Nigeria: Circular introducing systemic oversight measures in payments system including data localisation obligations enters into force
Description
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…
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