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How To Buy Gift Cards In Nigeria




How To Buy Gift Cards In Nigeria

A gift card, also known as a gift certificate, gift voucher, or gift token, is a prepaid money card with a stored value issued by merchants, shops, and banks as an alternative to cash for purchases at a particular store or establishment (How To Buy Gift Cards In Nigeria). These cards are already disrupting the global financial landscape, so their worth and essence in the financial market are becoming noticeable and imperative. By the end of 2022, the global gift card market stands at over $424 billion, with the expected value to increase to about $510 billion by 2025.

Gift a crucial role in streamlining and enhancing convenience when purchasing from brands. You may go into any location of the brand or visit the website and have your payment completed in a matter of seconds, thanks to this digital asset. How to buy gift cards in Nigeria is still unclear, though.

Most people mistakenly believe that gift cards from well-known retailers like Steam, iTunes, Amazon, and others can only be bought internationally. While somewhat accurate, there are other ways to buy this digital asset in Nigeria.

Gift cards are one of the most straightforward last-minute gifts and are a safe bet for everyone on your list. However, you are not required to spend that amount simply because a gift card has a specific value. Several reputable internet companies offer unwanted gift cards, both physical and Ecode cards. All you have to do is know where to look.

However, it is prudent to exercise caution when viewing this information because many unscrupulous websites tempt viewers with low-cost gift cards. Gift cards are often discounted because they symbolise money.

Where To Buy Gift Cards In Nigeria

You can buy gift cards in Nigeria via both online and offline mediums.

  • Resellers
  • Convenience stores
  • Official websites
  • Auction sites
  • Reward points


This offers considerable reductions in the price of gift cards, as they always promise. These websites enable users to trade in their unused gift cards for cash, which is then resold to customers at a lower price. Depending on the website you select and the gift cards you choose, discounts can range from 5% to order to decide which websites you should visit; let’s quickly review a few.

There are several of these websites, but the top ones we suggest checking are, Cardpool, Raise, and CardCash. Raise offers the widest selection of these discounted gift cards from hundreds of different retailers. Another website worth checking out is Gift Card Granny, which offers specific card discounts plus a rewards program with cash-back benefits for purchasing full-priced cards.

The primary attribute of these websites is the security they offer. You don’t need to worry about buying a card from an unidentified online seller because these sites have already worked with sellers. The security infrastructure on each website also takes care of your unauthorized card.

Convenience Stores

A convenience store typically stocks a range of gift cards from different merchants. A variety of gift cards from various brands are offered in convenience stores.

Official Websites

One way to buy gift cards is through the company’s official website. However, the websites of the businesses and shops that sell gift cards also allow you to purchase them.

Several well-known retailers, including Amazon, Sephora, Nordstrom, eBay, Nike, etc., provide online gift cards. These websites allow you to submit photographs to customise your gift card further. In addition, they offer reduced gift cards in Nigeria.

Auction Sites

Online markets and auction websites also sell gift cards. An auction website is like a website where gift cards may be purchased. Online marketplaces like eBay are well-known for enabling customers to sell unwanted items for a profit.

Gift cards are usually available at low, low prices, and you can also take advantage of other promotions. If you want to buy your friend a gift but lack the funds to do so, this is a great substitute.

Reward Points

You can exchange reward points for Express cards (AMEX gift concession as your points reach a certain level, you can convert them into gift cards. AMEX provides a range of gift card substitutes, including those for dining, theatres, clothing stores, etc. This rewards program is also available through American Airlines.

Best Places To Buy Gift Cards Online In Nigeria

Mintyn App

This is the mobile app of Mintyn Digital Bank, where you can buy country-specific gift cards. The countries include Nigeria, the United States, Canada, the United Kingdom, and the United Arab Emirates (UAE). In the discourse of Nigeria, some of the gift cards you can buy on Mintyn are Shoprite, Spar, Jumia, Slot, Filmhouse Cinema, Samsung, etc.

However, you can also buy popular gift cards like eBay gift cards, Amazon gift cards, Nike gift cards, Target gift cards, Uber gift cards, and Xbox gift cards,d, etc., on the platform.


