Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY TUESDAY 6 MARCH 2018

LOCAL HEADLINES:
DAILY TIMES
Nigerias 2019 polls remain our priority, US declares
More people killed in Taraba than Benue, Zamfara Buhari
Edo Govt committed to attaining self-sustenance with IGR Shaibu
How we tackled militancy, insecurity in Bayelsa Dickson
Lagos, UK firm sign N2.5bn MoU to provide 10,000 street lights
Google launches artificial intelligence, machine learning course
Hate speech Bill; Issues and concerns
DAILY POST
EFCC arrests woman who accused snake of swallowing N36m in JAMB office
Jonathan achieved nothing with state of emergency – Presidency replies Clark
Boko Haram: Bomb blast rocks Muna Garage in Maiduguri
Security operatives storm residence of ex-NIA DG, Dauda
PDP reacts to Buhari’s planned visit to Taraba, other states
Fani-Kayode reacts to Osinbajo’s comment on Buhari giving Christians juicy appointments
Buhari visits Benue, Yobe, others after public criticism
I’m thinking about running for political office – Oby Ezekwesili
VANGUARD
Charge any Fulani man with AK-47 to court ‘ Buhari
Omoku: We can now join APC and not get killed ‘ONELGA residents
Timber market fire: Ugwuanyi directs immediate rebuilding of shops
FG to demolish more structures in Enugu int’l airport
N11.5bn FRAUD: Alao-Akala re-arraigned in court
FERMA assures on maintenance of federal roads in Delta
No automatic tickets, Obiano tells APGA lawmakers
Forensic analysis vital in crime investigation ‘ IGP
Right to self-determination: Court okays suit against FG, fixes April 23 for hearing
EKITI 2018: I’ve no plan to dump APC ‘ Segun Oni
Bakare announces political movement to restructure Nigeria
THE NATION
Buhari: why I dont rush to visit violence-hit areas
Dapchi kidnap terrible, says U.S.
Tax: Govt targets property owners in highbrow areas
We wont depend on import again, says President
EFCC re-arraigns Alao-Akala, two others for alleged N11.5b fraud
IPI seeks Independent reporter Ezimakors release
Omo-Agege: Why Southsouth APC endorsed Buhari for 2019
THISDAY
At Last, Starting from Taraba, Buhari Kicks off Visits to Troubled States
LIRS Chairman, Subair, Explains Rationale for Hike in Land Use Charge
Despite Heavy Security Presence, Herdsmen Continue Killing Spree in Benue
ARISE Fashion Week Back With 45 Designers from 16 Nations
Oil Production Cost Per Barrel Down to $20, Says NNPC
Security Operatives Invade Residence of Ex- Acting NIA DG, Dauda
Tax Evasion: FG Targets Property Owners in Abuja, Lagos
Constitution Review: Rivers Assembly Approves 9, Reject 6 Amendments
Malabu: Italy Court Postpones Trial of Eni, Shell to May 14
PUNCH
Nigerias 2019 elections our major priority US
Thieves steal $5m from Lufthansa plane
N36m snake: EFCC arrests JAMB officials accomplices
More deaths in Taraba crisis than Benue, Zamfara Buhari
My parents early death, my major regret, says Obasanjo @ 81
EFCC gets court order to arrest Leo Ogor
Lawyers knock DSS for journalists continued detention
Alleged N3bn fraud: Court freezes Lagos State agencys account
Liberia needs 6,000 teachers from Nigeria, says George Weah
Bad leadership has turned Nigerians to beggars Afe Babalola
Clark calls for state of emergency in Borno, others
SAHARA REPORTERS
National Intelligence Adviser Funds: EFCC Quizzes Babagana Kingibe
Court Dismisses Senior Lawyer Rickey Tarfa’s No-case Submission In Fraud Trial
U.S. Interested in Nigeria’s 2019 Election – Secretary Tillerson
N2.9bn Fraud Trial: Millions Paid Into Kalu’s Slok Account in Many Tranches – Witness
President Weah Seeks Nigeria’s Help To Tackle Challenges in Liberia
“We See People In Wheelchairs Unable To Raise Hands Standing For Election. This Is A Joke; ‘The Whole World Already Laughing At Us”, Video Of MO Ibrahim’s Anger On Support For Old Men As Leaders In African Countries Goes Viral
Gov. Fayose Says ‘2019 Votes’ Behind Buhari’s Scheduled Visits To Troubled States
Party Drags Federal Govt., INEC, National Assembly To Court Over 2019 Election
