The Nigerian Securities and Exchange Commission and the African Development Bank (AfDB), on Sunday, March 7, signed a $400,000 grant agreement.
The grant, according to the AfDB is to help the Nigerian Securities and Exchange Commission strengthen its securities market regulation.
It will also be used to broaden the country’s market instruments.
“This collaboration further underscores our mutual goal to grow our markets and create viable avenues for sustainable economic development for Nigeria and the region,” SEC boss, Lamido Yuguda said.
The Japan International Cooperation Agency (JICA) and the African Development Fund (ADF) – the concessional arm of the African Development Bank – recently signed a loan agreement of 73.6 billion Japanese yen ($668.1 million) to support the 15th replenishment of the African Development Fund (ADF-15).
