By Aduragbemi Omiyale

Business mogul, Mr Femi Otedola, has resigned as the chairman of Geregu Power Plc, a company listed on the Nigerian Exchange (NGX) Limited.

He stepped down from the position after selling 95 per cent equity stake in Amperion Power Distribution Company Limited to MA’AM Energy Limited.

As a result of this transaction, completed on Monday, December 29, 2025, the indirect controlling interest previously held by Calvados Global Services Limited and Mr. Femi Otedola, CON in Geregu Power Plc has been transferred to MA’AM Energy Limited.

The deal, believed to be worth about $750 million, has made Mr Abdul-Aziz Abubakar Yari the new chairman of the board of Geregu Power.

A statement from the power generating firm today disclosed that the change in the ownership of the company’s majority shareholder results in a change in the ultimate beneficial ownership of 77 per cent of the organisation’s issued share capital.

The new chairman of Geregu is a distinguished Nigerian statesman and public servant. His career spans education, politics, and public administration, beginning as a classroom teacher and progressing through key political and governance roles at state and national levels, including membership of the House of Representatives.

He holds qualifications in Public Administration, Finance and Investment Management (MSc) from the University of Salford, and a Certificate in Leadership and Change from the London School of Economics, complementing his foundational Islamic and formal education.

It was also disclosed that the chief executive of Geregu Power, Mr Akin Akinfemiwa; and his deputy, Mr Julius Omodayo-Owotuga, have resigned, but will be collaborating with the newly appointed directors to ensure a smooth transition.

The board has appointed Abdulkadeer Babangida Njiddah as Non-Executive Director, Usman Gur Mohammed-Independent as Non-Executive Director, Mohammed Sani Jaafaru as Independent Non-Executive Director, Neka Uzoamaka Adogu as Independent Non-Executive Director, and Mahmud Abubakar Magaji (SAN) as Independent Non-Executive Director.

In recent years, Gift Card to Naira Exchange has grown rapidly in Nigeria, as more people discover that unused gift cards can be converted into instant cash through trusted online platforms. What was once seen as a foreign or niche practice has now become a practical financial option for many Nigerians.

Sell Gift Cards such as Apple, Amazon, Steam, Google Play, Sephora, Xbox, and PlayStation are commonly received from friends and family abroad, freelance work, online rewards, or promotions. However, due to regional restrictions and limited local usage, many of these cards cannot be easily spent in Nigeria. Instead of letting them go unused, more Nigerians are choosing to sell gift cards online for immediate payment.

Why More Nigerians Are Selling Gift Cards Online

The rising popularity of online gift card trading is driven by several factors:

First, Nigeria’s digital economy continues to expand, with more people engaging in international work, gaming, e-commerce, and online subscriptions. Gift cards have become a common form of digital value, but not all of them are usable locally.

Second, selling gift cards offers a fast and flexible way to access cash. Unlike traditional financial options that may involve delays or restrictions, gift card trading allows users to convert digital assets into money within minutes.

As a result, gift cards are increasingly viewed not just as vouchers, but as liquid digital assets that can be exchanged whenever the need arises.

How Online Gift Card Trading Works

On a reliable platform, the process of selling gift cards is simple and transparent:

1. Check the current gift card rate – Prices vary depending on the brand, card type, region, and market demand.
2. Submit gift card details – This may involve entering the card code or uploading a clear image.
3. Confirm the exchange value – Users can review the offered amount before approving the trade.
4. Receive instant payment – Once verified, funds are sent directly to a bank account or supported wallet.

For trusted platforms, this entire process is completed quickly, often within minutes.

The Importance of Safety and Trust

While gift card trading is convenient, safety remains a major concern in Nigeria’s digital space. Many scams occur through social media or private messaging, where fraudsters promise unrealistically high rates and disappear after collecting card details.

To avoid these risks, users are advised to trade only on platforms that provide:

• Transparent and real-time rates
• Clear trading procedures
• Secure verification systems
• Accessible customer support

Choosing the right platform is essential to protecting both funds and personal information.

Migo – Sell Gift Cards: A Reliable Platform for Gift Card Trading

Migo is a professional gift card trading platform serving users in Nigeria and Ghana. It focuses on three core principles: speed, transparency, and security.

Migo supports a wide range of popular gift cards, including:

Apple; Amazon; Steam; Google Play; Razer Gold; Xbox; PlayStation; Roblox; Vanilla Visa; Walmart MoneyCard; Target; Macy’s; Best Buy; GameStop; Nike; Foot Locker; Sephora; Nordstrom; Coach; Dollar General; NetSpend; LOWE’S; Paysafe Card; MoneyPak; Amex; go2bank; One4All.

This broad coverage allows users to trade multiple card types on a single platform.

