Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY WED. 2 MAY 2018

Tracking Times – Headlines
LOCAL HEADLINES:
DAILY POST
Biafra: IPOB reacts to Trump’s warning to Buhari on killing of Christians
How Buhari represented herdsmen at the White House – Afenifere
Buhari reacts to Adamawa bomb blast
10 killed as herdsmen attack Guma in Benue
May Day: Buhari addresses Nigerian workers, speaks on minimum wage
Bayelsa Governor’s aide asassinated in Bayelsa
Media reported what they liked on my comment on youths – Buhari
Many feared killed as bomb blast rocks Mubi town, Adamawa
How Gov. Abubakar deceived Buhari during visit to Bauchi – PDP
May Day: Dogara speaks on minimum wage bill
Ex-Minister distances self from alleged Northern plot to replace Buhari
THISDAY
Voting Rights of the Nigerian Diaspora
60 Worshippers Killed in Twin Bomb Attacks in Mubi
Osinbajo: Presidency, Security Council Restructuring Nigeria’s Security Architecture
Chairmen, CEOs of Union, Skye, Diamond, Others Risk Sanctions, Removal
Finally, FG Bans Production of Cough Syrups Containing Codeine
2019: PDP Moves to Initiate Fresh Coalition Talks
No Fire Incident at Our Head Office, Says CBN
Sokoto Offers Special Prayer for Late Imam Imam
Envoy Targets $1tn Nigeria-South Africa Trade Volume
Police Set to Forcibly Move Melaye to Lokoja With Helicopter
SAHARA REPORTERS
Nigerians Speak On Buhari’s Performance At Press Conference With Trump
Most Northern Youths Are Uneducated, Says Buhari
Gunmen Assassinate Gov. Dickson’s Aide In Bayelsa
Taxes Driving Businesses Out Of Lagos – Labor Union
“Fire Incident” Was Smoke From Generator, Says Central Bank Of Nigeria
Aviation Unions Accuse AMCON Of Starving Aero, Arik Of Funds To Stabilize
Police Confirm 24 Dead In Adamawa Bomb Attack
Dino Melaye: Drama Ensues As Lawyers, Policemen Clash In Court
Looters’ List: Dokpesi Drags Federal Govt To Court
Muslim Group Says Trump’s Statement On Killings In Nigeria ‘Prejudiced, Parochial’, Warns Buhari
CNN TV Host, Zakaria, Forced To Agree With Trump That Nigeria Is Beautiful!
2019: Nigeria Needs A Nation Builder – Fela Durtoye
Ekiti Governorship Poll: AU Warns Against Selling Of Votes
National Assembly Waiting For Minimum Wage Bill – Speaker Dogara
Blame Buhari For Delay In Passage Of 2018 Budget – Ondo Lawmaker
Buhari Should Stop Blaming Outsiders For Killings In Nigeria – Abati
Breaking: CBN Headquarters on Fire
PUNCH
Killings: Trumps comment, a wake-up call to Buhari, say CAN, Afenifere
27 die in Mubi mosque attacks
God will judge past Nigerias leaders, says Buhari
Truck drivers among highest carriers of HIV
Saving for a rainy day
FG bans importation of codeine-based syrup
Buhari: My predecessors completed few projects
Senate panel presents Buharis impeachment report today grills IG on Melaye
NLC wants N66,500 minimum wage for all workers
Pay us 48-month leave allowances, workers tell Amosun
Secondus rejects Dayo as Ogun PDP chair
Well resist manipulation of new minimum wage in Kwara TUC
Workers demand payment of full salaries in Osun
Fire scare at CBN headquarters
Nigeria’s unemployment, poverty rates increased in 2017 ‘ World Bank
Akeredolu, Ondo workers disagree over leave bonus
Kogi NLC wants bailout spending probed
CBN test reveals loopholes in banks’ anti-money laundering system
WORLD HEADLINES:
CNN
Hundreds detained after Paris May Day protests turn violent
Market that’s nightmare for Under Armour
Xerox CEO quits in win for Carl Icahn
Trump’s boss act doesn’t always work
Oil markets brace for Trump to kill Iran deal
Trump’s legal team prepares for showdown with Mueller
Trump pushes idea of ‘Space Force
What did Netanyahu reveal about Iran’s nuclear program’ Nothing new, experts say
Trump’s ex-doctor claims Trump dictated glowing health letter
NBC: Trump’s ex-doctor says office was raided
The White House’s typos could kill us all
Marco Polo’ producer accuses Weinstein of multiple sexual assaults
90% of people breathe badly polluted air, WHO reports
