The Central Bank of Nigeria (CBN) has mandated local data storage for all financial transactions within the country.
4 reports, 3 independent
Updated Sep 25
Gone quiet
- Reports
- 4
- Developments
- 2
- Repetition
- 50%
New informationRepeats or wire copies
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What happened
The Central Bank of Nigeria (CBN) has mandated local data storage for all financial transactions within the country.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.CBN issued directives on domestic data storage requirements.1 source
CBN requires financial institutions to store transaction data locally in Nigeria.1 source
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The entities involved
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Nigeria
sovereign state in West Africa
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Central Bank of Nigeria
central bank
Related events
- The International Monetary Fund assessed Nigeria's financial system, which is managed by the Central Bank of Nigeria (CBN) and involves the naira currency.
- CBN must prioritize price stability for Nigeria, which relies heavily on international imports for its agricultural sector.
- The African Development Bank approved $200 million for Nigeria's digital infrastructure, supporting national development programs.