Article
The Central Bank Of Nigeria’s Localisation Directive: Data Protection Compliance Implications For Financial Institutions And Participants In Nigeria’s Payments Ecosystem.
The Central Bank of Nigeria has mandated that all payment transaction data generated within the country must be stored locally by January 2027, marking a significant shift in how financial institutions handle sensitive information. This directive raises critical questions about Nigeria's infrastructure readiness and the practical steps banks, mobile money operators, and payment providers must take to comply. With less than six months until the deadline, organizations face urgent decisions about data governa
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