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How to Fund Merrybet Account: Money Deposit Options

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How to Deposit Money to Merrybet: Guide on Account Funding

A regular punter in Nigeria would have come across Merrybet as it continues to be one of the top betting sites in Nigeria. Established in 2013, the betting site has successfully been a figure in the country’s betting industry. The online bookmaker is a legitimate place to wager as it is fully licensed and regulated by the Lagos State Lotteries Board.

Merrybet sportsbook  furnishes its clients with different techniques to support their accounts through their mobile site or the desktop version. It offers one of the best user interfaces in the Nigeria betting industry too.

“Merrybet provides their users different sorts of competition such as the punters league where you can win major cash prizes. Surprisingly, that’s not all: they offer a colossal jackpot where bettors predict a few sporting events and win prizes. The bettings site has a live betting option as well as a cash-out feature. All you need to enjoy all this is to just create an account and take part in the competition”, comments Dipo Lukman, a sports betting expert at Takebet Nigeria.

Let’s examine the different choices to deposit to the Merrybet account in this article!

What are deposit methods in Merrybet?

One special thing about Merrybet is they offer different options for funding their wallets. This set them truly apart from other betting sites in the industry. Bettors can either fund their wallets online or visit the nearest bank. Some of the options available are described below.

Instant Bank Transfer. This deposit strategy expects punters to go to specific banks suggested on the Merrybet store page. Customers ought to then demand a bank deposit slip and fill the deposit slip appropriately. The customer’s Merrybet account deposit will be acknowledged when their details are checked.

Pay direct Nigeria Deposit. This deposit strategy helps Merrybet customers to deposit money to their Merrybet account straightforwardly from their local banks. Customers ought to pay into Merrybet’s account on the Pay direct platform. Deposit into the customer’s Merrybet account will be finished when their deposit into the Pay direct account is effective and checked.

GlobalPay Deposit. This Merrybet deposit method expects clients to be signed into a Merrybet account and afterwards make a deposit with their credit card. This deposit technique must find success assuming the name on the credit card matches the name enlisted to the Merrybet account.

Quickteller ATM Nigeria Deposit. This is another Merrybet deposit strategy that expects customers to sign in on to quickteller.com/merrybet or by depositing a Quickteller on an ATM. The customer’s ID number and bank card are the prerequisites for this Merrybet deposit technique.

Bettors should insert their bank cards into the ATM and then provide their PIN.

  1. Put your card into an ATM and enter your pin
  2. Choose “Quickteller”
  3. Select pay bill and then press “Other.”
  4. Input your Customer ID and verify the recipient’s name.
  5. Click on “accept amount due”.
  6. Enter your phone number with which you’ll receive a confirmation message.
  7. Click on “proceed”. Your funds will enter your wallet and you can wager with it.

GTCollections Nigeria Deposit. This sort of Merrybet deposit strategy empowers Merrybet customers to deposit into their Merrybet account through GTBank’s Internet platform. GTBank’s web-based store strategy is likewise referred to as GTCollections. It is one of the astonishing features that was recently added to the Merrybet platform. It assists bettors with putting funds into their Merrybet account effortlessly. For this deposit method, a token device is required before transactions are finished.

Paystack Card Deposit. This deposit technique expects bettors to sign in to their Merrybet account and the amount they desire to deposit. The following page will take you to Paystack’s page where you can deposit to your Merrybet account. Input the expected information to finish the deposit process.

Paystack Bank Deposit. This Merrybet store technique expects bettors to pay to the Merrybet account on the Paystack stage. Punters ought to give fundamental identification details and the amount they would like to deposit to their Merrybet account. For security check, an OTP (One Time Password) will be sent to conclude the transaction.

Agent Deposit. This deposit method on the Merrybet platform expects clients to put aside instalments using a licensed Merrybet Agent. The procedure to follow is to go to any certified Merrybet agent and inform them that you might want to deposit to your Merrybet account. Furnish them with the necessary data and a few individual information will be required to confirm the transaction. In practically no time, the transaction will be finished and your Merrybet account will be credited.

Funding your wallet is a big step towards wagering on the betting site. Sadly, Merrybet does not offer any sign-up bonus so after funding your wallet you can just wager on your favourite sport. There are other competitions such as the Merrybet punters league. To take part in the competition, all you need to do is to place a stake with 200 NGN on an accumulator with three or more games and you stand a chance to win.

