₦airaland Forum

Nigeria Meets Argentina On Saturday At 5am

Our beloved Dream Team IV, led by Samson Siasia, defeated Belgium 4-1 in the semi-finals.  The score was 4-0 until the 87th minute.   Argentina also defeated Brazil 3-0 to win a slot in the final match.  So it's Nigeria versus Argentina for the gold medal.

The match will be played in Beijing on Saturday the 23rd of August 2008 at 5am Nigerian time.  We're going to cover the match live, as usual. 

What are your predictions? 

Nigeria defeated Belgium 4-1, but Argentina defeated Brazil without conceding any goal.  Oops?

UPDATE: Argentine won 1-0. De-Maria scored. The Eaglets wasted a lot of chances.

do u now mean to say 38 threads in a year x 20 clubs = 760 isnt too much ?

760 threads in a year is still nothing.  That's just two threads a day in the whole sports section.

However, most Nigerian football fanatics are fans of the top 4 premier league clubs, so the plan
is to cover every match played by Chelsea, Manchester United, Arsenal, and Liverpool.

38*4 per year is just 1 thread every 2-3 days.  And that's much less than nothing.  Nigeria is a
soccer-loving nation; the sports forum should be the most popular subforum after Romance.

Hehe. Yeah.

38 threads in a whole year is nothing.

Wow. 3-0 against Brazil.  Unbelievable.  The final won't be easy for us at all.

See also: Argentina Versus Brazil In 2008 Olympics

Actually, that is the plan.

Dead rats versus dead humans: which is worse? That is the question. I support animal testing of drugs.

Financially it is expensive kitting up a whole team, different pads and helmets for different positions,

How about Rugby?

We have only one striker. If they take him out, we won't be able to score.

Rita Dominic, I guess.

Tears of joy?

Maximum of 4 wives.

Try connecting it to a computer monitor before booting so you can see if there are any error messages.

Yeah, McSteamy isn't bad looking.
And I don't see why all the characters hate him.

I'm a big fan of McDreamy's former wife.
The actress is great, the character is great. Yum.

I heard about it.  This team is going to win big this season because of the new coach?

Why do Christian graduates work for unbelievers?
Why do Christian businessmen accept unbelievers as customers?
Because they are not stupid, that's why.  Money is money.

Even if the actor is at fault, the director is responsible for choosing the actors, so the he/she is still to blame!

Chelsea. I was told the new coach is really good.

August 15, 2008
Source: Nigerian Stock Exchange


A turnover of 6.4 billion shares worth N47.94 billion in 60,803 deals was recorded this week, in contrast to a total of 3.25 billion shares valued at N43.71 billion exchanged last week in 72,486 deals.



There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.



The Banking subsector was the most active during the week (measured by turnover volume), with 4.5 billion shares worth N37.4 billion exchanged by investors in 30,244 deals. Volume in the Banking subsector was largely driven by activity in the shares of Spring Bank Plc. Trading in the shares of the Bank accounted for 3.45 billion shares, representing 77.2% of the subsector’s turnover.



The Insurance subsector, boosted by activity in the shares of Investment & Allied Assurance Plc, followed on the week’s activity chart with a turnover of 1.42 billion shares valued at N1.7 billion in 8,088 deals.



Last week, the Insurance subsector led on the activity chart and was followed by the Banking subsector.



Price Movement:

The All-Share Index dropped by 4.4% to close on Friday at 47,517.87. The market capitalization of the 210 First -Tier equities closed lower at N9.7 trillion.



Twenty - Six (26) stocks appreciated in price during the week, higher than the seventeen (17) in the preceding week. Also, as in the preceding week, Chevron Oil Nigeria Plc led on the gainers’ table with a gain of N62.00 to close at N286.44 per share while Mobil Oil Nigeria Plc followed with N51.00 to close at N315.00 per share. Other price gainers in the Top 10 category include:



• Julius Berger Nigeria Plc - N9.27



• BOC Gases Plc - N6.36



• The Okomu Oil Palm Plc - N4.86



• Guinness Nigeria Plc - N4.52



• Berger Paints Plc - N2.75



• Longman Nigeria Plc - N2.60



• Neimeth International Pharmaceuticals Plc - N1.43



• 7-Up Bottling Co. Plc - N0.60



Eighty (80) stocks depreciated in price during the week, lower than the eighty-eight (88) in the preceding week. Total Nigeria Plc led on the price losers’ table, dropping by N34.29 to close at N206.21 per share while Oando Plc followed with a loss of N20.30 to close at N149.15 per share. Other price losers in the Top 10 category include:



