The Telkom Knockout champions' relegation fears deepened with a 2-1 loss to log leaders Bidvest Wits at Peter Mokaba Stadium on Sunday.
Nyirenda, however, is adamant his charges are more than capable of righting the ship.
"There is nothing to panic about," said Nyirenda, whose side recently claimed TKO honours by beating Orlando Pirates in the final in Port Elizabeth.
"We have a team that can do wonders. We have to concentrate on what we are doing. There is nothing wrong with the team now. We have players who can play. In our next coming games we just need to concentrate."
Bakgaga have played PSL giants Pirates, Mamelodi Sundowns and Wits in the space of eight days, with Nyirenda pointing to fatigue as a factor in their meeting with the Clever Boys.
"I think some fatigue was at play. You can understand some of the players are young and played many games in less than 10 days. I think it has been too much for them."
Baroka, who have 11 points from 14 league games, will end 2018 with a clash against fellow strugglers Maritzburg United at Harry Gwala Stadium this Saturday.