Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY TUE. 1 MAY 2018

LOCAL HEADLINES:
VANGUARD
IPOB tackles Trump for inviting Buhari to US
INEC insists on transmitting Ekiti, Osun poll results electronically
My husband filmed me while making love with him, leaked video to friends, woman tells court
Wike berates FG over alleged collapse of national security
Melaye’s botched recall: Bello’s appointees go underground
Edible oil producers compete with endorsement, product fortification
Why I offered to serve in Jonathan’s govt ‘Okonjo-Iweala
Stop killings or resign, body of Catholic priests tell Buhari
Police demand N300,000 for autopsy, father of slain undergraduate alleges
Minimum wage: We’re prepared to fight for better working condition’Wabba
Declare herdsmen terrorists, Methodist Bishops tell Buhari
CAN S-South protests killing of Christians by herdsmen
SAHARA REPORTERS
Trump: We Won’t Watch While Christians Die
US Groups Task Trump To Tell President Buhari To Confront Insecurity
Cut Down Corruption And Killings In Your Country ‘ Trumps Tells Buhari
2019 Election Will Be The Easiest For Buhari – Festus Keyamo
Nigeria Has Reputation For Very Massive Corruption – President Trump
Controversies Over Buhari’s Withdrawal Of Funds From ECA Political, Says Keyamo
Buhari: Herdsmen Don’t Carry AK-47
#Bringbackourgirls Advocacy: Reflections On A Four-Year Sojourn By Olatunji ‘Lanre-Baruwa
DAILY POST
Trump warns Buhari over killing of Christians in Nigeria
Full speech of Buhari’s meeting with Trump
What Buhari told Trump about Nigeria’s economy, stolen funds, security
Why I didn’t discuss “shithole” comment with Trump – Buhari
Why I wrote book on Jonathan’s government – Okonjo-Iweala
Ohanaeze: Igbos in the North lament bomb explosion at home of Nwodo
Court orders interim forfeiture of Patience Jonathan’s Abuja houses
Dino Melaye: How Senator escaped being killed by police – Senator Bruce
Court convicts Nwobike of justice perversion
GUARDIAN
Killing of Christians in Nigeria is unacceptable, says Trump
How to end malpractices in WASSCE, by experts
Bello moves against aides over failed attempt to recall Senator Dino Melaye
How FG compromises security, by Wike
Police guard Glass House as NFF allays fears over World Cup ban
Betaglas, Julius Berger others lead stock market’s N8 billion gain
Police arrest suspected shop burglars in Trade Fair complex
Garlic slashes risk of cancer, heart disease, type 2 diabetes
THISDAY
US Concerned About Continuous Killings of Christians in Nigeria, Says Trump
Fidelity Bank PBT Hits N20bn in 2017, Declares N3.2bn Dividend
NAF Takes Delivery ofTwo Helicopter Gunships from Russia
Saraki: National Assembly to Work for Improved Welfare for Workers
Revealed: Teleology Offered $301m to Win 9mobile Bid
US Visit: Presidency Laying Claim to Imaginary Gains, Says PDP
FG, GE-led Consortium Sign Interim Agreement on Railway Concession
THE HERALD
2015: Why Jonathan Alone Deserves Credit For Conceding Defeat To Buhari ‘ Okonjo-Iweala
We Are Interested In OAU Sex-For-Marks Scandal ‘ Edo Governor
Pregnant Girl, 17, Drinks Sniper, Dies After Parents Chased Her From Home In Rivers
What I Told Buhari In 2011, 2015 ‘ Oba Of Lagos
Killing Of Christians By Insurgents, Herdsmen Condemnable ‘ Muslim Senator
Buhari’s US speech is rice without stew by Fredrick Nwabufo
PHOTOS: Christians Take to the Streets In Fight for Their Lives
Emzor making billions turning Nigerian youth to junkies ‘ Report
WORLD HEADLINES:
CNN
Carmakers and big tech struggle to keep batteries free from child labor
Tokyo hosts crying baby Sumo festival
Dubai unveils its newest old hotel: the QE2
Sure, your electric car is green. But is it ethical
Governor on artisanal cobalt mining: ‘We have nothing to hide
How Xiaomi beat Samsung in India
The deadliest day for journalists since the 2015 Charlie Hebdo attack
How pay stacks up at Facebook, Google and Amazon
The coded ways we talk about jobs
