Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY WED. 25 APRIL 2018


Tracking Times – headlines
LOCAL HEADLINES:
LEADERSHIP
IPOB Begs Court To Suspend Proscription Order
Edo Govt Tasks Residents On Clean Environment
Enugu Police To Destroy Civil War Bombs
APC Youths To Amaechi: Concentrate On How To Defeat Wike
APC Better Off With Oyegun ‘ Airhiavbere
SERAP Asks Court To Compel Saraki, Others To Refund N13.5m Allowance
Dangote Exports 211kt Cement As Gross Revenue Rises By 16%
Nigeria, Others Lose $50bn To Illicit Financial Flow Annually ‘ AfDB
GUARDIAN
Rowdy session as Reps push for Buhari’s impeachment
GSMA against multiple taxation, encourages ICT sector as enabler
Suspected herdsmen kill two Catholic priests, 17 others
NDLEA officer allegedly kills Lagos council official
NDLEA officer allegedly kills Lagos State council official
Local content board targets retention of $14bn in oil sector
Nigeria’s participation on line as supreme court rules on Giwa, Pinnick case
NANS, NUPENG accuse govt of neglecting Niger Delta petroleum varsity
PUNCH
Protests in Benue as herdsmen kill two Catholic priests, 17 others inside church
Dino Melaye jumps out of police van, ends up in hospital
$462m aircraft: Buhari has committed an impeachable offence, say Reps
Governance in Nigeria is spiritual warfare Osinbajo
Alleged Badoo sponsor, Abayomi, loses N500m claims against police
Lagos makes N103.476bn revenue in three months
BSG urges SSouth people to back Buharis re-election bid
How to manage children’s savings accounts
My job is a very difficult one, says Osinbajo
NIM inducts 102 senior military officers
FIRS generates N1.17tn in three months
FG hasn’t done enough on infrastructure maintenance ‘ Fashola
NEMA DG, SEMAs disagree over N8bn relief materials distribution
DAILY POST
Okonjo-Iweala reveals those who planned to destroy her for fighting corruption
Top Headlines
Politics1 hour ago
Okorocha reveals what APC Governors discussed with Buhari
Ekiti guber: APC inaugurates screening, appeals committee [SEE LIST]
Immigration moves to implement ‘No national ID, no International passport’ policy
We will drag Dino Melaye to court without delay – Police
35 killed as herdsmen burn down entire Benue village
Dino Melaye: Nigeria Police explains how Senator attempted to escape
Tinubu bans APC chairman, others from seeking re-election
Benue killings: Ortom cuts short vacation
Dino Melaye in hospital after struggling with police
Dino Melaye, Police in rough struggle in Abuja [VIDEO]
VANGUARD
NEMA DG, Maihaja admits violating procurement law
21 dead in Borno state Boko Haram attacks
Whistle blower might not get up to 5% of recovered loot ‘ Presidential panel
With Nuclear power project, Nigeria leads future the world may depend on
2019: APC Governors endorse Buhari
Nigeria youths to get tech support from Tek Experts
Bale has to repair relationship with Zidane in Bayern vs Real Madrid derby
2018 FIFA WC: Eagles can shock England in Wembley friendly, says Mikel
How to access pension benefits with ease under CPS
APC national Chair: Nigerian Professionals root for Emokpaire
Omo-Agege: NASS set to tighten security
S’Court to decide APGA chairmanship tussle, July 13
Coalition mobilises grassroots for Ugwuanyi’s second term
Learning from 2015 mistakes will help take over Imo’APGA
Nimbo community mark 2 years of herdsmen attack
WORLD HEADLINES:
CNN
Verdict expected in Indian guru rape trial amid heightened security
Outrage as Chinese university tries to silence student #MeToo activist
Drug freak out: Takeda’s $64B bid for Shire spooks investors
Why James Comey is not done with Donald Trump
Lawmaker: Trump’s Kim Jong Un comment is ‘jaw-dropping
China fears Kim is moving out of its orbit as South Korea, US talks loom
US switches Australia envoy pick at last minute to South Korea
Melania Trump masters the moment
Melania gives a peek of state dinner decor
Champions League: Salah shines as Liverpool run riot
Australia’s forgotten indigenous WWII veterans
Facebook is offering facial recognition again in Europe