One key advantage of Migo is its real-time rate display. Users can see exactly how much cash they will receive before confirming a transaction, helping them make informed decisions and avoid hidden fees.

Frequently Asked Questions (FAQ)

Is it safe to sell gift cards online in Nigeria?

Yes, it is safe when using a trusted platform with transparent rates and secure verification processes.

How fast will I get paid after selling my gift card?

Most transactions are completed within minutes once the gift card is verified.

What gift cards can I sell on Migo – Sell Gift Cards?

Migo – Sell Gift Cards supports many popular cards, including Apple Gift Cards, Amazon, Steam Gift Card, Razer Gold Gift Card, Google Play, Sephora, Xbox, PlayStation, Paysafe Card, and more.

Why do gift card rates change?

Rates depend on factors such as brand, card region, market demand, and availability.

How can I avoid gift card scams?

Avoid private buyers on social media, be cautious of unusually high rates, and always use a verified trading platform.

Is selling gift cards legal in Nigeria?

Selling legally obtained gift cards through reputable platforms is generally accepted in Nigeria.

Looking Ahead

As digital payments, online work, and international commerce continue to grow in Nigeria, gift card trading is expected to remain a reliable way for individuals to unlock the value of unused digital assets.

By choosing secure and transparent platforms like Migo – sell gift card in Nigeria, users can trade gift cards with confidence and receive instant cash when they need it most.

Migo – Sell Gift Cards is a digital trading platform providing secure and instant gift card-to-cash conversion for users in Nigeria and Ghana. The service supports 30+ gift card types, including Razer Gold, Steam, Amazon, Google Play and Apple. For more information, visit the official website.

Website: https://www.migogiftcard.com

iOS Download Link: https://apps.apple.com/us/app/migo-sell-gift-cards/id6670494373

Playstore Download Link: https://play.google.com/store/apps/details?id=com.antwallet.giftcard

By Adedapo Adesanya

The Centre for the Promotion of Private Enterprise (CPPE) has forecast that Nigeria’s economy may grow as much as 4.5 per cent in 2026 following major gains in macroeconomic stability in 2025, which could pave way for stronger growth.

The chief executive of CPPE, Mr Muda Yusuf, disclosed this in a statement while presenting the organisation’s review of the economy in 2025 as well as its outlook for 2026.

He noted that the country recorded gains especially in exchange rate management inflation and business confidence this year, adding that 2025 provided a strong foundation of stability and with sustained reforms and improved security, 2026 could witness more robust growth and better living standards.

According to him, the most notable achievement in 2025 was the stability of the Naira which traded largely between N1,440 and N1,500 to the Dollar.

He said that this stability boosted business confidence, reduced imported inflation, and made pricing and investment planning more predictable.

He added that inflation also dropped sharply from 24.48 per cent in January, to about 14.45 per cent in November, strengthened by improved supply conditions and reduced logistics pressures.

According to him, prices of many food items and imported goods fell during the year, leading to improved consumer sentiment.

Mr Yusuf said that business confidence also strengthened throughout the year, adding that, many companies which recorded losses in 2024 returned to profitability in 2025.

On fiscal performance he said that federal government revenues fell short because of lower than expected oil prices and weak oil production.

He added that the 2025 budget was based on assumptions that did not materialise, including oil production of 2.06 million barrels per day, and an oil price of 75 dollars per barrel.

Mr Yusuf said that actual production averaged 1.66 million barrels, while prices hovered around $66. According to him, this led to a significant shortfall from the projected 41 trillion naira revenue target, and weakened capital expenditure performance.

He, however, disclosed that many states performed better, with stronger internally generated revenue, improved liquidity and better project execution.

Reviewing sectoral performances, he said that the service sector remained the strongest driver of growth, accounting for 53 per cent of GDP by the third quarter of the year.

“Telecommunications finance construction real estate and trade led the expansion,” he said

He said that the non oil sector grew by 3.91 per cent and contributed over 96 per cent of GDP.

According to him, manufacturing remained weak, contributing only 7.62 per cent to GDP and growing by 1.25 per cent due to power shortages high logistics costs unfair import competition and rising operating expenses.

Mr Yusuf noted that Agriculture recorded a modest recovery, growing by 3.79 per cent though insecurity while low productivity remained major obstacles.

Looking ahead, the CEO said that rhe outlook for 2026 is one of cautious optimism.

He projected a GDP growth of between 4 and 4.5 per cent, supported by lower inflation stronger consumer demand and possible monetary easing.

He said that services would continue to drive growth while capital markets could receive a major boost from a potential listing of the Dangote Refinery.

Meanwhile, he warned of risks factors, including; insecurity, oil price and production volatility, high operating costs, fiscal pressures, geopolitical tensions, and political uncertainties.

Mr Yusuf noted that growing resistance to tax reforms could also affect revenue projections.