The wailing wailers say President Muhammadu Buhari is not attracting foreign investors, but Gameloft SE, one of the biggest and largest digital video game developers and publishers in the world has just opened a new office in Nigeria!

"The opening of a new trade office in Africa will allow us to take advantage of the considerable potential of a market that already includes more than 367 million users," noted Vincent Brezillon, Gameloft's Sales Director Africa. "The success that we've experienced since the opening of our Johannesburg office, and surging sales in Africa over the last two years, completely justify the opening of a subsidiary in Nigeria, which is Africa's strongest economy. In addition, this presence will facilitate interactions with our current and future local partners."

Gameloft already works with a number of prestigious African mobile operators, such as MTN, Orange, Vodafone, Safaricom, Ooredoo, and Etisalat, which allows the company to currently enjoy a presence in most countries in Africa (South Africa, Nigeria, Egypt, Ghana, Côte d'Ivoire, Morocco, Algeria, etc.). New key distribution partnerships will follow shortly, which will extend Gameloft's reach to other African countries such as Ethiopia and Tanzania. - See more at: http://www.nigeriansreport.com/2016/01/gameloft-opens-new-office-in-nigeria-to.html#sthash.ppkAPClL.dpuf

And give you jobs in the rural areas while ruining your youths abi?

I blame biafrans for every problem Nigeria is in,, I love the Igbos 10000% I just don't like ipob zombies

Kingsolex1:
I blame biafrans for every problem Nigeria is in,, I love the Igbos 10000% I just don't like ipob zombies

You can't divide us. But keep trying.

biafranbaby:


You can't divide us. But keep trying.

he's saying the truth. Ipob are miscreants in igbo land just as bokoboys are miscreants in hausa land

lofty900:
he's saying the truth. Ipob are miscreants in igbo land just as bokoboys are miscreants in hausa land

That personality is busy in a palm oil farm.... Can't comprehend your statement

Op get serious Gameloft renting office in LAGOS is no FDI

Kingsolex1:
I blame biafrans for every problem Nigeria is in,, I love the Igbos 10000% I just don't like ipob zombies

Its the biafrans that caused your problems and yet you want to hold on to them?

You dont make sense.

Listen to Mujahid Asari Dokubo talk on Biafra

https://www.facebook.com/valentineeze007/videos/917592494976096/

[size=18pt]Nigeria, which is Africa's strongest economy - Vincent Brezillon, Gameloft's Sales Director Africa.[/size]

[size=18pt]Gameloft is owned by Ubisoft Entertainment S.A..
Stock price: UBI (EPA) €24.06 +0.60 (+2.56%)[/size]

lofty900:
he's saying the truth. Ipob are miscreants in igbo land just as bokoboys are miscreants in hausa land

Ipob say we want to go free.

Mind you Ipob is not made up of ibo people only.

We the south-south stand with them .

The Yoruba's say Lagos belong to them but at the same time all oil in our land belongs to everybody.

uselessgoat:
[size=14pt] It(Lagos) belong to we yorubas only.[/size]

searchiing4love:
WE ALL OWN THE OIL AS LONG AS WE REMAIN ONE NIGERIA. WE PEOPLE OF THE SOUTHWEST HAVE ONCE FED THE WHOLE COUNTRY WITH OUR COCOA PLANTATIONS AND WE NEVER FORMED ARMED MILITANTS. I URGE THE GOVERNMENT TO BOMBARD THE CREEKS AND ELIMINATE THOSE MISCREANTS CALLED MILITANTS AND CANCEL THE USELESS AMNESTY. MOST OF THE STATES CANT PAY SALARIES AND A NONENTITY CALLED TOMPOLO EMBEZZLED 13BILLION NAIRA IN LAND SCAM? NEVER AGAIN SHALL WE HAVE A CLUELESS PRESIDIOT LIKE GEJ

Well better listen to Dokubo talk for yourself

https://www.facebook.com/valentineeze007/videos/917592494976096/

Not only is b00hari not attracting foreign investors.

