Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY FRI. 27 APRIL 2018


Tracking Times – Headlines
LOCAL HEADLINES:
DAILY POST
Biafra: IPOB warns Nigerian government against witch-hunting Abaribe, Chidoka
Benue killings: Biafra youth reveal what would happen if herdsmen attack any Eastern state
BREAKING: Senator Nwaoboshi gets bail
Top Headlines
BREAKING: Oyo Assembly Speaker, Michael Adeyemo dead
Okonjo-Iweala reveals how Babangida, others deceived Jonathan
‘I would have been part of herdsmen attacking people’ – Buhari
Herdsmen killing: Buhari speaks on killing of Rev. Fathers, tells Bunue people what to do
Benue killings: Catholic Bishops call for Buhari’s resignation
Dino Melaye: Court sends Senator’s brother, three others to Kuje Prison
Why Buhari should be impeached now – Senator Owie
Uzodinma, Saraki, PDP ex-state chairmen loyal to Ali Modu Sheriff join APC
Benue killings: ‘Enough is enough, it’s time to defend our existence’ – Abba Moro breaks silence
Boko Haram: Two top Commanders dump Shekau, Nur, surrender to troops in Borno
Tension as Nigerian troops battle Boko Haram in Maiduguri
Shi’ites’ leader, El-Zakzaky charged with murder
Benue killings: Senate summons Buhari to joint session
Dino Melaye’s kinsmen react to senator’s ordeal
Ortom returns, spits fire over Benue killings
PUNCH
Killings: Catholic bishops ask President Buhari to resign
Buhari presiding over a killer govt Fayose
Benue: Killer herdsmen are sponsored, says military
I mightve been part of herders, farmers crisis Buhari
$496m aircraft purchase: Senators demand Buharis impeachment, Reps undecided
Buhari pledges to stop killings, NEC wants open grazing banned
El-Zakzaky, wife, two others charged with murder
Labour seeks N66,500 minimum wage
Melaye: IG shuns Senate invitation
Buharis empty boasts on Benue killings
Nigerias debt burden heavy, unsustainable, says Atiku
THE HERALD
Herdsmen Killings: Buhari’s Helpless, Presiding Over Killer Govt ‘ Fayose
Thank God Modu-Sheriff Defected Back To APC’ ‘ Fani-Kayode
IMN Leader El-Zakzaky Charged with Murder
PHOTOS: Kanye West And John Legend Get Into Trump Argument
Herdsmen Killings: Your Invitation Of Buhari In Order ‘ PDP Tells Senate
PHOTOS: Four Year Old Wears Rubber Band So Long It Becomes Embedded In Her Arm
Herdsmen Killings: Catholic Bishops Call For Buhari to Step Down
Persecution of Christians is on the rise’ ‘ Osinbajo
Dino Melaye’s Brother Sent to Prison
TRIBUNE
2019: APC, Abuja residents endorse Buhari for second term
Buhari is too old, analogue, incompetent, clueless ‘Fayose
Killings: Benue Assembly suspends plenary, summons Governor Ortom
Ajimobi approves beaded crowns, coronets for 48 obas in Oyo
Young, brilliant, credible hands should lead APC, Garba says
Osun lawmaker, Oyintiloye, bags Pan-African students leadership award
Insecurity: Senate invites Buhari to address joint NASS session
Vote out old politicians, Soyinka urges Nigerians
Ekiti 2018: APC leaders, aspirants meet in Ekiti, mull reduction of aspirants
Reps probe high cost of drivers’ license
2019 Presidency: I am battle ready ‘Buhari
Benue killings continue: 7 IDPs murdered in church while asleep
Macron attacks nationalism in speech to US Congress
THE AUTHORITY
$496m Illegal Expenditure: Senators demand Buhari’s impeachment
NEC bans open grazing nationwide
I’ll win again -‘ Buhari
Umahi wins The AUTHORITY Award
Kaduna Govt files murder charge against El-Zakzaky
IPOB appeals proscription
Apo Killings: FG pays N135m compensation to victims
Enugu Empowerment: Excitement as 200 traders win N10m in April
Oyo Govt approves beaded crowns, coronets for 48 Obas
How we arrived at Nigeria’s latest population figure ‘ NPC
