Business
NEWS PAPER, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY WEDNESDAY 22 NOV. 2017
Daily Post
Biafra: IPOB insists it boycotted Anambra election, says only 10,000 voted
Boko Haram: Stop lying, sect not defeated – Aisha blasts Buhari’s govt
Falana denies buying house from wanted ex-Pensions boss, Maina
Anambra election: Why Obiano defeated APC – Okorocha
Robert Mugabe finally resigns
Buhari, Togo President, Gnassingbé in secret meeting at Aso Rock [VIDEO]
Presidency reveals why Buhari will not give women special preference in his govt
Alex Ekwueme: Ibori blasts Nigerians for mourning late vice-president
Boko Haram: Stop lying, sect not defeated – Aisha blasts Buhari’s govt
Fulani youths protest anti-open grazing law in Benue, Taraba
Grace Mugabe lacks proper grooming, true motherhood – ZANU-PF youths
Punch
NASFAT rejects underage marriage
AIT reporter, pregnant wife, kids perish in auto crash
Teenage suicide bomber kills 50 in Mubi mosque
Drama as DSS operatives stop EFCC from arresting ex-DG
Kumuyi proffers solution to economic woes
Jubilation as Mugabe resigns after 37 years in power
Ekwueme, a complete gentleman, says Ambode
IDPs food: UNDP, NHRC want sacked SGF, others prosecuted
FCT demolishes 500 buildings in Abuja
Vanguard
Adamawa: 105 killed in Mubi, Numan attacks
NASS sends proposed constitution amendment copies to state Assemblies
Name Fedpoly Oko, others after Ekwueme, Senate tells FG
Anambra polls: Buhari congratulates Obiano
One-in-a-week cooking wrecks 22-yr-old marriage
Minister proffers solutions to antic-social behahiours by youths
12 varsities established by Jonathan have only 3,756 academic staff ‘ Panel
HYPPADEC FUNDS: Senate summons Fashola, NERC, others
Muazu didn’t leave N9bn in PDP’s account, says ex-National Treasurer
Ex-ALGON Chair wants Asaba Airport contract revoked
Tribune
Ekiti anti-cultism law: Students, youths stage solidarity rally for Fayose
Tribune commissions multi-mllion naira edifice in Abuja
VIDEO: Celebratory scenes after Mugabe’s resignation as Zimbabwe’s president
37-year rule ends: Robert Mugabe finally resigns as Zimbabwe’s president
Adamawa suicide bomb attackvery cruel and dastardly’Buhari
Anti-graft war not meant to intimidate judiciary ‘Buhari
PDP crisis deepens
#BREAKING: Suicide bomber kills 50 in Adamawa mosque
Affirmative action and reps’ clamour for increased female cadets
We are ready to tackle infrastructure decay in energy sector ‘MD, NDPHC
Indigenous producers pledge compliance to Nigerian Content Act
Daily Independent
I Am Qualified To Be PDP’s Legal Adviser ‘ Enoidem
Anambra 2017: The Uncertainties, The Surprises
Anambra Poll: Obiano Deserves Victory, Says Oguh, APGA-UK Scribe
Lagos East APC Passes Confidence Vote On Ambode
NSE Index Closes Negative, Drops 0.52%
FCMB GroupCompletes 88.2% AcquisitionOf Legacy PensionManagers
Nigeria’s IPOs Hit $1.2bn
Telcom Firms Maintain Dominance Among Top Advertising Categories In Nigeria
ACCI Decries Poor Implementation Of 2017 Budget
Grand Cereals Excites Consumers At Lagos Trade Fair
StarTimes Announces Price Slash On Antenna And Decoder
World Headlines
“I remember feeling really scared that he could be around any corner, because we weren’t sure exactly where he was.” – Yahoo
1,000 coveted EU jobs are leaving Britain – CNN
10 Best Tech Apps To Help You Save, Invest, And Manage Your Finances – Forbes
10 excellent battery pack gifts for your friend whose phone always dies – Techcrunch
10 must-have tech accessories under $10 – Business Insider
10 Things You Must Do Before Becoming an Entrepreneur – Entrepreneur
102-year-old Holocaust survivor who thought his entire family died meets nephew he didn’t know existed – Yahoo
12 Ways To Eat Sushi You Haven’t Thought Of Yet – Yahoo