Do you need to finish KYC verification before funding?

Verification assists Merrybet with making a one-of-a-kind profile for each Merrybet client. Before clients can effectively set up their Merrybet account, a check strategy is taken to stay away from any type of misrepresentation. Any type of doubt of malignant movement will expose the client’s record to suspension.

The KYC (Know Your Computer) is another type of confirmation that is embraced to assure the security of Merrybet clients’ assets. This safety measure makes it simple for Merrybet to sort out any false movement.

For completion of your KYC, there is address verification and identity verification. The latter requires either a passport, an identification card or a driver’s licence. Address verification is also required which needs you to confirm your address of residence. You can either submit your bank statement or utility bill that’s not less than six months.

Are there terms and conditions when funding an account?

Yes, there are Terms and Conditions bettors must follow to deposit their funds easily. Some of the Terms and Conditions punters must follow include:

  • Punters should deposit cash to their Merrybet account before they can stake.
  • Punters can’t set aside instalments and make solicitations to pull them out.
  • Punters ought to guarantee they follow the prescribed deposit methods to try not to be defrauded.
  • Punters ought to guarantee that their security information is kept classified. Neither deposit details nor withdrawal data ought to be unveiled for any reason.
  • Clients are urged not to utilise any Automatic Password Memory to not uncover their security details from an outsider. Merrybet won’t be considered answerable for any type of abuse of data.

What are the commissions and timelines of deposits?

Deposits on the bookmaker are quite fast as it takes minutes for it to reflect. The Commission depends on the option you are using for your payment. For Quickteller transactions whether through ATM or online are mostly free although the minimum amount for transactions is 500 NGN.

Instant bank payout commission is mostly the transaction fee charged by the bank which can vary. Pay Direct on the other hand has a service charge of 100 NGN. Before making use of any of the options, make sure you go through their terms and conditions to see if they charge additional fees for deposition. Be smart and bet safe!

 

 

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Nigeria Targeted with 4,622 Cyber-attacks Per Week in December 2025

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In December 2025, organisations globally faced sustained cyber pressure, as the average number of cyber-attacks per organisation per week reached 2 027, a 1% increase from the previous month and a 9% increase from December 2024.

This is according to December 2025 Global Cyber Attack Statistics by Check Point Research, the threat intelligence arm of Check Point Software Technologies.

According to the statistics, Latin America was the hardest hit, with companies experiencing an average of 3 065 cyber-attacks per week, a 26% year-over-year increase.

In contrast, Africa saw a decline in attacks, with Nigeria (4 622 attacks per week) and Angola (4 002 attacks per week) being the most targeted countries on the continent.

The report’s findings highlight the evolving cyber threat landscape, with ransomware and GenAI-driven data risks posing significant challenges to companies worldwide.

Ransomware attacks jumped 60% year over year, with 945 publicly reported incidents in December. Qilin was the most active ransomware operator, responsible for 18% of publicly disclosed attacks.

“Ransomware continues to scale through industrialised operations, while unmanaged GenAI usage is creating widespread data exposure at enterprise level,” said Omer Dembinsky, data research manager at Check Point Research.

The report noted the education sector was the most targeted industry globally, with 4 349 cyber attacks per week; followed by government (2 666 attacks per week); and associations and non-profits (2 509 attacks per week).

The widespread adoption of GenAI tools has introduced new cyber security risks, with one in 27 GenAI prompts posing a high risk of sensitive data leakage.

Experts warn that companies must prioritise prevention-first security, real-time AI threat intelligence and strong governance over AI tools to mitigate these risks.

Hendrik de Bruin, head of security consulting at Check Point Software, added: “Strengthening ransomware resilience, deploying AI-powered prevention and enforcing clear GenAI governance will be critical to reducing cyber risk in the year ahead.”


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Half of Global Companies Build SOCs to Enhance Cybersecurity, with a Focus on Human Expertise

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Among the primary reasons for establishing a Security Operations Center (SOC) are strengthening cybersecurity posture, enabling faster detection and response and gaining a competitive edge.

Interestingly, despite the increasing demand for automated cybersecurity solutions, businesses rely on skilled security professionals to make key decisions, as human expertise remains essential for effective security management.

A Security Operations Center (SOC) is a dedicated organisational unit responsible for continuous monitoring and safeguarding of a company’s IT infrastructure. Its core mission is to proactively detect, analyse and respond to cybersecurity threats.