WORLD HEADLINES:
CNN
China’s biggest tech companies have reason to be worried
Amazon is raising the price of Prime to $119
9GAG: From side project to internet phenomenon
US and Israeli officials intensify the drumbeat against Iran
The long, winding path to Bill Cosby’s guilty verdict
One step: How Kim Jong Un made history
Full story: ‘Why was it so difficult to get here” Kim Jong Un asks
CNN news quiz for week ending April 27, 2018
South Korea’s Moon praises North Korean leader’s ‘courageous and bold’ decisions to cross DMZ
Where is Kim Jong Un’s wife, Ri Sol Ju
In pictures: The historic Korean summit
Emotions high after Cosby verdict
Trump: Cohen represented me in ‘crazy Stormy Daniels deal
US steps up surveillance of Iranian assets in Syria over concerns of strike against Israel
Pompeo confirmed as US secretary of state
Otto Warmbier’s parents sue N Korea
Report: Police turned to genealogy websites to track down Golden State Killer suspect
Amazon is raising the price of Prime
Cosby tried to make it about race ‘ not rape
OK, Apu is funny — but there’s still a big problem
9 teenagers dead as flash floods hit Israel and West Bank
BBC
World Cup 2026: US, Canada & Mexico make ‘strong’ bid – President Trump
Real-life Transformer: The Japanese robot that becomes a car
Bristol to bid for 2021 Rugby League World Cup matches
From ballet to baller – five inspiring stories from the week
Sinclair Spectrum designer Rick Dickinson dies in US
Canada data firm AIQ may face legal action in UK
Snapchat releases new Spectacles 2.0
Facebook’s Zuckerberg faces formal summons from MPs
Video game loot boxes declared illegal under Belgium gambling laws
Nintendo Switch fuels strong rise in profits
Iran blocks video and images on Telegram messaging app
Migrant rules ‘leaving NHS short of doctors
Leaky roofs, pest control ‘risking NHS patient safety’ – Labour
North Korea’s Kim Jong-un crosses into South Korea
Fake cancer causes belief ‘rife’, research suggests
Golden State Killer suspect traced using genealogy websites
Alfie Evans: Parents and doctors to discuss sending toddler home
Special master appointed in Trump lawyer Michael Cohen’s case
Blood scandal victims need more cash, says Haemophilia Wales
Spain ‘wolf pack’ case: Thousands protest over rape ruling
Double amputee crawls up Colorado’s 2,700-step Manitou Incline
ASSOCIATED PRESS
Korean summit starts with a handshake, after year of tension
Use of DNA in serial killer probe sparks privacy concerns
APNewsBreak: Trump lawyer gave loans to pot-linked cab mogul
#MeToo leaders: Cosby’s conviction will bolster the movement
In emotional reunion, Spielberg revisits ‘Schindler’s List
Comparing Cosby’s 2 trials: More accusers and a conviction
The Latest: Moon, Kim vow more meetings in summit talks
Korean summit starts with a handshake, after year of tension
7 striking facts about the money tech companies are making
Tom Brokaw denies sexual misconduct claim by ex-NBC reporter
A look at DNA testing that ID’d a suspected serial killer
Starring inmates, ‘O.G’ puts incarceration under a new lens
Amazon raising price of annual Prime membership to $119
Cosby’s life of achievement stained by assault conviction
Tons of legal marijuana leave regulators awash in data
Microsoft Windows adapts as its business importance declines
Tom Brokaw denies sexual misconduct claim by ex-NBC reporter
The Latest: Ravens close 1st round with QB Lamar Jackson
Comic who called Cosby rapist credited after his conviction
Starbucks key sales figures surpasses market expectations
UK lawmakers call on Zuckerberg to appear before them
AL JAZEERA
Could the Korean talks help resolve decades of conflict?
