The European Union (EU) has officially removed Nigeria and five other African countries from its list of “high-risk third-country jurisdictions” associated with money laundering and terrorism financing.
The decision follows Nigeria’s successful exit from the Financial Action Task Force (FATF) grey list in October 2025, after the country implemented wide-ranging reforms to strengthen its anti-money laundering (AML) and counter-terrorism financing (CFT) frameworks.
According to financial analysts, the EU’s delisting represents a significant milestone for Nigeria’s financial credibility and regulatory compliance on the global stage.
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The move is expected to ease international trade transactions, improve cross-border payment processing, reduce compliance-related transaction costs, and enhance investor confidence in Nigeria’s economy.
It is also anticipated to improve the ease of doing business for Nigerian banks and businesses operating within the European financial system.
Nigeria’s removal from the high-risk category reflects growing international recognition of the country’s ongoing reforms aimed at strengthening financial transparency, regulatory enforcement, and institutional accountability.
