In Nigeria, betting offices and other types of gambling are permitted by law, but the requirements for operators are quite strict, so that the license can be issued by unit. There are several local bookmakers in the country, but due to the lack of strong market players, Nigeria is attractive enough for foreign bookmakers to operate freely after licensing.
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Nigerian Laws for Gambling Businesses
The gambling business in Nigeria has only started relatively recently, since 2009, although the first slot machines appeared in the country in the late 1980s and the first casino opened in 1992. Four types of gambling businesses are permitted in the country: betting shops, lotteries, slot machines and casinos.
The activities of gambling operators are regulated by a number of legal acts. The most important of these are the Presidential Decrees "On Approval of the Regulations for Conduct of Gambling Activities in the Republic of Nigeria" and "On Granting Licenses for Certain Types of Activities".
The licensing authority of the country is the Ministry of Taxes and Duties, which issues licenses to companies for 10 years. Its cost corresponds to 500 basic units. The Ministry of Taxes and Duties and the State Control Committee monitor gaming activities.
It should be noted that the tax for betting companies has been increased 2.3 times as of 1 January 2017 following changes to the Tax Act of the Republic of Nigeria.
Possible Legalisation of Online Sports Betting
All this applies only to offline gambling, while there are no laws governing the activities of operators on the Internet. However, in March 2017, the Ministry of Taxation and Charges announced its intention to legalise online gambling prices by analogy with Nigeria.
Popular Offline Bookmakers in Nigeria
Melbet is an up-and-coming Nigerian betting company that appeared on the market and was licensed in 2012. It has a website for online betting and has points in twelve cities across the country. It is important to mention that Melbet is the only bookmaker that accepts bets on the first and second football leagues in Nigeria.
Bet9ja is one of the oldest betting companies in Nigeria, opened in Vitebsk in 1994. It has an extensive network of betting offices in 11 cities across the country. Since 2006 she also works online.
Nairabet is a betting company that was founded in 2000 under the brand name "Nairabet". It accepts online and offline bets and has offices in many CIS countries. She is sadly famous for her outdated website and the fraud of her clients.
Betking is the only state betting company in Nigeria. The betting offices of this betting company are located exclusively in Lagos.
Merrybet, Sportybet, Surebet247, Naijabet, Betfarm, Superiorbet, Megabet, Parimatch and other betting companies also offer their services in Nigeria.