In March 2026, the Central Bank of Nigeria (CBN) issued a new circular compelling all trade-active businesses to deploy Automated Anti-Money Laundering (AML) screening. International trade is now a game of ‘Know Your Customer’s Customer’ (KYCC).
1. Sanction Screening for Importers
Before you transfer FX to a supplier in Eastern Europe or the Middle East, you must ensure they are not on the OFAC or UN Sanctions list. In 2026, Nigerian banks will automatically block any Form M involving a sanctioned entity.
2. Dual-Use Technology
If you are importing high-end IT gear, drones, or specialized chemicals, these are classed as ‘Dual-Use.’ You must obtain an End-User Certificate (EUC) from the Office of the National Security Adviser. Failing to do so can lead to charges under the Terrorism Prevention Act.
3. The 2026 Digital Audit
Customs and the CBN now share a ‘Trade Intelligence’ dashboard. If you deal with high-risk jurisdictions, your cargo will be automatically moved to the Red Channel for 100% inspection.
Conclusion
Global compliance is your ticket to international credit lines. Stay clean, screen your suppliers, and use the National Single Window for all filings. For more on the risks, read our post on Common Trade Pitfalls.