usinessday market monitor Bitcoin Everdon Bureau De Change Commodities Brent Oil $69.94 Cocoa US $2,555.00 NSE Biggest Gainer Biggest Loser Nestle Wapco N1380 2.96pc N45.3 -2.37pc 41,504.51 2,446,559.01 +0.96pc Powered by $-N £-N €-N BUY SELL 360.00 363.00 502.00 511.00 437.00 447.00 FOREIGN EXCHANGE TREASURY BILLS Market Spot $/N 3M 6M I&E FX Window 360.20 -0.01 -0.47 CBN Official Rate 305.65 14.64 14.83 FMDQ Close 5 Years 0.03% 13.62% FGN BONDS 10 Years -0.03% 13.75% 20 Years 0.17% 13.54% NEWS YOU CAN TRUST I **TUESDAY 03 APRIL 2018 I VOL. 15, NO 24 I N300 @ g Nigeria’s game designers fight for their cut on mobile RACHEL SAVAGE, FT Travelling across Lagos is like tackling an obstacle course, one packed with corrupt police officers, gaping potholes and badly driven, banana-yellow “danfo” buses — not to mention the traffic jams that appear from nowhere in the middle of the day. So it comes as little surprise that there are now video games imitating life in Nigeria’s sweltering mega city. In Gidi Run, moustachioed traffic cop Musa sticks out his hand for a 20 naira ($0.06) bribe. A danfo bus crashes through the roadblock and there is an ensuing chase through the crowded streets of Lagos. The Android mobile phone game belongs to the “endless runner” genre made globally popular by US game Temple Run, where the character keeps sprinting until he or she fails to turn a corner or clear an obstacle. Gamsole, the creator of Gidi Continues on page 38 Inside You are running a failed government, Obasanjo tells Buhari Again, former President Olusegun Obasanjo on Monday criticised and lambasted the All Progressives Congress (APC) Nigerian Stock Exchange taps EFCC for Milost investigation The market regulations unit of the Nigerian Stock Exchange (NSE) is putting finishing touches to an on-going investigation that would see anti-graft agency, the Economic and Financial Crimes Commission (EFCC), go after Milost Global, Inc and other market operators found guilty of any wrongdoing or aiding an alleged share pump and dump activity and Federal Government being led by President Muhammadu Buhari for bringing hardship on Nigerians and running ineffective economic policies which has crippled businesses, causing economic woes in the country. He categorically tagged the As parties issue conflicting statements Milost NY address is Business Centre in Nigeria. A pump and dump scheme is the fraudulent practice of encouraging investors to buy shares in a company in order to inflate the price artificially, and then sell one’s own shares while the price is high. BusinessDay learnt that the All Progressives Congress and Buhari-led Federal Government a failure and warned Nigerians not to re-elect a failed government that always gives one excuse or another for its failure to meet up with Nigerians’ expectations, saying it will be Nigerian Stock Exchange (NSE) has commenced an investigation into Milost following confusing statements issued by parties at the centre of the announced transactions. Informed sources told BusinessDay that NSE forced Unity Bank to make a statement last ... says President’s incompetence responsible for economic woes ... Senate moves against Buhari veto with 41 amendments to Electoral Act RAZAQ AYINLA, Abeokuta & OWEDE AGBAJILEKE, Abuja Winnie Mandela, South African freedom icon, dies at 81 P. 4 IHEANYI NWACHUKWU & LOLADE AKINMURELE foolhardy to reinforce failure by re-electing the All Progressives Congress and President Buhari in 2019. It will be recalled that the new outburst from Obasanjo is com- Continues on page 38 Thursday where the latter said that contrary to claims made by Milost, it did not lie on the facts presented to the investing public over a purported $1 billion financing deal. While the coast is yet to be cleared for Unity Bank, the Ni- Continues on page 4 L-R: Mobola Johnson, former minister of information and communication technology (ICT); Lynda Saint-Nwafor, chief enterprise business officer (CEBO), MTN Enterprise Business Unit; Onyinye Ikenna-Emeka, general manager, marketing, enterprise business unit, MTN, and Elochukwu Umeh, CEO, Terragon Group, at a stakeholder gathering for the enhanced version of MTN Mobile advertising in Lagos.