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Nigeria: AfDB provides $400,000 grant for SEC to support capital markets

Securities and Exchange Commission (SEC)

The African Development Bank Group has signed a $400,000 grant agreement with the Securities and Exchange Commission of Nigeria to strengthen securities markets regulation and broaden market instruments. The funds will go towards strengthening risk-based supervision framework, regulation of derivatives and green bonds, and build capacity for green finance. The grant will be sourced from […] Read Full Story

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Nigeria: AfDB provides $400,000 grant for SEC to support capital markets

Securities and Exchange Commission (SEC)

The African Development Bank Group has signed a $400,000 grant agreement with the Securities and Exchange Commission of Nigeria to strengthen securities markets regulation and broaden market instruments. The funds will go towards strengthening risk-based supervision framework, regulation of derivatives and green bonds, and build capacity for green finance. The grant will be sourced from […] Read Full Story

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Oyetola, Fintiri, Ayade win big at BusinessDay’s Good Governance Awards

Governor Isiaka Adeboyega Oyetola of State of Osun, his counterparts in Adamawa and Cross River states, Ahmadu Fintiri and Benedict Ayade, respectively, have become award winners at the BusinessDay’s State Competiveness and Good Governance Award for Year 2020. The event, held Thursday at Transcorp Hotel, Abuja, is the eighth edition of the award created to […] Read Full Story

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New NDIC, AMCON bosses yet to assume office over executive delays

The newly appointed bosses of the Nigerian Deposit Insurance Corporation (NDIC) and Asset Management Corporation of Nigeria (AMCON) are yet to assume duties almost two weeks after their nominations were confirmed by the Nigerian Senate. Findings by BusinessDay reveal that the inability of the appointees to assume offices followed delay by President Muhammadu Buhari to […] Read Full Story

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ICPC indicts MDAs’ finance, accounts directors in budgets frauds

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has indicted finance and accounts directors of Ministries, Departments and Agencies (MDAs) over their fraudulent manipulations of the annual budgets. Chairman of ICPC, Bolaji Owasanoye, made the indictment at a meeting in the Ministry of Finance, during his speech on ‘Transparency and Fiscal Discipline in […] Read Full Story