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 Sports / Dangote Should Forget About Arsenal And Buy Wolves Instead by LagosEconomist: 10:33am On Oct 26, 2015 |
http://nairanotes.com/ If you are one of those EPL jersey wearing fans in various Nigerian cities that use the pronouns ‘us’ and ‘we’ for various British teams, you can stop reading now, as this memo is not a buy-in to your misplaced devotion. There is something cringe-worthy about the whole ELP craze in Nigeria that might be better suited for psycho analysis and not business analysis. There is an economic angle to it however, with the subtle, but significant capital flight, as over $100million a year leaves Nigerian pockets to enrich EPL owners, through broadcast rights for matches. A law compelling a percentage of the payments for those rights to be used to set up a local league fund to be overseen by the LMC might not be a bad idea. Now to the topic at hand: Dangote group Chairman Aliko Dangote, who has had a multi-year obsession to buy London club, Arsenal, publicly re-stated his interest over the summer. The interest is understood as Arsenal would be a great investment. The club owns its stadium and consistently makes a healthy profit (a rarity among its European peers). The club also recently ended its title drought with the English FA Cup, and could contend for the EPL title and continental honours this year. Beyond the financial numbers and the on-field performance however, it is the marketing and publicity impact that makes the most compelling case for the type of investment Dangote is considering. Imagine the impact of having the Dangote brand flashing across Arsenal jerseys and beaming to a global audience (not forgetting millions of jersey wearing fans who willingly pay upwards of $50 to serve as mobile advertising boards). Think of the publicity and possible political capital (or at least insulation from persecution/prosecution) that Thaksin Shinawatra (Man City) and Roman Abramovich (Chelsea) have been able to gain from owning EPL sides. With all the positives listed above, why should Dangote give up his pursuit of Arsenal? Simple; He can achieve his objectives for much less. With Arsenal, he would end up overpaying as there would be a huge premium (between 50% and 100%, we reckon) on the current $1.5billion valuation to try to compel unwilling and unmotivated owners whose ownership of the club has more to do with pride and ego than financial reasons. Largest shareholder , Stan Kroenke (67% of shares), who also owns the St. Louis Rams and the Denver Nuggets, was already a wealthy man before marrying Ann Walton, daughter of Walmart co-founder Bud Walton, in 1973. The other major investor with around 30% of the shares, is Alisher Usmanov, Russia’s richest man, whose net financial worth is estimated as not too far from Dangote’s. It should therefore be clear that there is little to suggest that Dangote can force the sale of a club owned by two billionaires with an uneasy relationship, and who both want to acquire more shares than each already controls. We suggest he saves himself from wasting money and getting a bruised ego by avoiding a doomed expedition with Arsenal as there is a much brighter prospect for him: WOLVES. Read more here http://nairanotes.com/lead_story/lead-story-4/ 1 Like |
| Politics / Re: Subsidy On Petrol Falls To N576m Daily by LagosEconomist: 3:04pm On Oct 05, 2015 |
jpphilips: No point discussing economic matters with someone whose grammar does not suggest a successful completion of primary school. The same slowpoke looks down on the woman selling kunu on his/her street. Get some general education and maybe then you might gain the tools to engage in higher levels of learning and reasoning. If a topic of discussion is beyond you, just read the contribution of others. Maybe you might learn something. If you have any portion of the 'brain' you so proudly proclaim, you would read this very slowly, and rush to apply it in ways that would do you some good. 1 Like |
| Politics / Re: Subsidy On Petrol Falls To N576m Daily by LagosEconomist: 1:12pm On Oct 05, 2015 |
There should be no subsidies at all. The central setting of prices is proof of the continued existence of corruption. Young people should not play politics with the economy. Read more if you want to more about this. http://nairanotes.com/lead_story/lead-story-4/ The Nairanotes free market petrol price [b]The Nairanotes free market petrol price shows what the free market price price of petrol in Nigeria should b e, if the government did not distort the market with current regulated price-setting regime. Petrol or Gasoline prices in the United States (an example of a free and efficient market) are a good starting point. The petrol prices are made up of four components: Crude Oil Refining (Costs and Profit) Distribution and Marketing (Cost and Profit) Taxes Currently (September, 2015), the open market petrol prices in the US range from about $1.90 to $2.50 per gallon, but removing taxes (which account for most of the variation), we have a tax-free price of about $1.50 per gallon. This translates to $0.396 or N78 per litre. N78 is what we expect the open price of petrol to be based on current market conditions in an efficient and corrupt free