Rakiya Yusuf

Rakiya Yusuf

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Rakiya Yusuf is the Director of the Payments System Supervision Department at the Central Bank of Nigeria, who recently issued a directive requiring banks and payment service providers to store transaction data on local servers to enhance regulatory oversight and transparency within Nigeria's financial ecosystem.

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Recent news mentions

Rakiya Yusuf, Director of the Payments System Supervision Department, signed the circular introducing new market structure rules.

Galaxy Backbone Woos Banks After CBN Data Storage Directive
The Punch·NigeriaNigeria· 2026-07-07
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