While there are guidelines that govern the steadily growing stock and Forex markets in Nigeria, they are said to be less regulated than other parts of the world.
Although somewhat similar, it is important to note the difference between stock and Forex trading. Essentially, the difference lies in what is being traded; stock trading refers to shares and ownership within a company or corporation, while Forex refers to the buying and selling of currencies.
Much like in many other parts of the world, stock and Forex trading in Nigeria has become of interest amongst the populace, which is speculated to be due to how lucrative it can be. However, that is not to say that anyone and everyone who trades is guaranteed to profit from it, on the contrary.Stock and Forex trading is legal in Nigeria, provided that the trader or broker adheres to the regulations and guidelines that govern the industry.
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