Archive for nigeriang

Kenyan shilling holds steady against dollar

Kenyan shilling holds steady against dollar

The Kenyan
shilling held steady against the dollar in a slow market on Tuesday and
traders said they expected a firm underlying bid to continue, while
shares on the Nairobi Stock Exchange were mixed.

Commercial banks quoted the shilling at 80.60/70 to the dollar, against 80.55/65 at Friday’s close.

Although the
government declared Monday to be a working day, banking holidays
elsewhere meant only a handful of trades were made on the foreign
exchange market.

“There’s nothing.
Even on the interbank (market), I can see nothing happening. It’s only
a few customers here and there,” said Steve Lagat, a trader at CFC
Stanbic Bank.

“I think for the
next few days before the year ends, we will be trading in a narrow
range.” Traders said the shilling could strengthen slightly in the next
few days, but that it is likely to trade within a range of 80.30-80.80.

“We have seen some
dollar weakness globally that should have helped the shilling to
strengthen slightly. We are not seeing that happening here at the
moment, but I think going forward during the day and maybe tomorrow, we
could see some shilling strength,” said Andlip Mohamed, senior trader
at I&M Bank.

“I think … international market players are just squaring their positions before the end of the year.”

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Rand hits new high against dollar

Rand hits new high against dollar

South Africa’s rand
advanced to a new three year high against a broadly weaker dollar on
Tuesday and was also boosted by higher metal prices.

The rand was
trading at 6.6750 against the dollar at 10:10 GMT, one percent firmer
than Monday’s New York close of 6.7415. It touched 6.6725, its
strongest since Dec 2007.

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Egypt re-opens 4b pounds of bonds

Egypt re-opens 4b pounds of bonds

Egypt’s finance
ministry will offer three-year, five-year and 10-year bonds worth 4
billion Egyptian pounds in an auction on January 3, the central bank
said on Tuesday.

The three-year bonds worth 1.5 billion pounds, which will mature on October 5, 2013, carry a coupon of 11.6 percent.

The same amount of five-year bonds will be issued, maturing on September 14, 2015, and carrying a coupon of 12.35 percent.

The 1 billion pound issue of 10-year bonds will mature on August 3, 2020, and will carry a coupon of 13.0 percent.

The bonds are sold by the central bank, acting on behalf of the finance ministry. Settlement will take place at January 4.

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Wenger says Arsenal can roll on with handbrake released

Wenger says Arsenal can roll on with handbrake released

Arsenal’s first
victory over Chelsea for two years could have released the
psychological handbrake which has slowed his side, manager Arsene
Wenger hopes.

The comfortable 3-1
win on Monday stopped a run of five consecutive defeats against their
London rivals and should fuel the Gunners with belief that they can
push Manchester United hard for the title in the second half of the
season.

“Two years ago, we
were battered by Chelsea, last year we felt we were getting closer and
this year at Chelsea and at Manchester United we came out more
frustrated because we felt we were in the game and there was no real
difference,” Wenger told reporters.

“Maybe we played a bit with the handbrake. It was a slow learning process.

“(Cesc) Fabregas
said maybe we were playing a bit scared to win. It was a strong word
but maybe there was something in there, you didn’t see that against
Chelsea.

“We have a more mannish dimension to our team that’s for sure. We are not bullied any more. People used to say that.

“I feel over the
last two years we have matured but this championship is very difficult
to predict and we have to prove that we can now be consistent.”

Pivotal moment

Consistency has
been Arsenal’s problem this season with five defeats already and Wenger
is aware that all the doubts could return if they under-perform at
Wigan Athletic on Wednesday.

“It can be a
pivotal moment but we have to respond straight away at Wigan in another
game that we want to turn up and take points from,” he said. “But we
know that to beat the big teams at home will definitely have an
important impact on the outcome of this league.” Arsenal are two points
behind unbeaten United, who play Birmingham City later on Tuesday.

“I’m satisfied that
we’re in December and we’re in touch with United, we are not very far
away,” Wenger, whose side are in the League Cup semi-finals and sensing
a first trophy for more than five years,

said.

