Friday, March 31, 2023
  • About
  • Advertise
  • Careers
  • Contact
-18 °c
Drum Africa News
Advertisement
  • Home
  • Business
  • Entrepreneurship
  • Tech
  • Lifestyle
  • Sports
  • Opinion
  • Election Watch
No Result
View All Result
  • Home
  • Business
  • Entrepreneurship
  • Tech
  • Lifestyle
  • Sports
  • Opinion
  • Election Watch
No Result
View All Result
Drum Africa News
No Result
View All Result
Home Tech

Naija Lottery Acquired by Block Chain Company

Drum Africa by Drum Africa
January 14, 2019
in Tech
80
0
Naija Lottery Acquired by Block Chain Company
281
SHARES
2.2k
VIEWS
Share on FacebookShare on Twitter

Nigeria’s private-owned lottery games company, International Lottery and Gaming Limited (ILGL) trading as NaijaLottery has closed an acquisition deal from blockchain company, Quanta PLC.

Quanta prides its stakes in NaijaLottery as the world’s first deal to reform traditional lottery, in which a blockchain company buys a traditional lottery company.

Commenting on behalf of ILGL, CharbelSaadeh, Managing Director of Naija Lottery says that “ILGL has provided popular and entertaining games to the Nigerian players; we are very excited to collaborate with Quanta to create an even more compelling experience to optimize lottery playing for the 200-million Nigerian market.”

Quanta prides its stakes in NaijaLottery as the world’s first deal to reform traditional lottery, in which a blockchain company buys a traditional lottery company.

On his part, Kostas Farris, Group CTO of Quanta says the deal “will usher in an era when innovation compliments tradition, injecting the power of blockchain technology into the lottery business. We are confident that we can make blockchain popular and this acquisition represents a significant base for Quanta to target other emerging markets in Africa and other continents.”

The companies says that the Nigeria lottery industry is a major source of wealth distribution in the country, while the role of cryptocurrencies continues to garner national-level attention.

Tags: blockchainDrum Africa Newsnaija lotteryNigeriasports betting
Previous Post

Highest female genital mutilation is in Ondo – UNICEF

Next Post

Developing Scandal: Chima Anyaso in court, alleged to have forged OUK’s signature to divert N7bn

Related Posts

REASONS TO LOVE HUAWEI Y9 PRIME 2019
Tech

REASONS TO LOVE HUAWEI Y9 PRIME 2019

July 23, 2019
Desert solar initiative to make Africa a renewables power-house
Africa

Desert solar initiative to make Africa a renewables power-house

January 14, 2019
News

Amnesty International: “Twitter Is A Toxic Place For Women” 

December 21, 2018
Next Post
Developing Scandal: Chima Anyaso in court, alleged to have forged OUK’s signature to divert N7bn

Developing Scandal: Chima Anyaso in court, alleged to have forged OUK’s signature to divert N7bn

[jnews_footer_social compatible_column_notice="" icon_background="#e0e0e0" icon_text_color="#666" icon_hover_background="#fcb11e" icon_text_hover_color="#191818"]

Categories

  • Africa
  • All
  • Business
  • Economy
  • Education
  • Election Watch
  • Entertainment
  • Entrepreneurship
  • Fashion
  • Guide
  • Health
  • Inspiration
  • Lifestyle
  • Market
  • Music
  • National
  • News
  • Opinion
  • Politics
  • Tech
  • Travel
  • Uncategorized
  • World

Get our Newsletters

  • About
  • Advertise
  • Careers
  • Contact

© 2019 Drum Africa News - delivering the sounds of Africa.

No Result
View All Result
  • Home
  • Business
  • Entrepreneurship
  • Tech
  • Lifestyle
  • Sports
  • Opinion
  • Election Watch

© 2019 Drum Africa News - delivering the sounds of Africa.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.