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[famad @fama3d]

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Urgent Attention Required: Nigerian Central Bank Directive Impact on Prop Firm Operations

Dear Prop Firm CEOs,

I hope this letter finds you well. I am writing to bring to your attention a pressing issue that has arisen following the recent directive from the Central Bank of Nigeria (CBN) regarding cryptocurrency transactions.

As you are likely aware, the CBN has directed financial institutions to avoid facilitating cryptocurrency transactions, effectively limiting the avenues through which Nigerian traders can engage in such activities. This directive has significant implications for the operations of prop trading firms, particularly in relation to account funding.

It has come to my attention that a considerable portion of prop trading firms typically collect payments from clients through cryptocurrency channels. With the new restrictions imposed by the CBN, Nigerian traders may encounter difficulties in accessing prop trading accounts due to the lack of viable payment options.

In light of this situation, I would like to suggest that prop trading firms consider implementing local payment options specifically tailored to the Nigerian market. By offering alternative payment methods that comply with local regulations and bypass the limitations imposed on cryptocurrency transactions, prop trading firms can ensure continued accessibility for Nigerian traders.

I urge you to prioritize this matter and explore feasible solutions to mitigate the impact of the CBN directive on your Nigerian clientele. Failure to address this issue promptly may result in financial hardship for traders and a loss of business for prop trading firms operating in the region.

Thank you for your attention to this matter. I look forward to hearing your thoughts and potential actions in response to this urgent concern.

Best regards,
Nigerian FX community

[famad @fama3d]

@isaacoladipupo_

[josh.xl @josh__ekwunife]

One of the days when I was free, I used Python and other professional tools to scrap the FXNG data, dominant in the demography are people from age 16-22yrs

Do whatever you would with the above information.

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[LADY B❤️ @BeaTrades_]

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[josh.xl @josh__ekwunife]

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[famad @fama3d]

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[josh.xl @josh__ekwunife]

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[Movie Hive @movie_hiv]

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[famad @fama3d]

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[josh.xl @josh__ekwunife]

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