HomeBusinessNigeria Don Finally Come Out For EU High-Risk List!

Nigeria Don Finally Come Out For EU High-Risk List!

Naija don shine again o! European Union don finally remove Nigeria from their high-risk list wey dey affect money laundering and terrorism financing. Dis one na big win for our financial sector as wetin dem dey call transparency don improve, and e show say we dey go right direction!

As we dey talk am, experts dey yarn say dis move go boost global confidence plus strengthen our economic partnerships with other countries. The Central Bank of Nigeria (CBN) don put plenty reforms for ground and e don pay off big time. Dem don do things wey make sure say compliance for financial transactions dey tighter. Na so dem take achieve dis one, by proper management of our exchange rate and cautious monitoring of financial flows.

Naija join four other African countries wey body don sweet as dem commot for this high-risk list, including South Africa. This new development fit make way for investors wey don dey hold back from entering our market due to fear of stringent regulations. Analysts dey happy say dis matter fit reduce transaction costs wey plenty Naija businesses dey face.

The CBN Governor, Olayemi Cardoso, don talk say dem go use dis opportunity to deepen engagement with stakeholders, plus involve technology and AI to make decision-making better. E still make am clear say dem go make sure say Naija no fall back into old bad habits wey land us inside the grey list before.

Dem don already see positive changes as investors dey begin believe in Naija again. Before dis good news, foreign direct investment don fall sharply wey affect our economy bad. But as dis high-risk classification don clear, analysts dey expect to see increase in funding wey go help businesses grow.

CBN sharp guy him go-say how dis new development go help Naija no just recover but also gain grounds for future trade, and open doors for international financial engagements. He talk say compliance wey dey come with being in high-risk list don dey slow down transaction timelines and bring plenty wahala for exporters and importers.

As we dey look towards future, the international community dey observe Naija closely. Wetin we don accomplish go show say we fit handle our financial matters in a better way. As e be now, CBN dey make sure say dem no just stop for dis small win but continue on top reforms wey go ensure say dem avoid grey-listing in future.

No be small thing o! Naija people suppose celebrate this achievement well-well. E mean sey dem dey see we fit run things correct. But make we no slack o! CBN go dey monitor every move, and dem expect our government to adhere strictly to global best practices. With dis way wey things dey go, Naija fit shine pass before, and we dey ready to stand tall among the nations!


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