I listened to EFCC space talks on the topic
“Is forex trading illegal?”
In a nutshell the answer they gave is simple
If you use your own money to trade forex online via international or local brokers, it is 100% legal and requires no special regulatory license.
However when it comes to managing other people's money, if you intend to act as a fund manager, take investments from the public, or trade on behalf of other investors, you must register as a capital market operator with the Securities and Exchange Commission (SEC Nigeria)
Understand this!
Repost for others💛