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Online gambling in Nigeria – a story of growth and regulatory battles

Published

Wednesday, 14 May 2025, 2:16 am

Online gambling in Nigeria a story of growth and

Online gambling in Nigeria – When it comes to…

When it comes to online gambling, Nigeria is touted as one of the most exciting markets globally, thanks in no small part to its youthful population. Of the country’s estimated 206 million people, 70% of them are under 30 and 42% are under the age of 15. With a population growing at 2.6% a year, Nigeria’s population could double within the next 30 years, and its structure makes it an economic asset and one of interest to all future-facing industry sectors. The average age in Nigeria is 19. This truly is a youthful and vibrant nation.

It is easy to see why there is genuine excitement about how the Nigerian gambling industry can grow and surpass South Africa as the premier gambling nation in Africa. It Current forecasts estimate the country will have a gross gaming revenue of $717.2 million by 2025. However, there is an ongoing legal battle over regulation, which means that success might not be as easy as anticipated.

Regardless of the potential regulatory hurdles to be crossed, the market has moved from having mainly local operators to international brands like Betano and Betway making an entry. Many Nigerians are learning about online gambling and trying their hands at all kinds of iGaming opportunities, from online slots to casino games and sports betting. While card gambling has always been popular in the country, online gambling and live dealer games mean many people are doing desk research before committing to real money bets. Internet searches for “how to play roulette guide” and best online casino have surged in recent times.

However, there are obstacles for players and operators alike to overcome. Tension is being created by the country, which has both federal and state regulators who do not always see eye to eye. It has been reported that there is mounting tension between. For example, The National Lottery Regulatory Commission (NLRC) regulates the industry at a federal level, but some state regulators have been known to refuse to recognise the licenses it issues.

A long-running dispute has even reached the country’s Supreme Court. The argument is about whether federally licensed operators also need to have a state license. It is very much a case about whose rules are superior and how the hierarchy works. It is not yet known when a ruling is expected in this case. This could be off-putting for international operators looking to invest in the country. Operators want a clear-cut regulatory system so that they know where they stand, but this is not how Nigeria currently functions. Each state wants to regulate betting as they see fit, but the federal government also wants to regulate it to maximise revenue. No one is really sure about how to pay for operating licenses and which ones are required.

Harmonisation is vital to make the market attractive. While all operators have to have an NLRC license, the current laws make no mention of online gambling. It is still uncertain as to whether operators with federal licenses for bricks-and-mortar establishments also need state licenses. However, as things stand, all online operators companies with an NLRC license are free to operate nationwide and without specific state licenses. The industry is crying out for increased collaboration between federal and state regulators.

There are many financial implications to what is decided about national and state licenses, as both are subject to license renewal fees and monthly gaming taxes. It should come as no surprise to see that no one wants to lose out on precious revenues. The feeling from online international operators is that they would prefer to deal solely with one national regulator.

One of the state regulators at the heart of the ongoing tensions is the Lagos State Lotteries and Gaming Authority. With Lagos being Nigeria’s biggest city and a cultural and entertainment hub, its population of over 20 million people means the regulator here has considerably more influence than one in a standard-sized European country. The LSLGA’s chief executive is keen to see the case settled so that the country can continue on its upward trajectory.

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There is a well-known saying advising people ‘not to frighten the horses’, which seems appropriate for Nigeria’s gambling market today. If the country wants to see inward investment and pip South Africa to the top slot, it is important not to spook the commercial operators or make them feel they are at risk.

The LSLGA has worked hard to create an attractive, stable, regulated gambling market, and its chief executive says they have worked hard with the Malta Gaming Authority and regulators in Cyprus and the UK to establish their model and framework. He claims that Lagos is the benchmark for the country. It is very open and transparent, and it is easy to set up business here. He is reported as saying that,

“Lagos is a country of its own, with highly educated people and internet very much available. It’s also the entertainment capital of Africa, so it’s highly promising, especially with the first esports arena in West Africa being in Lagos.”

BetKing has taken the LSLGA at their word. As the operating arm of the sports betting and entertainment group BetKing, they announced a deal with Genius Sports earlier in the year to offer in-play content for Nigerian sports like basketball and football.

