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How Big is the Crypto Gambling Industry in Nigeria?

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Nigeria has the biggest percentage of crypto owners in Africa, according to Statista. More than 15 million Nigerians—mostly young tech-savvy people—own cryptocurrencies like Bitcoin and Ethereum.

Unsurprisingly, Nigeria is the biggest market for crypto sports betting sites. To be fair, Nigeria is Africa’s most populated country. It has a population of 200M+ people, making it an excellent target audience for iGaming businesses.

But why is the country falling in love with crypto gambling?

Crypto is a Viable Store of Value

The biggest reason for crypto gambling’s popularity in Nigeria has everything to do with Bitcoin being a store of value. According to Cointelegraph, roughly 17 million Nigerians store half of their financial assets in crypto.

Cointelegraph says Nigerians love Bitcoin and Ethereum because the country lacks adequate financial services. Sure, Nigeria is full of banks and mobile payment apps.

However, most of them don’t process payments to international betting sites. And if they do, they tend to be slower and more expensive than using cryptocurrencies.

For the uninitiated, cryptocurrencies are a limited commodity. Bitcoin has a maximum of 21 million coins. More than 19 million coins have already been mined from the blockchain. By the time the last Bitcoin is mined in 2040, the cryptocurrency will be a scarce commodity. This will, in turn, magnify its value.

Crypto Supports International Payments

Sports betting is legal in Nigeria. The best sportsbooks in the country have licenses from the National Lottery Regulatory Commission. Some of them also operate with licenses from the Lagos State Lottery Board.

That said, many Nigerians prefer to bet through offshore betting sites located in Europe or the Caribbean. Foreign sportsbooks provide bigger bonuses, better odds, and quicker payments.

Unfortunately, using offshore sportsbooks means relying on payment methods with cross-border support. This is where crypto comes in. Bitcoin supports transactions in all countries.

It doesn’t matter whether you live in Enugu State or Sao Paulo, Brazil. If you want to send money through Bitcoin, all you need is a crypto wallet and Bitcoin in your account.

Most crypto casinos support a minimum transaction amount of $10. As such, crypto betting is affordable to the majority of Nigerians. That said, crypto also supports large amounts, making it an excellent option for high rollers.

A Growing Number of Crypto Sportsbooks

Crypto betting hasn’t always been a thing. Until 2017, it was difficult to find a betting site with support for altcoins. Things are changing, though. New crypto sportsbooks keep cropping up.

To the millions of Nigerians who love crypto, these new sportsbooks solve all their problems. First, they provide a way to deposit money reliably. Most of them accept the top five cryptocurrencies.

You can use Bitcoin, Ethereum, Litecoin, Bitcoin Cash, or USDT. Top betting sites also reward you when you complete your first deposit. They might give you a risk-free bet. This means you bet using your money. But if you lose, you get a free bet.

The most popular welcome reward, however, is the 100% bonus. You get exactly what you deposit. If you deposit 10 LTC coins, you receive 10 Litecoins. If you deposit one BTC, you receive an equal amount as a bonus.

Beyond bonuses, crypto betting sites rival PayPal and Visa sportsbooks in every other way. They’re mobile-friendly. They provide efficient customer service and support a wide range of sports.

Fast Payments

Speed is one of Bitcoin’s biggest selling points. Bitcoin processes payments on an average of 20 minutes. Surprisingly, most people actually prefer to use Ethereum and other coins because they’re faster.

Ethereum—the most Googled cryptocurrency in Nigeria—processes payments in under five minutes. If you use Ripple or Solana, the payment speed lowers to a minute or less.

Speed is crucial for sports betting. Picture this. You had forgotten Nigeria has a game against Ghana in the afternoon. You’re confident in the Super Falcons. But for you to bet on the team, you must deposit money quickly.

Bitcoin provides convenience in such situations. It completes deposits to betting sites quickly. It might be slower than PayPal. But PayPal doesn’t work in Nigeria. Also, it’s considerably fast for withdrawals—most bookies take 1-3 days to process betting cashout requests.

Crypto Provides Financial Autonomy

As we mentioned earlier, half of crypto owners in Nigeria buy Bitcoin to store their wealth. The reason crypto is such a popular option for securing assets is that it provides autonomy.

