CBN: 57% of Financial Institutions Ready for Data Localisation Deadline

THISDAYLIVE | 29-10-2026 03:35am |

• Expects compliance with January 2027 deadline, warns of sanctions for deliberate non-compliance •NITDA: 326 MDAs spent N3.8trn on technology in 3 Years Nume Ekeghe Central Bank of Nigeria (CBN) and National Information Technology Development Agency (NITDA) have disclosed that only 57 per cent of financial institutions are ready for the country’s data localisation requirements, but expressed optimism that the ...

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