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Economy

Best 5 Apps to Convert Gift Card to Naira in Nigeria

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Apps to Sell Gift Cards

Gift cards are a great way to shop, pay for services, or send thoughtful gifts, especially from popular platforms like Amazon, iTunes, or Google Play. However, there are times you get a gift card you can’t use, maybe because the brand doesn’t operate in Nigeria, or you just need the cash instead. In moments like that, turning your gift card into Naira is the smart move.

The good news is that several trusted apps in Nigeria make it easy to convert gift cards into cash safely and quickly. Essentially, to get cash from your gift card, you have to sell it, either to a trading platform or another buyer.

In this guide, you’ll find the best apps to use to sell your gift card in Nigeria, and what to expect from each one.

Top 5 Apps to Convert Gift Cards to Cash in Nigeria

Nosh sell gift cards

Here are five reliable platforms that help you exchange gift cards for Naira with ease:

  1. Nosh
  2. Jiji Nigeria
  3. Kusnap
  4. eBay
  5. Facebook

1. Nosh

Nosh is one of the most trusted apps in Nigeria when it comes to trading gift cards. It supports several kinds of cards, such as Amazon, Steam, iTunes, Google Play, and more, and gives you a smooth, fast experience from start to finish.

You can access the platform via the web app or download the app on App Store or Google Play Store depending on your device.

Key Features:

  • Great Rates: You get some of the best exchange rates available, which allows you to get the most value for your card.
  • Instant Payments: Once your card is confirmed, your payment is sent to your wallet right away.
  • Easy to Use: Even if you’re new to trading, the app is simple to explore, and you can complete your transaction without feeling lost or confused.
  • Rate Calculator: You can check how much you will receive before trading.
  • Multi-service Platform: Nosh works as a multi-service platform for digital transactions. So, beyond gift card trading, it lets you buy airtime, pay bills, sell crypto and more.

With its secure platform, transparent rates, and fast payouts, Nosh is a top choice for anyone looking to buy or sell gift cards in Nigeria.

Drawback:

  • Less common gift card brands are not supported for trading.

2. Jiji.ng

Jiji is one of Nigeria’s largest online marketplaces, best known for listings like cars, phones, and electronics. However, beyond that, it’s also a place where many people go to sell their gift cards directly to interested buyers, making it a convenient option for quick, peer-to-peer exchanges.

Key Features:

  • Direct to buyer selling: You connect directly with buyers, so you set your price and negotiate on your terms.
  • Large user base: Jiji’s huge user base gives your listing a good chance of getting noticed.
  • Negotiable Rates: You are free to set your own price and work out a deal with buyers that suits you both.

Disadvantages:

  • There is a higher risk of scams because of the peer-to-peer transaction nature.
  • Deals can take longer to close compared to apps like Nosh.

3. Kusnap

Like Jiji, Kusnap is a Nigerian online marketplace where you can list and sell your gift cards. The app is available for download on both App Store and Google Play Store.

Key Features:

  • Post for Free: Posting to notify buyers that you are available to trade gift cards is free, and the site is easy to use.
  • Beginner-friendly platform: The platform is simple and easy to use, even if it’s your first time. You don’t need any special skills to post, browse, and connect with others without feeling overwhelmed.

Drawbacks:

  • Since transactions are not automated, you will need to put in a bit more effort, like chatting with buyers, agreeing on a price, and arranging the trade yourself.
  • Trading directly with other people can sometimes come with risks, like dealing with unreliable buyers or facing payment issues.

4. eBay

If you are open to a global audience, eBay offers a way to sell your gift cards to people beyond Nigeria. It is an online marketplace where you can list your gift card for sale and potential buyers can bid for it.

Key Features:

  • Access to a global audience: You reach more potential buyers, which can help you sell faster.
  • You can set your own price: You are in control, and you decide how much you want to sell for.

Drawbacks:

  • International trading comes with extra fees that could reduce your profits.
  • Payments might take longer because of international exchange processes.

5. Facebook

You can sell your gift cards for cash on Facebook, using Facebook Marketplace. Facebook marketplace is an online market platform created by Facebook for people to buy and sell. It is a simple way to get buyers for your gift card, especially within your local community.

Key Features:

  • Community-based: You can trade directly with buyers in your vicinity.
  • Free Listings: You can post your gift cards and start connecting with buyers at no charge.