SureGifts is an online site where you can buy gift cards for various Nigerian sTheseg these retailers are Samsung, Filmhouse Cinemas, SPAR, ShopRite, Justrite, Hubmart Stores, and others.

After purchasing a gift card from SureGifts, users will receive a voucher code that can be used to redeem the gift value at partner stores. Choose an item, insert your coupon code, and update your cart for online merchantspurchasingurchase in a physical store; you must present the voucher code.


On JumiaPay, you can buy gift cards from a variety of international shops. Amazon, iTunes, Google Play, Spotify, Hulu, Netflix, Tinder, eBay, Livu, and other retailers provide gift cards.

The value of JumiaPay gift cards varies per brand. Netflix, for example, gives certificates of $30 and $60, whereas eBay offers slightly fewer coupons. These gift cards can be purchased using a debit card, credit card, or bank account.


Prestmit allows customers to purchase gift cards from overseas merchants such as Amazon, Walmart, and Sephora. Based on the dollar value of the gift cards, the program charges the customer an equivalent amount in naira. Currently, any gift card may be purchased on Prestmit.

When you buy a gift card from prestmit, you will receive an email with a code. The gift card value can then be redeemed using the gift card code.

GetCards Africa

GetCards Africa allows you to buy gifts cardvariousiety of international shops online. GetCards members get access to over 3000 retailers and service providers. Uber, Nike, Google Play, Walmart, Apple, Airbnb, and Uber are among these companies.

The GetCards website is still in beta testing. You can still purchase cards to present to others or keep for yourself. These overseas gift cards can be purchased via bank transfer.


Gift cards have a segment in the Konga marketplace. Customers can purchase gift cards from companies such as PlayStation, Google Play, Steam, Apple, and others. Gift cards, like any other goods on the Konga marketplace, are sold by independent vendors.

How To Buy Gift Cards In Nigeria On Mintyn App

  1. Create a Mintyn account and log in.
  2. Click on “Gift Cards”.
  3. Enter the type of gift card you want to buy or select from the country to have your preferred gift card.
  4. Click on your gift card of choice.
  5. Enter the “Amount” of the gift card you want to buy. This rate corresponds to the local currency chosen by choice country. For instance, the US dollar is for the United States, the Nigerian naira for Nithe Nigeria, the British pound for the United Kingdom, etc.
  6. Enter the “Beneficiary Name”, “Phone Number”, and the “Beneficiary Email”.
  7. Confirm all the provided information and submit it to initiate the purchase.

Things To Consider When Buying Gift Cards In Nigeria

  1. Buy from trusted sources: buy gift cards elsewhere instead of from online auction sites, which may sell you fake or stolen cards.
  2. Understand the terms and conditions: learn if there is a price for purchasing the card or, if you purchase it over the phone or online, a fee for shipping and handling. Buy somewhere if you don’t like what you see.
  3. Ensure the gift card is valid: verify that none of the safety has been taken off. to see whether the PIN hasn’t been revealed by scratching off the codes on the card’s back. Inform the merchant of any cards that have been tampered with.
  4. Check the expiration date: gift cards must, by law, be valid for at least five years after being purchased or five years from the last time money was added to them. The funds may be moved without charge to a new card with an earlier expiration date.
  5. Redeem your card early: use your card as soon as possible; else, you risk losing it or forgetting about it.


Gift cards are a way to retain the value of money for some time, as some offer the best rates. Therefore, it is essential to understand the features of any gift card of your choice before purchasing.

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Rand Merchant Bank (RMB) works with World Bank in closing first to market MIGA guaranteed short-term sovereign loan



Rand Merchant Bank (RMB) works with World Bank in closing first to market MIGA guaranteed short-term sovereign loan

Through collaboration with MIGA and the Minister of Economy and Finance for Côte d’Ivoire, RMB facilitated a short-term loan to support crucial trade related initiatives

Rand Merchant Bank (RMB) (, a division of FirstRand Bank Limited, has achieved a significant milestone in Africa by partnering with the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank, to extend short-term funding support on a trade-backed facility for the Republic of Côte d’Ivoire.

Through collaboration with  MIGA and the Minister of Economy and Finance for Côte d’Ivoire, RMB facilitated a short-term loan to support crucial trade related initiatives.

