why is forex trading not yet regulated in Nigeria?

I have never seen any forex broker say that they are regulated by the Central Bank of Nigeria (CBN) or by the Securities & Exchange Commission (SEC) in Nigeria. Why is this so? Is it that the Nigerian government is not interested in generating revenue via taxation from these forex brokers? I have never understood this

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@sandy20 - 2 hours ago

My brother, I have been asking myself the same question too. And the thing is whether they regulate it or not, boys are still trading so its the government that is missing out on the tax they would have been collecting.