, and demurrage fees.

• Bank compliance requirements

Authorised dealer banks must verify that accepted licences expired on or before 31 December 2025 and ensure no misuse of the dispensation.

• NAFDAC system upgrade

The ongoing integration with B’Odogwu aims to remove bottlenecks and support a more transparent, automated trade environment.

• Economic continuity

Given Nigeria’s heavy reliance on regulated imports, the measure stabilises supply chains during a critical transition period.

The move aligns with ongoing efforts under Nigeria’s National Single Window initiative, designed to modernise trade, cut clearance times, and reduce transaction costs for businesses.