Said Ben Bechet from RMB’s Trade and Working Capital, Structured Solutions team: “While RMB has a proud history of supporting sovereigns on the continent with their funding and capital markets requirements, this is a first of its kind facility for an African sovereign. This transaction will pave the way for further MIGA guaranteed short-term facilities across the continent to assist with developmental initiatives, critical projects and the importation of crucial goods such as food, fertilizer and medicines alongside other resources.”

Clarine Stenfert, Global Trade Finance Head and Head of UK for MIGA, said: “Through deep collaboration with RMB and MIGA, the teams were able to successfully structure and execute a process we hope to scale and introduce to other African countries. MIGA’s Trade Finance Guarantee Framework seeks to support sovereigns or sub-sovereigns across emerging markets with their trade financing requirements, alleviating the current liquidity constraints imposed by the current high inflationary environment and the retreat from markets by private sector players.”

MIGA provides political risk insurance guarantees to private sectors and investors in a broad range of sectors in developing  economies. MIGA promotes foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people’s lives. MIGA fulfills this mandate by offering political risk insurance guarantees and credit enhancement to private sector investors and lenders.

“RMB’s strategy entails forging partnerships with insurance, guarantee and export credit agency providers to extend meaningful funding support to our clients across Africa. Collaboration with development financial institutions and multilaterals remains key to truly unlocking new opportunities to support our clients, concluded Bechet.”

Distributed by APO Group on behalf of Rand Merchant Bank.

About RMB:
Rand Merchant Bank (RMB) is a leading African corporate and investment bank (CIB) and part of the largest financial services group (by market capitalisation) in Africa – FirstRand Bank Limited (which is wholly owned by FirstRand Limited). We offer our clients innovative, value-added advisory, funding, trading, corporate banking, and principal investing solutions.
With a presence in 10 African countries, we have a significant footprint on the continent. We also have access to a network of retail banks, representative offices and branches across Africa, the UK, India and the US.

At RMB we are passionate about solving problems for our clients by asking the hard questions. We challenge accepted thinking. We analyse and seek solutions beyond the obvious. We are innovative in our thinking and turn challenges into opportunities, while delivering on Traditional values. Innovative ideas. Our ability to think differently, our collaborative spirit, our client-centric solutions and our belief that great minds don’t always have to think alike, is what sets us apart.

For more information visit:

About MIGA:
MIGA was created in 1988 as a member of the World Bank to promote foreign direct investment in emerging economies by helping to mitigate the risks of restrictions on currency conversion and transfer, breach of contract by governments, expropriation, and war and civil disturbance; and offering credit enhancement to private investors and lenders. Since its creation, MIGA has issued over $76 billion in guarantees across 123 developing countries, supporting more than 1,000 projects. Over the past decade, MIGA’s guarantees have generated more than 156,000 jobs in developing countries.

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Equatorial Guinea and Ghana Accede to the Establishment Agreement for Afreximbank’s Fund for Export Development in Africa (FEDA)



The Fund for Export Development in Africa (FEDA), the development impact-focused subsidiary of the African Export-Import Bank (Afreximbank) (, has announced that the Republic of Equatorial Guinea and the Republic of Ghana have recently signed the FEDA Establishment Agreement.

This important milestone is the result of several months of cooperation between Afreximbank, FEDA and government officials in Equatorial Guinea and Ghana.

As Afreximbank member states, Equatorial Guinea and Ghana have taken another step towards closer collaborations with FEDA by signing the FEDA Establishment Agreement. This milestone marks the countries’ support for Afreximbank’s efforts to extend FEDA’s impact investing objectives across the continent.

New memberships are crucial to broaden the scope of FEDA’s interventions and its mission of delivering long-term capital to African economies with a focus on industrialization, intra-African trade and value-added exports.

Professor Benedict Oramah, President of Afreximbank and Chairman of the Boards of both Afreximbank and FEDA, said: “We heartily welcome the signing of the FEDA Establishment Agreement by the Republic of Equatorial Guinea and the Republic of Ghana. The signing of the FEDA Establishment Agreement lays the groundwork for an enhanced and more effective cooperation with better access to the full range of interventions offered by Afreximbank and FEDA. This milestone builds on the solid partnership already established with both Equatorial Guinea and Ghana. The aim is to support transformative investments in these countries in the near future.”

