EU Drops Nigeria From High-Risk Financial Jurisdictions List
Nigeria has been taken off the European Union’s list of high-risk jurisdictions, a move expected to ease trade relations, cross-border payments, and investment flows between the country and Europe.According to a Business Insider report on Wednesday, the European Commission confirmed that Nigeria, along with South Africa, Burkina Faso, Mali, Mozambique, and Tanzania, had made significant improvements to their anti-money laundering and counter-terrorism financing (AML/CFT) systems. The commission said the countries no longer exhibit “strategic deficiencies” under EU evaluation criteria.The EU noted that the affected nations implemented critical reforms that brought their financial systems in line with global standards set by the Financial Action Task Force (FATF).Nigeria’s delist...










