The Central Bank of Nigeria (CBN) has ordered banks, fintechs, and other payment service providers to locally store transaction data generated in the country starting from January 1, 2027, according to a circular published by the institution. The measure applies to commercial banks, mobile money operators, payment processing companies, and other industry players. The regulator…...
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Nigeria: Tightening regulation on payment data and fintechs
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
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