Nigeria wants payment data stored locally. Is the infrastructure ready? | CBN Data localization

Nigeria’s financial services and digital infrastructure ecosystem has received its strongest signal yet. In this Africa Hyperscalers virtual roundtable, industry leaders examine the Central Bank of Nigeria’s data localization directive and what it means for banks, fintechs, payment companies, cloud providers, data centers, cybersecurity stakeholders, regulators, and the wider digital economy. Themed “From Regulation to Infrastructure: What the CBN’s Data Localisation Directive Means for Nigeria’s Digital Economy,” the session explores how Nigeria can move from regulatory intent to infrastructure execution. The conversation focuses on the practical implications of the directive, including compliance readiness, local cloud adoption, data center capacity, infrastructure resilience, cybersecurity, migration pathways, and the future of regulated digital services in Nigeria. Speakers include: Gbenga Adegbiji, Chief Executive Officer, Geniserve Ayotunde Coker, Chief Executive Officer, Open Access Data Centres and former Chairman, Africa Data Centres Association Dr. Yele Okeremi, Chief Executive Officer, Precise Financial Systems Temitope Osunrinde, Executive Director, Africa Hyperscalers Company At the heart of the discussion is a simple question: how does Nigeria move from data localization policy to trusted, secure, and scalable local infrastructure? Subscribe to Africa Hyperscalers for conversations and insights on cloud, connectivity, data centers, cybersecurity, energy, AI infrastructure, and the digital infrastructure shaping Africa’s future. #AfricaHyperscalers #CBN #DataLocalization #DigitalInfrastructure #DataCenters #FinancialServices #Nigeria #DataSovereignty