19 Crazy Delicious Ways To Roast Sweet Potatoes – Yahoo
21st Century Fox gets nearly $90 million from insurers to cover harassment claims – CNN
3 US Army soldiers reportedly made improper contact with foreign women during Trump’s trip to Asia – Business Insider
5 Signs That You’re Overworking Your Employees – Entrepreneur
50 killed in Nigeria mosque bombing – CNN
6 outrageous perks Apple employees get, from celebrity concerts to discounts on the iPhone – Business Insider
A Closer Look At Juniper’s R&D Budget – Forbes
A federal grand jury has charged the Manhattan truck attack suspect with terrorism and murder – Business Insider
A New Addition To The C-Suite — The Chief Robotics Officer – Forbes
A new drug to treat HIV just got approved ‘ and it could shake up a $22 billion market – Business Insider
Nigerian Pilot
Teenage suicide bomber kills at least 50 in Adamawa mosque
Ekwueme: Stop shedding crocodile tears, Ibori blasts Nigerians
2019: Vote for politicians who’ll unite, rather than divide Nigeria ‘ Group
Youths chide Kogi East elders over comments against Gov Bello
Minimum wage: NLC regrets delays in negotiations
Kaduna Education Commissioner, Prof Nok dies
Nasarawa Assembly okays LG autonomy, independent candidature
Anti-open grazing: Army to deploy troops to Benue
Senate probes non-payment of severance, pensions to judicial officers
The Cable
FROM HERO TO ZERO: The end of Mugabe
Okorocha says 34 governors have endorsed Buhari for 2019
VIDEO: Jubilation in Zimbabwe as Mugabe bows out
TheCable reporter wins international media excellence award
UPDATED: Movement restricted on Asokoro street as DSS, EFCC standoff continues
Tension as DSS prevents EFCC from arresting Ekpeyong, Ayo Oke
OBITUARY: Andrew Nok, the Nigerian scientist who discovered the sleeping sickness gene
Buhari rejects two national assembly bills
FRSC marshall killed in Niger, two colleagues abducted
Army raids Rivers militants camp, uncovers human skulls
Witness: How ex-PDP chairmans son was murdered by wife
SPORTS
20 schools vie for female Principals Cup – Peoples Daily
600 wrestlers for Wike wrestling championship – Punch
AJ Styles vs. Jinder Mahal Announced for WWE Clash of Champions 2017 – Bleacher Report
Akanbi, Solanke talk tough ahead of Asoju Oba – Punch
Akpokona battles Jatau for Sokoto job – Punch
America’s Cup: New boats to fly faster – CNN
Andre Ellington’s Fantasy Outlook After Reportedly Signing with Texans – Bleacher Report
Ange Postecoglou Quits as Australian Coach Ahead of 2018 World Cup – Bleacher Report
Arsenal names Mislintat head of recruitment – Peoples Daily
Arsenal transfer news: The latest & LIVE player rumours from the Emirates Stadium – Goal
Australian Open 2018 to use 25-second shot clock – The Sun
Azeez eyes Eagles return – The Sun
Balogun undergoes surgery – Peoples Daily
Barcelona: Im sure Messi will stay Rakitic – Punch
Ben Roethlisberger Says Idea He Doesn’t Care About Football ‘Absolutely Nuts – Bleacher Report
Ben Simmons’ Early-Season Efforts Not Seen Since 1993 – Bleacher Report
Billiat: We played to Pitso’s instructions – Kickoff
Borussia Dortmund 1-2 Tottenham: Five talking points as Spurs clinch top spot – Yahoo
ENTERTAINMENT
MissWorld2017: Nigeria’s rep Ugochi Ihueze is back in town! – Bellanaija
“He was a cheating piece of filth. He got what he deserved” – Lady defends Maryam Sanda, who allegedly stabbed her husband to death – Linda Ikeji
2019 Election: Why Gov. Ikpeazu Should Join APC – Orji Kalu – Tori
21st Century Fox gets nearly $90 million from insurers to cover harassment claims – CNN
22-year-old Marriage Crashes Because of Wife’s Bad Cooking Habit – Tori
22-year-old Rapper Marries His Girlfriend Traditionally in Akwa Ibom (Photos) – Tori
26 countries to participate in 2017 Calabar Carnival ‘ Official – Nigerian Pilot
