Regulatory Alerts2026-01-27 | TED/FEM/PUB/001/001RE: TEMPORARY DISPENSATION FOR PROCESSING FORM M USING NAFDAC LICENCES WHICH EXPIRED DECEMBER 31, 2025
The Central Bank of Nigeria has issued a temporary dispensation permitting the continued use of NAFDAC licenses that expired on December 31, 2025, for processing Forms M. This two-month allowance, effective until February 28, 2026, addresses difficulties importers face in validating or renewing licenses due to a system transition from legacy NICIS II to B'Odogwu. Authorised Dealer Banks are specifically instructed to accept these expired NAFDAC licenses for Form M processing and ensure adherence to the dispensation's deadline to prevent disruption in trade processes during NAFDAC's system integration with the National Single Window.
CENTRAL BANK OF NIGERIACorporate Head OfficeCentral Business DistrictP.M.B. 0187, Garki, Abuja, FCTTRADE AND EXCHANGE DEPARTMENT09-462 3783009-462 37802Email: ted@cbn.gov.ngTED/FEM/PUB/FPC/001/001January 26, 2026TO: ALL AUTHORIZED DEALER BANKS AND THE GENERAL PUBLICRE:TEMPORARY DISPENSATION FOR PROCESSING FORM M USING NAFDAC LICENCES WHICH EXPIRED DECEMBER 31, 2025.The Central Bank of Nigeria wishes to notify all Authorised Dealers Banks (ADBs) and the general public of a temporary dispensation offered by the National Agency for Food and Drug Administration and Control (NAFDAC) permitting the continued use of NAFDAC licenses that expired on 31st December, 2025, for the processing of Forms M for a two-month temporary dispensation ending February 28, 2026.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.Accordingly, all Authorised Dealer Banks are to note the following:1. Continue accepting NAFDAC licences that expired on December 31, 2025, for the purpose of processing Forms M.2. Ensure compliance with the terms of this dispensation, which expires on February 28, 2026.This measure is aimed at preventing disruption in trade processes while NAFDAC completes the integration of its system with the new National Single Window.Please note and ensure compliance.ALIYU M. ASHIRUFOR: DIRECTOR, TRADE & EXCHANGE DEPARTMENT