Drawbacks:

  • Like other peer-to-peer platforms, you need to be cautious to avoid scams.
  • It might take time to find a trustworthy buyer and close the deal.

How to Sell Gift Cards for Naira

sell gift cards Nosh

If you’re looking to turn your unused gift cards into Naira, Nosh makes the process quick and stress-free. Here’s how you can do it, step by step:

Step 1: Download the App

Start by downloading the Usenosh app from the Google Play Store or the Apple App Store. It’s fast, secure, and easy to install.

Step 2: Sign Up and Verify Your Account

Create your account and go through a simple verification process. This helps keep your transactions safe and secure.

Step 3: Select “Sell Gift Card”

Once you’re logged in, tap on the “Buy/Sell Gift Card” button on the homepage, then select the option to “Sell Gift Card” to begin your trade.

Step 4: Enter the Gift Card Details

Pick the gift card brand, select the right sub-category, and enter the amount you want to sell. Make sure everything matches your card to avoid delays.

Step 5: Upload the Card Image

Upload a clear image of the gift card if it’s a physical one. Once you’ve entered all the details, you will see how much you will be paid in Naira.

Step 6: Complete the Transaction

Review your trade summary and proceed with the transaction to receive your payout instantly.

Frequently Asked Questions About Apps to Sell Gift Cards in Nigeria

  1. What is the best app to redeem gift cards in Nigeria?

Nosh is widely considered the best app to redeem gift cards in Nigeria, thanks to its fast payouts, good rates, and secure platform.

  1. Which app can I use to change my gift card to Naira?

You can use Nosh, Jiji.ng, Kusnap, eBay, or Facebook Marketplace to trade your gift card for Naira, depending on your preference.

  1. How do I convert a gift card to Naira?

Pick a trusted gift card trading app like Nosh, create an account, upload your gift card details, and receive your Naira payout once the transaction is confirmed.

  1. What is the best gift card exchange in Nigeria?

Nosh remains a top-rated option for its high gift card rates, reliability, transparency, and ease of use.

  1. Where can I trade gift cards for cash in Nigeria?

You can trade your unused gift cards on Nosh, Jiji.ng, Kusnap, eBay, or Facebook Marketplace. If you don’t want to go through middlemen or deal with vendors, Nosh is your best option. However, if you prefer P2P trading, Jiji.ng or Facebook Marketplace works best.

Final Thoughts

Selling a gift card you don’t need is a smart way to turn unused value into cash. Whether you go with an instant payout app like Nosh or choose a marketplace like Jiji or Kusnap, you have good options. Just be sure to pick a platform that’s secure, easy to use, and trusted by other users.

If you want a smooth and safe experience, register on the Nosh app today and start trading your gift cards at the best rates available in Nigeria.

Economy

Presco, GTCO List Additional Shares on Stock Exchange

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Nigeria's stock exchange

By Aduragbemi Omiyale

The duo of Presco Plc and Guaranty Trust Holding Company (GTCO) Plc has listed additional shares on the Nigerian Exchange (NGX) Limited.

The extra equities of these two publicly-listed organisations were admitted to the local stock exchange last Friday, increasing their respective total issued and fully paid-up shares.

For Presco, it listed fresh 166,666,667 ordinary shares of 50 Kobo each on the daily official list of the NGX on Friday, January 30, 2026, increasing its total issued and fully paid-up stocks from 1,000,000,000 units to 1,166,666,667 units.

The additional equities were from the rights issue of the firm allotted to shareholders on the basis of one new share for every existing six ordinary shares held as at close of business on Monday, October 13, 2025.

In a circular issued over the weekend, the NGX said, “Trading licence holders are hereby notified that additional 166,666,667 ordinary shares of 50 Kobo each of Presco Plc were on Friday, January 30, 2026, listed on the daily official list of Nigerian Exchange (NGX) Limited (NGX).

“The additional shares arose from the company’s rights issue of 166,666,667 ordinary shares of 50 Kobo each at N1,420.00 per share on the basis of one new share for every existing six ordinary shares held as at close of business on Monday, October 13, 2025.

“With the listing of the additional 166,666,667 ordinary shares, the total issued and fully paid-up shares of Presco Plc has now increased from 1,000,000,000 to 1,166,666,667 ordinary shares of 50 Kobo each.”

As for GTCO, it listed additional125,000,000 ordinary shares of 50 Kobo each at N80.00 per unit offered through private placement.