Once you buy Bitcoins and store them in a safe wallet, they belong to you permanently. It’s not like fiat cash. If you store one million Naira in a bank, there’s no guarantee your bank will let you withdraw it a week after.

With crypto, you have total control over your funds. You can use it to bet on football. Or you can keep it as an investment. You don’t need permission to use your digital currencies. And yet, these funds could make you rich during a good bull run.

Low Payment Fees

Another reason some Nigerians prefer to bet with crypto is that it’s cheaper than local banks. Banks charge fixed amounts, say $20 for every payment. If you plan to spend less than 2000 Naira, it doesn’t make sense to pay via wire transfer.

Credit and debit cards offer free deposits to online merchants. But most of them draw a line where sportsbooks are concerned. They refuse to work with betting sites, especially offshore bookmakers.

Crypto does not discriminate. It operates through a decentralized ledger not owned by any single entity. As such, it processes payments between any two parties regardless of the industry.

When it comes to fees, crypto is all about minimizing charges. In fact, crypto is against transaction fees. It’s just that the entire crypto industry wouldn’t thrive without fees.

You see, every crypto payment needs verification before it’s added to a blockchain. The people who verify these transactions use expensive resources. To reward them, everyone paying with Bitcoin must contribute a small fee to the miners.

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Super Falcons in Group C for WAFCON

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Super Falcons

By Adedapo Adesanya

The Super Falcons of Nigeria have been drawn in Group C with Egypt, Zambia and Malawi for the defence of their Women’s’ Africa Cup of Nations (WAFCON) title in March, which will be hosted again in Morocco.

Last year, the Nigerian team won the record 10th tournament after defeating the host nation, Morocco, 3-2 in a spectacular final after going down 2-0.

The 2026 edition will be played in Morocco from March 17-April 3, eight months after the last tournament.

The last edition slated for 2024 was postponed by a year for logistical reasons as the Confederation of African Football (CAF) could not get interested hosts.

The next edition which will be the 14th edition and Nigeria will be hoping to win the women’s tournament for the 11th time.

Nigeria’s dominance is only rivalled by Equatorial Guinea which won as hosts of the 2008 and 2012 editions. South Africa won the 2022 edition to become the third African nation to ever win the tournament.

The next edition carries added importance because it serves as qualifying for next year’s Women’s World Cup, with the top four finishers taking up Africa’s slots in the global tournament to be hosted by Brazil.

GROUPS

Group A (Rabat Moulay Hassan Stadium): Morocco, Algeria, Senegal, Kenya,

Group B (Rabat Al Madina Stadium): South Africa, Ivory Coast, Burkina Faso, Tanzania

Group C (Casablanca): Nigeria, Zambia, Egypt, Malawi

Group D (Fes): Ghana, Cameroon, Mali, Cape Verde. 

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AFCON: BUA Chair to Redeem Super Eagles $500,000 Pledge Despite Loss

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By Adedapo Adesanya

The Chairman of BUA Group, Mr Abdul Samad Rabiu, has reaffirmed his commitment to reward the Super Eagles with the promised $500,000 despite losing the semi-final match against Morocco in the ongoing Africa Cup of Nations (AFCON) on Wednesday night.

The Nigerian senior national football team lost the tie against Morocco 4-2 on penalties after both sides failed to break the deadlock after 120 minutes.

In a post on his official Instagram on Thursday, the billionaire industrialist commended the football team for their determination and unity throughout the competition.

Mr Rabiu said the players displayed admirable grit and commitment on the field, adding that although the trophy eluded them, their performance inspired pride and admiration among Nigerians at home and abroad.

“To our brave Super Eagles, You fought with your hearts, gave your all, and showed true courage and determination on the pitch. Though it wasn’t meant to be this time, you have made every Nigerian proud.

“Sometimes, even our best efforts don’t bring the outcome we hope for, but the spirit, passion, and unity you displayed are what truly matter. You left everything on the field, and that is worthy of celebration.

“As a token of appreciation for your remarkable journey and effort, I am still going ahead to fulfill the pledge of $500,000. This is in recognition of your hard work, dedication, and the joy you have brought to our nation.

“Keep your heads high, Super Eagles – the experience, lessons, and spirit will fuel even greater success next time. Nigeria will always be proud of you, and we believe in your future victories!” the statement read.

