The Financial Action Task Force (FATF) has removed Nigeria from its grey list after nearly three years, signaling renewed global confidence in the country’s financial system.
The decision, which also includes South Africa, Burkina Faso, and Mozambique, follows reforms to strengthen anti-money laundering and counter-terrorist financing measures.
Nigeria’s exit is expected to ease cross-border transactions, boost remittance inflows, and attract more foreign investment in key sectors such as energy, manufacturing, and technology.
Finance Minister Wale Edun said the move reinforces trust in Nigeria’s economic reforms and will enhance investor confidence, capital inflows, and job creation.