Ashley Judd suit claims Harvey Weinstein ‘torpedoed’ career
Inside the dirty trade fueling our clean energy future
Kim agrees to meet Trump at DMZ, source says
Vatican treasurer Cardinal George Pell arrives at court to hear if he’ll go to trial
Netanyahu claims Israel has evidence Iran is ‘brazenly lying’ about nukes
Apple faces Wall Street ‘panic’ over iPhone
White House chief of staff says report he called Trump an idiot is ‘total BS
Analysis: Iran and Israel draw closer to war than ever
103 Uber drivers in US accused of sexual assault or abuse
US charges 11 possible caravan members with illegal entry
Mnuchin not worried about China retaliating on trade by dumping US Treasuries
WhatsApp CEO is leaving Facebook
AL JAZEERA
Fears of far-right violence as US gears up for May Day protests
Syria unveils Yarmouk camp evacuation deal
Israel escalates rhetoric in war of nerves with Iran
Trump calls on Nigeria to remove trade barriers
Twin ISIL suicide blasts kill 29 in central Kabul
Interpol: Hundreds of human trafficking victims saved
Russians hold rally against messaging app ban
Supreme leader: US pushing Saudis to confront Iran
Abducted aid workers released in South Sudan
UK home secretary resigns in wake of Windrush scandal
BBC
South Korea to take down North-facing propaganda speakers
Israel’s Iran documents show nuclear deal was lies, says Mike Pompeo
Genetic secrets of the rose revealed
Rising levels of ‘frustration’ at UN climate stalemate
Rome police ‘can guarantee Liverpool fans’ safety
Logan Paul ends daily YouTube vlog series
China shuts down Player Unknown cheat code gang
Tesla driver banned for M1 autopilot seat-switch
Cardinal Pell ordered to stand trial on sexual assault charges
How your diet could influence the age of your menopause
Trump delays decision on steel and aluminium tariffs
Cancer researchers need phones to process data
Scotland ends cheap booze as minimum price starts
Ashley Judd sues Harvey Weinstein for ‘damaging’ career
Iran nuclear deal: UK backs deal despite US and Israel accusations
God of War: Games no longer where actors careers ‘go to die
Armenia crisis: Opposition leader set to become new PM
Ruaridh Brown: Father saves baby son’s life with CPR
Alli and Kane help Spurs claim scrappy win over Watford
WhatsApp boss and co-founder Jan Koum to quit
Islam Slimani: Newcastle forward charged with violent conduct
ASSOCIATED PRESS
US May Day immigration protests target Trump, fall elections
Feds process asylum-seekers from caravan criticized by Trump
AP Analysis: Iran has few options to avenge Syria strikes
Rising pension costs play role in teacher protests across US
BP gets Q1 boost from higher oil prices and more production
Tony Award nominations Tuesday promise clash of big brands
Workers in Philippines, elsewhere rally to mark May Day
Senior politicians in Brazil could soon face swifter justice
Pentagon: Claims of retaliation for complaints on rise
Rozier (29 pts)
Germany expects permanent EU exemption from US tariffs
Korean Air heiress apologizes before police questioning
Survivor of 10-year Ohio captivity looks ahead in new book
White House delays tariffs on EU, Canada and Mexico
Kelly calls ‘BS’ on report he called Trump an ‘idiot
WhatsApp CEO Jan Koum to leave Facebook amid privacy flap
Govt argues that AT&T-Time Warner deal would hurt consumers
Ashley Judd sues Weinstein saying he wrecked her career
New Zealand plans ‘Amazon Tax’ for people buying online
AP Explains: The proposed Sprint and T-Mobile $26.5B deal
Rozier (29 pts)
BUSINESS HEADLINES:
Nsync Launches Merchandise Capsule Collection, Coinciding With Star on Hollywood Walk of Fame – Forbes
10 things in tech you need to know today – Business Insider
11 cars you can buy for less than R200,000 in South Africa – BusinessTech
11,412 students enrol for Interswitch contest – Punch
15 of the coolest small businesses in the US right now – Business Insider
15 popular jobs that didn’t even exist 20 years ago – Business Insider