About FEDA:
The Fund for Export Development in Africa (“FEDA”) is the impact investment subsidiary of Afreximbank set up to provide equity, quasi-equity, and debt capital to finance the multi-billion-dollar funding gap (particularly in equity) needed to transform the Trade sector in Africa. FEDA pursues a multi-sector investment strategy along the intra-African trade, value-added export development, and manufacturing value chain which includes financial services, technology, consumer and retail goods, manufacturing, transport & logistics, agribusiness, as well as ancillary trade enabling infrastructure such as industrial parks.

About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries to effectively participate in the AfCFTA. At the end of September 2023, Afreximbank’s total assets and guarantees stood at over US$33.4 billion, and its shareholder funds amounted to US$5.8 billion. The Bank disbursed more than US$104 billion between 2016 and 2023. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure, (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

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Financial Analysis: A Comprehensive Study of The Well-Being of A Country 




Financial Analysis: A Comprehensive Study of The Well-Being of A Country

Understanding the financial stability of a country requires a thorough understanding of financial analysis. In order to offer insights into the overall financial stability and overall wellness of the country, it entails evaluating a range of economic indicators, financial performance, and market movements.

In this article, we will delve into the fundamentals and importance of financial analysis in evaluating a country’s economic situation.


Ancient Beginnings:

The roots of financial analysis can be traced back thousands of years. The ancient Mesopotamians, Egyptians, and Greeks were among the pioneers of documenting financial transactions, creating basic records of assets and liabilities. These early attempts laid the groundwork for the concept of financial analysis through the study of financial statements and ledgers.

Medieval Europe:

During the Middle Ages, Europe witnessed the rise of merchant guilds and the emergence of double-entry bookkeeping. Italian mathematician and Franciscan friar, Luca Pacioli, is often credited with formalizing double-entry bookkeeping, publishing his seminal work “Summa de arithmetica, geometria, proportioni et proportionalita” in 1494. The concept of balancing debits and credits within financial records formed the basis for modern financial analysis techniques.

Industrial Revolution:

The Industrial Revolution in the 18th and 19th centuries revolutionized business and the need for financial analysis grew rapidly. As companies expanded and diversified, investors began demanding more comprehensive financial reports to assess the potential risks and returns of their investments. The birth of limited liability companies further accelerated the need for financial analysis, as shareholders sought transparency in the performance of their investments.

Modern Era:

The 20th century witnessed significant advancements in financial analysis techniques. The advent of electronic computing in the mid-1900s enabled the processing and analysis of vast amounts of financial data, leading to the development of sophisticated financial models and ratios.

The Great Depression of the 1930s laid the groundwork for modern financial analysis as regulators sought effective ways to prevent future economic crises. The establishment of the U.S. Securities and Exchange Commission (SEC) in 1934 brought about standardized reporting requirements, including the filing of audited financial statements. This increased transparency and standardized financial reporting provided analysts with a more accurate and consistent basis for their analysis.

The Rise of Quantitative Analysis:

In the latter half of the 20th century, the growth of computing power and the availability of large data sets propelled financial analysis into new territory. Quantitative analysis, utilizing statistical models and mathematical algorithms, started gaining prominence. Financial analysts began incorporating complex mathematical methods to assess investment opportunities, risk management, and portfolio optimization.

Modern Financial Tools:

With the advent of the internet and the digital age, financial analysis has become even more accessible and data-driven. Sophisticated software programs, data analytics tools, and artificial intelligence have revolutionized the way financial data is analyzed and interpreted. In recent years, technologies like machine learning have been leveraged to develop predictive models that can assess future trends and make accurate financial forecasts.


Financial analysis is the process of evaluating businesses, projects, budgets, and other finance-related transactions to determine their performance and suitability. Typically, financial analysis is used to analyze whether an entity is stable, solvent, liquid, or profitable enough to warrant a monetary investment.

Financial analysis is a fundamental tool that allows organizations and individuals to assess the past, present, and future financial health of a business or investment. Through a systematic examination and interpretation of financial statements, ratios, and other key indicators, financial analysis helps in making informed decisions, optimizing resources, and improving overall financial performance. In this article, we will delve into the meaning of financial analysis, its prominent components, and its significance across various sectors.

