Banks Seek More Time for CBN Data Localisation

Banks seek more time for CBN data localisation

Nigerian banks and fintechs are seeking an extension to the CBN's January 2027 data localisation deadline, citing the complexity of migrating data locally.

Nigerian Banks Seek More Time for CBN Payment Data Localisation -...

Banks and fintech companies are asking for more time to meet the CBN's January 1, 2027 payment-data localisation deadline, citing migration, resilience and cybersecurity concerns. #businessmoney, #finance, #technology, #payments, #nigeria, #cbn, #fintech, #banking, #datalocalisation, #flyingeze

Experts Urge Step-by-Step Rollout For Payments Data Localisation

Blessing Ehize, Chief Technology Officer of First City Monument Bank (FCMB), has welcomed the Central Bank of Nigeria’s (CBN) payment data localisation directive, describing it as an important step towards strengthening Nigeria’s digital and financial infrastructure while emphasising the value of continued industry engagement to support effective implementation ahead of the January 2027 deadline. The CBN has directed banks and fintech companies …

‎Banks Plead for More Time to Meet CBN Data Localisation Deadline - Economi Confidential

‎Banks and fintech companies in Nigeria are seeking more time to comply with the Central Bank of Nigeria’s data localisation directive, warning that the January 2027 deadline leaves too little room for the complex migration of large volumes of financial data from overseas cloud environments to local infrastructure.

Banks Seeks Extension Of CBN Payment Data Localisation Rule

Nigerian banks and other payment industry operators have called on the Central Bank of Nigeria (CBN) to extend the January 1, 2027 deadline for full localisation of payment transaction data, warning that the six-month implementation window may not be sufficient to complete the migration without exposing the payments ecosystem to operational and cybersecurity risks. The […] Banks Seek Extension Of CBN Payment Data Localisation Rule is first publi…