Delisting FATF major boost to Nigerian economy

 

The removal of Nigeria from the Financial Action Task Force (FATF) grey list would enhance investors’ confidence and inflows of investments into the economy.

Commendations continued to trail the weekend removal of the country from the grey list, with experts describing the achievement as a reflection of improvements in the country’s financial and economic regulatory systems.

The naira yesterday recorded significant gains, appreciating by N10 per dollar and closing the day at  N1,486 per dollar at the parallel markets.

Director General, Securities and Exchange Commission (SEC), Dr. Emomotimi Agama said the removal was a clear reflection of the country’s renewed policy direction and commitment to transparency.

He said the development would significantly enhance investor confidence and attract more foreign investments.

He said: “It means so much for us in the capital market; it means so much for us in the financial system. It brings about something that we have been craving for – investor confidence

“The release of Nigeria from the FATF grey list means that investor confidence would be boosted. Delisting from that grey list sends a very strong signal to investors and trading partners that Nigeria has made significant progress in strengthening its anti-money laundering and countering of financing of terrorism regulations”.

He described the delisting as a “welcome call to new investments,” saying it would further strengthen productivity and growth in the Nigerian economy.

President, Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said: “The recently announcement of the Financial Action Task Force on the Exist of Nigeria from its Grey list known as Dirty money list on Friday the 24th of October 2025 as result of Nigeria preparedness on remediating their 40 recommendations have tremendously induced confidence, and removed tension in the market”.

He said: “The impacts reflecting plausibly as naira appreciate against dollars with N10/$”.

At the official window, the naira traded at N1,457/$, maintain stronger position

Nigeria Extractive Industries Transparency Initiative (NEITI) applauded Nigeria’s anti-corruption and financial integrity institutions for securing the country’s removal from the Financial Action Task Force (FATF) Grey List—a global list of countries under increased monitoring for financial integrity risks.