Nigeria Exits FATF Grey List: Stronger Compliance, Stronger Markets

This development builds on insights from TEMPLARS’ earlier publication on Nigeria’s addition to the FATF Grey List, available here: https://www.templars-law.com/app/uploads/2023/05/THE-WHAT-AND-WHY-OF-NIGERIAS-GREY-LISTING.pdf, which analysed the implications of enhanced monitoring and the reforms required for removal.

Beyond compliance, the delisting signals renewed market confidence, increased cross-border deal flow, and improved access to global capital as Nigeria’s risk profile strengthens in international financial systems.

This publication by TEMPLARS Partner & Co-Head, Finance, Energy & Projects, Dayo Okusami, and Associate, Onyinye Omenugha, explores how banks, fintechs, and corporates can capitalise on this momentum, moving from rule-based to responsibility-based compliance.