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CBN's New Rule: Will Data Localisation Boost Nigeria's Economy?
Posted
June 22, 2026
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June 22, 2026
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6:01Now PlayingThe Central Bank of Nigeria's new data localisation rule requires all payment transaction data generated in Nigeria to be stored and managed within the country by January 1, 2027.
The policy is expected to reshape Nigeria's digital payments ecosystem, with significant implications for fintechs, financial institutions and data centre operators.
In this conversation, Dr. Krishnan Ranganath, Chief Executive Officer of UniCloudAfrica, examines the opportunities and challenges presented by the new rule, including its potential to strengthen data sovereignty, boost investment in local data infrastructure and position Nigeria as a regional digital hub.
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