Financial analysis involves scrutinizing financial data to evaluate the performance and profitability of an entity. It assists in quantifying the effectiveness of financial decisions, identifying trends, predicting future outcomes, and benchmarking against industry standards. By analyzing financial statements, investors, analysts, and other stakeholders gain valuable insights into the financial position, liquidity, solvency, and operational efficiency of an organization.


  1. Gross Domestic Product (GDP): GDP is a primary indicator used to gauge the economic performance of a nation. Financial analysts analyze GDP growth rates and its components, such as consumer spending, government expenditure, investments, and net exports. This analysis helps in determining the overall strength of the economy and identifying areas of potential growth.
  2. Trade and Balance of Payments: Trade analysis focuses on a country’s imports, exports, and balance of payments. Evaluating trade patterns helps identify sectors driving the country’s economic growth, trade imbalances, and potential risks to the economy from external factors such as changes in global demand or disruptions in supply chains.
  3. Inflation and Interest Rates: Analyzing inflation rates and interest rates provides insights into the stability of a country’s economy. High inflation erodes purchasing power, while high-interest rates can impact borrowing costs, affect consumer spending, and investment behavior. Financial analysts assess the impact of inflation and interest rates on an economy’s overall competitiveness and economic growth potential.
  4. Government Debt and Fiscal Policy: Analyzing a country’s government debt levels and fiscal policy is crucial in understanding its financial sustainability. A high level of government debt may lead to increased borrowing costs, reduced investor confidence, and potential risks to economic stability. Evaluating fiscal policies helps determine whether a country is managing its finances effectively and implementing sustainable economic growth strategies.
  5. Stock Market Performance: The stock market reflects investor sentiment and provides valuable insights into a country’s economic outlook. Analysts evaluate key stock market indices, such as the country’s primary exchange, sector-specific indices, and market capitalization trends. Monitoring stock market performance allows for an understanding of investor confidence, economic growth expectations, and potential risks to the financial system.
  6. Banking Sector and Financial Institutions: A robust banking sector is essential for economic stability. Financial analysts assess the health of the banking system by evaluating indicators such as non-performing loans, capital adequacy ratios, and the overall stability and soundness of financial institutions. Understanding the well-being of financial institutions helps gauge the potential risks to the overall economy, including credit availability, liquidity, and financial contagion.
  7. Regulatory Environment and Governance: The regulatory environment and governance play a critical role in attracting investment and fostering economic growth. Financial analysts assess the effectiveness of regulatory frameworks, transparency in financial transactions, and the overall credibility and efficiency of institutions responsible for enforcing regulations. Evaluating the regulatory environment aids in understanding potential risks and opportunities for sustainable economic development.


Financial analysis plays a vital role across various sectors, serving the following purposes:

  1. Evaluating Financial Performance: By conducting a comprehensive financial analysis, companies can assess their performance, profitability, and financial stability. This, in turn, helps in identifying areas for improvement, developing strategic plans, and making sound financial decisions.
  2. Assessing Investment Viability: Investors rely on financial analysis to evaluate the profitability and risks associated with potential investments. Through detailed scrutiny of financial data, investors can determine the financial health and growth prospects of a company, aiding in making informed investment decisions.
  3. Facilitating Lending Decisions: Financial institutions utilize financial analysis to assess the creditworthiness of loan applicants. By analyzing financial statements, evaluating ratios, and assessing the risk profile, lenders can ascertain the borrower’s ability to repay loans and make sound lending decisions.
  4. Supporting Strategic Decision-Making: Financial analysis aids in strategic decision-making, such as expansion, diversification, or mergers and acquisitions. Understanding a company’s financial position and performance provides a foundation for evaluating the feasibility and potential outcomes of such decisions.


Conducting a comprehensive financial analysis provides valuable insights into the economic landscape of a country. By evaluating indicators such as GDP, trade patterns, inflation rates, government debt, stock market performance, banking sector health, and regulatory environment, financial analysts can gauge the overall financial health, identify potential risks, and recommend strategies for sustainable economic growth. Accurate and timely financial analysis acts as a compass, guiding policymakers, investors, and businesses to make informed decisions and contribute to the overall prosperity of the nation.

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