EU Removes Nigeria From High-Risk Financial List
The European Union (EU) has removed Nigeria and five other African countries from its list of “high-risk third country jurisdictions” for money laundering and terrorism financing.
The decision followed the successful removal of these countries from the Financial Action Task Force (FATF) grey list. Nigeria was removed from the grey list in October 2025, following reforms implemented by the government to strengthen anti-money laundering and counter-terrorism financing (AML/CFT) frameworks in the country.
The current delisting by the EU is a big win for Nigeria. It is expected to ease trade and payment flows, reduce transaction costs, and boost investor confidence in the country.
Independent journalism, sustained by readers like you.
The Parliament Diary is published by The Parliament Cable Network Service Limited. Your support helps us keep covering governance, parliamentary affairs and grassroots politics across Nigeria.