New US secretary of state Pompeo to visit Saudi, Israel
Anger as UK university research ends up with arms group
Pakistan foreign minister disqualified from parliament
Latin America suffered 2.5 million homicides since 2000: study
Russia takes Syrians to OPCW, Western allies denounce ‘stunt’
Iran releases messaging app to replace Telegram
Qatar Airways suffers ‘substantial loss’
Macron urges US to preserve Iran nuclear agreement
Ten aid workers missing in South Sudan
BUSINESS HEADLINES:
$3 billion DocuSign prices its upcoming IPO at $29 per share ‘ above the range it originally gave Wall Street – Business Insider
$496m aircraft purchase: Senate, House of Reps seek further guidance on next steps – BusinessDay
$852 million startup Smartsheet expects to raise $150 million from its big IPO on Friday – Business Insider
10 things in tech you need to know today – Business Insider
15 Things To Consider Before Closing A Real Estate Transaction – Forbes
2 Top Buys For 100%+ Dividend Growth – Forbes
2018 Mock Stock Draft – Forbes
2018 Mock Stock Draft – Forbes
2018 NFL Draft: Interactive Map Of Hometowns For 10 Years Of Draft Picks – Forbes
2018 NFL Draft: Interactive Map Of Hometowns For 10 Years Of Draft Picks – Forbes
2018 Porsche Panamera — A Sub-$100,000 Sedan Tuned For The Enthusiast – Forbes
27% Of Major League Baseball Players Are Foreign-Born – Forbes
3 Innovative Ways Blockchain Will Build Trust In The Food Industry – Forbes
3 Ways Sustainable Finance Can Accelerate Fourth Wave Of Environmentalism – Forbes
4 Tricks To Identify The Best Candidate For The Job – Forbes
5 Ways To Get The Most Out Of Your Mentor Relationship – Forbes
5 Ways To Get The Most Out Of Your Mentor Relationship – Forbes
6 Reasons Ford CEO Jim Hackett Decided To Deep-Six The Company’s Sedans – Forbes
SPORTS
Europa League: Arsenal vs Atletico Madrid – Daily Trust
100 students participate as Olympafrica Futbonet berths in Lagos – The Nation
200m will not get you Mohamed Salah, Liverpool tell Real Madrid – Daily Trust
2018 NFL Mock Draft Round 2: Day 2 Predictions After Round 1 Results – Bleacher Report
22 teams set as national handball league begins – Punch
Adekanola, Nigerias pillar of golf clocks 62 – Daily Trust
Aiyegbeni: Don’t Pile Pressure On Super Eagles; Team Need Ideye – Complete Sports
Ambode Approves Contract Coaches For Lagos – Daily Independent
Antoine Griezmann gives Atletico Madrid the advantage as Arsenal waste golden opportunity – Yahoo
Antoine Griezmann Snatches Draw for 10-Man Atletico Madrid Against Arsenal – Bleacher Report
Arsenal 1 Atletico Madrid 1: Griezmann smuggles vital away goal for 10-man Atleti – Goal
Arsenal 1 Atletico Madrid 1: Griezmann smuggles vital away goal for 10-man Atleti – Goal
Arsenal punished by 10-man Atletico Madrid in Europa League semi – Punch
Arsenal throw away best shot at reaching Europa League final – Goal
Arsenal throw away best shot at reaching Europa League final – Goal
Arsenal’s frustrating Europa League semi-final setback in pictures – Yahoo
Athlete of the Century’ honored by Google – CNN
Atletico clinch away goal in Arsenal draw – Kickoff

Tracking Times – Entertainment
ENTERTAINMENT
#BBNaija : Nina gives reasons why she will not reconcile with Collins – Information Nigeria
#BBNaija Why I won’t reconcile with Collins- Nina – Information Nigeria
#BBNaija: Alex speaks on getting negative vibes from Nina (Video) – Information Nigeria
#BBNaija: Alex speaks on why she is getting negative vibes from Nina [Video] – Gistlover
#BBNaija: BamBam Storms Popular Night Club, Quilox In Hot Outfit (Photos) – Information Nigeria
#BBNaija: Cee-C reveals she’d be going for counseling after Media Tour – Nigerian Pilot
#BBNaija: Cee-C Reveals Why She Always Fought Tobi Back in The Reality Show – Gistlover
#BBNaija: Cee-C speaks on tearing the clothe payporte gave to her – Information Nigeria
#BBNaija: concerned Fans, beg Nina to get a PR manager before she fades away – Gistlover
#BBNaija: Finally, Nina Reveals Why She Will Not Reconcile with Collins – Gistlover
#BBNaija: I took permission from Alex Popular Nollywood act reacts to sitting on Tobis laps – Daily Times
#BBNaija: Ifu Ennada Replies Fan Who Questioned Her Age as She Shares a Throwback Photos – Gistlover
#BBNaija: Miracle Caught On Camera Doing This With Ahneeka (Video) – Information Nigeria
#BBNaija: Miracle talks about his future with Nina, Going Abroad and more ‘. – Gistlover
#BBNaija: Payporte reveals their love for Cee-C – Information Nigeria
#BBNaija: See How The Trending Ex-Housemates Dressed Today (Photos) – Information Nigeria
#BBNaija: Tobi finally addresses his relationship with alleged girlfriend, Regina – Nigerian Pilot
13 Children And Driver Dead As Bus Collides With Train In Broad Daylight – 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.
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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