setting, even when accounting for expected operating profits. As such the Nigerian citizen and consumer pays N7 per litre more than what the fair market, tax-free price of petrol should be. The daily national petrol consumption is estimated at between 30 and 42 million litres per day. Using the lowest estimate, it means Nigerians pays at least N210 million more than necessary per day due to the existing regulated and corrupt subsidy regime. Adding the N890 million that the government reports that it spends on subsidies daily (based on PPPRA’s pricing template result of N103 against the fair market price of N78)[/b], it means N1.1 billion naira is lost daily to corruption and inefficiency from petrol pricing, even with extremely low global crude prices. Ignorance and lack of economic knowledge cannot be an excuse anymore. Failure to immediately end the subsidy regime amounts to complicity in the corruption in the sector. That will be a shame for a government that loudly touts its anti-corruption stance. 1 Like 1 Share |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 5:17pm On Sep 04, 2015 |
isaiah9: Saw Seni Lawal on the news yesterday. He is in the US. They waited for a day and wanted to come to Abuja or Lagos to celebrate. Nothing heard from Buhari. Later they said all the Sports people had gone for the AAG in Congo. Really bad planning. This was a huge victory and the PResidency should have received them. |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 5:15pm On Sep 04, 2015 |
gabelogan: Ezeli committed to Afrobasket when he was coming off injury and was the #3 center for the warriors around February. Hes was even sent to the NBDL. Now he had an OK playoff defensively, and he fails to show up for Afrobasket. Even if he makes the team, no way he starts ahead of Lawal, who will be the starting PF for Barcelona. I think Ezeli will be competing with Tonye Jekiri and Deji Akindele for Oyedeji's spot (and I'll go with Jekiri, if it was up to me). The only other person I'll add to the team is Rasheed Sulaimon who might be one of the top players in college this year. He might be the best 3 point shooter we have (even better than Champ), and he is not just a catch and shoot guy. He can create his shot off the dribble, and like Gbinije, he is a lock down defender. So I think we should have 3 current college seniors on the team. (Jekiri, Gbinije & Sulaimon). Each one of them could be drafted by an NBA team before the Olympics. Umeh struggled against the good teams, Ogide only had 2 good games, although one of those games was the finals. Olasewere was hardly used. I think these 3 in addition to Oyedeji are vulnerable, but I expect to see at least 9 players from Afrobasket in the Olympics. 1 Like |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 10:40pm On Aug 31, 2015 |
Afam4eva: Like others have said, a few things finally came together. Read the article I posted on the 1st page of this thread for more information. 2013 was meant to be the year, but things fell apart just as the tournament started. You could see that we were the best team in the tournament but we just ran out of gas against Senegal as we had no bench and no outside shooting. After that, so many stakeholders came together to make sure things went well this time. Even the NBBF (especially Presisent Tijani Umar) tried and guys like Ime Udoka (former captain, now San Antonio Spurs assistant who had previously worked with Will Voigt) and Masai Ujiri (Toronto Raptors GM) were working behind the scenes in convincing some of the boys to play. Like I said, if we get our act together, we can dominate Africa for a decade, at least, and even sneak a medal at the Olympics or World Championship. Even as Diogu got injured, I said we would beat Angola by double digits if we met them. (They made a run when the game was practically over to make the scores look more respectable). 2 Likes |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 4:06am On Aug 31, 2015 |
Afam4eva: Our team can even get stronger before next year. In addition to Gbinije, Rasheed Sulaimon and Tonye Jekiri might be among the top 20 players in college next year and all three should be in the NBA after their senior season. All 3 may still stake a claim for an Olympic spot. Ike Ofoegbu could really help this team as well. Put those four in the mix, and we may just make a run for a medal at the Olympics. 1 Like |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 4:02am On Aug 31, 2015 |
Afam4eva: Mr. Afam, I just wanted to remind you of your words. The fact that we were disorganized in the past does not mean you cannot do an objective analysis of the future. We won this tournament without any contribution from our best player. 1 Like |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 8:13pm On Aug 30, 2015 |
Tunisia see off Senegal in the 3rd place game. All that is left is the FINAL GAME Let's go D'Tigers. We can do this. |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 4:48pm On Aug 26, 2015 |
68816419: 6:30pm Nigerian time 2 Likes |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 6:16pm On Aug 24, 2015 |
Confirmed. Nigeria to play Mozambique in the last game on Wednesday. If we get past that, it will probably be Cape Verde next on Thursday (that is where a deep bench could be an advantage) |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 3:15am On Aug 24, 2015 |
