Economy
Siemens Predicts Bright Future for Ugandan Oil & Gas Sector
By Dipo Olowookere
One of the leading firms in the world, Siemens, has said the Ugandan oil and gas industry has the tendency to boost its economy in the nearest future.
Recently, the International Monetary Fund (IMF) stated that the oil reserves in Uganda may account for around 4 percent of the country’s economy annually in the next few years if managed well and these sentiments were echoed by speakers and delegates attending the Uganda International Oil & Gas Summit in Kampala Uganda.
Addressing government officials and delegates, Patrice Laporte, Vice President of Siemens North American Oil & Gas Division, presented a keynote titled ‘Digitalization in the Oil and Gas Sector.’
“As more and more technology per barrel is required, oil and gas projects are becoming increasingly complex and the need for an integrated solution is important,” said Laporte. “The anticipated positive economic impact in Uganda from the oil and gas sector is indeed promising but the full effect of this will only benefit the country and its citizens through judicious planning and implementation of the proposed pipeline.”
Uganda is a new entrant into the oil and gas market. The proposed oil pipeline stretching from Uganda oil fields to the Tanzanian port of Tanga will be the world’s longest electrically heated crude oil pipeline.
It is estimated to be one of the most expensive projects to develop upstream, midstream and downstream infrastructure and the country is looking to capitalize on lessons learned in other developing oil & gas markets, as well as from established producers.
“With an estimated 6.5 billion barrels of oil and close to 500 billion cubic feet of gas, Uganda is a promising site for exploration. Siemens has a proven track record of delivering fit-for-purpose technical solutions on a large scale in remote locations. This expertise and knowledge can play a decisive role in ensuring the performance and on-time delivery of a key infrastructure project of this magnitude,” added Laporte.
Siemens is considered one of the technology leaders in the industry because of its full spectrum solutions, products and services. “For many years Siemens have been supplying industrial automation, power generation and power distribution strengths and experience to the oil and gas industry.”
“What makes this special is that our expertise and technology is not only of benefit at the inception of a project but along the full value chain and throughout the entire lifecycle of an investment. Our innovative technical solutions ensure the sustainability of projects with a key focus on reliability, performance and economic efficiency.”
Siemens involvement in the third Uganda International Oil & Gas Summit follows on the back of its participation at Future Energy Uganda earlier this month as well as the signing of the Memorandum of Understanding (MoU) in May this year at the World Economic Forum in South Africa.
The company is collaborating with Uganda on a number of fronts related to the country’s immediate and long-term energy and infrastructure ambitions as well as actively investigating the best option to establish a local presence based on business sustainability.
Sabine Dall’Omo, Siemens CEO for Southern and Eastern Africa recently commented while in Uganda, “Siemens is a company that invests for the long term and is optimistic about the long-term fundamentals of the Ugandan market.
“We want to support sustainable development – with solutions and projects in Africa, for Africa and are actively reviewing the requirements for the organization to open an office in Uganda taking into consideration business sustainability.”
Running low on data with no airtime to spare, but you’ve got an unused gift card sitting in your email or phone? You’re not alone.
A lot of Nigerians receive gift cards from friends, family abroad, or clients, but have no real use for them. Meanwhile, data is one of those everyday needs that can’t wait. So the question comes up often: can you actually use a gift card to buy data in Nigeria? Let’s get into the answer.
Is It True That You Can Use Gift Cards to Buy Data in Nigeria?
Yes, you can buy data using your gift cards, but not directly.
Let’s clear up the confusion first. You cannot hand your Apple or Amazon gift card code directly to MTN, Airtel, or Glo and expect them to accept it as payment for data. Telecom networks don’t have any system for redeeming gift cards. They only take cash, bank transfers, USSD payments, or app-based payments.
So where does the idea come from? It comes from the workaround that’s become common practice: converting the gift card into cash first, then using that cash to buy data the normal way. This is where a gift card trading platform like Cardgoal comes in. Instead of a gift card sitting unused because you have no matching account to redeem it on, or no interest in what the card offers, you trade it in for real Naira. From there, buying data is as simple as it always is.
