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In New Regulatory Masterstroke, CBN Orders Banks, Fintechs to Disclose Beneficial Owners, Localise Payments Data by 2027

• Moves to curb market dominance, concentration risk in payments ecosystem

Raccontata dathisdaylive.compunchng.combusinessday.ngvanguardngr.comtechcabal.com

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AI · summaries

thisdaylive.comStai leggendo9 h fa

In New Regulatory Masterstroke, CBN Orders Banks, Fintechs to Disclose Beneficial Owners, Localise Payments…

• Moves to curb market dominance, concentration risk in payments ecosystem

originale

vanguardngr.com1 g fa

CBN orders fintechs, banks to localise payment data, caps market dominance

The Central Bank of Nigeria, CBN, has directed banks, fintechs and other operators in the payments ecosystem to store all payment transaction data generated in Nigeria within the country, while also introducing measures…

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businessday.ng1 g fa

CBN curbs payments dominance with new market share limits - Businessday NG

The Central Bank of Nigeria (CBN) has introduced new market share restrictions for payment operators in a move aimed at preventing…

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punchng.com1 g fa

CBN orders banks to localise payments data

The CBN has directed Nigerian banks and fintechs to store all payment transaction data on local servers from January 1, 2027, enhancing oversight and data

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techcabal.com18 h fa

CBN: Payment firms can’t have both consumers and merchants

The CBN has introduced new rules preventing banks and fintechs from dominating both consumer and merchant payments

Leggi questa versione → originale

Timeline cronologica

1. lunedì 15 giugno 2026·thisdaylive.com
   

   CBN Moves to Isolate Risks Across Banks, Fintechs, Financial Groups

   …Proposes strict limits on shared directors, staff, technology platforms and intra-group funding

2. lunedì 15 giugno 2026·punchng.com
   

   CBN orders banks, fintechs to store payment data locally

   The CBN has directed banks and fintechs to store payment transaction data generated in Nigeria on local servers from Jan 1, 2027, enhancing oversight and d

3. lunedì 15 giugno 2026·businessday.ng
   

   CBN curbs payments dominance with new market share limits - Businessday NG

   The Central Bank of Nigeria (CBN) has introduced new market share restrictions for payment operators in a move aimed at preventing…

4. lunedì 15 giugno 2026·businessday.ng
   

   CBN ends offshore payment processing as banks, fintechs face 2027 data localisation deadline - Businessday NG

   The Central Bank of Nigeria (CBN) has effectively drawn the curtain on the era of offshore payment processing, directing banks, fint...

5. martedì 16 giugno 2026·punchng.com
   

   CBN orders banks to localise payments data

   The CBN has directed Nigerian banks and fintechs to store all payment transaction data on local servers from January 1, 2027, enhancing oversight and data

6. martedì 16 giugno 2026·vanguardngr.com
   

   CBN orders fintechs, banks to localise payment data, caps market dominance

   The Central Bank of Nigeria, CBN, has directed banks, fintechs and other operators in the payments ecosystem to store all payment transaction data generated in Nigeria within the…

7. martedì 16 giugno 2026·techcabal.com
   

   CBN: Payment firms can’t have both consumers and merchants

   The CBN has introduced new rules preventing banks and fintechs from dominating both consumer and merchant payments

8. mercoledì 17 giugno 2026·thisdaylive.com
   

   In New Regulatory Masterstroke, CBN Orders Banks, Fintechs to Disclose Beneficial Owners, Localise Payments Data by 2027

   • Moves to curb market dominance, concentration risk in payments ecosystem