Nigerian Banks Urged to Enhance Data Centre Infrastructure

As the January 1, 2027 deadline approaches for the migration of payment transaction data to Nigeria, banks are urged to bolster their local data centre infrastructure. The Central Bank of Nigeria (CBN) has mandated that financial institutions and Fintech companies must store and manage payment transaction data within Nigeria to enhance data sovereignty.

This call was made during an Executive Banking Forum in Lagos, organized by Arravo in partnership with CommScope. Ayo Adegboye, CEO of Arravo, stated that the new CBN directive will lead to the emergence of hyperscalers and the scalability of existing data centres.

CommScope, a global leader in data centre infrastructure, was invited to provide insights on supporting banks in local data hosting. Hans-Jürgen Niethammer, Data Centre Solutions Architect at CommScope, noted that the rise in digital transactions, especially real-time payments, will heighten the demand for reliable and high-capacity data centre infrastructure.