The ones here already are fleeing.

Foreign investors fleeing Nigeria as oil prices plunge are leaving stocks undervalued in Africa’s biggest economy, the bourse’s chief executive officer, Mr. Oscar Onyema has said.

The benchmark index’s 18 per cent decline this year isn’t justified by economic changes and as a result Nigerian equities are “effectively on sale,” Oscar Onyema said in an interview with Bloomberg in Diani, Kenya.
“The fundamentals demand higher valuations.”

Nigerian stocks dropped as crude slid into a bear market and the central bank eroded reserves to support the currency, which fell to a record low this month.
Nigeria is Africa’s biggest oil producer, and its $520 billion economy is forecast to grow 6.5 per cent this year and next, according to a Bloomberg survey of economists.
“The local institutional investors are net buyers at the moment,” Onyema said, adding that “they are buying and their way of looking at it is that the prices we’re seeing today are not justified by the fundamentals.”
The Nigeria Stock Exchange (NSE) All Share Index closed at 34,111.85 basis points yesterday, while the NSE market capitalisation closed at N11.263 trillion. In addition, as 19 shares increased, six fell and 170 were unchanged.
PZ Cussons Nigeria Plc, a soap maker, was the bigger gainer, climbing 4.9 percent.

[url]naija247news.com/2014/11/foreign-investors-fleeing-nigeria-leaving-stocks-undervalued-onyema/[/url]

Nija economy was the admired worldwide before b00hari got in.

Now the budget is a joke.

B00hari is looking for oil in the north was oil prices are rock bottoming.

B00hari is a a bad news for Nigerians as we can all see.

What's this op saying sef? What gibberish

if I talk now MYND44 will come with his wahala again so I'll just keep the proper description of the op's reasoning ability to myself. Mind you in 20 days of 2016, Nigeria's stock exchange lost more than 2015 altogether. I can't celebrate Gameloft since they won't have a massive impact on the labor market same way I won't celebrate the manufacturing of pencils that this govt wants us to celebrate. If Innoson can be allowed to sack 50% of its workforce due to the ineptitude of this administration then I wonder which enterprise is safe.

GOD BLESS NIGERIA

ARGUE WITH YOUR ANCESTORS

chiedu7:
Not only is b00hari not attracting foreign investors.

The ones here already are fleeing.



[url]naija247news.com/2014/11/foreign-investors-fleeing-nigeria-leaving-stocks-undervalued-onyema/[/url]

Nija economy was the admired worldwide before b00hari got in.

Now the budget is a joke.

B00hari is looking for oil in the north was oil prices are rock bottoming.

B00hari is a a bad news for Nigerians as we can all see.

You know too much

Please tell me about the budget

What was the bench mark for the 2015 budget how much of is was implemented
What of the 2014 and 2013 and 2012 and 2011 how much was implemented

The budget has not been passed but you call it a joke, coming from people that could not achive 50percent budget implementation in 5 years.

Criticism is ok but not from daft people like you

idupaul:
Op get serious Gameloft renting office in LAGOS is no FDI

. They are employing and investing.

inlandtaipan:
What's this op saying sef? What gibberish

. Read what Gameloft said.

[quote author=Qualer post=42214051][/quote]. The post is not for small boys. Netflix landed this month and now Gameloft. If you don't know the worth of the entertainment industry, please don't comment.

Gameloft: Full-year Sales Reach €256.2 Million, Up 13% YoY

PARIS, January 28, 2016 /PRNewswire/ --

Gameloft, a leading digital and social game developer, releases its sales figures for the twelve months ended December 31, 2015.