Judge orders reopening of DACA, after 90-day delay
Nigeria church attack leaves 19 dead, including two priests
Actress granted bail in sex trafficking case
Hear Dana Carvey’s tribute to Bush family
John Mayer takes on new gig
Undeterred by Trump, caravan buses arrive in border city
Rapper Meek Mill released from prison after legal saga
Why cheap wine is getting more expensive
Facebook reveals its internal rules for removing controversial posts
AL JAZEERA
Macron makes case for new Iran deal after meeting Trump
US federal judge rules against Trump move to end DACA
Nicaragua unrest: Dozens of detained protesters released
Leeds United slammed for Myanmar post-season tour
The road trip from North Korea’s capital to the border
Suspect in murder of prominent Mexico reporter arrested
Egypt: Former top auditor sentenced to five years in prison
WHO: Venezuela malaria cases jump by 69 percent
Iran to Trump: Stay in nuclear deal or ‘face severe consequences’
Kuwait: Not resolving GCC crisis is destructive to region
BBC
US rapper Meek Mill released from prison
Singapore mourns Inuka, the world’s only ‘tropical polar bear
Crossing Divides: Can Nigeria’s new tin mine heal ancient wounds
Analysis: Liverpool win unlike any football I’ve seen before – Lawrenson
Asaram Bapu: Controversial Indian guru convicted of rape
Trump opens exit for embattled US veterans nominee Ronny Jackson
Nicaragua riots: Police free detained students and lecturers
Toronto van attack: ‘Love for all, hatred for none
Crossing Divides: Nigeria tin mine heals ancient wounds
Crossing Divides: Nigeria tin mine heals ancient wounds
#MeToo Japan: What happened when women broke their silence
Anzac Day marked in Australia and New Zealand
North and South Korea: The petty side of diplomacy
How accurate is the murder rate in Miss Fisher’s Melbourne
Facebook in PR crisis mode’, says academic at heart of row
WhatsApp to raise minimum age limit to 16 in EU
Canada developing quantum radar to detect stealth aircraft
BBC iPlayer streams sport in 4K HDR for first time
Ransomware infects Ukraine energy ministry website
Vodafone rated worst mobile provider by Which’ survey
TSB online banking chaos continues despite apology
ASSOCIATED PRESS
Kim, Moon seek to control optics at their historic summit
AP Exclusive: ’93 Amtrak crash survivor relives each new one
GOP unsettled by narrow win in US House race in Arizona
Embiid, Simmons led 76ers from Process to postseason success
Iraq’s move to rush oil bidding could deter some firms
Another judge rules against Trump on ‘Dreamers’ program
Supreme Court’s last argument is over Trump travel ban
Kim, Moon seek to control optics at their historic summit
Senators grow frustrated with lax Trump vetting on nominees
AP Exclusive: ’93 Amtrak crash survivor relives each new one
Burger King grows; Tim Hortons to get makeover
Judge rules against ending program to protect Dreamers
A unified Korea’ Leaders bring contrasting visions to summit
Canada van victims include grandmother, avid volunteer
Inmate: Prison officers complicit in cellphone problem
Waffle House suspect: Erratic behavior years before shooting
Fingerprints lead to arrest in 1986 California killing
Senate confirms new director of National Security Agency
In northern Myanmar, forgotten Kachin conflict intensifies
A Star is Born’ steals show in starry Warner Bros. slate
Ex-Yahoo paying $35M to settle SEC charges over 2014 hack
BUSINESS HEADLINES:
$496m arms fund: Reps say Buhari has committed an impeachable offence – BusinessDay
10 Beautiful Travel Destinations For Wine Lovers – Forbes
10 Must-Do Tasks For Your Rental Property’s Spring Cleaning – Forbes
10 Things To Consider If You Missed The Tax Day Deadline – Forbes
10 things you need to know in markets today – Business Insider
10-Year Bond Yield Hits 3%, Time To Sell Bond Funds – Forbes
10-Year Bond Yield Hits 3%, Time To Sell Bond Funds – Forbes
13 trucks line up under a bridge to stop a man from contemplating suicide on Michigan freeway – Business Insider
2 Things You Can Control With Your Money – Forbes
