Nigeria's exit from the Financial Action Task Force (FATF) grey list marks a significant milestone for its economy and the broader business community. The development signals restored confidence in Nigeria's financial integrity and compliance with g…  | By Abimbola Akomolafe on October 29, 2025 | Nigeria's exit from the Financial Action Task Force (FATF) grey list marks a significant milestone for its economy and the broader business community. The development signals restored confidence in Nigeria's financial integrity and compliance with global anti–money laundering and counter–terrorism financing standards. For small and medium enterprises (SMEs), the removal will reduce international transaction costs, ease cross-border payments, and improve access to foreign funding and partnerships. Businesses can now benefit from faster remittances, smoother trade operations, and reduced scrutiny from international banks and regulators. Read also, Economic analysts note that the move will attract new investments, create job opportunities, and improve Nigeria's global competitiveness. It also aligns with ongoing reforms under the government's economic recovery agenda aimed at building a transparent, business-friendly environment. The decision by FATF is expected to strengthen Nigeria's financial credibility, further positioning local entrepreneurs and exporters for growth in international markets. | | | |
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