Nigeria’s central bank has directed banks, fintechs and payment operators to store payment transaction data locally by 2027 as it tightens oversight of digital finance

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

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