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Nigeria's lottery sector poised for growth as NLTF and NLRC strengthen partnership Nigeria LotteryDuring a recent courtesy visit to the Director-General of the National Lottery Regulatory Commission (NLRC) in Abuja, Comrade Tosin Adeyanju, the newly appointed Executive Secretary of the National Lottery Trust Fund (NLTF), emphasized his commitment to enhancing collaboration with the Commission. This partnership aims to benefit the lottery industry and its stakeholders across Nigeria.August 6, 2024 -
OKX crypto exchange exits Nigeria amid regulatory crackdown Nigeria CryptocurrenciesCryptocurrency exchange OKX has announced plans to discontinue its services in Nigeria effective from August 16, 2024, citing recent changes in local laws and regulations.July 18, 2024 -
NLRC and ARCON collaborate to establish advertising standards in Nigeria's gaming industry Nigeria RegulationThe National Lottery Regulatory Commission (NLRC) and the Advertising Regulatory Council of Nigeria (ARCON) have agreed to collaborate in setting advertising best practices for Nigeria's gaming industry. Lanre Gbaja, Director-General of the NLRC, emphasized the importance of inter-agency synergy while welcoming ARCON's DG, Lekan Fadol.July 17, 2024 -
KingMakers' BetKing partners with Split The Pot to enhance Nigeria's gaming scene NigeriaKingMakers, one of the fastest-growing betting operators in Africa, has announced a new partnership with Split The Pot to expand the game portfolio of its BetKing brand in Nigeria.July 10, 2024 -
Nigeria's Finance Minister urges SEC Board to tackle cryptocurrency regulation Nigeria CryptocurrenciesNigeria's Finance Minister, Wale Edun, has called on the newly inaugurated Securities and Exchange Commission (SEC) board to address the challenges of regulating cryptocurrencies in the country. During the board's inauguration in Abuja, Edun emphasized the need for stringent oversight to maintain market integrity in the capital market.July 10, 2024 -
Enugu State's Governor promotes gambling sector as key to Nigeria's economic future Nigeria Events and exhibitsGovernor Peter Mbah of Nigerian Enugu State believes that gambling and lottery have immense potential to drive the country's economy and tourism industry.July 1, 2024 -
SEC Chief highlights Nigeria's $400M crypto market and 33.4% ownership rate Nigeria CryptocurrenciesNigeria's Securities and Exchange Commission (SEC) Director General, Emomotimi Agama, sees huge potential in cryptocurrencies to help the country's vast unbanked population access financial services.June 30, 2024 -
Nigeria's SportyBet offers highest winnings in the nation, raises max payout to N100 million NigeriaSportyBet has unveiled a series of innovative updates, solidifying its position as a leader in Nigeria's betting industry. The platform has increased its maximum payout to an unprecedented NGN 100 million – the highest in the country, allowing users to win bigger than ever before.June 17, 2024 -
Nigerian anti-graft agency urges casino operators to comply with money laundering laws Nigeria RegulationThe Economic and Financial Crimes Commission (EFCC) has called on operators in the casino and gaming sectors to strictly adhere to Anti-Money Laundering and Counter Terrorism Financing (AML/CFT) laws in their operations. This call was made during a workshop titled "Promoting Implementation of Customer Due Diligence and Targeted Financial Sanctions (TFS) Requirements in Casinos and Gaming Sector" h...June 16, 2024 -
Over half of Nigerians engaged in sports betting in the past 12 months, reports TGM Market analysis NigeriaA staggering 51.7% of Nigerians have placed bets on sports in the past year, according to the latest Gambling and Sports Betting Report Overview by TGM Research. The report provides a detailed analysis of gambling behaviors in Nigeria, highlighting significant trends and participation rates.June 4, 2024
