Not compliant
Secure Electronic Technology does not pass Shariah screening under the AAOIFI Standard.
NGX: NSLTECH · Technology · Screened 7 Aug 2026
Secure Electronic Technology Plc holds the license to operate the national lottery in Nigeria, formerly known as the National Sports Lottery, under an exclusive 30-year licence granted by the Federal Government and governed by the National Lotteries Act 2005. The company was founded on 3 January 2000 and is headquartered in Lagos, Nigeria. It was formerly known as National Sports Lottery Plc and changed its name to Secure Electronic Technology Plc in December 2011.
Its core business activities are lottery and gaming products, with the company managing lottery games carried out on the internet, on scratch cards, by SMS and through terminals. It is also involved in airtime vending revenue collection, card payments and treasury and asset management. The company is classified within the Gambling Industries sector.
Oyeyemi Olusoji serves as Chief Executive Officer, with Ajewole Tosin as Chief Financial Officer. The board is chaired by Nwadiuto Iheakanwa.
For the year ended 31 December 2024, revenue rose 24% to N4.35 billion from N3.49 billion, with 50 staff at the year end. For 2025, revenue was N4.24 billion, a decrease of 2.41%, with a net loss after tax of N166.8 million against a N121.0 million loss in 2024.
Lottery and gaming products as the core line, with airtime vending, card payments and treasury and asset management as supporting activities.
No. As of 7 August 2026, Secure Electronic Technology (NSLTECH) does not pass Shariah screening under the AAOIFI Standard.
Qistal re-screens every NGX ticker when new audited or interim accounts are filed. This page always shows the date of the most recent screen.
Yes. Compliance drifts as a company borrows, raises cash, or changes its business mix, so a verdict describes a moment rather than a permanent status.