Nigeria's Exit from FATF Grey List and T+2 Settlement Cycle Boost Investment Appeal
The Securities and Exchange Commission (SEC) of Nigeria announced the country's exit from the FATF grey list and the launch of a T+2 settlement cycle, highlighting Nigeria's appeal as an investment hub. This move signifies a significant modernization of the capital market, with key figures like Emomotimi Agama and Bola Ajomale commending the progress.
The transition to a T+2 settlement cycle aims to enhance market efficiency, transparency, and global competitiveness, aligning Nigeria with international best practices. Temi Popoola emphasized the importance of these developments in strengthening investor confidence and reducing risks.
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