Tag: predicts

  • Garba Lawal predicts  tough Afcon 2017 qualifiers

    Garba Lawal predicts tough Afcon 2017 qualifiers

    Former Super Eagles midfielder Garba Lawal sees a tough qualifying campaign for Nigeria after the former African champions were grouped with seven-time champions, Egypt as well as Tanzania and Chad in qualifying group G.

    Nigeria failed to qualify for the last edition in Equatorial Guinea, making it the second failure in three attempts, and Lawal, who represented Nigeria at several Africa Cup of Nations (AFCON) tournaments, says it will be another tough task.

    “We have a tough group,” he said. “It will be tough because we have Egypt in there and we cannot underestimate Chad and Tanzania.

    “As we have seen in the last three qualifiers where we had supposedly weak opponents, we still failed to qualify on two of those occasions.

    “Egypt obviously will be the toughest opponents and having failed to qualify for recent editions, they will be hoping to return to the competition”

    “And of course we cannot write off Tanzania and Chad. They may not be the biggest forces, but we have to respect them.”

    The former Roda of Holland midfielder also added that Nigeria can qualify, but says a coach must be appointed now.

    “Yes we can qualify. But we need to get a coach now. No more time wasting, we need a coach now. But I believe we can qualify.”

  • Baba Ganaru predicts  tough match

    Baba Ganaru predicts tough match

    Nasarawa United FC head coach, Mohammed Baba Ganaru has tagged their Sunday’s NPFL Match Day 3 encounter with Heartland in Owerri as tough but that the Solid Miners still have what it takes to pick points at the Dan Anyiam Stadium.

    The Lafia side played a goalless draw on the same turf last season and Baba Ganaru has exuded same confidence that his team would get something out of the tie again this season.

    “We know the match will be very difficult and that Heartland will be bouyed by their away win over 3SC but we will put them where they belong on Sunday. We know they are a good team now but we won’t let that bother us at all as we work on our own formation and strategy,” Baba Ganaru told SportingLife.

    Nasarawa United have three points from two games after they secured their first home win of the season against Wikki Tourists last weekend.

  • Emery predicts difficult tie

    Sevilla boss Unai Emery has admitted that his side will  need to be at their best to overcome Borussia  Monchengladbach in the last-32 stage of the Europa League.

    The two sides meet in the first leg today and Emery has claimed that neither will enter the clash as favourites.

    “It’s an important tie. They’re third in the Bundesliga at the moment, it’s difficult to say who’s the favourite. We have our recent history and are currently fifth in the league with 45 points,” Emery told reporters.

    “It’s a major challenge – I wouldn’t like to call the favourite.”

    Sevilla are the current holders of the Europa League having overcome Benfica in last season’s final.

  • AAG qualifier: Gero predicts tough game against Gabon

    AAG qualifier: Gero predicts tough game against Gabon

    Alhaji Gero enjoyed an outstanding breakthrough season in Europe during the 2014 campaign, scoring nine goals in all competitions, which did not prevent Oster from losing their Superettan status nonetheless.

    Nigeria Under-23 national team coach, Samson Siasia, has taken note of the striker’s achievement, and invited him to the Dream Team ahead of the All Africa Games qualifying fixture against Gabon next weekend.

    ”It is going to be a tough game against Gabon, but we have the quality to at least pick a draw from that game,” said Gero to SL10.ng.

    ”I am looking forward to the prospect of playing alongside Arsenal’s Alex Iwobi. Of course, it’s going to be good. ”

    Gero was not among the players that trained with the Dream Team back in December, and has admitted that  he was pleasantly surprised to be make the squad list against Gabon.

    ”Of course, I’m surprised to make the team but at the same time I’m looking for the opportunity to come and play for my country.

    ” I didn’t have any contact with anyone (Siasia or the FA) before this,” the Viborg striker added.

    Gero is described as an old – school Nigerian forward, who can play several offensive roles.

    All things being equal, the 21-year-old will start training with the Olympic Team in the next 48 hours, as he is expected to arrive Nigeria from Sweden tonight.

  • Nwosu predicts tough CAN for Eaglets

    Nwosu predicts tough CAN for Eaglets

    Former Golden Eaglets head coach, Henry Nwosu has said there are no easy opponents at the 2015 African Under-17 championship holding in Niger Republic from February 15-March 01.

    The reigning world champions were pitched together with the hosts, Niger, Guinea and Zambia in Group A of the cadet championship considered by bookmakers as relatively cheap.

    Nwosu said it will amount to self deception for anybody to expect cheap challenges as the eight qualifiers are already winners in their own right.

    “Once you qualify for the final of a major championship it makes you a potential winner so I expect stiff challenge from group opponents, even beyond the group as well.

    “However, I’m confident Eaglets will qualify from their group as they’re already used to the terrain.

