Introduction
The official removal of Nigeria from the Financial Action Task Force (FATF) grey list in October 2025 followed major legislative and operational reforms, notably the Money Laundering (Prevention and Prohibition) Act, 2022 (MLPA), and the Terrorism (Prevention and Prohibition) Act, 2022 (TPPA); as well as the activation of the Beneficial Ownership Register (BoR)¹. This victory immediately lowers Nigeria’s international risk premium, which is crucial for attracting the necessary sustained Forex inflows to stabilize the Naira / address its acute volatility, and improve capital market liquidity. Sustained integrity is also anchored by the domestic Business Integrity Certification (BIC), a standard set by the Financial Reporting Council (FRC)/Integrity Organization. The FATF delisting marks a compliance milestone and rehabilitates Nigeria’s reputation internationally, positioning the country for renewed engagement in the global finance market. This article analyzes the projected economic and market consequences of this delisting in October 2025, detailing how the integrity victory underpins economic recovery and supports Naira stability.