17 unique Mother’s Day gifts that are Prime-eligible and guaranteed to arrive in time – Business Insider
2018 Acura TSX A-Spec Review – Quietly Great – Forbes
2018 Acura TSX A-Spec Review – Quietly Great – Forbes
2018 Nissan Armada Platinum Reserve Review – Comfortably Capable – Forbes
2018 Nissan Armada Platinum Reserve Review – Comfortably Capable – Forbes
2018 Toyota Camry Test Drive And Review: A Detroit Story – Forbes
2018 Toyota Camry Test Drive And Review: A Detroit Story – Forbes
21st Century Technologies, Nexusguard mull DDoS scrubbing centre for Nigeria – The Nation
24 mind-blowing facts about Warren Buffett and his $84.7 billion fortune – Business Insider
3 Leading Reasons Mortgage Applications Are Denied – Forbes
3 Mental Hurdles That Get In The Way Of Dreaming Big – Forbes
3 Possible Refining Takeover Targets After Marathon-Andeavor Merger – Forbes
SPORTS
25 countries register for 2018 African Senior Athletics Championships – Daily Trust
25 countries register for Asaba 2018 – Punch
5-Star SG Romeo Langford Commits to Indiana over Vanderbilt and Kansas – Bleacher Report
Abayomi, Quadri Win ‘NextGen’ Masters Tourney – Daily Independent
Abia Warriors Win Over Rivers Untied 2-1 In Closed-Door Match – Nigerian Pilot
Akwa United ‘fought really hard’ to hold Enyimba – Micheal Ibe – Goal
Alex Iwobi set to travel with squad to Spain – The Nation
Alex Iwobi set to travel with squad to Spain – The Nation
Alli and Kane help Spurs claim scrappy win over Watford – BBC
Alli and Kane push Spurs closer to Champions League – Yahoo
Andy Carroll sent home from training after furious argument with David Moyes – Yahoo
Are the Dodgers’ Title Hopes Dashed After Losing Corey Seager for the Season – Bleacher Report
Arsenal Favourite Admits He’s Hopeful of Playing for Gunners Before Arsene Wenger Departs – FTBpro
Arsenal Transfer News: Improved Jack Wilshere Contract Offer Rumoured – Bleacher Report
Arsene Wenger receives gift from Mourinho, Ferguson – Daily Trust
Asaba 2018 set to be biggest ever – New Telegraph
Asaba 2018: 25 Countries enter for African Senior Athletics Championships – The Nation
Balotelli wants to return to Italy – Punch
ENTERTAINMENT
BBNaija’s Nina to Fans ‘ ‘I want to apologize for sounding offensive or coming across as insensitive in some of my interviews – Bellanaija
#BBNaija: ‘ I will pay my Tithe’ ‘ Winner, Miracle – Information Nigeria
#BBNaija: ‘Miracle And I Had Sex Several Times, We Are Just Human’ ‘ Nina [Video] – Gistlover
#BBNaija: Big Brother Naija 2018 ex-housemate, Bambam blasts Nigerians – Gistlover
#BBNaija: How Housemates Were Picked For The Show ‘ Ebuka Reveals – Information Nigeria
#BBNaija: Miracle picks up his car prize, 25 Million Naira cheque – Information Nigeria
#BBNaija: Possessive Teddy A Pulls BamBam Away From Her Fans While They Were Taking Photos (video) – Information Nigeria
#PMBInDC: WATCH Presidents Trump & Buhari’s Joint Press Conference at White House – Bellanaija
10 Important Things You Might Want To Delete From Your Facebook Account To Protect Your Privacy – Information Nigeria
104 Year-Old Scientist To End His Life ‘After Living Too Long’ On Earth (Photo) – Information Nigeria
104 Year-Old Scientist To End His Life ‘After Living Too Long’ On Earth (Photo) – Tori
104-Year-Old Scientist Who Is Tired Of Being Alive Heads To Switzerland To End His Life (Photo) – Information Nigeria
11-Year-Old Girl Who Tried To Commit Suicide Rescued In Delta State (Photos) – Information Nigeria
17-Year-Old Girl Allegedly Commits Suicide By Drinking Rat Poison – Information Nigeria
2018 FIFA World Cup: Wives, girlfriends of England players to get special security in Russia – Pulse
2018 WMD: Mortein, State Ministries of Health Partner for a Malaria Free Nigeria – Linda Ikeji
2019 election will be the easiest for President Buhari – Festus Keyamo – 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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