CBN DATA LOCALISATION: compliance imminent, infrastructure available — Coker, OADC CEO

By Prince OsuagwuAs the January 1, 2027 Central Bank of Nigeria, CBN deadline for financial institutions to localise payment transaction data, approaching faster than imagined, the Chief Executive Officer of Open Access Data Centre, OADC, Dr. Ayotunde Coker, has said Nigerian banks, fintechs and other payment operators no longer have any reason to delay compliance, insisting that the country’s data centre infrastructure has sufficient capacity to support the migration.
Speaking during an