    “As much as I believe that Eaglets have what it takes to emerge African cadet champions as well as head to the world stage to recreate what their immediate past predecessors did at the FIFA Under-17 World Cup in the United Arab Emirates (UAE), I don’t expect their opponents to just lay back without any challenge.

    “They must avoid complacency to realise their lofty dream at the championships in Niger,” said the former Nigerian winger and head coach of the Nigeria National League (NNL) side, Gateway United to supersport.com.

    The championship which doubles as qualifiers for the 2015 FIFA Under-17 World Cup in Chile will see the semifinalists book their passage to the biennial global football showpiece.

  • Learn Africa predicts better performance

    As  shareholders meet in Abeokuta today for the annual general meeting, the management of Learn Africa Plc has assured that recent restructuring and repositioning of the company’s business would lead to better performance and improved returns in the years ahead.

    Speaking at the pre-annual general meeting briefing in Lagos, managing director, Learn Africa Plc, Mr. Olusegun Oladipo, said the company has restructured its entire business activities in a way that would add consistent value to shareholders’ returns.

    According to him, while the divestment of its majority shareholder and the insurgence in the Northern region had impacted negatively on the company’s bottom-line in recent period, a thorough repositioning o the company’s business has started generating returns and showing good prospects for improved profit.

    He assured shareholders that there would be improved performance and enhanced profitability in the next financial year.

    He added that the company has completely restructured the contents and aesthetics of the books in order to make them the preferred choice in the industry.

    “There is light at the end of the tunnel. We successfully introduced new titles as replacement of Pearson titles and we have carried out thorough revision of our titles to align it to the new curriculum to enhance market acceptance. Our inventory has also improved to service bulk orders,” Oladipo said.

    According to him, the company has increased its sales team from 61 to 137 persons in order to consolidate its market position and grow its sales across the titles.

    He said the company would continue to raise the bar in book publishing while generating optimal returns to shareholders.

    “Within one year, we have established our titles and have promoted them vigourously. Many schools and educational bodies have adopted these books. W e will achieve higher sales and profitability this year,” Oladipo said.

  • FBN Capital predicts positive outlook for equities in 2014

    Nigerian equities will witness modest positive outlook in 2014 as significant bullish rally yesterday added N179 billion in capital gains to market capitalisation of quoted equities and pushed the average year-to-date return at the Nigerian Stock Exchange (NSE) to 38.24 per cent.

    Analysts at FBN capital said they expected a modest multiple expansion in equities in 2014 with more impressive opportunities in sectors that had trailed below market average this year.

    Speaking at the second day of the FBN Capital’s Investor Conference in Lagos, Head, Equity Research, FBN Capital, Olubunmi Asaolu, said there could be “modest multiple expansion” in equities in 2014.

    According to him, there are attractive buy opportunities in the banking and industrial goods subsectors that could support the modest positive market outlook in 2014.

    He however noted that given the significant gain in the equity market in recent period, the risk-reward appears slightly more favourable in fixed income instruments than equities.

    He pointed out that consumer goods stocks, which had recorded above-average gains and were major market drivers, now look less attractive because they are within their ceiling range.

    Previewing the macro economy, Head, Macroeconomic and Fixed income Research, FBN Capital, Gregory Kronsten, said that Central Bank of Nigeria (CBN)’s cautious and tight monetary stance since 2010 will likely run through 2014.

    According to him, the outlook on real growth of the nation’s economy is expected to rise to 6.8 per cent from an expected 6.7 per cent at 2013 year end, compared with 6.6 per cent at year end 2012. Inflation is also predicted to rise to 8.0 per cent by the end of 2014, from an estimated 7.7 by the end of 2013. Inflation had closed 2012 at 12.0 per cent.

    “We see stability for the naira, a tight monetary stance and single digit inflation in the forecast period. The authorities believe firmly in offering positive returns in real terms. The main risk to this picture is not tapering, but a sharp fall in oil revenues. Our oil price projections however suggest that Nigeria will escape this fate,” Kronsten said.

    Aggregate market value of all quoted equities rose by N179 billion to close yesterday at N12.41 trillion as against its opening value of N12.236 trillion. Reflecting the significant bullish rally, the main index at the NSE, the All Share Index (ASI), rose by 1.46 per cent from 38,255.86 points to 38,815.64 points. The positive market situation pushed the year-to-date return at the stock market to 38.24 per cent.

    With nearly two advancers to every decliner and above-average turnover of 329 million shares, the market was overtly bullish as investors continued to hunt for values in the conglomerates, breweries, oil and gas and banking subsectors.

    Guinness Nigeria topped the 40-stock gainers’ list with a gain of N6.93 to close at N241.98. Total Nigeria trailed with a gain of N5.85 to close at N167.85. Dangote Cement followed with a gain of N5 to close at N195. Nigerian Breweries rose by N2.87 to close at N170. Cadbury Nigeria gathered N1.70 to close at N58.50. UAC of Nigeria added N1.69 to close at N66.69 while Oando gained N1.44 to close at N15.56 per share.