50-year-old Mother of Seven from Ibadan Arrested with 40kg of Cannabis – Tori
6 Sneaky Ways Your Phone is Ruining Your Relationship – Tori
Adesua Etomi pictured holding her mother’s hand tight as they prayed before her traditional wedding – Linda Ikeji
AIT’s Senior Journalist, Pregnant Wife and 3 Kids Perish in Tragic Auto Crash – Tori
American Gay couple Shaun T & Scott Blokker welcome twin boys together – Linda Ikeji
Apply for a UNICAF Scholarship and study for a UK Master’s degree at an affordable cost – Ynaija
Ara, famous female ‘Gangan’ drummer to build N600m drum academy – Nigerian Pilot
Beware: Checkout Five Everyday Habits That Are Making You Fat – Tori
Business
As Nigerians Battle Pains Of Soaring Petrol Price
This is more than just about fuel; it’s about the larger picture of governance failure. The fact that a country as oil-rich as Nigeria can’t provide affordable fuel for its people is a tragedy.

BY IFEANYI MOGBOLU
The Daily Times-The latest fuel price hike in Nigeria is beyond frustrating. Every time we think it can’t get worse, it does, and yet again, ordinary Nigerians bear the brunt of it.
It’s like a never-ending cycle, where the government’s promises of reforms or stabilisation always end up as empty rhetoric. The cost of living is already sky-high, and now, with fuel prices rising again, transport fares, food prices, and basic commodities are bound to follow suit.
It’s enraging because it doesn’t feel like anyone is truly considering the everyday citizen who is struggling just to survive.
This is more than just about fuel; it’s about the larger picture of governance failure. The fact that a country as oil-rich as Nigeria can’t provide affordable fuel for its people is a tragedy. The subsidies are gone, and now we’re left in a situation where the prices of everything keep climbing, while salaries remain stagnant or non-existent for many.
The disparity between the elites and the masses is growing, and it feels like nobody in power truly cares about the suffering of the people.
READ ALSO: NNPC Lied About Pump Price, Our Fuel Is 15% Cheaper Than NNPCL’s Imported Ones — Dangote
Hardship: ‘Suspend All Policies Impoverishing Nigerians’, NASME Begs Tinubu
Naira Hits Six-month Low In Official FX Market, Prof. Steve Hanke Slams Tinubu
The anger isn’t just about fuel; it’s about the entire state of living. Nigerians are exhausted. There’s no sense of security; power supply is erratic, basic infrastructure is crumbling, and inflation is at an all-time high. How do we live like this? Every day is a battle to make ends meet, and the government seems utterly disconnected from the struggles on the ground.
It’s infuriating that while politicians and elites live in luxury, the rest of us are left scrambling for the bare minimum. The state of living is unbearable, and the lack of empathy or real action from those in power only adds salt to the wound.
There’s a deep sense of anger and betrayal that comes with seeing your country’s wealth mismanaged, while the people continue to suffer. It’s hard not to feel like we are constantly being taken for granted, pushed further into hardship without any hope of relief. Something has to give, because this state of affairs is unsustainable.
QUOTE:
The anger isn’t just about fuel; it’s about the entire state of living. Nigerians are exhausted. There’s no sense of security; power supply is erratic, basic infrastructure is crumbling, and inflation is at an all-time high. How do we live like this? Every day is a battle to make ends meet, and the government seems utterly disconnected from the struggles on the ground. It’s infuriating that while politicians and elites live in luxury, the rest of us are left scrambling for the bare minimum.