Facebook is getting into the dating game
Champions League: Real Madrid reach fourth final in five years
Applying for asylum in the US takes at least 3 months, 2 interviews and one big decision
Russian jet intercepts US Navy plane
Apple rewards investors with $22.8 billion buyback
Armenia in turmoil after Parliament fails to elect new PM
Kanye West just said 400 years of slavery was a choice
Why the National Enquirer’s Trump ties are under scrutiny
AL JAZEERA
US judge: Iran must pay $6bn to victims of 9/11 attacks
UK ambassador: Rohingya crisis demands ‘investigation’
Nigeria: Mosque blast kills at least 24 in northeast
‘Many years in one’: Remembering France’s 1968 protests
Iran: Netanyahu’s ‘lies’ aimed at influencing Trump
Israel’s Netanyahu can now declare war with single vote
South, North Korea remove propaganda loudspeakers
Relatives raise concern over ‘missing’ Russian citizens in Egypt
Members of ‘immigrant caravan’ begin asylum process in US
Former pope aide to face trial on sex abuse charges
ASSOCIATED PRESS
Outsiders face uphill battle in Lebanese elections
Stephen Curry returns to score 28, Warriors beat Pelicans
Japan’s pop band Tokio member resigns over sexual misconduct
Viewers see vulnerable Serena Williams in 5-part TV series
Is Trump right about judges’ leanings’ Maybe, review shows
Anti-Semitic conspiracy theories roil DC city government
NASA sending robotic geologist to Mars to dig super deep
AP Explains: 1MDB graft scandal heats up Malaysia politics
Peppa Pig wins street cred, attracts censors in China
Laverne Cox, Cecile Richards honored at Planned Parenthood
EPA security chief, Superfund head leave amid ethics probes
Amazing China’ documentary more fiction than fact
Arizona teachers vow to end strike if funding plan passes
Zuckerberg pledges to ‘keep building’ in no-apology address
James has triple-double, Cavs beat Raptors in OT in Game 1
Apple’s tax break yields $102 billion boon for shareholders
Gibson guitar maker sees a future with bankruptcy protection
Love it or not, Facebook launches dating service
FAA widens inspection of engines after Southwest accident
Apple’s tax break yields big dividend boost, stock buybacks
West’s wild words stir again: Kanye calls slavery a ‘choice
BBC
Mueller ‘threatened Trump with subpoena’ amid Russia probe
US guitar firm Gibson goes bust
Ariana Grande gives comeback interview and says album will ‘bring light
Snapchat redesign: User growth sinks hitting Snap shares
Confidence, ambition, greed – what makes a Klopp player
Apple faces battery pledge complaints
Facebook: ‘Hate speech button’ causes confusion
The YouTube stars being paid to sell cheating
Adverts for broadband speeds to face new rules
Paris police arrest 200 after violent May Day riots
Cardinal Pell likely to face two trials, court hears
Donald Trump wrote own health letter, says physician Harold Bornstein
TSB solves problem with standing orders
Kanye West suggests African-American slavery was ‘a choice
Man’s body behind wall of women’s toilet in Calgary mall
Autonomy ex-executive guilty of fraud
Armenia crisis: Opposition leader urges strike after losing PM vote
Russia internet freedom: Mass rally in Moscow against Telegram ban
Tiger cub abandoned in duffel bag at US-Mexico border
CAR: At least 15 killed in Bangui church attack
Solid iPhone sales boost Apple revenues
BUSINESS HEADLINES:
11 Assessments Every Executive Should Take – Forbes
20 cities in the US are facing huge real estate risks – Business Insider
2018 Acura TLX A-Spec Is Quietly Great – Forbes
2018 Kentucky Derby: Post-Positions, Morning Line, Late Vegas Odds, and How To Bet – Forbes
2018 Kentucky Derby: Post-Positions, Morning Line, Late Vegas Odds, and How To Bet – Forbes
2018 Tony Award Nominations: The Complete List – Forbes
23 Sentences Our Grandchildren Won’t Believe We Said In 2018 – Forbes
4 Ways Employers Should Show Their Employees They Care – Entrepreneur
5 important things happening in South Africa today – BusinessTech