• UACN Plc - N6.86



• Chemical & Allied Products Plc - N4.88



• Intercontinental Bank Plc - N4.72



• Academy Press Plc - N4.00



• Ashaka Cement Plc - N3.99



• First Bank of Nigeria Plc - N3.32



• Dangote Flour Mills Plc - N3.00



• Lafarge WAPCO Plc - N2.90



Five equity prices were adjusted for dividend and or bonus as recommended by the Board of Directors. Academy Press Plc was adjusted for dividend of N0.06 per share and bonus of 1 for 2. Flour Mills Nigeria Plc was adjusted for dividend of N1.00 per share and bonus of 1 for 10. Nigerian Bag Manufacturing Co. Plc was adjusted for dividend of N0.05 per share. Diamond Bank Plc was adjusted for dividend of N0.56 per share and bonus of 1 for 10. Intercontinental WAPIC Insurance Plc was adjusted for dividend of N0.125 per share and bonus of 1 for 5.



New Listing

The 1,548,780,000 shares in favour of Capital Hotels Plc were admitted to the Daily Official List at a price of N6.50 per share on Thursday, August 14, 2008 by way of Introduction. The shares were listed in the Hotel & Tourism subsector. By this action, the number of listed companies and securities increased to 226 and 319, respectively.



…Supplementary Listings

A total of 100,800,000 shares were added to the shares outstanding in the name of Academy Press Plc following the bonus of 1 for 2. A total of 155,306,666 shares were added to the shares outstanding in the name of Flour Mills Plc following the bonus of 1 for 10. A total of 1,315,931,191 shares were added to the shares outstanding in the name of Diamond Bank Plc following the bonus of 1 for 10. A total of 843,634,000 shares were added to the shares outstanding in the name of Intercontinental WAPIC Insurance Plc the bonus of 1 for 5.



Special Sale

There was Special Sale on the floors of The Exchange on Thursday August 14, 2008 of 637,919,840 shares of Capital Hotels Plc by the Federal Government of Nigeria through the Bureau of Public Enterprises (BPE). The shares would be allocated and sold in the six geo-political zones on specific Trading Floors of The Exchange on specified dates.



Change of Name and Sector Reclassification

The name of Royal Exchange Assurance (Nigeria) Plc was changed to Royal Exchange Assurance Plc following business restructuring. Also, the company was moved from the Insurance sector and listed in the “Other Financial Institutions” sector.



Technical Suspension

The Full Suspension on Spring Bank Plc was downgraded to Technical Suspension on Monday, August 11, 2008. The downgrade became imperative as the management of The Exchange is satisfied with the progress being made at resolving the issues that led to the imposition of the full suspension.

COMPANY NEWS

UNION HOMES SAVINGS & LOANS PLC: Audited result for the year ended 31st March 2008 shows Turnover of N8.92 billion as against N8.4 billion in 2007. Profit after tax stood at N2 billion compared with N1.0 billion in 2007. The Directors are recommending a dividend of N0.10 per share and bonus of 1 for 4. The date of closure of register of members is August 25, 2008 while payment date is September 15, 2008.



ZENITH BANK PLC: Unaudited result for the year ended 30th June 2008 shows Gross Earnings of N158.3 billion, as against N94.9 billion in the comparable period of 2007. Profit after tax stood at N41.04 billion compared with N18.8 billion in 2007.



DANGOTE SUGAR REFINERY PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N43.1 billion, as against N40.8 billion in the comparable period of 2007. Profit after tax stood at N12.84 billion compared with N11.5 billion in 2007. The Directors are recommending an interim dividend of N0.85 per share. The date of closure of register of members is August 29, 2008 while payment date is September 8, 2008.



NESTLE NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N22.9 billion, as against N20.21 billion in the comparable period of 2007. Profit after tax stood at N3.3 billion compared with N3.1 billion in 2007.



TOTAL NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N85.85 billion, as against N66.4 billion in the comparable period of 2007. Profit after tax stood at N2.225 billion compared with N1.4 billion in 2007.



AFRICAN PETROLEUM PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N80.75 billion, as against N48.82 billion in the comparable period of 2007. Profit after tax stood at N3.9 billion compared with N2.15 billion in 2007.



CONOIL PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N75.1 billion, as against N32.83 billion in the comparable period of 2007. Profit after tax stood at N2.65 billion compared with N866 million in 2007.



