Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Nigeria Banks Achieve N225bn From ATM, E-banking Charges

    June 15, 2026

    US-Iran Agree on Deal to End War, Signing on Friday

    June 15, 2026

    2026 World Cup: Ivory Coast Shine as Africa’s First Winner

    June 15, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      Itsekiri, Ijaw Decide on Rotation of Proposed Warri Federal Constituency II Seat

      June 13, 2026

      INEC Warns on Party Disputes, Set to Issue Portal Codes June 26

      June 10, 2026

      Musiliu Obanikoro Appointed as Campaign DG for 2027 Lagos APC Governorship Bid

      June 5, 2026

      Jonathan Qualifies to Run as 2027 Presidential Candidate ~ Court

      May 26, 2026

      ADC Faction Dissolves David Mark-Led NWC, Names Kachikwu Sole Presidential Candidate

      May 25, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment June 14, 2026

      Things To Know About Late Actor Kola Oyewo

      Recent

      Things To Know About Late Actor Kola Oyewo

      June 14, 2026

      The Veteran Actor, Kola Oyewo Surrenders to Cold Hand of Death at Age 80

      June 13, 2026

      Nollywood Actor Itele Receives YouTube Gold Award, Achieves 1 Million Subscribers

      June 13, 2026
    • Business

      NDPC Partners Meta to Unveil Two-year Data Protection Initiative

      June 8, 2026

      inDrive Unveils International Social Initiative Against Bullying

      June 1, 2026

      Jumia Strengthens Inclusion Drive in E-commerce Market

      May 26, 2026

      BUA Cement Expands Capacity To 23m Tonnes, Disburses N338.64bn Dividend

      May 21, 2026

      Otedola Plans $100 Million Investment in Dangote Refinery IPO

      May 21, 2026
    • Health

      Ebola Precaution: Tinubu Approves N10bn Emergency Funding 

      June 10, 2026

      FG to Minimize Medical Equipment Imports, Unveils $1.2bn Reform Plan for Local Manufacturers

      June 4, 2026

      Ultra-processed foods may significantly increase heart disease risk

      May 17, 2026

      Ebola outbreak in Congo kills at least 80, spreads concern to Uganda

      May 17, 2026

      New Ebola Outbreak Confirmed in Eastern Congo as Death Toll Rises

      May 15, 2026
    • Culture

      FCMB Reiterates Commitment for Ojude Oba as Key Driver of Heritage

      June 7, 2026

      Rite Foods Lightens Ojude Oba 2026, Refreshes Thousands

      June 2, 2026

      Ojude Oba 2026: Glo Rewards Age Grades, Horse Riders. 

      May 30, 2026

      FCMB Commends Ojude Oba’s Role In Strengthening Culture And Economy

      May 26, 2026

      Gov Adeleke Presents Staff of Office to Afilaka as Alatorin

      May 14, 2026
    • Lifestyle

      The Room We Never Left: Trauma, Insecurity, and the African Child

      May 25, 2026

      Airbnb Expands Into Hotels, Car Rentals and Grocery Services Amid Global Regulatory Pressure

      May 21, 2026

      DStv, GOtv Price Hike Pushes Nigerians Toward Local Streaming Alternatives

      May 14, 2026

      World Bank Highlights Early Childhood Development as Key to Nigeria’s Economic Future

      April 19, 2026

      Hilda Baci Secures Third Guinness World Record, Extends Culinary Milestone

      April 6, 2026
    • Sports

      2026 World Cup: Ivory Coast Shine as Africa’s First Winner

      June 15, 2026

      Following Historic World Cup Opener, Iran Arrive In US

      June 14, 2026

      FIFA Maintains Host Nation Sovereignty Over Visa, Instance of Partey Visa Decline

      June 13, 2026

      FIFA World Cup 2026: South Korea 2-1 Victory Over Czech Republic, Strong Impact for Tournament

      June 12, 2026

      World Cup Opening Occasion Witnessed Shakira, Burna Boy Performance

      June 12, 2026
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home » CBN approves temporary use of expired NAFDAC licences for imports
    News

    CBN approves temporary use of expired NAFDAC licences for imports

    Ifetayo AdeniyiBy Ifetayo AdeniyiJanuary 28, 20263 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    CBN approves temporary use of expired NAFDAC licences for imports

     

    Central Bank of Nigeria has approved a temporary window allowing importers to use expired National Agency for Food and Drug Administration and Control licences for import documentation, offering short-term relief to businesses affected by system changes in Nigeria’s trade processing framework.

    In a circular issued on January 26, 2026, by its 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 licences that expired on December 31, 2025.

    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.”

    The apex bank explained that the approval followed a temporary dispensation granted by NAFDAC and applies strictly to Form M processing during the period. It said the measure was necessitated by operational challenges linked to the migration from the legacy Nigeria Integrated Customs Information System II platform.

    According to the CBN, importers have been unable to validate or renew NAFDAC licences since the transition, particularly due to difficulties encountered on the B’Odogwu platform after December 2025.

    To ease the bottlenecks and prevent delays in import documentation, the bank directed all authorised dealer banks to continue accepting the affected licences within the approved window.

    The CBN stressed that the arrangement is time-bound and urged banks to comply strictly with its terms, noting that the approval would lapse automatically on February 28, 2026. It added that the move is intended to ensure continuity in trade transactions while NAFDAC completes the integration of its systems with the National Single Window.

    Earlier in October 2025, The PUNCH reported that the Federal Government announced a decisive step toward digitalising and streamlining the nation’s import and export processes with the formal unveiling of the National Single Window and a new Trade Facilitation Portal.

    The initiative, championed by the Minister of Industry, Trade, and Investment, Dr Jumoke Oduwole, is expected to drastically reduce bureaucracy, enhance transparency, and improve Nigeria’s global trade competitiveness.

    The National Single Window is a single, centralised digital platform where all stakeholders, including customs and regulatory agencies, importers, and exporters, can submit standardised trade and regulatory documentation.

    The government has set a firm target for the National Single Window to become fully operational by the first quarter of 2026, specifically in March 2026.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleFacebook to showcase opportunities, presenting creator tools at Lagos summit
    Next Article Cost of Imported petrol lower compare to Dangote
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    News June 15, 2026

    US-Iran Agree on Deal to End War, Signing on Friday

    News June 14, 2026

    Military Neutralizes 27 Terrorists Through Airstrikes in Borno Hideouts

    News June 13, 2026

    Governor Dauda Lawal Names Executive Secretaries for Two Agencies, Appoints ZACADEP Coordinator

    News June 13, 2026

    Rite Foods Champions Climate Action Campaign in Schools

    News June 13, 2026

    Nigeria’s Eziakonwa Becomes Special Adviser on Africa ~ UN Secretary-General

    News June 13, 2026

    FG Considers Salaries Payments Via eNaira Platform ~ Report

    Leave A Reply Cancel Reply

    Don't Miss
    Banking June 15, 2026

    Nigeria Banks Achieve N225bn From ATM, E-banking Charges

    * Stanbic IBTC’s electronic banking fees declined by 20.57 per cent to N865m * UBA’s…

    US-Iran Agree on Deal to End War, Signing on Friday

    June 15, 2026

    2026 World Cup: Ivory Coast Shine as Africa’s First Winner

    June 15, 2026

    Things To Know About Late Actor Kola Oyewo

    June 14, 2026

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Our Picks

    Mars E&P secures $274 million facility from AFREXIM Bank

    November 25, 2021

    Benin Club @90: Leemon Ikpea, Gregory, Others To Be Invested As Patron, Trustees

    November 25, 2021

    A Better Society Is Possible

    December 2, 2021
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2026 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.