Category: Nigeria Specific
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The CBN Has Mandated Data Localisation by January 2027. The Harder Questions Start Now.
On June 15, 2026, the CBN’s Payments System Supervision Department issued circular PSS/DIR/PUB/CIR/001/004, signed by Director Rakiya O. Yusuf. It requires every financial institution facilitating payments in Nigeria — deposit money banks, microfinance banks, mobile money operators, switching companies, payment solution service providers, super agents — to ensure that payment transaction data generated within Nigeria… Read more
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Nigerian Fintech Under Fire:Why Cyber Attacks Are Accelerating in 2026
Nigerian fintechs processed an estimated ₦284.99 trillion in Q1 2025 alone. That number is the reason your SOC is busier than it was eighteen months ago — and the reason it will get busier still. The continent’s most valuable payments rail is also its most attractive target, and the people attacking it have better tools… Read more
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CBN CSAT Countdown: What Nigerian Banks Must Fix Before the Clock Runs Out
The CBN’s Cyber Security Assessment Tool isn’t new. What is new is the consequence of getting it wrong. Nigerian banks have been sitting on CSAT readiness gaps for months — some for years — assuming that submission buys them time. It doesn’t anymore. The CBN has made clear that CSAT results are not filed and… Read more
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Cybersecurity in Nigeria: Navigating Threats and Building Resilience
As Nigeria’s digital landscape rapidly evolves, so too does the complexity of cyber threats facing its businesses, government agencies, and citizens. The nation’s increasing reliance on digital technologies has made cybersecurity a critical concern, necessitating a comprehensive understanding of the challenges and proactive measures to mitigate them. The Cyber Threat Landscape in Nigeria Cybercrime incidents… Read more