“I hope that the victory over Chelsea convinces them that they are on the right way and gives them more hunger to improve.”

Reuters

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Diogu set for Utah test

Diogu set for Utah test

After a sterling
performance in his team’s last outing against Sacramento Kings earned
him accolades from his teammates and coach, Los Angeles Clippers new
signing, Ike Diogu, is set for another big test against Utah Jazz in
one of the NBA games coming up later today.

Diogu, a former
King, was a major factor for the Clippers defensively. He had eight
points and six rebounds as they held on against the Kings, winning,
100-99, Monday night at Arco Arena.

It was their second win in two days, third straight road victory, and third consecutive win against the Kings this season.

“He was huge down
the stretch,” Blake Griffin, Diogu’s teammate said. “I even heard him
yelling and screaming out there. That was good for us. He did an
unbelievable job. Not only on the offensive end but the defensive end
as well.

“I think we’ve
gotten better defensively. If you look at our defensive statistics over
the last 10-12 games, it’s like a completely different team. That’s
been a huge key,” Griffin said.

Nice start

Diogu had scored
eight points and grabbed three rebounds in 17 minutes off the bench
last Wednesday in his first game for the Clippers.

The Clippers signed the former first-round draft pick last Wednesday, hours before their home game against Houston.

Diogu has been out
of the NBA since Detroit cut him during training camp. After playing in
29 games during the 2008-09 season with Sacramento and Portland, the
five-year NBA veteran missed all of last season following left knee
surgery.

Happy with his return to the NBA, Diogu says he was only rewarded for his hard work.

“It’s been a wild ride … but it’s been a fun one as well,” Diogu said after the Clippers’ practice Thursday.

He was signed after
the Clippers suffered a rash of injuries. “It sure beats what I was
doing. Just working out and waiting for something to happen.

“I never gave up
hope, but I came up with a deadline. At a point, I might have to start
looking at other options. Luckily, the phone call came before I had to
make that move,” he said.

Diogu had microfracture surgery on his left knee about a year ago, and only started working on the court in July.

The Pistons cut him in training camp.

“The toughest thing
about the surgery, aside from the rehab, really, is once you get back
on the court being able to get your feel,” he said.

“That’s the one
thing I underestimated. When I went to training camp with Detroit, I
just wasn’t all the way there. And that was one of the reasons they let
me go.

“Since then, I’ve made a bunch of strides, and I’m feeling good on the court now,” he concluded.

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Life after Siasia

Life after Siasia

Heartland will name
a substantive replacement for their former coach Samson Siasia by the
end of January, the team’s General Manager Fan Nduboke has confirmed.

Siasia, who was
formerly contracted to help improve the fortunes of the Naze
Millionaires, was recently appointed as coach of the Super Eagles team,
leading to his exit from the Premier League side – less than six months
after he joined the club.

“We have received
applications from three Brazilian coaches, three Dutch, a Romanian,
three Croatians, an Egyptian as well as a Ghanaian to handle the team,”
the Heartland boss, told MTNFootball.com.

“We also have
interests from coaches in Nigeria, We hope to soon shortlist three,
(or) four of these coaches and by the end of January we will have our
man,” he added.

Currently, former
international striker, Emmanuel Osigwe, is in temporary charge of the
Owerri club following the departure of Siasia to the Super Eagles.

The Heartland boss
said that the club is shopping for a coach who can work with young
players as well as someone who can go on to market the players abroad.

“We want a coach
who has the knack to work with young players and who can open up
business angles for these players overseas. It’s not just about what he
can do on the pitch because we desire a technical partnership as well,”
he said.

“We now have two feeder teams, an Under-14 team and an Under-17 team. We want to sustain our policy of parading young players.”

This season, the
average age of Heartland is around 22 years as they rebuild after
failing to reach the semi-final of this year’s CAF Champions League, a
year after making it to the final only to be beaten by TP Mazembe of DR
Congo.

The Naze Millionaires are currently fifth on the Nigeria Premier League table with 13 points from eight matches.

