Nigeria's Data Localisation Deadline Tests Financial Infrastructure

Nigeria's central bank requires payment data to be stored within the country by January 1, 2027. Banks and fintechs must move databases to local servers while retaining access to global clouds, but the regulator warns of concentration risks and requires data audits before migration.

• Nigeria's payment data localisation deadline is January 1, 2027
• Regulator does not require abandoning global clouds, but local control is needed
• Concentration risk: several banks may depend on one local provider
• Full audit of data, logs, and microservices required before migration