Business
NEWS PAPER, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY MONDAY 27 NOV. 2017

Daily Times
Boko Haram Overruns Borno Town, Kills Three Soldiers, Injures Six
Atiku Settles For PDP, Meets Party Leaders In North East
Sultan Warns Against Killing Of Fulanis, Says Silence Not Weakness
APC: Obanikoro’s Meat, Atiku’s Poison
ABU Best Graduating Student Gets NNPC Scholarship
2018: Fayose Anointed ‘Stranger’ PDP Sole Candidate ‘ Bejide
Anti-Corruption War: NJC Panel Gives Fresh Directives To Judges
VAIDS: FG Deploys 1,710 Tax Officers To 33 States
Fayemi Calls For Removal Of Mining From Exclusive List
Punch
Kanu has jumped bail, his $800m suit purposeless FG
Presidential ticket: Atiku wont disregard Jonathans advice on Obasanjo, says aide
LASG moves to demolish more structures in Ikoyi, VI
FG meets Italy over 26 Nigerians burial, demands victims identities
FG targets N62.5bn from luxury cars, cigarettes, alcohols duties
PDP chair: George challenges Secondus, Adeniran, others to debate
Looters trial: NJC panel to meet EFCC, ICPC
Convention: PDP NEC meets Thursday
World Headlines
19 of the most beautiful public spaces in the world, according to urban designers – Business Insider
25 of the most inspirational, wise, and heartbreaking quotes from JFK – Business Insider
3 Mistakes You Make When Planning – Forbes
3 Teens Plotted to Kill New Classmate Who 'Disrupted' Social Order: Police – Yahoo
3 Ways To Save When Holiday Shopping Online – Forbes
60 Cybersecurity Predictions For 2018 – Forbes
A luxury mansion built in a converted nuclear-missile silo is now available on Airbnb – Business Insider
A photographer documents heat-packing women and the guns they love – Business Insider
A record number of visitors attend Venice Biennale art show – Associated Press
A Star Psychiatrist Swerves From Nuclear Armageddon To Climate Change – Yahoo
Abu Dhabi GP: Bottas denies Hamilton in season-finale – CNN
Actress Naya Rivera charged with domestic battery – CNN
Amazon’s best Cyber Monday deals you’d never find on your own – Business Insider
Are You Practicing The Age Of The Customer Prospecting Rules – Forbes
Ask The CMO: A Conversation With Microsoft’s Shira Levy Barkan On Revenue Driven Marketing – Forbes
Balderton Capital closes new $375M fund to invest in Series A-stage European startups – Techcrunch
Bali Issues Red Alert, Orders Evacuations As Mount Agung Volcano Erupts – Yahoo
Bali Issues Red Alert, Orders Mass Evacuations As Volcano Erupts – Huffington Post
Pm News
Atiku holds meetings with PDP leaders, governors
Why I did not attend Banky W’s wedding ‘ Wizkid
Kluivert hits hat-trick for Ajax
Buhari approves N164.7 million for tuition fees for Chibok girls
Enugu LG Polls and Ugwuanyi’s Winning Ways
Barcelona rescue a draw at Valencia
RRS Recovers Graduate’s Valuables From Bus Robbers
Oyo rehabilitates 100 schools with N2bn
Lagos arrests 19 motorists for driving against traffic
DMW’s Peruzzi Drops ‘For your pocket
VAIDS: FG Deploys Over 1,700 CTLOs to 33 States ‘ Adeosun
We Did Not Frame Burna Boy ‘ Mr 2Kay’s Manager
.City opens eight points gap at the top after 2-1 victory
Photos: Ambode’s wife at COWLSO’s thanksgiving
Ambode’s Wife Calls For End To Discrimination Against Women, Girls
Oba Akran to be shutdown for for Street Carnival
Jordin Sparks Is Expecting Her First Child
Suicide Bombings: Last Acts Of Dying Terror Group ‘ President Buhari
Photo of the week: Mugabe’s visitors from Namibia
Stray bullet kills 5yr old boy in Boko Haram attack
Everton’s crisis unabated, lose 4-1 to Southampton
Vanguard
Your votes’ll count, Etiebet assures APC supporters
Atiku: PDP is now re-engineered to take over power in 2019 ‘ Bode George, Usman
Emerhor splashes N13.1m on 262 Deltans
Osun APC hails Aregbesola’s 7th year in office
Reps caucus berates Tinubu over attack on Jonathan
Memorial service held for 26 Nigerian girls who died in Italy
They rained bullets on Ian Squire after he played’Amazing Grace with guitar ‘ British missionaries
Facebook to train 50,000 Nigerians in digital skills
Ogun NUT withdraws support for LG autonomy
Thisday
Adeniran, Agbaje, Daniel Emerge Front Runners in PDP Chairmanship Race
Attractive TB Yields Threaten Banks’ Savings Mobilisation
In Readiness for Return, Atiku Meets with PDP Bigwigs in N’East