CFCfan: It will be against the winner of Mozambique and Morocco. We now play the 3rd team in Group B. 1 Like |
| Sports / Re: Forget It, Nigeria. Victor Oladipo Is Gone! by LagosEconomist: 1:39am On Aug 23, 2015 |
Oladipo will probably not make the US team, at least for 2016. What just happened was an extended camp with over 30 players. He was approached by Nigeria last year, and almost committed, but was compelled to change his mind at the last minute. The focus should be to get Rasheed Sulaimon to commit to Nigeria asap. He can be as good as Oladipo. Maybe even better. Always easier to get the potential superstars in college before they become pros. http://nairanotes.com/sports/afrobasket-2015-the-missing-fantastic-four/ With Al Farouq, the fact that his brother was leaning towards Nigeria probably helped make his decision easier. |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 7:46am On Aug 22, 2015 |
You can rewatch Nigeria's games online for free on the Afrobasket site and Youtube. Follow the links below http://www.fiba.com/afrobasket/2015/Nigeria http://www.youtube.com/fiba 1 Like |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 12:18am On Aug 20, 2015 |
isaiah9: http://www.livebasketball.tv/ |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 11:53pm On Aug 19, 2015 |
isaiah9: https://www.youtube.com/watch?v=ZoHd4x2jydc Highlights here 1 Like |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 7:47pm On Aug 19, 2015 |
Afam4eva: I repeat, we are good enough to beat any team in this tournament, and will likely win it and get the Olympic ticket. Angola is not the US, and will lose to this Nigerian team by double figures if they are unlucky enough to cross our path. The fact that we did not get it right in the past and undeperformed does not mean you should stay stuck to those standards. 2 Likes |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 6:42pm On Aug 19, 2015 |
Afam4eva: We are good enough to beat any team in the tournament and can't be scared. You have to beat the best to be the best, and there is only one goal here. Win and get the Olympic ticket. If it makes you feel better, Angola will likely be first or second in group B, and will face the team that is third or fourth in our group, so we will probably not meet till the latter stages of the tournament. 2 Likes |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 1:34pm On Aug 19, 2015 |
Seamareggae: http://www.supersport.com/basketball/nba Wed 19 Aug 15:45 Afrobasket Championships Men Nigeria v Central African Rep. It is meant to be on Supersport 7, but you never know with these South Africans. |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 1:09pm On Aug 19, 2015 |
isaiah9:y Last I heard about Dagunduro, he was playing for Virtus Roma two ears ago. He struggled for playing time, unlike in Belgium where he was a star. Dagunduro was really good for us, but I think everyone on this team deserves to be there on current form. Maybe except Oyedeji, since there are a few Nigerian forwards and centers who have had a really good season and are not on the team. |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 9:38pm On Aug 18, 2015 |
stealvyn: Basketball, especially at the pro level is mainly a game of the 20's. Once you cross 30, you start to decline. Guys at the highest levels (NBA) have access to excellent diet and exercise regimen, and usually push till 35, but that is not the case with the Guys in Europe. Of course there are exceptions like Duncan who is still going strong at 39. Skinn is 32 and is now retired from Pro Basketball, but he is still involved with the game. He is now an assistant coach at Louisiana Tech (University) in the USA. That is a very good landing with bright career prospects. 2 Likes |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 3:48pm On Aug 18, 2015 |
isaiah9: https://www.youtube.com/watch?v=nk3I6w9p3N4&spfreload=10 I'm not sure if you can call this Nigeria highlights as it mostly shows the Texas A&M team, but Nigeria won this game in a dominant way |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 11:45am On Aug 18, 2015 |
bushdoc9919: Nigeria will win it this time. The preparation has been top notch. Moz is not even a major player. The main threats to Nigeria are Angola, Senegal, Egypt and Tunisia who would try to do everything to win at home. 2 Likes |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 11:42am On Aug 18, 2015 |
Mynd44: http://nairanotes.com/sports/afrobasket-2015-the-missing-fantastic-four/ Ezeli chose not to go, but there are players as good as he is, maybe even better. Oladipo is a loss, but the US has invited him. Rasheed Sulaimon is as good, and Nigeria should focus on getting him now |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 10:59am On Aug 18, 2015 |
Injury scare hits Nigerian camp as Ike Diogu sighted with crutches at team hotel. http://nairanotes.com/sports/injury-scare-in-nigerian-camp-as-ike-diogu-seen-with-crutches/ Nigeria's 1st game is Wednesday night vs. CAR |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 9:50pm On Aug 16, 2015 |