Business
Nigeria To Receive $5.600,000 From Bill Gates, For Health And Agricultural Reforms, GMOs
Alongside the activities surrounding the 79th United Nations General Assembly in New York, Vice President Kashim Shettima held a meeting with the Bill and Melinda Gates Foundation leading to the announcement of the donation by the Foundation’s head of Global Development.

Bill and Melinda Gates Foundation is giving Nigeria through Vice President Kashim Shettima, a $5.600,000 funds to speedy up health and agricultural reforms in favour of the GMOs in Nigeria, and flood relief.
Through the Foundation’s head of Global Development Programme, Dr Christopher Elias, Bill Gates pledged $5 million grant approved for Lagos Business School and partners to develop the agricultural economics they called “industrial cassava” and $600,000 for flood relief in Borno State and other health sector initiatives.
Alongside the activities surrounding the 79th United Nations General Assembly in New York, Vice President Kashim Shettima held a meeting with the Bill and Melinda Gates Foundation leading to the announcement of the donation by the Foundation’s head of Global Development.
Recall that on 4 September, Bill Gates had described the Nigeria’s economy as “stagnated” and proposed agricultural reforms for faster and increased growths in crops, fruits, vegetables amongst others to enhance nutritional values of the Nigerian citizens through the agricultural sector.
In that meeting Chaired by Vice President Kashim Shettima, Bill gates urged Nigeria to adopt “innovative crop varieties with shorter growing periods, higher yields, and better pest resistance” pointing to the GMOs to address the food crisis.
READ ALSO: Bill Gates, Anthony Fauci and conspiracy theories (part 2)
Nigeria’s economy stagnated – Bill Gates
Nigeria Is Not Meant To Exist, A Collateral Damage And British Royal Niger Corporation -Burna Boy
Moreover, at the 79th UN General Assembly in New York, VP Shettima reaffirmed to the Bill and Melinda Gates Foundation, the commitment of the administration of President Bola Ahmed Tinubu prioritizing health, nutrition, and agricultural development in Nigeria’s national agenda.
In a statement by Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha, Shettima said: “we are deeply committed to addressing the pressing developmental challenges facing our nation, particularly the significant malnutrition crisis”.
He emphasised the Federal Government’s dedication and urgently working to secure locations for maize production under the Telemaze programme.
VP Shettima, promising swift action to the Gate’s Foundation on import permits for certified seeds, the VP said, “We recognize the critical importance of food security and industrial agricultural development. The Cassava Accelerator programme, in particular, holds immense potential for our economy.
“We are pursuing a whole-of-government approach to digitisation and data exchange systems, which we believe will revolutionise our public services,” he added while reiterating the government’s focus and commitment to digital transformation.
“With the expertise” of Nigeria’s ministers, “and the continued support of partners like the Gates Foundation,” the nation remains confident in its “ability to drive meaningful change and improve the lives of all Nigerians.”
In his response, President of the Global Development Programme at the Gates Foundation, Dr. Christopher Elias, said the Foundation is burdened with worries of the severe flooding in Borno, and is “committed to supporting Nigeria in times of crisis.”
Speaking of Polio, the Foundation said, “We’re impressed by the national task force’s efforts to eliminate variant polioviruses by year-end,” Dr. Elias noted.
Also, President of Global Growth & Opportunity Division at the Bill & Melinda Gates Foundation, Rodger Voorhies, detailed plans for scaling up drought-tolerant maize production and advancing the Nigeria Cassava Investment Accelerator programme emphasizing that a $5 million grant has been approved for Lagos Business School and partners to develop the agricultural economics of industrial cassava.
In his words, “Industrial cassava presents a multi-billion-dollar opportunity for Nigeria,” Voorhees stressed.
He requested import permits for 5,000 metric tons of certified GMO maize seed to build a foundation seed system in Nigeria.
Business
Managing, Leading, Building Institutions And Sustainability
The two primary tasks of a top-level leader are to exploit and explore the organisation with people for now and in the future.