In other words, “buying data with a gift card” isn’t a direct swap. It’s a two-step process that takes just a few minutes when you use the right platform. And once you understand this, it opens up a genuinely useful way to make idle gift cards work for you.
How to Buy Data in Nigeria with a Gift Card? Step-by-Step
Here’s exactly how the process works from start to finish:
Step 1: Sell Your Gift Card on Cardgoal
- Download the Cardgoal app from Google play store or Apple App store
- Sign up and select the gift card you’re holding
- Enter the card’s value and code
- Get the details verified
Step 2: Get Paid Instantly
Once your card is verified, your payout is sent straight to your Cardgoal Wallet. This is the core value of using a trading platform over trying to sell a card informally to a stranger online. You can use this value to pay bills including data and airtime purchases. You get your gift card value quickly and securely, without the risk of being scammed or shortchanged.
Step 3: Use the funds to Top Up Data
With your gift card value in Naira now in your account, you can top up data directly within the Cardgoal app.
- Go to Pay Bills
- Tap on “Buy Data”option
- Select your network: — MTN, Glo, Airtel, or 9mobile.
- Enter the phone number to recharge.
- Input the amount you want to buy.
- Confirm the transaction — and your preferred data arrives almost instantly.
By this method, you can;
Whichever network you’re on, the cash from your gift card sale spends exactly the same as money from any other source, because at this point, that’s exactly what it is.
Why Use Cardgoal To Buy Data in Nigeria Instead of Other Methods?
There are informal ways to try converting a gift card into value, like posting it in a WhatsApp group, negotiating with a random buyer on social media, or asking around for anyone willing to take it off your hands. None of these are reliable, and most come with real risk of being underpaid or scammed outright. Here’s why selling gift cards through a proper platform makes more sense:
- Instead of waiting days for someone to respond to a post, verification and payout on a dedicated platform typically happen within minutes.
- Fair, transparent rates. You can see the going rate for your specific card before you commit to the trade, rather than negotiating blindly with a stranger.
- Verification checks confirm your card is valid and correctly priced, protecting you from common scams like fake buyers or already-redeemed codes.
- Convenience of one app. Beyond gift card trading, Cardgoal also supports airtime and data purchases, bill payments, and rewards. So once your card is converted to cash, you not even need to leave the app to complete your data top-up.
- No back-and-forth. There’s no haggling, no waiting for a buyer to “confirm” payment, and no uncertainty about whether the trade will actually go through.
For anyone who regularly ends up with gift cards they don’t need, this turns what would otherwise be a stagnant asset into something genuinely useful like data, airtime, bills, or straight cash.
Turn Your Unused Gift Card Into Data Today
If you’ve been sitting on a gift card with no real use for it, there’s no reason to let it go to waste. Selling it for cash and buying data with the proceeds is quick, safe, and puts real value back in your hands
Download the Cardgoal app today, sell your gift card, and buy data on your preferred network in minutes.
By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited recorded a profit after tax of N535 billion in June 2026, representing a 15.8 per cent increase from the N462 billion posted in May.
This information was revealed in the company’s June 2026 Monthly Financial and Operations Report released on Friday, which also showed that revenue for the month stood at N4.389 trillion.
According to the report, cumulative statutory payments to the federation between January and June 2026 rose to N6.286 trillion, reflecting the company’s continued contribution to government revenue.
On the operational side, average crude oil and condensate production slipped slightly to 1.72 million barrels per day (mbpd) in June from 1.73 million barrels per day in May. The state oil company attributed the decline to operational disruptions, facility integrity issues, and subsurface challenges across some producing assets.
The production figure remains close to Nigeria’s recent output levels as the country continues efforts to sustain higher crude production through improved security around oil facilities, reduced crude theft, and increased investments in upstream operations.
Natural gas production, however, increased to 7.841 million standard cubic feet per day from 7.774 million standard cubic feet per day recorded in the preceding month, representing a 0.86 per cent rise.
