By Ajibola Olaide, JKNewsMedia Reporter
TEMPPORARY RELIEF has been granted to ease import processing as authorised dealer banks receive approval to accept expired National Agency for Food and Drug Administration and Control (NAFDAC) licences for Form M transactions.
JKNewsMedia.com reports that the Central Bank of Nigeria (CBN) confirmed it has approved a two-month temporary dispensation allowing authorised dealer banks to continue accepting NAFDAC licences that expired on December 31, 2025, for the processing of Forms M until February 28, 2026.
Form M is an import processing document used by importers in Nigeria to register goods they want to bring into the country.
The bank disclosed the approval in a notice issued on Monday and signed by the director of the trade and exchange department, Aliyu Ashiru.
“The temporary dispensation has become necessary due to the transition from legacy NICIS II system and the inability of importers to validate or renew NAFDAC licenses on B’Odogwu after December 2025,” the apex bank said.
It directed authorised dealer banks to continue accepting NAFDAC licences that expired on December 31, 2025, strictly for the purpose of processing Forms M and to ensure full compliance with the terms of the dispensation, which expires on February 28, 2026.
The CBN also said the measure is aimed at preventing disruptions to trade processes while NAFDAC completes the integration of its systems with the new national single window.