To identify the main drivers, strategic priorities, and potential challenges in SOC planning and implementation, Kaspersky has conducted a comprehensive global study involving senior IT security specialists, managers and directors from companies with 500 or more employees.

All participants operate without a SOC but have plans to establish one in the near future. The study spans 16 countries across APAC, META, LATAM, Europe, and Russia, providing valuable insights into the emerging trends and best practices in SOC development worldwide.

The findings of the research reveal that 50% of companies intend to establish SOCs to strengthen their cybersecurity posture, and 45% are motivated by the need to address increasingly sophisticated and dangerous threats.

Other drivers include budget optimisation, the necessity for faster detection and response, and the expansion of software, endpoints and user devices – factors that demand more comprehensive and layered security measures.

These are cited by 41% of organisations. Additionally, 40% seek better protection of confidential information, 39% aim to meet regulatory requirements and one-third (33%) expect SOC capabilities to provide a competitive edge. Larger enterprises tend to cite each of these reasons more often, reflecting the broader operational and regulatory pressures they experience.

Continuous monitoring becomes the leading SOC requirement

Among the key functions organisations plan to delegate, 24/7 security monitoring leads at 54%. This around-the-clock vigilance enables early detection of anomalies, prevents escalation and sustains cyber resilience in real-time. This demand highlights a strategic requirement for proactive risk management, as organisations aim to defend against persistent threats that can strike at any moment.

Companies intending to fully outsource SOC operations show a stronger interest in applying “lessons learned” methodologies, whereas those developing internal SOCs focus more on access management to maintain tighter control.

Human expertise drives SOC technology choices

While SOCs use advanced technology, the choices made by organisations show that human analysts are very important. Among the solutions that organisations plan to include in SOC are – Threat Intelligence Platforms (48%), Endpoint Detection and Response (42%) and Security Information and Event Management systems (40%) – sophisticated solutions that automate data collection and reduce operational load, however, they depend heavily on skilled security professionals who provide critical context, interpret complex findings and make final decisions when guiding appropriate responses.

Other solutions chosen include Extended Detection and Response (38%), Network Detection and Response (37%) and Managed Detection and Response (33%). Large enterprises tend to adopt more technologies (5.5 per SOC on average), while smaller ones integrate fewer (3.8).

“To successfully build a SOC, companies must prioritise not only the right mix of technology but also the careful planning of processes, clear goal-setting and effective resource distribution.

“Well-defined workflows and continuous improvement are essential to ensure that human analysts can focus on critical tasks, making the SOC a proactive and adaptable component of their cybersecurity strategy,” comments Roman Nazarov, Head of SOC Consulting at Kaspersky.

 


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Nigerian Terra Industries Secures $11.8m for Expansion

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Terra Industries, a Nigerian defence technology startup, has raised $11.75 million to expand its development of defensive systems that protect critical facilities across Africa.

The fundraising round was led by Silicon Valley venture firm 8VC, which was founded by Palantir co-founder Joe Lonsdale.

Other investors in the round include Valour Equity Partners, Lux Capital, SV Angel, and Nova Global, as well as African-focused funds Tofino Capital, Kaleo Ventures, and DFS Lab.

Terra Industries, founded in Abuja by Nathan Nwachuku and Maxwell Maduka, provides multi-domain security solutions for both air and land. Its solutions are intended to detect and respond to threats including terrorism, sabotage, and armed attacks on infrastructure.

The company’s product portfolio includes surveillance drones, ground-based robotic systems, and fixed monitoring towers deployed around sensitive locations.

Co-founder and CEO Nathan Nwachuku said the company has now fully embraced its identity as a defence-focused startup, citing the growing urgency of security challenges across Africa.

He said safeguarding critical infrastructure from terrorist threats has become unavoidable.

Nwachuku argues that protecting Africa’s infrastructure requires a different approach, one that combines local manufacturing, end-to-end system control, and software capable of independently identifying and responding to threats over large areas.

The company aims to position itself as a defence prime, similar to the role played by firms such as Anduril Industries and Palantir in the United States.

Nwachuku also disclosed that the company had earlier raised $800,000 in pre-seed funding.

With the new funding, Terra plans to increase manufacturing capacity within Africa, establish additional defence production facilities, and expand its artificial intelligence and software teams.

While software offices are planned for San Francisco and London, the company said manufacturing operations will remain on the continent.

 


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