The report also highlighted progress on key gas infrastructure projects. The Obiafu-Obrikom-Oben (OB3) Gas Pipeline reached 98 per cent completion, with final tie-in works underway ahead of the planned First Gas in August 2026.
The pipeline is expected to strengthen gas transmission between the eastern and western gas networks, improving supply reliability across the country.
Similarly, construction and installation of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline advanced to 94 per cent completion, supporting the target of delivering gas to Abuja in 2026. The project is designed to transport natural gas from southern Nigeria to the northern corridor, with early gas delivery to Abuja targeted for later this year.
You can turn your Apple gift card to cash easily in Nigeria by using a trusted gift card trading app like Cardsoon, which pays you directly into your bank account or wallet at a high rate, often within minutes. Some Nigerians still sell to street vendors or WhatsApp buyers, but those methods are slower, riskier, and usually pay less. In this blog, we break down every method people use to convert an Apple gift card to cash, the risk with each one, and exactly how to get the highest naira value for your card.
What It Means to Turn Your Apple Gift Card to Cash in Nigeria
An Apple gift card holds a fixed dollar value that you can only spend on the App Store, iTunes, or Apple purchases. That is a problem if you were gifted one but you would rather have naira in your account. Turning it to cash simply means selling that card to a buyer who pays you the naira equivalent based on the current market rate.
The rate you get depends on three things: the card type (physical cards pay more than e-code or digital cards), the denomination, and who you sell to. This last point matters most, because the difference between a street vendor and a proper trading app can be thousands of naira on a single card.
Different Methods Nigerians Use to Sell Apple Gift Cards for Cash
There is no single way to cash out an Apple gift card in Nigeria. Here are the four methods people actually use, and what to expect from each.
1. Selling to Street Vendors and Physical Gift Card Traders
In markets like Computer Village in Lagos, you will find traders who buy gift cards on the spot for cash. It feels fast because you walk away with naira the same day. The downside is that street rates are almost always low, you have little protection if the deal goes wrong, and carrying cash around a busy market is its own risk. There is also no record of the transaction if a dispute comes up later.
2. Using WhatsApp and Telegram Gift Card Buyers
Plenty of vendors advertise gift card rates on WhatsApp and Telegram. You send your card details, they confirm, and they transfer naira to your account. The problem is trust. You are handing card details to a stranger before any money moves, and once a scammer has your code, the card can be redeemed instantly. Overpayment tricks and fake payment screenshots are common here.
3. Trading Peer-to-Peer on Social Media
Some people sell directly to individual buyers found on X, Facebook groups, or forums. Rates can look attractive because there is no platform in the middle, but there is also nobody protecting you. If the buyer disappears after you share the code, you have no way to recover your money. This is the riskiest method on the list.
4. Using an Official Gift Card Trading App
This is the method most Nigerians now trust. A licensed gift card trading app buys your Apple card directly, shows you a live rate before you commit, and pays you into your wallet or bank account, usually within minutes. Cardsoon, the best gift card trading app with high rates, is a good example: it removes the guesswork of street haggling and the danger of dealing with strangers.
Why Official Gift Card Trading Apps Are the Safest Way to Convert Apple Gift Cards to Cash
When you compare all four methods side by side, official apps win on the things that actually matter: safety, speed, and rate.
- You see the rate before you sell. The app shows a live naira value so there is no arguing over price.
- Your card details stay inside a secure system. You are not messaging codes to a random number.
- Payment is traceable and fast. Money lands in your wallet or account, not as cash you have to carry home.
- There is customer support if something goes wrong. A street vendor has no dispute process.
If you want a full walkthrough of the platforms available and how they compare, read our complete guide to sell Apple gift cards in Nigeria.
Why Cardsoon Is the Best Gift Card Trading App With High Rates in Nigeria
Not every trading app is equal. Some advertise good rates but slice them down with hidden charges, and others make you wait hours for payment. Cardsoon was built to fix both problems, and here is what makes it stand out for Apple gift cards.
