Banks and fintechs push back against CBN’s January 2027 data deadline

Nigerian banks and payment companies are asking the Central Bank of Nigeria (CBN) for more time to move payment data onto servers inside the country. At a Lagos industry forum on 24 September, executives said the 1 January 2027 deadline leaves too little room to shift huge volumes of data without disrupting payments that people rely on every day. The rule comes from a CBN circular dated 15 June.