CBN Circular PSS/DIR/PUB/CIR/001/004 (15 June 2026):New Rules on Data Localisation, Beneficial Ownership Disclosure & Market Concentration in the Nigerian Digital Payments Ecosystem

On 15 June 2026, the Central Bank of Nigeria (CBN) issued Circular No. PSS/DIR/PUB/CIR/001/004 (the Circular) through the Payments System Supervision Department, signed by its Director, Dr. Rakiya O. Yusuf. The Circular introduces three sweeping categories of obligations applicable to virtually all participants in Nigeria’s digital payments industry:  Download full Regulatory Alert to read more