The fresh equities taken to Customs Street have raised the total issued and fully paid-up shares of GTCO from 36,425,229,514 to 36,550,229,514 ordinary shares of 50 Kobo each.

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Economy

FG, States, Local Councils Share N1.969trn FAAC Allocation

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faac allocation

By Adedapo Adesanya

A total of N1.969 trillion was shared to the federal government, the 36 state governments and the 774 local government councils from the gross revenue of N2.585 trillion generated by the nation in December 2025.

The money was disbursed to the three tiers of government at the January 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja.

In a statement issued on Monday by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation (OAGF), Mr Bawa Mokwa, it was stated that the FAAC allocation comprised statutory revenue of N1.084 trillion, distributable Value Added Tax (VAT) revenue of N846.507 billion, and Electronic Money Transfer Levy (EMTL) revenue of N38.110 billion.

“Total deduction for cost of collection was N104.697 billion, while total transfers, refunds, and savings were N511.585 billion,” the statement partly read.

It was also revealed that from the N1.969 trillion total distributable revenue, the federal Government received the sum of N653.500 billion, and the state governments received N706.469 billion, the local government councils received N513.272 billion, and the sum of N96.083 billion was shared with the benefiting state as 13 per cent derivation revenue.

He said of the N1.084 trillion distributable statutory revenue, the central government received N520.807 billion, the state governments got N264.160 billion, the local councils were given N203.656 billion, and N96.083 billion was shared to the benefiting states as 13 per cent derivation revenue.

FAAC noted that from the N846.507 billion distributable VAT earnings, the federal government got N126.976 billion, the state governments received N423.254 billion, and the local government councils got N296.277 billion.

From the revenue from EMTL, Mr Mokwa explained that the national government was given N5.717 billion, the state governments got N19.055 billion, and the councils collected N13.338 billion.

He added that the companies’ Income Tax (CIT)/CGT and STD, Import Duty and Value Added Tax (VAT) increased significantly in December, while oil and gas royalty, CET levies and fees increase marginally, with excise duty, Petroleum Profit Tax (PPT)/Hydrocarbon Tax (HT), and EMTL considerably down.

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Economy

Oil Exports to Drop as Shell Commences Maintenance on Bonga FPSO

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Bonga FPSO

By Adedapo Adesanya

Nigeria’s oil exports will drop in February following the shutdown of the Bonga Floating Production Storage and Offloading (FPSO) vessel scheduled for turnaround maintenance.

Shell Nigeria Exploration and Production Company (SNEPCo) Limited confirmed the development in a statement issued, adding that gas output will also decline during the maintenance period.

This comes as SNEPCo begun turnaround maintenance on the Bonga FPSO, the statement signed by its Communications Manager, Mrs Gladys Afam-Anadu, said, describing the exercise as a statutory integrity assurance programme designed to extend the facility’s operational lifespan.

SNEPCo Managing Director, Mr Ronald Adams, said the maintenance would ensure safe, efficient operations for another 15 years.

“The scheduled maintenance is designed to reduce unplanned deferments and strengthen the asset’s overall resilience.

“We expect to resume operations in March following completion of the turnaround,” he said.

Mr Adams said the scope included inspections, certification, regulatory checks, integrity upgrades, engineering modifications and subsea assurance activities.

“The FPSO, about 120 kilometres offshore in over 1,000 metres of water, can produce 225,000 barrels of oil daily.

“It also produces 150 million standard cubic feet of gas per day,” he said.

He said maintaining the facility was critical to Nigeria’s production stability, energy security and revenue objectives.

Mr Adams noted that the 2024 Final Investment Decision on Bonga North increased the importance of the FPSO’s reliability. He said the turnaround would prepare the facility for additional volumes from the Bonga North subsea tie-back project.

According to him, the last turnaround maintenance was conducted in October 2022.

“On February 1, 2023, the asset produced its one billionth barrel since operations began in 2005,” Mr Adams said.

SNEPCo operates the Bonga field in partnership with Esso Exploration and Production Nigeria (Deepwater) Limited and Nigerian Agip Exploration Limited, under a Production Sharing Contract with the Nigerian National Petroleum Company (NNPC) Limited.

The last turnaround maintenance activity on the FPSO took place in October 2022. On February 1, the following year, the asset delivered its 1 billionth barrel of oil since production commenced in 2005.

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