Nigeria: Data localisation requirement in circular introducing systemic oversight measures in Nigeria payments system (circular PSS/DIR/PUB/CIR/001/004)
Progress
Current status
adopted
01 Jan 2027 in force
15 Jun 2026 adopted
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
Circular introducing systemic oversight measures in payments system including data localisation obligations enters into force
On 1 January 2027, the Central Bank of Nigeria’s circular introducing systemic oversight measures in Nigeria's payment system, establishing data localisation obligations, enters into force. The requirement applies to deposit money banks, microfinanc…
Event type
order
Action type
implementation
Government branch
executive
Government body
central bank
Central Bank of Nigeria adopted circular introducing systemic oversight measures in payments system including data localisation obligations
On 15 June 2026, the Central Bank of Nigeria adopted a circular introducing systemic oversight measures in Nigeria's payment system, establishing data localisation obligations. The requirement applies to deposit money banks, microfinance banks, mobi…
Event type
order
Action type
adoption
Government branch
executive
Government body
central bank