Business
Naira further depreciates by 2.7% against dollar at official market

At the Investor’s and Exporter’s (I&E) window, the Naira traded between ₦1,677 and ₦1,610 against the dollar.
The Naira on Thursday further slumped at the official market, trading at ₦1,675.49 to the dollar.
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the local currency lost ₦44.32.
This represents a 2.71 per cent loss when compared to the previous trading date on Wednesday when it exchanged at ₦1,631.17 to a dollar.
However, the total daily turnover increased to 166.61 million dollars on Thursday up from 128.98 million dollars recorded on Wednesday.
At the Investor’s and Exporter’s (I&E) window, the Naira traded between ₦1,677 and ₦1,610 against the dollar.
#Naira #depreciates #dollar #official #market
Turo247News is on WhatsApp!
CLICK HERE TO JOINShare News with us via Email: turo247newz.com@gmail.com
Join Our Social Media Channels- WhatsApp: Turo247 News Room
- Facebook: Turo247newz
- Twitter: @turo247newz
- Instagram: @turo247newz
- Tiktok: Turo247newz
Business
Access Bank restores transactions after customers experience service disruptions

Access Bank Plc has fully restored services on its electronic banking platforms following a disruption that left many customers frustrated
read more Access Bank restores transactions after customers experience service disruptions
Turo247News is on WhatsApp!
CLICK HERE TO JOINShare News with us via Email: turo247newz.com@gmail.com
Join Our Social Media Channels- WhatsApp: Turo247 News Room
- Facebook: Turo247newz
- Twitter: @turo247newz
- Instagram: @turo247newz
- Tiktok: Turo247newz
Business
Africa Rising: How iGaming is Transforming the Continent’s Digital Economy

