AfDB signs $400k grant with SEC to strengthen securities market regulation

The African Development Bank, AfDB, has signed a $400, 000 grant with Nigeria’s Securities and Exchange Commission to strengthen securities market regulation.

This was disclosed in a statement by the Federal Government on Sunday, as it stated that the grant would also be used to broaden market instruments.

SEC boss, Lamido Yuguda said: “This collaboration further underscores our mutual goal to grow our markets and create viable avenues for sustainable economic development for Nigeria and the region.”

READ: AfDB to assist West African countries deliver on carbon emission reductions

What you should know 

Nairametrics recently reported that the Japan International Cooperation Agency (JICA) and the African Development Fund (ADF) – the concessional arm of the African Development Bank 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).