Business
Nigeria’s data localization: fintech leaders warn of costly disruption
The Central Bank of Nigeria's (CBN) directive on data localization is causing significant apprehension among the nation's fintech executives. Concerns range from inadequate infrastructure to the spiraling costs and risks associated with migrating sensitive financial data. This move could potentially jeopardize the stability and efficiency of Nigeria's booming digital payment ecosystem.
Techpoint Africa·June 23, 2026AI-curated
CBN’s data localisation directive has raised concerns among fintech executives over infrastructure readiness, migration risks, costs, and whether local data centers can reliably support payment systems.
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This story was sourced from Techpoint Africa and rewritten in SEVA editorial voice. Read the full original at the source.