Africa: A Continent Without Democrats By Reuben Abati
The Foolish President By Bayo Oluwasanmi
WORLD HEADLINES:
AL JAZEERA
Sri Lanka: Police inaction as Muslim shops torched by Buddhists
NATO chief says alliance troops staying in Iraq
ISIL video of Niger attack highlights US troops’ vulnerability
Demonstrations take place across the US in support of ‘DREAMers’
Kashmir: Thousands hit the streets after army killings
Gabriel Garcia Marquez: Why Google honours him today
New details revealed on 1996 coup attempt against Qatar
North Korea’s Kim Jong-un meets South Korean officials
Arrests in Turkey as US embassy closes over ‘threat’
Guatemala announces embassy move to Jerusalem
CNN
Steel tariff could cost Ford, GM $1 billion each
How Russia probe sparked ex-Trump aide’s on-air meltdown
France to set age of sexual consent at 15 after rape outcry
Yo-Yo Ma plays hospital show for tortured Turpin children
Luyendyk Jr. shocks viewers in ‘Bachelor’ finale
Z. Byron Wolf: Trump and Netanyahu have big problems
N Korea’s Kim: Time to ‘write a new history
Ex-Russian spy exposed ‘to unknown substance’ in critical condition
China’s global trade plan is piling huge debt on smaller nations
US aircraft carrier found at bottom of Pacific
16 and trying not to get pregnant
WSJ: Trump lawyer complained about lack of reimbursement for porn star payment
Activists wrap their dead in UN shrouds in protest
Republicans fear trade war from tariffs, but Trump ‘not backing down
This gymnast is the first man to accuse Larry Nassar of abuse
Frances McDormand’s Oscar stolen (and returned)
Meet the Indian cricket legend who’s turning to golf
Pharma Bro’ Shkreli must forfeit $7 million and Wu-Tang album
Sakura season: Your guide to cherry blossoms
Why crypto collectors are spending thousands on cartoon cats
N. Korea says US shouldn’t ‘misjudge’ its intention for dialogue
ASSOCIATED PRESS
Probe finds deadly Niger mission lacked proper approval
Republicans want Trump to back off his tariff proposal
In reversal, former Trump aide says he’ll probably cooperate
South Korea meeting thrusts North’s Kim into the limelight
Democrats’ big Texas turnout may not translate to many wins
#MeToo’s global impact: Big in some places, scanty in others
2 Senate seats up in Mississippi as GOP defends its majority
Freed Russian spy reportedly sickened after mystery exposure
US aides: Venezuela opens backchannel over jailed American
Man arrested, accused of stealing McDormand’s Oscar trophy
BBC
USS Lexington: Lost WW2 aircraft carrier found after 76 years
Panama hotel removes Trump branding after court battle
Afrin: What is going on in Syria’s other battle
Child marriage numbers falling, says Unicef
Kim Jong-un ‘wants closer North-South Korea ties
Trump-Russia: Former aide Sam Nunberg defies Mueller inquiry
Oscars 2018: US TV audience smallest for awards ceremony
Porn check critics fear data breach
NFL wowed by one-handed player Shaquem Griffin
Matic hits stunning injury-time winner as Man Utd beat Palace in thriller
Burger-flipping robot begins first shift
Russian spy incident: What we know
Clenbuterol found in Alvarez test – but Golovkin fight on
Trevor Baylis: Wind-up radio inventor dies aged 80
Syria crisis: Aid convoy inside Eastern Ghouta
The Oscar-winning special effects of Blade Runner 2049
Britain needs to go on a diet, says top health official
It’s difficult’: Muir does not speak to rival Dibaba over coach links
Oscars 2018: Highlights from the ceremony
Energy drinks: UK supermarkets ban sales to under-16s
Liam Livingstone: Uncapped batsman fit for England Tests in New Zealand
BUSINESS HEADLINES:
$1.3bn Malabu scam: Italian court shifts Shell, Eni’s trial – Punch
10 apps every new parent needs on their phone right now – Business Insider
12 amazing jobs that don’t even sound real – Business Insider
12 of the smartest things Elon Musk has said about the future of our planet – Business Insider
12 Stocks That Fit The Investment Strategies Of Buffett, Lynch, Dreman And O’Shaughnessy – Forbes
