Echotitbits – Nigeria News

Tag: European Union

  • EU Formally Removes Nigeria from High-Risk Financial Jurisdictions

    EU Formally Removes Nigeria from High-Risk Financial Jurisdictions

    The European Union has delisted Nigeria from its list of high-risk third countries for anti-money laundering (AML) and countering the financing of terrorism (CFT), following regulatory reforms and enhanced supervisory measures.

    The delisting is expected to reduce “enhanced due diligence” friction for Nigeria–EU financial flows, with potential benefits for trade finance access and cross-border transaction efficiency.

    Echotitbits take: This is a material ease-of-doing-business tailwind. Over time, it should lower transaction costs for importers and improve the attractiveness of Nigeria-facing corridors for European banks and investors.

    Source: Finance – https://finance.gov.ng/nigeria-welcomes-european-commissions-removal-of-the-country-from-eu-aml-cft-high-risk-list/ (January 17, 2026)

    Photo Credit: Finance

  • EU Condemns ‘Attempted Coup’ In Mali, as region risks being destabilized

    EU Condemns ‘Attempted Coup’ In Mali, as region risks being destabilized

    The European Union (EU) has on Tuesday condemned an “attempted coup” in Mali where Soldiers staged a mutiny, capturing the nation’s President, Prime Minister, Military Chiefs and political leaders.

    A statement by the bloc’s diplomatic chief, Josep Borrell, read that:  “The European Union condemns the attempted coup d’etat underway in Mali and rejects all unconstitutional change

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    Mali Coup: Mutinying Soldiers Arrest President, Prime Minister as Country’s Crisis Deepens

    “This can in no way be a response to the profound socio-economic crisis which has been hitting Mali for some months.”

    The EU, which has operated a mission training the armed forces in Mali since 2013, joined the UN and regional bloc ECOWAS in calling for dialogue.

    “A consensual outcome respecting constitutional principles, international law and human rights is the only way to avoid destabilising not only Mali but the whole region,” Borrell said in his statement

    One of the leaders of the mutineering soldiers told AFP that “the president and the prime minister are under our control” after being “arrested” at Keita’s residence in the capital Bamako.

    READ ALSO:

    African Union Commission Inaugurates AfCFTA Permanent Secretariat in Ghana

    President Keita and Prime Minister Cisse are now being held in an army base in the town of Kati, an official at the prime minister’s office said.

    The mutiny comes after months of protests calling for Keita’s resignation that have rocked the crisis-torn country.