"The company's growth momentum has remained satisfying during the fourth quarter of 2015. Sustained by the good performance of our game services and the regular releases of new titles, Gameloft's annual sales figures have climbed 13% in 2015. It's a solid performance that highlights the excellent work of our teams and the quality of our franchises in a maturing and highly competitive environment," states Michel Guillemot, CEO of Gameloft. "We are also maintaining a steady pace in the diversification of the company's revenue demonstrated by the opening of a distribution subsidiary in Nigeria, the rapid development of our advertising agency Gameloft Advertising Solutions and the partnerships signed with AppNexus and SpotX in the field of programmatics. Gameloft has a massive audience, strong brands, solid recurring revenues, growth opportunities ahead and a healthy financial situation. We therefore continue to look to the future with confidence," concludes Michel Guillemot.

Selected Financial Highlights and Metrics

Sales reached €256.2 million 2015, up 13% year on year, and up 6% on a constant-exchange-rate basis.
EMEA accounted for 30% of sales for 2015; North America, 25%; APAC, 30%; and LATAM, 15%.
Fourth-quarter sales reached €65.4 million, up 9% year on year, and up 5% on a constant-exchange-rate basis.
Monthly active users averaged 147 million for the fourth quarter of 2015.
Daily active users averaged 19 million for the fourth quarter of 2015.

Selected Product Highlights

In 2015, Gameloft was ranked the #2 game developer in the world on iOS and Google Play by the combined number of games downloaded, according to the rankings from App Annie.
Gameloft's own franchises and brands accounted for almost two thirds of full-year sales.
Gameloft released 16 new titles in 2015: Dragon Mania Legends®, Puzzle Pets, Immortal Odyssey™, Age of Sparta™, Dungeon Hunter 5, Battle Odyssey™, Ice Age® Avalanche, Magna Memoria®, Siegefall®, March of Empires™, Order & Chaos 2: Redemption™, CSI: Slots™, TRIVIAL PURSUIT & Friends®, Country Friends, Sniper Fury™ and Gods of Rome®.
Dragon Mania Legends, Dungeon Hunter 5, Gods of Rome, March of Empires, Sniper Fury and Order & Chaos 2: Redemption currently rank among the company's ten best-selling titles.
Gameloft Advertising Solutions has recently concluded nine partnership agreements with programmatic platforms enabling the company to multiply its access to advertising trading desks.
Gameloft Advertising Solutions successfully released over 800 advertising campaigns since its creation.

Financial and Business Outlook

Gameloft continued its ambitious cost optimization plan initiated in December 2014. All in all, the company closed 10 development studios from December 2014 to the end of January 2016, generating annualized gross savings of around €35.0M and enabling the worldwide workforce to decrease by more than 10%. These restructuring efforts benefited Gameloft's second-half current operating margins and should allow margins to bounce back significantly in 2016.

The company aims to accelerate the transition from the current business model to a model combining free-to-play and advertising. To do so, Gameloft has created an internal advertising agency and is connecting its inventory programmatically to the trading desks of major agencies and brands as highlighted by the partnerships signed with AppNexus and SpotX.

The Group's 2015 annual results will be published on March 21, 2016, after the market closes.

About Gameloft

A leading publisher of digital and social games, Gameloft® has established itself as one of the top innovators in its field since 2000. Gameloft creates games for all digital platforms and with an audience of 173 million monthly users offers via Gameloft Advertising Solutions a unique level of visibility and involvement to advertisers. Gameloft operates its own established franchises such as Asphalt®, Order & Chaos, Modern Combat and Dungeon Hunter and also partners with major rights holders including Universal, Illumination Entertainment, Disney®, Marvel®, Hasbro®, Fox Digital Entertainment, Mattel® and Ferrari®. Gameloft is present on all continents, distributes its games in over 100 countries and employs 5,000 developers.

Gameloft is listed on NYSE Euronext Paris (NYSE Euronext: GFT.PA, Bloomberg: GFT FP, Reuters: GLFT.PA). Gameloft's sponsored Level 1 ADR (ticker: GLOFY) is traded OTC in the US.

For more information, consult http://www.gameloft.com

SOURCE Gameloft

CONTACT: Laure d’Hauteville, Deputy CFO, Email: Laure.dHauteville@gameloft.com, +33-1-58-16-20-40