The announcement was made on Tuesday, November 20 at the Stephen Keshi Stadium in Asaba.

There are five things you should know about the new deal.

1. Duration

The deal is for four years until 2022 with another option of renewal of the terms in 2023 to 2026. There will be an automatic four-year renewal clause once the Eagles qualify for the 2022 FIFA World Cup.

2. Money

Unlike the first deal signed by the Amaju Pinnick-led NFF in 2015, the NFF came into this negotiations in stronger terms.

For this new deal, they will get a base compensation from Nike every year, there is also an improved qualification bonus for all National Teams that reach major championships and the NFF will get 10% royalty on all Nigerian jerseys sold by Nike worldwide.

The exact earnings of the NFF from this deal will be declared at the end of the year when they publish their accounts.

3. Women national teams

Unlike the first deal sign signed in 2015, there is a term in the new contract which specified that Nike would supply more kits to the Nigeria National Teams every year. The contract now captures the Women National Teams

4. The Kits

Nike have designed three kits so far for the NFF since the 2015 deal. A kit was unveiled for the 2016 Olympic Games in Brazil while another one was used by the Super Eagles for a 2018 World Cup qualifier away at Algeria in November 2017 and the popular kits designed for the 2018 FIFA World Cup.

The NFF national teams will continue to use the current kits until 2020 when Nike unveil new kits for the 2020 Olympic Games.

5. NFF and Nike partnership

The deal signed in 2015was the first time Nike have made kits for Nigeria. The sportswear makers first supplied kits for the national teams between 1994 and 2003.

During that time, the Dream Team won a first-ever Olympics football gold in 1996 and reached the second round of the 1998 FIFA World Cup in France.