Punch Newspapers Sections Temiloluwa O’Peters The African Development Bank Group has signed a $400,000 grant agreement with the Securities and Exchange Commission of Nigeria to strengthen securities market regulation and broaden market instruments. The bank said in a statement on Friday that the funds would go towards strengthening the risk-based supervision framework, regulation of derivatives and green bonds, and building capacity for green finance. It added that the grant, sourced from the Capital Markets Development Trust Fund, a multi-donor fund administered by the bank, was aligned with the priorities of the AfDB’s country strategy for Nigeria. According to the bank, this strategy envisages measures to stimulate capital market development to unlock financial resources for productive sector investments, infrastructure development and private sector growth.