Progress

Current status
in force
08 Jun 2020 in force

Scope

Implementers
Nigeria
Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national

Timeline of events

08 Jun 2020
in force

Central Bank's guidelines on operations of electronic payment channels entered into force

On 8 June 2020, the Central Bank's guidelines on operations of electronic payment channels entered into force. The guidelines mandate that all domestic transactions be routed through a local switch within Nigeria to enhance the security and efficien…

Source
Event type order
Action type implementation
Government branch executive
Government body central bank