DON'T BORROW MONEY FROM US TO PAY FOR FOREX OR AUCTIONS, THE CBN WARNS BANKS AND OTHERS.

[Abdulmajidkhs]

The Central Bank of Nigeria (CBN) has issued a warning to commercial banks and authorized sellers not to exploit its low-cost home windows, Treasury Payments, and Open Market Operations auctions in order to finance international trade.

DON'T BORROW MONEY FROM US TO PAY FOR FOREX OR AUCTIONS, THE CBN WARNS BANKS AND OTHERS.

The Central Bank of Nigeria (CBN) has issued a warning to commercial banks and authorized sellers not to exploit its low-cost home windows, Treasury Payments, and Open Market Operations auctions in order to finance international trade.

www.wikifx.com

 

[Polakandil]

Forex included high-risk high-gain business, this is a red product in the financial market, which means investors could lose half or all their investments. So it is not advisable to deposit a forex trading account using borrowing money. investor should obey the golden rules investing money in high risk business just spent money that afford to lose, not use the money that will used on near future and urgent.