- High, transparent rates. You get the exact naira figure shown on screen, not a lower amount after mystery deductions.
- No hidden fees. No service, transaction, or withdrawal charges eating into your payout.
- Instant payment. Once your card is verified, naira hits your Cardsoon wallet within minutes.
- 24/7 customer support. Real help whenever you need it, day or night.
- Ways to earn more. Daily check-in rewards and the Buddy Bonus referral feature let you boost your final payout beyond the base rate.
- Built-in security. Biometric login and advanced password settings keep your account and card details safe.
How to Turn Your Apple Gift Card to Cash on Cardsoon Step by Step
The whole process takes only a few minutes. Here is exactly how it works:
- Download the app and sign in. Register with your email, or log in if you already have an account.
- Open the Sell Gift Card section. On the dashboard, tap “Apple & iTunes”, listed right at the top.
- Select the correct card type. Choose physical or digital (e-code). Picking the wrong one can stall your trade.
- Enter your card details. Set the currency (USD) and denomination, and double-check before continuing.
- Check the live rate. Cardsoon shows the exact naira amount you will receive. Proceed only if you are happy with it.
- Tap Start Trade. The team verifies your card and pays your naira into your wallet almost immediately.
Tip: always check your Apple gift card balance on Apple’s official website before you start, and keep your purchase receipt in case you ever need to prove ownership.
How Much Is an Apple Gift Card Worth in Naira Today?
Apple gift card rates in Nigeria change daily based on market demand, so treat any figure as a snapshot rather than a fixed price. As a rough guide, higher denominations like $100, $200, and $500 cards attract the strongest naira value, and physical cards consistently pay more than e-code cards.
INSERT: current $100, $200 and $500 Apple gift card rates for physical and e-code cards
For a live figure updated regularly, check how much a $100 Apple gift card is to naira today before you sell so you can time your trade for the best deal.
Mistakes to Avoid When Converting Your Apple Gift Card to Cash
- Falling for “too good to be true” rates. Overpayment offers are a classic scam setup.
- Selecting the wrong card type. Physical and e-code cards have different rates and processes.
- Selling on public Wi-Fi. An unsecured connection makes your details easier to steal.
- Skipping the balance check. A card with a used or partial balance may be rejected.
FAQs About Turning Apple Gift Cards to Cash in Nigeria
Can I turn my Apple gift card to cash instantly in Nigeria?
Yes. Using a trading app like Cardsoon, your naira is paid into your wallet within minutes of your card being verified. Instant payout is one of the biggest advantages of using an official app over a street vendor.
Is it safe to sell my Apple gift card for Naira online?
It is safe when you use a trusted platform with secure in-app systems, live rates, and customer support. It becomes risky when you deal with strangers on WhatsApp or social media who ask for your code before paying.
Which pays more, a physical or a digital Apple gift card in Naira?
Physical Apple gift cards almost always attract a higher rate than digital or e-code cards. Always confirm your card type in the app before trading so the rate you see is accurate.
Do I need a bank account to cash out my Apple gift card?
On Cardsoon, your payment goes to your in-app wallet first, and you can withdraw to your Nigerian bank account from there. You do not need to hand your bank details to any third party.
Why do Apple gift card rates keep changing?
Rates move with market demand, the card type, and the season. Demand often rises around holidays, which can push rates up. This is why checking the live rate right before you sell helps you get the best deal.
Are there hidden charges when I sell an Apple gift card on Cardsoon?
No. Cardsoon has no service, transaction, or withdrawal fees. The naira figure shown before you trade is the exact amount you receive.
Conclusion
Turning your Apple gift card to cash in Nigeria comes down to one decision: who you sell to. Street vendors and WhatsApp buyers are slower, riskier, and pay less, while an official trading app gives you a high rate, a secure process, and instant payment. Cardsoon ticks all three boxes with no hidden fees.
Ready to cash out? Download the Cardsoon app, enter your Apple card details, and get a live rate in under 60 seconds.
