By Peter Egwuatu
The Securities and Exchange Commission (SEC) and African Development Bank (AfDB) Group have signed an agreement on the Nigeria risk based supervision framework implementation and capacity building project.
The signing ceremony which took place on Friday, also featured the Nigerian Stock Exchange (NSE) which will collaborate with SEC and other industry experts to implement initiatives aimed at promoting Green Bond market development.
According to information from the NSE, the AfDB will provide technical assistance as well as a grant from the capital market Development Trust Fund – a multi-donor trust fund – administered by the AfDB dedicated to the development of African capital markets.
Speaking at the signing ceremony, the Senior Director, AfDB Group, Mr. Lamin G. Barrow, noted that, “We are very delighted to sign this agreement, which enable us accelerate the implementation of key initiatives.
The grant will enhance the capacity of the SEC in…
Source: Vanguard Newspaper