News: Nigerians spend N730bn on sports betting annually

Nigerians spend over 730 billion Naira annually on sports betting and at least two billion naira is generated daily, recent research data shows. Data also revealed that over 60 million Nigerian punters spend over 3, 000 naira daily placing bet stakes. At least there are 50 betting sites in Nigeria with the number growing annually. Respondents, who spoke with the […]

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Recession: Unemployed Nigerians take to betting, online pyramid

Thousands of jobless youths, unemployed and semi-employed adults have hinged their hope of surviving the pangs of hunger induced by the economic recession in the country on sport betting and online pyramid scheme. There is a common slang among those who have embraced betting for survival. They often ask: “Who can pay?” The usual response is: “It is betting company […]

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