NJC C’ttee to Fast-track Corruption Trials with New Practice Directions
FG Pays N164.7m Tuition Fees for Chibok Girls
Buhari: FG Tackling Suicide Bombings
Buhari to Participate in Nigeria EU-AU Summit in Abidjan Wednesday
Publish List of High Profile Corruption Cases, Senior Lawyer Tells NJC C’ttee
Daily Times
We want radical reduction in violence against women and girls FG
ABU best graduating student bags NNPC scholarship
NYSC DG urges Corps members to be security conscious
FG approves N164.7m school fees for Chibok girls at University level
Boko Haram attacks on soft targets, last kicks of a dying horse Buhari
President Buhari approves N164.7m school fees for Chibok girls at Atikus University
Death of 26 girls: NAPTIP boss in Italy, demands full disclosure, prosecution of culprits
How I rescued TCN from the cabal MD
Leadership
Borno To Convert Boko Haram Leaders House To Museum
Badoo Strikes Again, Kills Pastor In Lagos
Why Senate Passed Kabba Agric Varsity Bill Into Law
Buhari, Restoring Democratic Principles Against All Odds
Defection: PDPll Become Majority In NASS By 2018 Usman
Labour Hopeful FG Will Give Workers Living Wage
Niger Delta Agitators To PMB: Dont Extend Tenure Of NDDC Board
Axxela Invests N216bn To Boost Gas Infrastructure In Nigeria Osunsanya
Global Oil Industry On The Cliff
The Nation
Badoo kills pastor in fresh strike
Badoo: No tight security, no vigil, says police CP
Atiku splits PDP governors
NNPC fails to remit N1.7tr into Federation Account
Bank directors with bad loans to go
EFCC amends charge against Diezani, Belgore, Suleiman
Presidency: suicide bombing last act of a dying terror group
Libyan slave market’ footage sparks global fury
Nigeria housing finance conference for Abuja
BusinessDay
How Saraki saved Buhari from no confidence vote
Sinai attack: Egypt, Nigeria will stand together against terrorism- Envoy
Beer makers’ return on capital leaves room for improved efficiency
Nigeria IPO drought leave banks as only major capital source
Law Union & Rock Insurance looks to 35% GPR growth in 2018
Enibukun Adebayo: Entrepreneur changing Nigeria’s laundry narrative
CIPM calls for better collaboration with institutions of higher learning on curriculum development
What’s a Nigerian life worth
SPORTS
Abia Warriors Sign Mauritius Returnee, Four Others – Complete Sports
Abu Dhabi GP: Bottas denies Hamilton in season-finale – CNN
Abu Dhabi GP: Lewis Hamilton says he wasn’t 100% after winning title – BBC
Aero Contractors fleet drops to 2 – The Sun
AFN assures athletes of international competitions as season begins – Daily Trust
Akpeyi Injured In Chippa Utd’s Draw With Sundowns – Daily Independent
Allegri eagerly awaiting Napoli clash after comfortable Juve win – Goal
Amari Cooper Suffers Concussion After Crushing Hit During Broncos vs. Raiders – Bleacher Report
Amate Clinches CBN Governors Golf Cup – Thisday
Anaheim Ducks Apologize for ‘Insensitive’ Video Featuring Nude Ryan Kesler – Bleacher Report
Andre Ethier Denies ‘Totally Untrue’ Report He Plans to Retire – Bleacher Report
Angry’ Klopp Blames Referee For Chelsea Equaliser – Daily Independent
Arsenal Transfers: Gunners Reportedly Open to January Offers for Jack Wilshere – Bleacher Report
Asaba 2018 Senior Africa Athletics Championships : Delta will surpass AYAC record ‘Ogba – The Sun
Australia complete 10-wicket win in first Test – BBC
Barca earn point at Valencia after Messi shot crosses line but goal isn’t given – BBC
Barca salvage a point at Valencia – Kickoff
ENTERTAINMENT
A Nigerian University would issue a student with another person’s result & say there is nothing they can do about it – Linda Ikeji
A record number of visitors attend Venice Biennale art show – Associated Press
Actress Naya Rivera charged with domestic battery – CNN
Adebimpe Alafe: Loving Your Own Version of Beautiful – Bellanaija
Adefolake Adekola: Facts about Snakes & their Place in Balancing the Environmental Ecosystem – Bellanaija
Adesua Etomi’s Failed Promise From 2015 Goes Viral – Information Nigeria
Angry Fans Dig Up Pictures Of When Banky W Picked Wizkid From The Slum (See Photos) – Information Nigeria
Archbishop wears collar again 10 years after cutting it in protest against Mugabe – 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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