5 Websites To Order Mother’s Day Flowers For Delivery – Forbes
6 Tips to Skyrocket Ecommerce Conversions on Your Site – Entrepreneur
7 Packing Tips To Make Your European River Cruise Hassle-Free – Forbes
A Bearish Sign For Facebook — Aging – Forbes
A Bearish Sign For Facebook — Aging – Forbes
A cancer treatment that one expert called the ‘most exciting thing I’ve seen in my lifetime’ just got approved to treat more patients (NVS, GILD) – Business Insider
A Closer Look At All Of Fortnite: Battle Royale’s New Skins In The Season 4 Battle Pass – Forbes
A former Ironman triathlete realized the key to a successful startup after ‘CEO disease’ pushed him off track – Business Insider
A former US Olympic medalist is switching countries because of financial pressures – Business Insider
SPORTS
CHAMPIONS LEAGUE: Real Madrid vs Bayern Munich – Daily Trust
2018 A-League Grand Final Preview: Odds, Game Trends, Matchup Analysis – Bleacher Report
2018 FIFA WC: Coca-cola reinforces commitment to Nigeria football – Vanguard
2018 Kentucky Derby Odds: Early Betting Lines, Post Positions for Saturday Race – Bleacher Report
5-Star LB Owen Pappoe Commits to Auburn over Georgia, Texas and More – Bleacher Report
A big player is leaving but a big man is staying’ ‘ Mourinho hails Carrick’s Man Utd contribution – Goal
A big player is leaving but a big man is staying’ ‘ Mourinho hails Carrick’s Man Utd contribution – Goal
African Athletic Championship: Again, Okowa gives marching order on host stadium – New Telegraph
Akeredolu inaugurates Athletic Development Centre in Ondo – New Telegraph
Akeredolu to reward Commonwealth Games medallists from Ondo – Daily Times
Alampasu To Leave Feirense In Summer – Daily Independent
Albrighton charged by FA over red card reaction – Yahoo
Alex Ovechkin Late Goal Gives Capitals Game 3 Win vs. Sidney Crosby, Penguins – Bleacher Report
Atletico Madrid vs. Arsenal: Team News, Live Stream, TV Info for Europa League – Bleacher Report
Australia set to arrest runaway Nigeria athletes, officials – Punch
Barry Bonds Bows Down, Congratulates Stephen Curry After Game 2 Win – Bleacher Report
Bayern were better than Real Madrid, says Hummels – Goal
ENTERTAINMENT
#BBNaija : Nina’s Brother slams Governor Okorocha for not honouring his sister – Information Nigeria
#BBNaija Winner, Miracle Reveals How He Will Spend N25m Prize Money (Watch) – Information Nigeria
#BBNaija: 3 Things I Learned About Nigerians – Information Nigeria
#BBNaija: Lolu and Anto caught kissing [Photo] – Gistlover
#BBNaija: Meet the Nigerian man who shares strong resemblance with Miracle (Photos) – Information Nigeria
#BBNaija: Rico Swavey seen on top of Khloe in a suggestive photo – Information Nigeria
#ChiomaChallenge: Don Jazzy begins the search for his own ‘Chioma’ after Davido broke the internet with his love story – Linda Ikeji
#ThePlatformNG: Leke Alder questions why Nigerians seek Divine Intervention for ‘Commonsensical things’ in Powerful Speech | WATCH – Bellanaija
*NSYNC reunites, reacts to viral May meme – CNN
13 Reasons Why’ drops Season 2 hints – CNN
2018 World Cup: Nigeria Won’t Qualify From Group Stage ‘ Gudjohnsen Prophesies Doom – Information Nigeria
2019 Elections Will Be The Easiest For Buhari ‘ Festus Keyamo – Information Nigeria
21-year old final year student of UNICAL killed by armed robbers during an attack on hisfamily in Calabar – Linda Ikeji
29 Years Old Model Is Pregnant For Her 18 Years Old Rapper Boyfriend – Nigerian Pilot
5 Interesting Ways To Wear The Ankara Print (Photos) – Information Nigeria
5 takeaways from Kanye’s interview with Charlamagne – CNN
68-year-old Saudi Prince reportedly marries 25-year-old woman after paying bride price of 50 million Dollars – Linda Ikeji
- A famous dog stole the show at Facebook’s F8 developer conference ‘ here’s everything you need to know about Instagram star Jiff Pom, who has 26 million fans (FB) – Business Insider
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.
