Nigeria: Central Bank of Nigeria adopted circular introducing systemic oversight measures in payments system including data localisation obligations
Description
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…
Scope
Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank