Business
NEWS PAPER, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY FRIDAY 24 NOV. 2017
Daily Post
Biafra: Respect your old age – BNYL warns Lai Mohammed over comments on IPOB
N-Power: Lai Mohammed reveals number of youths engaged, says PDP will never return
IPOB accuses DSS of cloning Radio Biafra, vows to clone Radio Nigeria in return
Nigerian govt speaks on ‘2019 politics’
New minimum wage: Buhari appoints 30 man-committee for negotiation [Full list]
El-Rufai speaks on education reforms in Kaduna
BREAKING: Reps grills Dambazau, Malami, Oyo-Ita over Maina’s reinstatement
Senate reveals how EFCC allegedly shared 222 houses recovered from Ex-Pension boss, Maina
Why Buhari is APC’s greatest enemy – Emmanuel Iwuanyanwu
Nigerian govt obtains list of 500 Nigerians implicated in tax fraud
Biafra: Respect your old age – BNYL warns Lai Mohammed over comments on IPOB
PANDEF, PANDEC reconcile, warn states on management of resources
You diverted FG’s school feeding money – Oyo Assembly slams ‘vote of no confidence’ on Education Comm, Olowofela
Nigerian govt set to re-introduce toll gates nationwide
Malami reveals discussion with Maina in Dubai, says NSA attended meeting
More National
Okorocha finally reveals amount spent on each statue
Gov Ahmed presents N182bn budget for 2018
What Anambra election result says about APC – Oyegun
World Headlines
3 Tech Strategies You Can Use to Earn and Save More Money – Entrepreneur
5 Critical Warning Signs That You’re Making Bad Decisions – Entrepreneur
5 Ways Millennials Can Deal With Life Transitions – Forbes
7 Things Every Social Entrepreneur Can Be Grateful For This Year – Forbes
A baffling week for competition policy in America – The Economist
A Former Prisoner of North Korea Has Been Found Burned to Death in California – Yahoo
A hated tax but a fair one – The Economist
A Sound May Be A New Clue in The Search for A Missing Argentine Submarine – Yahoo
Actor Billy Baldwin Accuses Trump Of Hitting On His Wife – Huffington Post
After 37 years in power: Mugabe in the eye of the storm – Tribune
Alan Shearer on 25 years of the English Premier League – CNN
Amazon’s PlayStation 4 console bundles can save you some serious Black Friday cash – Pocket Lint
American freed from North Korean prison found burned to death – CNN
American taxes are unusually progressive. Government spending is not – The Economist
Anti-Pipeline Activist Found Guilty After Being Barred From Mentioning Climate Change – Yahoo
Anti-Pipeline Activist Found Guilty, Was Barred From Mentioning Climate Change – Huffington Post
Apple ‘Cyber Monday’ 2017 Deals Preview: iPad, iPhone, MacBook Sales – Forbes
Apple Black Friday One-Day Event Revealed: Gift Cards With iPhone, iPad, Mac and Apple Watch – Forbes
Punch
I educated my children with cassava proceeds Farmer
FG okays fresh N28bn budget support for 35 states
Maina still receiving salary, lawyer tells Reps
Sanusi blames briefcase billionaires for nations economic woes
New toll gates to be located at old spots Fashola
FG raises burial committee for Ekwueme
Benin monarch visits Buhari, seeks constitutional role for kings
Senate okays two RECs, rejects one
Senate raises panel to probe EFCC, DSS clash
Illegal migration: Obaseki advises returnees on productivity
Maina: 222 seized properties from pension thieves shared, Senate alleges
Our report on NEast didnt indict Presidency, ex-SGF NHRC
Vanguard
Ekwueme: Markets, shops shut down in Oko
Dangote’s $300m cement plant commissioned in Congo
Vice Chancellor slams FG over poor funding of varsities
Be agents of change, Prisons boss tells personnel
I was never sacked, still in active service, says Maina as Malami, Eyo-Ita differ
500 persons for Abuja Sheraton road awareness UNICEF fund raising
MultiChoice offers free subscription
Govt urged to subsidised diabetes treatment
Boost capacity for treatment of cancer, Onari Duke urges FG
That UN damning report on PINE corruption
FG uncovers 500 tax fraudsters, pledges amnesty for repentant defaulters
EFCC to Senate: There are no 222 pension properties to share!
Naira gains 38kobo as reserves increase by $123.8M
Value Added Tax rises to N251bn in Q3- NBS
Communication Ministry to spend N158.3m on travelling, fumigation
The Cable
EFCC to senate: You deserve to be educated all recovered assets are intact
Fashola: Weve concluded plans to reintroduce toll gates nationwide
Senator: 222 houses Maina recovered have been shared under EFCCs watch
Oh my God! Dropped ICPC board nominee is mother of lady who murdered son of ex-PDP chairman
Omokri attacks Abdullahis book on Jonathan and author hits back
Maryam Ali, wife of ex-PDP chairman, joins APC
Falana demands prosecution of DSS operatives who shielded Oke, Ekpeyong
My client still collecting salaries, says Mainas lawyer
SGF heads FG committee on Ekwuemes burial
Pope well informed about happenings in Nigeria, says Dogara
BBOG: No sign that govt is genuinely committed to the release of remaining Chibok girls
Nigerian Pilot
Oba of Benin makes historic visit to Abuja
Igbo community installs Ochiabutor as Eze Igbo II of Karshi
NFVCB confiscates pirated materials worth N150m at Alaba international market
Nnamdi Kanu still our leader ‘ IPOB
NYSC spends N1.7m on water in Gombe orientation camp
Gov Emmanuel tasks lawyers on rule of law, to improve on NYSC camp facilities
Anambra: PDP asks S/Court to void judgement excluding it from election
A’Ibom teachers reject proposed handover of schools to LGs
Senate calls on army to reinstate sacked colonel
CSO condoles with health workers union over death of 7 members in Kaduna
2019: PDP will never come back again ‘ Lai Muhammad
Taraba Govt begins prosecution of tax defaulters by April 2018
NCC, NSCDC signs MoU on protection of national infrastructure
ECOWAS moves to improve electricity to member states
New Telegraph
The Mediterranean 26 must be given justice
Senate probes EFCC over ‘missing’ 222 mansions
Corporate heavy weights set for New Telegraph Award
FG approves N28bn budget support loan for states
Scourge of bad federal roads
FG saves $2bn through Dangote’s intervention ‘Buhari
Justice Minister: Why I met Maina in Dubai
PDP: Fresh anxiety over S/West chairmanship bid
2019: PDP Forum wants Atiku, others back
Senate rejects Zamfara REC nominee, confirms 2
New Telegraph award’ll spur me to do more ‘ Ganduje
Enugu: LG poll rekindles APC, PDP rivalry
A policeman’s lucky escape from death
Looters, military destroyed Third Republic ‘ Ojikutu
Discussions about 2019 distractive ‘ Tambuwal
SPORTS
1,000 athletes, officials for All-Comers Meet – Punch
11 teams to feature in S/West Pre-Season tournament – Vanguard
2018 World Cup: My fears for Super Eagles in Russia ‘Lawal – The Sun
3SC declares Faleye, its player, missing – The Cable
4-Star OLB Richard Jibunor Commits to Auburn over Florida and Tennessee – Bleacher Report
4-Star WR Seth Williams Commits to Auburn over Alabama, Florida and Others – Bleacher Report
AC Milan 5 Austria Wien 1: Andre Silva sends Montella’s men through to the last 32 – Goal
Antonio Conte's grumbling isn't fooling anyone – Chelsea are back in form and have a kind Christmas schedule – Yahoo
APC flags off National Unity Soccer Championship – Daily Trust
APC, govs bank on sports to curb secessionist threats – Punch
Arsenal ‘get the job done’ despite defeat in Cologne – BBC
Arsenal lose at Cologne, Milan make last 32 – Punch
Arsenal secure top spot despite defeat in Cologne – Yahoo
Arsenal Secure Top Spot in Europa League Group H Despite Loss to FC Cologne – Bleacher Report
Arsenal transfer news: The latest & LIVE player rumours from the Emirates Stadium – Goal
Arsenal transfer news: The latest & LIVE player rumours from the Emirates Stadium – Goal
BBC Sports Personality of the Year 2017: Overseas Award vote opens on Friday – BBC
Blue Jays Launch Investigation into ‘Disturbing’ PED Use in Minor League System – Bleacher Report
ENTERTAINMENT
#BAAD2017 Wedding Party are exploring Cape Town & Loving it! – Bellanaija
1,000 Norwegian Artists Denounce Sexual Harassment – Channels TV
2 Lessons I Learnt From My Grandmother ‘ Actress, Victoria Inyama – Nigeriafilms
48 Hours Marriage’: EXL Films announces the release of its movie – Pulse
5 Interesting Benefits of Spending Less Money – Olufamous
Actor Femi Branch Gives Reason Why What Ebuka Wore For Banky W’s Is Not An Agbada – Kemi Filani
Actress Roundtable: Jennifer Lawrence, Emma Stone other top stars on harassment in Hollywood and Ideas for industry change – Peoples Daily
Adorable photos of Flavour and his daughters – Miss Petite
Album Review: Oritsefemi is the most favored man alive on “L.I.F.E” – Pulse
Alex Ekwueme: FG inaugurates national burial committee – Pulse
Apo Six: Police reportedly reinstate officer who killed 6 Igbo traders – Pulse
Banky W, Adesua & BAAD Crew Visit Table Mountain In Cape Town (Photos) – Kemi Filani
Beyonce shares lovely Thanksgiving photos – Miss Petite
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
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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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Suspected Fulani militia kill two in fresh Taraba attacks
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