Nigeria failed to advance to the final of the 2025 AFCON yesterday after losing to Morocco’s Atlas Lions in a tense penalty shootout, a result that sent the North African side through to the final.

Moroccan goalkeeper, Yacine Bounou saved kicks from both Samuel Chukwueze and Bruno Onyemaechi, allowing Youssef En-Nesyri to convert the winning kick and spark wild celebrations inside the Prince Moulay Abdellah Stadium in Rabat.

Nigeria will play Egypt in the bronze medal match on Sunday, January 18 while Morocco will face 2021 winners, Senegal for the chance to win the trophy for the first time in 50 years.

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Carabao Cup, AFCON Semi-Finals Take Centre Stage Live on SuperSport

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Carabao Cup AFCON Supersport

Midweek football delivers decisive moments across three competitions as the Carabao Cup reaches the semi-final in England, Serie A’s title contenders play their games in hand, and the Africa Cup of Nations narrows down to its final two. Fans can follow every fixture live on SuperSport across DStv and GOtv.

Carabao Cup: Semi-Final Second Legs Decide Wembley Places

The Carabao Cup semi-finals conclude with two heavyweight fixtures as clubs push for a place in the final at Wembley.

On Tuesday at 9:00 p.m., Newcastle  host Man City at St James’ Park. Newcastle enter the second leg as defending Carabao Cup champions and come into the tie in strong domestic form, having recorded three straight league wins and progressed in the FA Cup after a penalty shootout victory over Bournemouth.

City arrive after a heavy FA Cup win against Exeter City but are still searching for consistency in the league following a run of draws. Both sides have navigated the competition efficiently so far, setting up a finely balanced contest.

Wednesday’s second semi-final sees Chelsea host Arsenal at 9:00 p.m. Chelsea begin the second leg under new manager Liam Rosenior after a convincing FA Cup victory over Charlton, though league form has been less consistent following a recent defeat to Fulham.

Arsenal, meanwhile, arrive as Premier League leaders and remain active in all major competitions this season. Their FA Cup win over Portsmouth maintained momentum as they look to secure a return to Wembley.

Both Carabao Cup semi-final matches air live on SS Premier League (GOtv Ch. 65, DStv Ch. 203).

Serie A: Games in Hand Shape the Title Race

Serie A’s midweek programme features three fixtures involving clubs playing their game in hand, with implications at both ends of the table.

On Wednesday at 6:30 p.m., Napoli host Parma. Napoli were held to a draw by Inter Milan in their previous outing and sit fourth, level on points with Juventus. With other contenders also in action, a win could lift them further up the standings. Parma arrive after a narrow victory over Lecce and continue to look upward from mid-table.

Later on Wednesday at 8:45 p.m., leaders Inter Milan face Lecce at the San Siro. Inter saw their winning run halted by Napoli but remain three points clear at the top. Lecce arrive having suffered consecutive defeats and will be aiming to secure a positive result in a difficult away fixture.

Thursday’s action concludes at 8:45 p.m. as AC Milan travel to face Como. Milan sit second but have been held to back-to-back draws and will be seeking a return to winning form. Como, coached by Cesc Fàbregas, have impressed this season and sit sixth, boasting one of the league’s strongest defensive records.

All Serie A fixtures are broadcast live on SS Africa 2 (GOtv Ch. 64, DStv Ch. 208).

AFCON 2025: Semi-Finals Decide Finalists

The Africa Cup of Nations reaches its penultimate stage with two semi-final clashes scheduled for Wednesday.

Senegal face Egypt at 6:00 p.m. in Tangier in a renewal of a recent AFCON rivalry. Senegal, winners of the 2021 edition, have progressed with control and balance, while Egypt have relied on resilience and decisive moments in the knockout rounds. The matchup once again brings together key figures from both sides as a place in the final is at stake.

Later at 9:00 p.m., Nigeria meet hosts Morocco in Rabat. Nigeria advanced after a disciplined quarter-final performance, while Morocco continue to combine defensive organisation with efficiency in attack. With home support behind them, Morocco face a Nigerian side that has shown attacking consistency throughout the tournament.

Both AFCON semi-finals air live on SS AFCON (GOtv Ch. 59, DStv Ch. 202).

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