CBN’s mandatory local hosting will cut Nigerian banks, funechs’ forex exposure – ALTON
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has said that the latest Central Bank of Nigeria’s directive on local hosting of payment transaction data would help Nigerian banks and fintechs cut their exposure to foreign exchange volatility.
ALTON Chairman, Gbenga Adebayo, made the case in an interview with the News Agency of Nigeria in Lagos on Saturday, while expressing support for the directive.
. nairametric
