Nigeria's Naira Gains 9.16% in 6 Months on Reforms and Exit from Illicit Flow Watchlist

Nigeria's Naira has appreciated by 9.16% against the dollar in the past 6 months, reaching N1.457/$ from N1.605/$. This gain is attributed to economic reforms, exit from the illicit flow watchlist, and improved financial environment.

The country's removal from the FATF grey list has restored global confidence, leading to increased foreign direct investment. Key figures like Bismarck Rewane, Tayo Aduloju, and Tayo Oviosu have commended the efforts of the CBN and other agencies in enhancing compliance and credibility.