FATF Exit and S&P Positive Outlook

  In October 2025, after more than two years under scrutiny, Nigeria was formally removed from the Financial Action Task Force (FATF) “grey list”,   a designation for jurisdictions with strategic deficiencies in their anti-money‑laundering (AML) and counter‑financing‑of‑terrorism (CFT) frameworks. Almost concurrently, in November 2025, S&P Global Ratings revised Nigeria’s sovereign credit outlook from Stable to

CBN Resets Nigeria’s Fixed Income Market

  For decades, Nigeria’s fixed‑income market has served as a foundation of the country’s capital markets, providing a venue for trading government securities, corporate bonds, and other debt instruments. At the heart of that ecosystem has been the FMDQ Group, which has facilitated trading, settlement, and price discovery for institutional investors, banks, fund managers and

Nigeria’s capital markets are at a sensitive point. The new Tax Laws increased the Capital Gains Tax from 10% to 30%  depending on the investor’s overall income or profit level, and the market seems to have reacted to such increase as the date of implementation, January 2026, draws closer; causing significant market volatility. The government