Final team of 12 has been chosen: Point Guards - Ben Uzoh, Michael Umeh Shooting Guards - Michael Gbinije, Champ Oguchi, Small Forwards - Jamal Olasewere, Stan Okoye, Al Farouq Aminu Power Forwards/Centers - Ike Diogu, Andy Ogide, Alade Aminu, Olumide Oyedeji, Seni Lawal Time to win the African Championships for Nigeria 14 Likes 2 Shares |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 8:20am On Aug 16, 2015 |
The team beat Texas A&M yesterday by 32 points. 79 -47. The team is ready. Final roster to be announced tomorrow. http://www.kbtx.com/sports/home/headlines/Aggies-Fall-to-Nigerian-National-Team-in-Exhibition-Contest-321967922.html ROME – During its first full day in Rome, the Texas A&M men’s basketball team played the initial exhibition contest of its European Tour, falling to the Nigeria National Team on Saturday by the score of 79-47. “That’s a very good team we played,” Texas A&M head coach Billy Kennedy said. “They’ve got a lot of grown men and did a really good job of running their offense. This was a good experience for our guys. We got to play a lot of people. I thought our young guys did some good things in a very tough venue. Overall, this was good for our team and we’ll continue to get better on this trip.” The Aggies were led in scoring by freshman Elijah Thomas, who scored 10 points during his first action wearing the Maroon & White. Senior Alex Caruso added six points, including a thunderous one-handed dunk on a break-away during the second when A&M outscored the Nigerians, whittling the lead down to just six points before the national team hit a last-second 3-pointer to go into the intermission leading 36-27. Rookie D.J. Hogg hit a pair of 3-pointers during the opening half, while sophomore Alex Robinson hit a pair of long-range jumpers after halftime. The contest was played by FIBA rules and featured four 10-minute quarters and a 24-second shot clock at the Stella Azzurra athletic facility |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 8:48pm On Aug 15, 2015 |
FIBA has us 3rd in their power rankings for the tournament. I have us as #1, and I don't even think it will be close. http://www.fiba.com/news/afrobasket-2015--power-ranking-week-4 Share this 12/08/2015 NEWS AfroBasket 2015 - Power Ranking : Week 4 Here is what could be the final ranking of the tournament that will tip off next week ABIDJAN (AfroBasket 2015)- Every week leading up to AfroBasket 2015 tipping off on 19 August, our basketball experts will be ranking the 16 teams bound for Tunis, based on their respective rosters and preparations for the Championship. NB: The rankings are entirely the opinion of our experts and have no mathematical or theoretical grounding 1 Tunisie They are in the straight line of their preparation. After a 83 – 64 win against Cameroon, they take over Turkey who are gearing up for EuroBasket 2015. Tunisia are showing undoubtedly that they are able to win it all. . 2 Angola Angola have released the final 12 – player- squad. Looking at this list the reigning champions remain Tunisia’s tough challenger for this summer’s event. Angola who had a 72-61 win over Venezuela in three of their four warm-up games, will face South Florida on Wednesday before taking on Spain, Senegal and Poland at Santander’s four- team tournament. 3 Nigeria They are performing well in the last part of their preparation ahead of AfroBasket in Tunisia. The players are highly motivated to make history by winning their first continental title. Al Faruq Aminu who recently penned with Portland Trailblazers is confident that they can win it all on the condition they correct the mistakes they did two years ago in Abidjan. 2 Likes |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 4:35am On Aug 14, 2015 |
Nigeria has won 2 friendly games against China in Italy. The team is hitting form at the right time and I don't think any country can stop us at Afrobasket. https://twitter.com/nigeriabasket Nigeria Basketball @NigeriaBasket 5h5 hours ago D'Tigers with two victories over China this week! Good competition, D'Tigers hitting the right stride going into Afrobasket 1 Like |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 4:11am On Aug 14, 2015 |
Nigeria has won 2 friendly games against China in Italy. The team is hitting form at the right time and I don't think any country can stop us at Afrobasket. https://twitter.com/nigeriabasket Nigeria Basketball @NigeriaBasket 5h5 hours ago D'Tigers with two victories over China this week! Good competition, D'Tigers hitting the right stride going into Afrobasket 2 Likes |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 12:32pm On Aug 13, 2015 |
https://twitter.com/nigeriabasket Nigeria coach Will Voigt denies that he has released the final list to Afrobasket. Promises to release the list between now and Saturday. |
| Sports / Re: Afrobasket 2015 - Nigeria on the march to elusive first African Title by LagosEconomist: 1:19am On Aug 13, 2015 |
Nigeria beat China 82-76 in Italy tonight. Waiting on details, but they have won 4 matches on this tour now. The final team should be released anytime soon. Michael Gbinijie of Syracuse is said to have made the final team. Nigeria's first game is in a week, and the team is leaving for Tunis in 4 days. 2 Likes 1 Share |
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