    On the downside, Forte Oil led 20 other stocks on the losers’ list with a drop of N5.78 to close at N109.86. PZ Cussons Nigeria lost 50 kobo to close at N37 while Mobil Oil Nigeria slipped by 45 kobo to N115.55 per share.

    Total turnover stood at N329 million shares valued at N3.71 billion in 4,626 deals. Transnational Corporation of Nigeria (Transcorp) remained the most active stock with a turnover of 56.51 million shares valued at N274.39 million in 334 deals. Transcorp’s share price rose by 45 kobo to N4.86 per share.

  • 2015: Jonathan predicts two party system

    2015: Jonathan predicts two party system

    In an apparent reference to the emerging All Progressives Congress (APC), President Goodluck Jonathan has predicted the evolution of a two-party system ahead of the 2015 general elections.

    Jonathan, who spoke at the National Executive Committee (NEC) meeting of the Peoples Democratic Party (PDP), said Nigerians were no longer interested in forming new parties.

    Instead, the President said political parties were merging to form a formidable opposition to the ruling PDP.

    He said the development would help in stabilising the polity.

    Jonathan said: “If you look at the evolution of political parties, it is now stable. Before, when elections are coming, you will hear about new parties being formed. At a time, the ballot paper was becoming too long and INEC was finding a way of deregistering parties.

    “Because PDP has come on very strong, no matter the criticism, they know that we are very strong and they realise that what they need to do is not forming new parties but parties coming together. So, we are helping to stabilise the polity.

    “We will encourage them to come together more. We want a situation where it is PDP versus one. In that case, the polity will be more stable. Even our members will be more loyal to the party because you will have nowhere to go.

    “All this time, immediately we disagree in PDP, somebody is picking form in one PPP, DDD party and contesting House of Assembly or House of Reps or Senate.

    “When we have only two parties, before you get there, they have already occupied that place. So, even if we disagree, we will agree at the end of the day and it will even help to build a stronger party.

    “So, Nigerians should commend PDP. If PDP were weak, people wouldn’t have gathered together. There wouldn’t have been any reason for parties to come together to fight PDP.

    “But when you have so many parties, on their own, they know they cannot face us until they come together; then you know that we are formidable.

    “And the PDP will become stronger and no matter the gang-up, I don’t see how they can uproot the PDP”.

    PDP National Chairman Bamanga Tukur lamented what he described as the underfunding of the ruling party by stakeholders, saying the situation has put the party in a dilemma.

    He pleaded for support in the party’s drive for reconciliation and reforms in order to meet the challenges ahead of the 2015 elections.

    Tukur canvassed internal democracy within the party against the current practice of imposition of candidates for the various elective positions.

    The chairman also lamented the declining image of the ruling party and called for evaluation of the impact of zoningin the party.

    “In sharp contrast to the challenging tasks ahead, I am, therefore, counting on all members to support the party in its current drive to reconcile, reform and rebuild the Nigerian society.

    “In our efforts to achieve success, we must rededicate our genuine political beliefs, change our attitudes and identify our political needs. These good values cannot be realised without accepting the supremacy of the party constitution as key instrument that ensures progress, stability and internal discipline.

    “We must strengthen our democracy through determination, not personalisation, correction, not manipulation, collectivism, not individualism and sacrifice, not disservice.

    “Ii is important to note that the party, all this while, struggles for support to effect the necessary changes that can stop cases of disrespect to party decisions, which has become a style.

    “Internal communication has considerably declined over the past years. Glaring apathy to party funding by members is rife. I hope it’s not a deliberate attempt to weaken the party leadership.”

    Tukur continued: “Open confrontation with political administration exposes outer political weaknesses. Fighting the party from within is unhealthy and dangerous for our image and aspirations.

    “Overheating the polity because of inordinate ambition contradicts our perception for democratic orderliness.”

    The meeting appointed former Information Minister, Prof. Jerry Gana, as chairman of a special convention planning committee for the July 15 mini convention.

    Governor Godswill Akpabio of Akwa Ibom State is deputy chairman. The Deputy President of the Senate, Senator Ike Ekweremadu, is secretary.

    This followed the acceptance of the resignation of 20 members of the party’s National Working Committee (NWC).

    A former Deputy Speaker of the House of Representatives, Mr. Chibudom Nwuche, emerged the Acting Deputy National chairman pending the emergence of a substantive occupant of the position at the July 15 convention.

    He replaced Dr. Sam Sam Jaja, who was forced to resign as a result of an INEC report that faulted his emergence at the 2012 convention. The report faulted the elections of all those who resigned.