The other issue of concern in the country is the presence of illegal operators, and it is hoped that improved regulation will remove rogue operators and better protect the public. Therefore, there are plans to strengthen regulatory frameworks, promote responsible gambling and build strong partnerships between industry regulators and all the stakeholders. One of the suggestions is that regulators need to make taxation favourable enough to ensure gamblers and operators do not stray into the black market.

To that end, in October 2023, the LSLGA banned operators from operating without licenses. However, until such bans are enforceable across the country, it is difficult to see how the whole market can be moved to a safe and regulated environment. The Supreme Court battle is pretty high stakes.

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Web3 ai Takes The Major Spotlight With Its 1747% ROI & 12 AI Tools, Leaving TAO And Ripple In The Dust

Published

5 hours ago

May 13, 2025

John

Contents

TAO Eyes $1,200 as AI Narrative Builds Ripple Whales Move 900M XRP as ETF Buzz Grows Web3 ai Secures 1747% ROI Ahead of Launch After Raising Over $3 Million Final Take

Could the next big breakout already be in motion, with most traders missing the signs? Bittensor (TAO) has surged past $414, with bold forecasts pointing to a $1,200 target. Meanwhile, Ripple whales have snapped up over 900 million XRP, signaling that major players are quietly positioning themselves. Yet, another project with massive upside is still flying under the radar, Web3 ai. Now priced at just $0.000347 in its presale and set to list at $0.005242, it offers early buyers a built-in 1747% ROI.

And that’s only the beginning. The real excitement kicks in after launch, when all 12 AI-powered tools go live, and supply tightens. Analysts are already predicting a possible price climb to $1–$4. As more traders search for the next top ROI crypto, Web3 ai ($WAI) is gaining momentum. The floor is guaranteed. The upper limit? Still unknown. With the presale window closing fast, FOMO is rising, and Web3 ai could be the surprise rocket of 2025.

TAO Eyes $1,200 as AI Narrative Builds

TAO’s momentum is strong. The Bittensor (TAO) token is now at $414, rising 14% in a day and nearly 96% this past month. Its market cap has passed $3.6 billion. Traders and analysts both see it as a top AI project.

Projections suggest a price between $1,200 and $1,500 by late 2025. Some even expect it to hit $1,206 within weeks. This rally is powered by the growing need for on-chain AI systems. TAO holds a key spot in this trend. Its low supply and strong use case make it a standout. Traders looking at high-cap AI tokens are watching closely.

Ripple Whales Move 900M XRP as ETF Buzz Grows

Ripple is seeing quiet but massive whale activity. Over the past month, large buyers picked up 900 million XRP. That includes a 300 million XRP move to an unknown wallet and 70 million XRP between two mystery addresses. These aren’t random.

XRP trades around $2.24. But this whale activity hints at something bigger. It could be tied to the long-awaited XRP ETF or Ripple’s global payments growth. When whales load up like this, it usually signals moves ahead. If retail demand kicks in too, XRP could rally hard. For now, watch closely. This play isn’t over yet.

Web3 ai Secures 1747% ROI Ahead of Launch After Raising Over $3 Million

Web3 ai is grabbing attention for one major reason: confirmed gains. At just $0.000347 in Stage 4 and a listing at $0.005242, buyers already lock in 1747% ROI. That’s before any real market action. The presale kicked off at $0.0003 and runs across 50 total stages, with the last priced at $0.003267. Over $3 million has already poured in, showing strong demand early.

But it’s not just about the math. Web3 ai will launch with 12 built-in AI-powered tools. These include trading signals, fraud detection, portfolio tracking, and yield farming support. They’ll be live on day one, no waiting, no delays. These tools run across top chains like Ethereum, BNB Chain, and Solana, making them highly accessible.

Most of the 6 billion token supply goes to public presale and ecosystem use. That tight supply is drawing whale attention. As utility launches and listings go live, supply could shrink fast, exactly when buyers usually rush in.

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Experts say the price could reach $1 to $4 based on demand. With utility, scarcity, and FOMO lining up, Web3 ai is turning heads.

