• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Business & Finance Business

CBN grants temporary relief on expired NAFDAC licences

Temporary measure eases import documentation delays

Peculiar Adirika by Peculiar Adirika
January 28, 2026
in Business, News
0 0
0
CBN

The Central Bank of Nigeria has opened a CBN NAFDAC licence window, allowing importers to use expired permits temporarily to ease trade disruptions

The Central Bank of Nigeria, through its Trade and Exchange Department, 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 changes to Nigeria’s trade processing systems.

Also read: CBN debit card policy pomises relief for ATM woes

The approval, announced in a circular dated January 26, 2026, permits authorised dealer banks to continue processing Form M applications with NAFDAC licences that expired on December 31, 2025.

The Central Bank of Nigeria said the measure takes immediate effect and will run for two months, automatically expiring on February 28, 2026.

The circular was signed by Aliyu M. Ashiru on behalf of the Director of the Trade and Exchange Department and published on the bank’s official website on Tuesday.

perfect aesthetic dental clinic perfect aesthetic dental clinic perfect aesthetic dental clinic

The apex bank explained that the decision followed a temporary dispensation granted by the National Agency for Food and Drug Administration and Control and applies strictly to Form M processing within the approved period.

According to the Central Bank of Nigeria, the move was necessitated by operational challenges arising from the migration away from the legacy Nigeria Integrated Customs Information System II platform.

The bank said importers have been unable to validate or renew NAFDAC licences since December 2025, particularly due to difficulties encountered on the B’Odogwu platform introduced as part of the system transition.

To prevent mounting delays in import documentation and sustain trade flows, the Central Bank of Nigeria directed all authorised dealer banks to continue accepting affected licences during the window.

The bank stressed that the CBN NAFDAC licence window is time bound and warned that the approval would lapse automatically at the end of February 2026, urging strict compliance with the outlined terms.

The Central Bank of Nigeria added that the temporary relief is designed to ensure continuity in trade transactions while NAFDAC completes the integration of its systems with the National Single Window.

The policy intervention comes as Nigeria accelerates reforms aimed at modernising trade processes.

In October 2025, the Federal Government formally unveiled the National Single Window and a new Trade Facilitation Portal to streamline import and export documentation.

The initiative, championed by the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, is expected to deliver a decisive reduction in bureaucracy, improve transparency and strengthen Nigeria’s global trade competitiveness.

Also read: CBN reports banking capital gains

The National Single Window is scheduled to become fully operational by March 2026.

Peculiar Adirika
Peculiar Adirika

Related Posts

ANAMBRA GOVERNOR OBIANO PS
General

‘Ignore IPOB’s order’ Obiano tells banks, markets to disregard group’s dictation

by Freelanews
September 11, 2021
Airstrikes Target Terrorists in Niger State
Crime

Airstrikes kill several terrorists in Niger state after fierce battle

by Quadri Olaitan
September 12, 2024
bigwiz scaled
General

‘I have done a lot of blocking’ Nigerian artiste, Wizkid, reveals usage of same phone number for 8 years

by Freelanews
December 13, 2021
Backup of quotes 15
General

‘BREAKING’ Hushpuppi celebrates first birthday in prison

by Freelanews
October 11, 2021
Israel DMW
Entertainment

Israel DMW thanks Twitter after impersonator ban relief

by Mariam Balogun
April 15, 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Recent News

Olubadan

Olubadan backs NELFUND initiative, promises massive student mobilisation across Oyo

May 13, 2026
MSF

MSF raises alarm over Nigeria malnutrition crisis

May 13, 2026
Mourinho

Mourinho nears dramatic Real Madrid return

May 13, 2026
Abbas

Speaker Abbas seeks tougher Nigeria-Italy anti-trafficking ties

May 13, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Olubadan

Olubadan backs NELFUND initiative, promises massive student mobilisation across Oyo

May 13, 2026
MSF

MSF raises alarm over Nigeria malnutrition crisis

May 13, 2026
Mourinho

Mourinho nears dramatic Real Madrid return

May 13, 2026
Abbas

Speaker Abbas seeks tougher Nigeria-Italy anti-trafficking ties

May 13, 2026
May 2026
SMTWTFS
 12
3456789
10111213141516
17181920212223
24252627282930
31 
« Apr    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • IMG 4399

    Desperate Ogun govt twists 2023 history for Dapo Abiodun’s senate bid

    0 shares
    Share 0 Tweet 0
  • BREAKING: Otedola acquires ₦43bn First HoldCo shares

    0 shares
    Share 0 Tweet 0
  • Filmmaker Stanley Ontop breaks silence on Alex Ekubo’s death cause

    0 shares
    Share 0 Tweet 0
  • Experience elevated living at Atrium Homes’ newest masterpiece – The Nacre Residences

    0 shares
    Share 0 Tweet 0

Just Published!

Olubadan

Olubadan backs NELFUND initiative, promises massive student mobilisation across Oyo

May 13, 2026
MSF

MSF raises alarm over Nigeria malnutrition crisis

May 13, 2026
Mourinho

Mourinho nears dramatic Real Madrid return

May 13, 2026
Abbas

Speaker Abbas seeks tougher Nigeria-Italy anti-trafficking ties

May 13, 2026
BOI

BOI MD Olusi hails media as key development partner

May 13, 2026
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.