By Babs Olugbemi
One of my concerns for leaders is their capacity to be ambidextrous. Regardless of years of experience, knowledge, and leadership capacity, the lack of a clear distinction between managing and leading on the one hand, leading and building institutions on the second layer, and ultimately focussing on sustainability is a significant threat to successful leadership change.
I have followed events and people at C-suites, coached some, and developed frameworks for leadership development. Based on the personalities and styles of the new leaders, I have confirmed my fears about leadership sustainability in most African organisations.
“Successful leaders can aptly differentiate themselves and their roles without necessarily seeing activities as performance, focussing on what is required of them with appropriate tenacity and influence.”
The challenge for leaders is how to lead for the present and future without losing sight of the stakeholders’ immediate performance expectations. Successful leaders can aptly differentiate themselves and their roles without necessarily seeing activities as performance, focussing on what is required of them with appropriate tenacity and influence.
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Afrocentric colonialism: The new face of African oppression
Health: Genotype And Compatibility, Phenotype, Blood Groups And DNA
In my walk as a leadership coach, I have keenly observed leaders who are managing rather than leading. Managing involves ensuring that processes achieve their intended outcomes. Leaders are above managing and should focus on creating an enabling environment for innovation, inventions, and team collaboration. The primary role in leading is not to monitor process outcomes, though critical to the company’s overall objectives, but to align corporate values with the people’s aspirations to create an engaged and ownership-thinking mindset ready to take on challenges and explore opportunities. An alignment of corporate and personal goals will not only deliver the present performance expectations. Still, it will also incubate innovations to adapt to future market demands and the sustainability of the business.
Unfortunately, the capacity for ambidexterity is rare and often marked by leaders’ exposure, approach and styles, perception, and perspective of their roles in the organisation. A leader with a wrong foundation in these areas is set for failure and awaits unfavourable decisions from the board of directors. A top-level leader might manage their teams instead of leading them. Not all leaders can combine leading for the present with building institutions. However, anyone able to submit themselves to an institution-building mechanism can champion sustainability. Aside from being a leadership coach, I help leaders achieve sustainability.
Mathematically, creating an ambidextrous organisation is beyond leading. It is to lead and build an institution that focuses on sustainability in all aspects of the organisation—employee fulfilment, customer retention, strategy effectiveness, performance evaluation, stakeholder management, process improvement, and goal congruence.
In a nutshell, the role of successful leaders in ambidextrous organisations is striking a balance between exploiting current assets and capabilities to ensure short-term success and allocating enough energy and resources to exploration to ensure future viability. The two primary tasks of a top-level leader are to exploit and explore the organisation with people for now and in the future. The two seemingly contradictory aspects—exploitation and exploration—encompass different strategies and processes and have different targets and outcomes (March 1991; O’Reilly & Tushman, 2004; O’Reilly & Tushman, 2013).
O’Reilly and Tushman described the two concepts as follows:
- Exploiting: Exploiting involves building on an organisation’s achievements and maximising returns on previous investments. It focuses on responding to current business demands to remain efficient and competitive within an established market niche, as well as on maintaining an existing customer base and stakeholder relationships. Examples of exploiting are activities focused on continuous improvement, benchmarking, and redesigning business processes.
- Exploring: Exploring focuses on expanding an organisation’s knowledge and capabilities, pioneering new products and services, and discovering and venturing into untapped markets.
The common area of practical bottlenecks in exploiting and exploring in organisations is a need for foundational trust and cohesion among the resources, especially the human capital, which are often treated as costs rather than assets to the organisations. Among all the factors of production, only humans can be ambidextrous with the capacity to think about changes in economic parameters and adjust their behaviours to match the time, content, and contextual requirements.
While organisations might have the resources to deploy in fighting competition, technology to obtain first-mover advantages, and production capacity to maximise output from input, none is compared with the potential of an engaged workforce.
Therefore, for leaders to be successful, they must refrain from operating in the realm of managing. They should operate in the capacity of institution builders, with the mindset of creating sustainable leadership and growth with people first and other factors of production second.
Consequently, only the leaders who prioritise their people over profits, pride, and organisational arrogance will be successful in the long term.
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