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Football Federation holds General Assembly today

Football Federation holds General Assembly today

The Nigeria
Football Federation will today hold the concluding part of its 2010
Annual General Assembly at the Meridian Hotel in Uyo, Akwa Ibom State.

The first part of
the NFF’s 2010 Annual General Assembly was held at the International
Conference Centre, Abuja on August 26, but only the elections into the
NFF Executive Committee were dealt with at the time.

NFF President Aminu
Maigari, some Members of the Executive Committee and principal officers
of the secretariat arrived Uyo yesterday alongside other delegates from
the Football Associations of the 36 States and the Federal Capital
Territory.

NFF President,
Aminu Maigari is expected to declare the meeting open with his welcome
address and would thereafter present the President’s activity report as
well as the consolidated and revised balance sheet and the
profit-and-loss statement of the federation.

Key decisions

The General
Assembly will also approve the financial statements and the NFF’s
Budget for the Year 2011. It is a heavily loaded year with programmes
such as the Africa U-20 Championship and World U-20 World Cup
competitions (in Libya and Colombia respectively), the FIFA Women’s
World Cup (Germany), the All-Africa Games in Mozambique, qualifiers for
the 2012 African Cup of Nations holding in Gabon and Equatorial Guinea,
qualifiers for the London 2012 Olympic Games, beach soccer and futsal
competitions and other critical programmes, activities and events.

There will also be
discussion of proposals submitted by the Members and the Executive
Committee, appointment of independent auditors and any further items
proposed by the Members or the Executive Committee of the NFF.

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Former Israel and Liverpool defender Cohen, dies after crash

Former Israel and Liverpool defender Cohen, dies after crash

Avi Cohen, Israel’s
best-known soccer player in the late 1970s and early 80s and a league
title winner with Liverpool, died on Tuesday from head injuries
suffered in a traffic accident, his son Tamir Cohen said.

Cohen, who was 54, was thrown from his motorcycle after a collision with a car in Tel Aviv on December 20.

Doctors declared
Cohen brain dead on Tuesday, Tamir told reporters gathered outside Tel
Aviv’s Ichilov hospital where the former soccer star had been treated.

“To our great
sadness, a health ministry committee was in the hospital today and
confirmed that our father is indeed brain dead. Which is to say, he has
died,” a tearful Tamir Cohen announced.

Tamir, who plays for Bolton Wanderers in England, had flown from Britain to be at his father’s side.

Cohen’s 18-year playing career began in 1974 with Maccabi Tel Aviv. He went on to make 64 appearances for Israel, 33 as captain.

A defender, he played when Israel were affiliated to FIFA’s Asia and then Oceania confederations.

It was a period
when Israeli clubs and players had very little contact with the top
leagues in Europe and he became the first Israeli to play in England’s
top flight when in 1979 he joined the great Liverpool side of the day.

Exploit at the Anfield

He made 24
appearances for Liverpool, scoring one goal in the match against Aston
Villa that secured Liverpool the 1979-80 league title.

He also scored an own goal in the match.

After his two
seasons at Liverpool, Cohen returned to Israel and rejoined his boyhood
club Maccabi Tel Aviv. In 1988 he briefly played for Glasgow Rangers
who were at the time managed by Graeme Souness, a former Liverpool team
mate.

He was chairman of
the Israeli Professional Footballers Association for the past eight
years and was a regular local radio and television pundit.

Shortly after his
death was announced the radio sports programme on which he was a
regular played the Liverpool FC anthem “You’ll Never Walk Alone” in his
honour.

Reuters

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Capello supports winter World Cup in Qatar

Capello supports winter World Cup in Qatar

England manager
Fabio Capello has backed calls to play the 2022 World Cup during the
winter, fearing that Qatar’s ferocious heat could force players to
spend weeks cooped up in hotels if the tournament is held in summer.

Capello said that building air conditioned stadiums for the event would not be enough.

“It will not be
easy for the players to stay all day in the hotel, you can’t run around
the hotel,” he told reporters at an event in Dubai on Tuesday.