Final Take

TAO is pushing toward $1,200 as AI hype grows. Ripple whales have bought 900 million XRP, hinting at major plans. Both are worth watching. But Web3 ai could be the bigger story. It’s still in early stages, with a $0.000347 entry and a $0.005242 listing locked in. That’s a 1747% ROI just on listing day.

With 12 AI tools ready at launch, $3M already raised, and a tight 6B token supply, this project offers more than it promises. Analysts say the price could climb to $4. Momentum is growing. Whales are circling. And the launch is near. Web3 ai may be the real breakout play of 2025.

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Opera’s MiniPay app for digital dollars goes online

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May 13, 2025

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Opera’s MiniPay, a non-custodial stablecoin wallet built on the Celo blockchain, is now available on both iOS and Android, offering

Contents

TAO Eyes $1,200 as AI Narrative Builds Ripple Whales Move 900M XRP as ETF Buzz Grows Web3 ai Secures 1747% ROI Ahead of Launch After Raising Over $3 Million Final Take

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Swiss Ambassador Visits NBC’s Packaging Collection Hub, Hails Sustainability Milestone

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11 hours ago

May 13, 2025

John

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Contents

TAO Eyes $1,200 as AI Narrative Builds Ripple Whales Move 900M XRP as ETF Buzz Grows Web3 ai Secures 1747% ROI Ahead of Launch After Raising Over $3 Million Final Take

Nigerian Bottling Company Limited (NBC) a leading consumer-packaged goods company in Nigeria, has reaffirmed its commitment to sustainable business practices and environmental stewardship, as it hosted the Ambassador of Switzerland to Nigeria, Patrick Egloff, at its newly constructed Packaging Collection Hub in Apapa, Lagos on Friday, May 9, 2025.

The Consul General of Switzerland, Frank Eggmann, CAS Director, NBC, Oluwasoromidayo George; The Managing Director, NBC, Goran Sladic; Ambassador of Switzerland to Nigeria, Patrick Egloff; and Packaging Recovery Lead, NBC, Idris Adetola during a courtesy visit of the Switzerland Ambassador to NBC Packaging Collection Hub in Lagos on Friday

Leading the Swiss delegation, Ambassador Egloff commended NBC for its bold investments in sustainable development, describing the Packaging Collection Hub as a major milestone with the potential to drive significant environmental and economic impact across Nigeria.

Welcoming the delegation, Managing Director of NBC, Mr. Goran Sladic, emphasized the company’s long-term dedication to supporting Nigeria’s economic growth and environmental sustainability through continuous investments in people, technology, and innovation.

Our Packaging Collection Hub is a clear demonstration of our environmental responsibility,” said Sladic. “It is part of our strategic goal to collect and recycle 100% of the packaging we produce by 2030. Through this hub, we are actively promoting circular economy while creating green jobs and empowering local waste aggregators — particularly youth and women.

Switzerland is a model for environmental excellence. We see great potential for knowledge exchange and partnerships that will strengthen Nigeria’s circular economy ecosystem, he added.

Ambassador Egloff praised NBC’s efforts, noting that the company’s initiatives represent an inspiring example of how private sector investment can align with public good.

The visit offered both parties a valuable opportunity to explore shared priorities and discuss potential areas of collaboration in sustainability, recycling innovation, and capacity building.

NBC is a proud member of the Coca-Cola HBC Group, which operates in 29 countries, including Switzerland. With over 74 years of presence in Nigeria, NBC continues to play a pivotal role in industrial development, job creation, and socio-economic growth.

About the Nigerian Bottling Company

Nigerian Bottling Company (NBC) Ltd is a member of the Coca-Cola Hellenic Bottling Company A.G, an anchor bottler for The Coca-Cola Company in 29 countries in North, Central and South Europe, Asia and Africa with over 715 million consumers and more than 197 brands in these markets. NBC manufactures, markets, and distributes a portfolio of strong brands including Carbonated Soft Drinks which has the iconic Coca-Cola, Coke Zero, Fanta, Sprite, Schweppes and Limca; Still Drinks including the Five Alive range and Eva water while also partnering with other beverage businesses to sell Monster and Predator energy drinks and premium spirit brands.

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