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
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