Africa is no longer just the cradle of civilization—it’s becoming the cradle of innovation in the iGaming industry. With a young, tech-savvy population and skyrocketing mobile internet penetration, the continent is emerging as one of the fastest-growing markets for online gambling.
From Nigeria’s bustling betting hubs to South Africa’s regulated casinos, Africa’s iGaming sector is rewriting the rules of digital entertainment.
In this article, we’ll explore how iGaming is reshaping Africa’s economy, the key players driving this growth, and what the future holds for this dynamic industry.
Why Africa is the Next iGaming Powerhouse
Africa’s iGaming boom is fueled by a unique combination of factors:
Youthful Population: Over 60% of Africans are under 25, and this demographic is highly engaged with mobile technology.
Mobile Revolution: With 650 million mobile users, Africa has leapfrogged traditional banking systems, embracing mobile money platforms like M-Pesa.
Cultural Affinity for Gambling: Betting is deeply ingrained in African culture, from local lotteries to sports wagering.
Regulatory Evolution: Countries like Nigeria, Kenya, and South Africa are creating frameworks to regulate and tax online gambling.
Key Markets Leading the Charge
1. Nigeria: The Giant of African iGamingNigeria, Africa’s most populous nation, is also its largest iGaming market. Key drivers include:
Sports Betting Craze: Football (soccer) is a national obsession, with platforms like Bet9ja and Nairabet dominating the scene.
Mobile Money Adoption: Services like Paga and Opay make deposits seamless, even for the unbanked.
Cryptocurrency Integration: Platforms offering usdt sportsbook options are gaining traction, allowing users to bet with USDT for faster transactions and lower fees.
Fun Fact: Nigeria accounts for over 60% of Africa’s online sports betting revenue.
2. Kenya: The Mobile Money Pioneer
Kenya’s iGaming growth is powered by M-Pesa, the mobile payment system used by 80% of adults. Highlights:
Affordable Betting: Micro-bets as low as $0.10 attract casual players.
Regulated Market: The Betting Control and Licensing Board ensures fair play.
Esports Boom: Games like FIFA and Call of Duty are becoming popular betting options.
3. South Africa: The Regulated Leader
South Africa boasts the continent’s most mature iGaming market, thanks to:
Clear Regulations: The National Gambling Board oversees online and land-based casinos.
Diverse Offerings: From sports betting to online slots, South Africans have access to world-class platforms.
High Internet Penetration: Over 70% of the population has internet access.
Emerging Trends in African iGaming
1. Cryptocurrency Adoption
Crypto is solving two major challenges in African iGaming:
Cross-Border Payments: Players can deposit and withdraw without currency conversion hassles.
Financial Inclusion: Crypto wallets allow unbanked users to participate in online gambling.
Platforms like Sportbet.one, which offer usdt sportsbook options, are leading this shift by enabling seamless USDT transactions. The ability to bet using a stablecoin eliminates volatility concerns while providing instant transactions.
2. Localized Content
African players want games that reflect their culture:
Football-Themed Slots: Games featuring local teams and leagues.
Local Language Support: Platforms offering Swahili, Yoruba, and Zulu interfaces.
African Celebrities: Endorsements from stars like Burna Boy and Tiwa Savage.
As iGaming operators cater to local preferences, the industry is experiencing increased player engagement and retention.
3. Mobile-First Platforms
With 95% of African internet users accessing the web via mobile, iGaming platforms are prioritizing:
Lightweight Apps: Apps that work on low-end smartphones.
USSD Betting: Offline betting via SMS for areas with poor internet.
Data-Saving Features: Compressed graphics and minimal data usage.
This mobile-driven approach has allowed iGaming to reach even the most remote parts of the continent, providing entertainment and economic opportunities.
4. Social Gambling
African players love community-driven experiences:
Betting Pools: Friends can pool funds for larger bets.
Live Streaming: Watch and bet on matches in real time.
Leaderboards: Compete with others for prizes.
This social element is transforming traditional betting into an interactive, engaging experience that fosters loyalty among users.
Challenges Facing African iGaming
Regulatory Fragmentation: Each country has its own rules, complicating cross-border operations.
Payment Barriers: Limited access to international payment systems like Visa and Mastercard.
Problem Gambling: Rising addiction rates, especially among youth.
Infrastructure Gaps: Unreliable electricity and internet in rural areas.
Despite these challenges, the industry continues to evolve, finding innovative solutions to overcome these hurdles.
Opportunities for Growth
Blockchain Integration: Crypto platforms like usdt sportsbook options can bypass traditional banking hurdles.
AI and Big Data: Personalized gaming experiences based on player behavior.
Esports Expansion: Tapping into Africa’s growing gaming community.
Partnerships with Telcos: Collaborating with mobile operators for seamless payments.
As new technologies emerge, operators will have more tools to improve user experience and ensure a safer betting environment.
The Future of African iGaming
By 2030, Africa’s iGaming market is projected to surpass $2 billion, driven by:
5G Rollouts: Faster internet will enable richer gaming experiences.
AI-Powered Platforms: Predictive analytics for personalized offers.
Crypto Dominance: USDT and other stablecoins becoming the default payment method.
Government Collaboration: More countries establishing clearer regulations to foster growth.
With major operators expanding their presence and regulatory environments stabilizing, the African iGaming industry is on the cusp of significant breakthroughs.
Conclusion: Betting on Africa’s Digital Future
Africa’s iGaming industry is more than just a success story—it’s a testament to the continent’s resilience and innovation. From Nigeria’s sports betting frenzy to Kenya’s mobile money revolution, iGaming is creating jobs, driving tech adoption, and reshaping economies.
As platforms like Sportbet introduce USDT sportsbook options, the future looks even brighter. By embracing blockchain, localized content, and mobile-first strategies, African iGaming is poised to become a global leader.
So, whether you’re a player, investor, or simply a tech enthusiast, one thing is clear: Africa is all-in, and the stakes have never been higher.
#FeaturedPost
Turo247News is on WhatsApp!
CLICK HERE TO JOINShare News with us via Email: turo247newz.com@gmail.com
Join Our Social Media Channels- WhatsApp: Turo247 News Room
- Facebook: Turo247newz
- Twitter: @turo247newz
- Instagram: @turo247newz
- Tiktok: Turo247newz
Business
NASD OTC Exchange sees value in well-developed solid minerals sector

NASD OTC Exchange Plc has said that it recognises the importance of a well-developed solid minerals sector in driving economic
read more NASD OTC Exchange sees value in well-developed solid minerals sector
Turo247News is on WhatsApp!
CLICK HERE TO JOINShare News with us via Email: turo247newz.com@gmail.com
Join Our Social Media Channels- WhatsApp: Turo247 News Room
- Facebook: Turo247newz
- Twitter: @turo247newz
- Instagram: @turo247newz
- Tiktok: Turo247newz
- News3 months ago
PH refinery yet to commence bulk sales – NNPCL debunks petrol price reduction
- turo247xpress logistics3 months ago
The Importance of Express Delivery Services for Businesses
- turo247xpress logistics3 months ago
Affordable Courier Services Near Me: Quick, Reliable & Budget-Friendly Deliveries
- turo247xpress logistics3 months ago
Same Day Delivery Services in Lagos: Fast, Reliable Shipping with Turo247xpress Logistics
- turo247xpress logistics3 months ago
Need Urgent Delivery in Lagos? Turo247xpress Logistics Has You Covered!
- Politics3 months ago
Rivers APC Leadership: Okocha Appointed as Substantive Chairman
- Lifestyle3 months ago
How to Keep Your Home Dust-Free During Harmattan
- Movies3 months ago
“Mz Vick Reveals Why ‘A Ghetto Love Story’ Was Created: Affordability Key to Its Production”