13 Marketing Strategies Real Estate Investors Can Use To Improve Their Business – Forbes
141 Lagos Retirees Get N841m Accrued Pension Rights – Leadership
15 Signs You’re Scaling Your Company Too Quickly – Forbes
17 Rare Whiskies Worth Flying to Scotland For – Forbes
2018 NFL Draft: Why Saquon Barkley To The Cleveland Browns At No. 1 Makes Perfect Sense – Forbes
2019 Bentley Bentayga V8: Bentley’s First SUV Now Offers Sportier Handling At A Lower Price – Forbes
3 Ways To Make Meetings Meaningful – Forbes
30 AND UNDER: Rising stars in NY tech who find hot startup deals and manage millions of dollars – Business Insider
30 Most Promising Young Entrepreneurs In Africa 2018: Nominate Now – Forbes
30 rising stars in the New York tech investing scene worth watching – Business Insider
3M chooses Roman to replace Thulin as chief executive – Associated Press
5 Things You Should Appreciate More, Starting Right Now – Entrepreneur
SPORTS
2018 ACC Tournament Odds: Duke the Favorite over Virginia on Betting Lines – Bleacher Report
2018 MLB Pennant Odds: Astros, Yankees, Dodgers Leading the Betting Favorites – Bleacher Report
4 Key Battles That Could Decide Real Madrid’s Clash With Paris Saint-Germain on Tuesday – FTBpro
42-Year-Old Matt Bryant, Falcons Agree to 3-Year Contract Extension – Bleacher Report
Aaron Samuel happy with Amkar Perm debut – The Authority
Adepoju lauds Eagles friendlies against Poland, Serbia – Daily Trust
African Fencing C’ship: Nigeria wins bronze in team event – New Telegraph
African Fencing Tourney: Nigeria Wins Bronze In Team Event – Daily Independent
AIPAC speakers praise Saudi Arabia and UAE leadership – Al Jazeera
Aldon Smith Released by Raiders After Alleged Domestic Violence Incident – Bleacher Report
Arsenal Transfer News: Barcelona Favourites for Hector Bellerin, Latest Rumours – Bleacher Report
Astori: Italian police open manslaughter probe – New Telegraph
Awoniyi gets three-match ban, fine in Belgium – New Telegraph
Bayelsa plans viewing centres for World Cup – Punch
Binga bags best referees award – The Authority
Blueprint for Booking WWE’s Matt Hardy vs. Bray Wyatt Final Deletion Match – Bleacher Report
Boxer Jermall Charlo Robbed of $150K in Cash, Jewelry at Jay-Z’s Nightclub – Bleacher Report
Boxing Day football for Italy, shorter transfer window – Vanguard
ENTERTAINMENT
#BBNaija ‘ Day 36: Life Goes On, BamBam Them Gang and More Highlights – Bellanaija
#BBNaija2018: ‘You Should Be Like Ifu Ennada’ ‘ Teddy A Tells Bambam – Information Nigeria
#BBNaija2018: Bambam & Rico Give Reasons Miracle Must Be Up For Eviction – Information Nigeria
#BBNaija: ‘I Was Here For Money But Now In Love With Miracle’ ‘ Nina (Watch Video) – Information Nigeria
#BBNaija: Angel Speaks On His Eviction, Reveals How Annoying Other Housemates Are – Gistlover
#BBNaija: Bambam Is the New Head of House – Gistlover
#BBNaija: Bobrisky Blasts Evicted Housemate, Khloe Bitto And Dee-One. – Information Nigeria
#BBNaija: Bobrisky Dumps Kcee For Housemate Nina – Information Nigeria
#BBNaija: Fans Troop Out to Welcome, Ahneeka as She Arrives Lagos – Gistlover
#BlackPanther: A good film with many lessons for Nigeria ‘ Atiku Abubakar writes – Gistlover
#FreeTonyEzimakor: Our mumudondo movement to occupy DSS on Wednesday – Linda Ikeji
#MeToo, Dreamers, Trump And Kobe: Key Oscar moments – Channels TV
18+: Love & Hip Hop Star, Moniece Slaughter Releases Lovely Picture With Girlfriend – Osun Defender
2 days to take a selfie with the authentic FIFA World Cup Trophy – Information Nigeria
2018 World Cup: NFF President Reveals Super Eagles Players That Will Cage Messi – Information Nigeria
23-year-old man getstwo yearsin prison for stealing cell phonesin church in Ogun state – Linda Ikeji
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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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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