Circular

REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES-FIRMS)

NIGERIA RISK-BASED SUPERVISION FRAMEWORK IMPLEMENTATION AND CAPACITY BUILDING PROJECT

Institutional Capacity Building on Regulation of Derivatives and Improvement of Derivatives Regulatory Framework

SECTOR: NIGERIAN CAPITAL MARKET

GRANT NO.: G-NG-H00-SUP-001:

PROJECT ID NO.: P-NG-HZ0-007

The SECURITIES & EXCHANGE COMMISSION, NIGERIA (SEC) has received financing from the African Development Bank towards the cost of regulatory capacity improvements under the RISK-BASED SUPERVISION FRAMEWORK IMPLEMENTATION AND CAPACITY BUILDING PROJECT, and intends to apply part of the agreed amount for this grant to payments under the contract for consultancy services for the Institutional Capacity Building on Regulation of Derivatives and Improvement of Derivatives Regulatory Framework for the SEC.

SERVICES INCLUDED UNDER THIS PROJECT:

This project aims to enhance the technical (application, valuation, risk management, market surveillance, tax etc.) and regulatory capacity of staff of the SEC in the area of derivatives, which is relatively a less developed segment of the Nigerian capital market. The project will also involve the development and/or improvement of operational guidelines on the derivatives trading value chain. Capacity building in derivatives supervision will focus on enhancing SEC’s approach in carrying out its monitoring and supervisory role over the Derivatives Market.

The Securities & Exchange Commission, Nigeria now invites eligible consultants to indicate their interest in providing these services. Interested Consulting Firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc.). Consulting Firms may constitute joint ventures to enhance their chances of qualification. Firms are required to provide evidence of incorporation in their respective home Countries.

Eligibility criteria, establishment of the short-list and the selection procedure shall be in accordance with the African Development Bank’s “Procurement Framework of October 2015, which is available on the Bank’s website at http://www.afdb.org.

Interested consultants may obtain further information at the address below during office hours from 9.00am to 4pm (Monday to Friday) or via the email address provided below.

Expressions of interest must be delivered in hard and soft copy (soft copy on a flash drive) to the address below by [Monday, December 13, 2021 at 12.00 Noon] prompt and mention “Improvement of Derivatives Regulatory Framework”.

SUBMISSION ADDRESS

Attention: Dr Mo’ Omamegbe, Implementation Unit coordinator,

Securities and Exchange Commission, Nigeria, SEC Tower, Plot 272, Samuel Ademulegun Street, Central Business District, FCT, Abuja, Nigeria

Telephone: +234 (9) 4621168

E-mail: Afdb-piu@sec.gov.ng

Request for Proposals may follow after a responsive Expression of Interest is achieved.