A circular issued on January 26, 2026, by the apex bank’s Trade and Exchange Department and published on the bank’s website on Tuesday, the CBN said authorised dealer banks may continue to process Form M applications with NAFDAC licenses that expired on December 31, 2025.
It said the measure was necessitated by operational challenges linked to the migration from the legacy Nigeria Integrated Customs Information System II platform.
The approval, which takes effect immediately, will run for two months and lapse on February 28, 2026.
The circular, signed by Aliyu M. Ashiru for the Director of the Trade and Exchange Department, read, “The Central Bank of Nigeria wishes to notify all Authorised Dealer Banks and the general public of a temporary dispensation offered by the National Agency for Food and Drug Administration and Control permitting the continued use of NAFDAC licences that expired on 31st December, 2025, for the processing of Forms M for a two-month temporary dispensation ending February 28, 2026.”