2018 Hiking Gear Guide For Day Trippers And Weekend Warriors – Forbes
2018 Hiking Gear Guide For Day Trippers And Weekend Warriors – Forbes
2019 Presidency: Atiku takes campaign to Chatham House – BusinessDay
22 Mother’s Day gifts that new moms will undoubtedly appreciate – Business Insider
3 Innovative Peer-To-Peer Fundraising Models For Nonprofits – Forbes
3 Lessons on Building Your Business for Creative Entrepreneurs – Entrepreneur
3 Rulings Show The Importance Of Checking IRA Beneficiary Forms – Forbes
3 Ways To Stand Out From All The Other Salespeople – Forbes
4 Entrepreneurs Share Which Social Media Outlet Garners The Most Business – Forbes
SPORTS
120 athletes for national triathlon event – Punch
2 Men Arrested on Suspicion of Attempted Murder Before Liverpool vs. Roma – Bleacher Report
2018 FIFA WC: Eagles can shock England in Wembley friendly, says Mikel – Vanguard
4 things that could decide Liverpool vs Roma match – Daily Trust
Access Bank, Development Bank back Okpekpe – Punch
Access Bank, Development Bank Join Okpekpe Race Train – Complete Sports
Access, Development Bank join Okpekpe Race train – New Telegraph
Access, Devt Banks Join Okpekpe Race Train – Daily Independent
Adrian Beltre Leaves Game vs. Athletics After Suffering Hamstring Injury – Bleacher Report
Akeredolu to launch National Athletics Development Centreon Monday – The Authority
Analysis: Liverpool win unlike any football I’ve seen before – Lawrenson – BBC
Arsenal vs. Atletico Madrid: Team News, Live Stream, TV Info for Europa League – Bleacher Report
Bale has to repair relationship with Zidane in Bayern vs Real Madrid derby – Vanguard
Barcelona eyeing Chelsea star Alonso as long-term Pique replacement – Goal
Barcelona eyeing Chelsea star Alonso as long-term Pique replacement – Goal
Baroka suffer third straight loss at Athlone – African Football
Bayern vs Real Madrid : Ronaldo’ Real must worry about Lewandowski – Vanguard
Ben Simmons, Joel Embiid End Dwyane Wade, Heat’s Playoff Hopes in Game 5 – Bleacher Report
ENTERTAINMENT
#BBNaija Top 5: Miracle, Cee-C, Tobi, Alex And Nina Storm DSTV Office In Style For Official Visit (Photo) – Information Nigeria
#BBNaija: Alex Reveals Who She Will Date Between Leo And Tobi – Information Nigeria
#BBNaija: Alex reveals why she will choose to date Leo instead of Tobi – Information Nigeria
#BBNaija: Alex Shares Beautiful Picture as She Steps Out for Her Media Tour – Gistlover
#BBNaija: Anto Clears the Air On Interest in Miracle and Tobi, Sets The Record Straight – Gistlover
#BBNaija: Basketmouth defends Cee-C, says there’s a Cee-C in every woman – Information Nigeria
#BBNaija: Cee-C writes a short post of gratitude to her supporters – Information Nigeria
#BBNaija: Check Out How Juliet Ibrahim Reacted To Miracle’s Emergence As Winner – Information Nigeria
#BBNaija: How Cee-C Was Treated At The Airport (Video) – Information Nigeria
#BBNaija: I’m Troublesome, I Brought Wahala Into The House ‘ Cee-C Admits (Video) – Information Nigeria
#BBNaija: Ifu Ennada Reacts to Being Called A ‘Famziat’ Over Her Picture with Miracle – Gistlover
#BBNaija: Princess releases new seductive photos, looks HOT! – Information Nigeria
#BBNaija: See The Moment Cee-C Was Presented With The Cheque Of N2million By Her Fans (Photos) – Information Nigeria
#BBNaija: See What Governor Okorocha Said About Miracle After He Won BBN – Information Nigeria
#BBNaija: Show Host, Ebuka Pens Short Note As Show Ends – Information Nigeria
#BBNaija: Tboss wants to have a one-on-one conversation with Tobi and Cee-C – Information Nigeria
#BBNaija: Tonto Dikeh blasts Tunde Ednut for saying Nina should stop using an Android phone – Information Nigeria
#BBNaija: Watch The Moment Tobi And Alex Arrived At The Airport (Video) – Information Nigeria
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.
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Nigeria’s economy stagnated – Bill Gates
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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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