CBN Approves Temporary Use of Expired NAFDAC Licences for Imports
The Central Bank of Nigeria (CBN) has approved a two-month window allowing importers to use expired NAFDAC licences for import documentation. This measure provides short-term relief to businesses affected by system changes in Nigeria’s trade processing framework.
In a circular issued on January 26, 2026, the CBN stated that authorized dealer banks can process Form M applications using NAFDAC licences that expired on December 31, 2025. The approval is valid immediately and will lapse on February 28, 2026.
“The Central Bank of Nigeria wishes to notify all authorised dealer banks and the general public of a temporary dispensation permitting the continued use of expired NAFDAC licences for Form M processing,” the circular read, signed by Aliyu M. Ashiru, Director of the Trade and Exchange Department.
Why This Matters
The temporary dispensation comes after operational challenges linked to the migration from the legacy Nigeria Integrated Customs Information System II (NICIS II) to the B’Odogwu platform. Importers have faced difficulties validating or renewing licences since December 2025, which threatened to delay import documentation.
By allowing expired licences for Form M processing, the CBN aims to prevent trade bottlenecks and ensure continuity in import transactions while NAFDAC completes the integration of its systems with the National Single Window.
Opportunities for Nigerian Businesses
Nigerian businesses can benefit from this temporary window by:
- Completing pending import transactions without disruption
- Avoiding additional delays and penalties due to expired licences
- Planning for the full digital transition expected in March 2026
The National Single Window, a digital trade facilitation platform launched in October 2025, will centralise import and export processes, reduce bureaucracy, and improve Nigeria’s global trade competitiveness. Businesses are encouraged to familiarise themselves with the platform to smoothly transition once it becomes fully operational.
The CBN’s temporary approval is a short-term solution that protects importers from delays during system upgrades. Nigerian businesses should act quickly to use this window and prepare for a fully digitalised trade process in 2026. Staying informed and compliant now ensures smoother operations and positions businesses to benefit from Nigeria’s evolving trade ecosystem.
