Nigeria and South Africa are awaiting a decision from the Financial Action Task Force (FATF) that could see both countries removed from the grey list when the global watchdog meets in Paris on October 24. According to Bloomberg, FATF assessors carried out on-site inspections in Nigeria, South Africa, Burkina Faso, and Mozambique in recent months. Lauren van Biljon, Senior Portfolio Manager at Allspring Global Investments UK Ltd, said the removal of Nigeria and South Africa would signal a shift in investor sentiment. She added that while immediate effects might be limited, “asset prices could see a short-term increase.”The FATF grey list is closely watched by investors and regulators worldwide. In February this year, the Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU), Hafsat Bakari, said Nigeria was on track to exit the FATF list by the end of 2025.