    Dr. Remi Akintoye replaced Mr. Solomon Onwe as acting National Secretary. Prince Olagunsoye Oyinlola was forced out of the position earlier in the year.

    National Publicity Secretary Olisa Metuh was replaced in acting capacity by Mr. Tony Okeke.

    Most of the governors elected on the platform of the party were present at the meeting. Rivers State Governor Rotimi Amaechi, who is on suspension, was absent. The meeting was also silent on Amaechi’s fate.

    Governors Sule Lamido (Jigawa) and Ibrahim Shema (Katsina) were represented by their deputies.

    Governors Gabriel Suswam (Benue); Martin Elechi (Ebonyi), Sullivan Chime (Enugu), Murtala Nyako (Adamawa) neither attended nor sent representatives.

    The meeting passed a vote of confidence on President Goodluck Jonathan saying he had made significant progress in many sectors.

    This was sequel to a motion by former Deputy Senate President Ibrahim Mantu, which emphasised Dr. Jonathan’s “resolute and decisive” tackling of the nation’s security challenges. The motion was unanimously adopted.

  • RenCap predicts 35% RoI for equities

    Capital market investors may get 35 per cent Return on Investment (RoI) within the year, an investment and research firm, Renaissance Capital (RenCap) has said.

    In an emailed report obtained by The Nation, the firm said Nigerian banks have cheaper valuations than most lenders in sub-Saharan Africa (SSA) which face more net interest margin (NIM) pressure from falling rates.

    It explained that the 35 per cent base-case total return expectation for the Nigerian equity market over the next years, is the culmination of a seven per cent forward price earnings (PE) re-rating, an eight per cent forward dividend yield (DY) and 20 per cent expected earnings growth.

    It said the Nigerian equity market looks superior to other markets in the sub-Sahara Africa on valuation, profitability and earnings metrics. “Although the Nigerian earnings yield gap (EYG) is still favouring debt over equities at the moment, the recent sharp decline in Nigerian bond yields is becoming increasingly positive for equities. Local support for the Nigerian equity market should also be forthcoming in 2013 from the elimination of Value Added Tax and stamp duties and from Nigeria’s sovereign wealth fund (SWF),” it said.

    The research firm said there are both pull and push factors for global capital that make investment in Africa’s financial markets attractive from a risk-reward perspective. It listed the fundamental reasons for investing in Africa’s equity and debt markets as the continent’s positive structural demographic dividend; rapid urbanisation; improving political stability; commodity wealth; the broadening of its economies beyond commodities; improving regional integration; positive macroeconomic settings and the deepening of its financial markets.

    The diversification benefits of Africa’s relatively low (and often negative) correlation with developed and emerging markets (EM), the attractive relative valuations of African equities and debt, and the relatively poor implied risk-return opportunities in developed markets (DM) are also additional rationals for investing in Africa’s financial markets.

    However, it said the lack of liquidity on SSA stock exchanges is a major challenge for investors. In order to overcome the illiquidity issue of investing in Africa directly, many investors look to use South African (SA) or global multi-national companies that have exposure to African economies as investment conduits to gain exposure.

    But RenCap said this strategy has some drawbacks, arguing that direct Africa equity investment is the superior approach. “The combination of a limited investment pool and rapidly increasing global fund flows into African equity funds provides a strong positive underpin for share-price performance in Africa’s equity markets, in our view.

    “Furthermore, African policy-makers are determined to drastically improve the tradability of their equity markets. Direct SSA equity exposure also benefits from the domestic support provided by large pension funds in Nigeria and Kenya,” it said.

  • Tottenham VS CHELSEA: Mikel predicts crunchy London derby

    Tottenham VS CHELSEA: Mikel predicts crunchy London derby

    In form Super Eagles and Chelsea midfielder Mikel Obi has predicted a tough derby for Chelsea against Spurs on Saturday coming soon after the international break.

    Chelsea are top of the EPL with 19 points from seven matches, five points clear of fifth-placed Spurs. The London derby will take an extra dimension as Chelsea will be up against their former manager Andre Villas-Boas.

    Mikel, who at the weekend was was in superlative form for Nigeria against Liberia in the 2013 Afcon last game qualifying tie, said it will be a daunting task at lunch time at White Hart Lane.

    “Any game after the international break is always difficult, playing against Tottenham will always be tough, and now that they have our former manager, it may be even tougher,” Mikel told MTNFootball.com.

    “We know what we expect from them and we will neutralise them and get victory so we can remain in the top position. It is also an opportunity for us to widen the gap at the top, and I know we can do it.” Andre Villas-Boas will face his former employers for the first time since he was dismissed in March and he will also square up against his assistant while he was in charge of ‘The Blues’, Roberto Di Matteo.

    Chelsea do not have the best of records following internationals and have only won three of their last seven matches after such a break, with their most recent result being a goalless draw with Queens Park Rangers at Loftus Road earlier this season.