GLAXO SMITHKLINE CONSUMER PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N6.03 billion, as against N4.4 billion in the comparable period of 2007. Profit after tax stood at N786.05 million compared with N334.75 million in 2007.



RED STAR EXPRESS PLC: Unaudited result for the first quarter ended 30th June 2008 shows Turnover of N967.5 million, as against N745.6 million in the comparable period of 2007. Profit after tax stood at N99.22 million compared with N65.33 million in 2007.



MAY & BAKER NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N2.3 billion, as against N1.6 billion in the comparable period of 2007. Profit after tax stood at N96.2 million compared with N89.1 million in 2007.



CONTINENTAL REINSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.6 billion, as against N1.12 billion in the comparable period of 2007. Profit after tax stood at N927.13 million compared with N498.74 million in 2007.

REGENCY ALLIANCE INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N821.25 million, as against N610.43 million in the comparable period of 2007. Profit after tax stood at N176.43 million compared with N90.73 million in 2007.



CUSTODIAN & ALLIED INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.01 billion, as against N1.31 billion in the comparable period of 2007. Profit after tax stood at N648.61 million compared with N435.83 million in 2007.



EQUITY ASSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N1.24 billion, as against N1.05 billion in the comparable period of 2007. Profit after tax stood at N504.25 million compared with N188.71 million in 2007.



ALUMINIUM EXTRUSION INDUSTRIES PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N605.7 million, as against N549.8 million in the comparable period of 2007. Profit after tax stood at N29.32 million compared with N18.4 million in 2007.



THOMAS WYATT NIGERIA PLC: Audited result for the year ended 31st March 2008 shows Turnover of N162.75 million as against N121.85 million in 2007. Profit after tax stood at N2.02 million compared with profit after tax and extra-ordinary income of N0.273 million in 2007. The Directors are recommending a bonus of 1 for 10. The date of closure of register of members is September 8, 2008.



FTN COCOA PROCESSORS PLC: Audited result for the 4 months ended 30th April 2008 shows Turnover of N324.6 million, as against N267.1 million during the year ended December 31, 2007. Profit before tax stood at N143.2 million compared with profit after tax and extra-ordinary items of N142.8 million during the year ended December 31, 2007.



STARCOMMS PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N17.4 billion, as against N8.7 billion in the comparable period of 2007. Loss after tax stood at N1.01 billion compared with N381 million in 2007.



EVANS MEDICAL PLC: Audited result for the year ended 31st December 2007 shows Turnover of N3.15 billion as against N2.91 billion in 2006. Loss after tax stood at N317.02 million compared with profit after tax of N132.2 million in 2006. The date of closure of register of members is September 8, 2008.



EVANS MEDICAL PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N1.2 billion, as against N746.9 million in the comparable period of 2007. Profit after tax stood at N111.0 million compared with loss after tax of N21.0 million in 2007.



NIGERIAN INTERNATIONAL DEBT FUND: Audited result for the year ended 31st December 2007 shows Total investment Income of N180.4 million as against N406.6 million in 2006. The Net loss stood at N85.3 million compared with net profit of N228.93 million in 2006.


REPORT ON THE OTC MARKET FOR FGN BONDS

A turnover of 147.44 million units worth N144.7 billion in 1,339 deals was recorded this week, in contrast to a total of 191 million units valued at N189.6 billion exchanged in 1650 deals during the week ended August 7, 2008. The most active bond (measured by turnover volume) was the 5th FGN Bond 2018 Series 2 with a traded volume of 21.82 million units valued at N20.33 billion in 153 deals.

Nigeria Versus Belgium In 2008 Olympics: 19th August

After defeating Cote D'ivoire in the exciting quarter final match of the Biejing 2008 Olympics soccer competition, Siasia's Dream Team is set to face Belgium in the semi-finals.  Right now, we have a 75% chance of getting a medal.

What are your predictions and expectations for the match?  Are we lucky to be facing Belgium?

The match will take place at 11am Nigerian time, this time.  Not 2pm.  See this page.  We will cover it live.

Update: Nigeria (4) Versus Belgium (1) In 2008 Olympics - Siasia's Boys Are On Fire!

This is a silly lie. Why can't the "reporter" in question name the American journalists in question? Come on.

Because they managed to score one goal they are suddenly "world class" abi?

The solution to the CD problem is - don't. That's what your external hard disk is for.