Nigerian Naira Casinos
The Nigerian naira is one of the best-known currencies in Africa. While only Nigeria may formally use the currency, it is not uncommon for casino players in other African countries to use NGN when depositing at betting sites. Of course, to do that, you’re going to need to find a Nigerian naira online casino.
The naira is a widely accepted online gambling currency, so you’ll have no trouble finding a top casino accepting it. However, what you really want is to find a trusted, secure, licensed, and safe place. We can help you do this.
Below, you will find an array of NGN online casinos in our list. Each of these has been vetted, checked, and tested to ensure that they not only permit deposits with Nigerian naira, but they are also safe and ideal for you to play at.
Casino List with NGN Currency
About the Nigerian Naira in Gambling
The naira was introduced in 1973 when it replaced the Nigerian pound. Controlled by the Central Bank of Nigeria, inflation has been an issue for the currency in recent years. Oddly, the currency was only allowed to float in 2016, having been pegged at ₦197 to the US dollar. While experts initially expected it to float at between ₦280 to ₦350 against the dollar, it has radically grown to over four hundred naira to the dollar of late.
Despite its fluctuations, the naira continues to be popular with bettors not just in Nigeria (where you would expect it to be) but across Africa. After the South African rand, it is the second most used African currency in the online casino world. As a result, you should have little to no difficulties finding payment providers who accept NGN transactions for online betting.
Online Gambling in Nigeria
While internet betting in Nigeria is not overly well-regulated, it is still legal. Operators are officially required to obtain a gambling license from the Nigerian Lottery Commission. The current laws (including the Money Laundering Prohibition Act of 2011) state that officially, only lottery, land-based casino and sports betting games are legal. Non-skilled card games, roulette and those involving dice are technically illegal. Even so, the Nigerian Lottery Commission has been known to issue licenses to operators offering those games.
Popular Banking Methods with Nigerian Naira
There are virtually no obstacles in the way of moving money around in Nigeria. The Money Laundering Prohibition Act of 2011 has virtually failed to stop naira from being moved around legal and illegal casinos. As a result, Nigerians can often deposit using a wealth of different options. While some Nigerians prefer to wager using US dollars, all the following options have been approved for use at Nigerian naira casinos:
- Credit/debit cards (VISA and MasterCard)
- E-Wallets (Skrill and Neteller are popular)
- Direct bank deposit (banks include UBA, Union Bank, Fidelity Bank, Stanbic, FCMB, First Bank, Sterling Bank and Access Bank, amongst others)
- ATMs and land-based agents
- Online payment transfers (PayCom and GT Bank are examples)