“It’s a big
problem, not only for the training, you have to spend the time, all the
day in the hotel, you can’t go around to relax, to do something
different.

“When you stay together for long time you need to relax to do something different, not only training or playing,” he added.

“That’s why I think
it would be a good idea to play in January or February.” FIFA president
Sepp Blatter has said he would not object to a January-February World
Cup and UEFA president Michel Platini is also sympathetic to the idea.

On Tuesday, Asian
Soccer Federation president Mohammed Bin Hamman, a Qatari, reiterated
his country’s view that June and July would not be a problem.

“I believe our
country has submitted a bid where they would like to organise and host
the World Cup in June/July and they have actually presented also the
solution for the heat challenges,” he said.

“So our country
actually is ready and willing to host a very comfortable World Cup in
the summer season.” Defending La Liga But he declined to write off the
winter alternative.

“The month of
January is a sort of dead season, most of the leagues in Europe are
suspended, they are not playing during that time,” he said.

“It’s not going to
affect practically, the leagues or the clubs if they played the World
Cup in January.” However, Barcelona president Sandro Rosell said a
January/February tournament would disrupt the Spanish season which does
not have a winter break.

“I have to stand up
for the Spanish league. The World Cup has to be in June, July,” he
said. “I don’t like to break the Spanish league because it’s one of the
leagues in Europe that continues in January”.

Reuters

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A legacy of honesty and integrity

A legacy of honesty and integrity

The former Minister
of Sports and Chairman, National Sports Commission (NSC), Ibrahim Bio
says he has laid a foundation of honesty and integrity that others can
build on to take sports in Nigeria to a higher level.

Bio, speaking
through his aide, Olukayode Thomas, said during his eight-month reign
as Sports Minister and Chairman of the NSC, he made sure it was no
longer business as usual as both staff of the commission and of
departments under the supervision of the NSC changed their attitude to
work.

The former minister
said though his tenure was short, it recorded a lot of successes for
Nigeria in sports. The first, he said, was the success of Nigerian
athletes at the Africa Judo Championship in Yaoundé, Cameroon where the
country won 3 bronze medals. He added that at the 2nd Tournoi
International Judo Championship in Libreville, Gabon, Nigeria won 5
gold medals, while Ifeoma Iheanacho won a bronze medal for Nigeria in
the women’s 67kg category at the 2010 World Wrestling Championship in
Moscow, Russia.

Success in India

Bio said one of his
biggest contributions to Nigerian sports was the country’s performance
at the Commonwealth Games where, as despite the late release of funds,
he ensured that the athletes put up a decent performance at the games,
finishing with 35 medals comprising 11 gold, 8 silver an 14 bronze
medals to record its second best performance ever at the Games.

“Despite these
challenges, Nigeria’s flag was the first to be raised in India during
the games through the excellent performance of 18-year-old Augustina
Nwaokola, who won the first gold medal of the Games and set a new
Commonwealth Games record in the 48 Kg women weightlifting event,” he
said.

He also noted that
facilities development was another area in which an impact was made.
The former minister explained that in a bid to encourage sports
participation in the grassroots, he awarded contracts for the
construction of 43 mini sports centres across the country valued at
N1.806 billion.

Against all odds

According to
Thomas, the minister would have done a lot more for football had it not
been for the selfishness of a few individuals.

“Bio wanted to
change the face of our football and turn it into a self sustaining
business but the cabal that held our football captive for over 20 years
used their cohorts locally and internationally to frustrate the
project. It was either threat of FIFA ban or suspension on a daily
basis.

“It got to a point
that Bio begged God to expose the enemies of Nigeria, who were
threatening us with ban and suspension. God did. Those threatening us
with ban and suspensions have been suspended from the game,” Thomas
said.

He added that despite opposition to Bio’s football reforms his
tenure witnessed the Super Falcons reclaiming the title as Africa’s
Women Champions for the sixth time and automatically qualifying for the
Women’s World Cup in Germany, 2011. The National U-20 female national
team, the Falconets also put up a very brilliant performance at the
U-20 Women World Cup held in Germany, in July, 2010.

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