READ ALSO: Leadership, not God responsible for Africa’s poverty
Afrocentric colonialism: The new face of African oppression
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In my walk as a leadership coach, I have keenly observed leaders who are managing rather than leading. Managing involves ensuring that processes achieve their intended outcomes. Leaders are above managing and should focus on creating an enabling environment for innovation, inventions, and team collaboration. The primary role in leading is not to monitor process outcomes, though critical to the company’s overall objectives, but to align corporate values with the people’s aspirations to create an engaged and ownership-thinking mindset ready to take on challenges and explore opportunities. An alignment of corporate and personal goals will not only deliver the present performance expectations. Still, it will also incubate innovations to adapt to future market demands and the sustainability of the business.
Unfortunately, the capacity for ambidexterity is rare and often marked by leaders’ exposure, approach and styles, perception, and perspective of their roles in the organisation. A leader with a wrong foundation in these areas is set for failure and awaits unfavourable decisions from the board of directors. A top-level leader might manage their teams instead of leading them. Not all leaders can combine leading for the present with building institutions. However, anyone able to submit themselves to an institution-building mechanism can champion sustainability. Aside from being a leadership coach, I help leaders achieve sustainability.
Mathematically, creating an ambidextrous organisation is beyond leading. It is to lead and build an institution that focuses on sustainability in all aspects of the organisation—employee fulfilment, customer retention, strategy effectiveness, performance evaluation, stakeholder management, process improvement, and goal congruence.
In a nutshell, the role of successful leaders in ambidextrous organisations is striking a balance between exploiting current assets and capabilities to ensure short-term success and allocating enough energy and resources to exploration to ensure future viability. The two primary tasks of a top-level leader are to exploit and explore the organisation with people for now and in the future. The two seemingly contradictory aspects—exploitation and exploration—encompass different strategies and processes and have different targets and outcomes (March 1991; O’Reilly & Tushman, 2004; O’Reilly & Tushman, 2013).
O’Reilly and Tushman described the two concepts as follows:
- Exploiting: Exploiting involves building on an organisation’s achievements and maximising returns on previous investments. It focuses on responding to current business demands to remain efficient and competitive within an established market niche, as well as on maintaining an existing customer base and stakeholder relationships. Examples of exploiting are activities focused on continuous improvement, benchmarking, and redesigning business processes.
- Exploring: Exploring focuses on expanding an organisation’s knowledge and capabilities, pioneering new products and services, and discovering and venturing into untapped markets.
The common area of practical bottlenecks in exploiting and exploring in organisations is a need for foundational trust and cohesion among the resources, especially the human capital, which are often treated as costs rather than assets to the organisations. Among all the factors of production, only humans can be ambidextrous with the capacity to think about changes in economic parameters and adjust their behaviours to match the time, content, and contextual requirements.
While organisations might have the resources to deploy in fighting competition, technology to obtain first-mover advantages, and production capacity to maximise output from input, none is compared with the potential of an engaged workforce.
Therefore, for leaders to be successful, they must refrain from operating in the realm of managing. They should operate in the capacity of institution builders, with the mindset of creating sustainable leadership and growth with people first and other factors of production second.
Consequently, only the leaders who prioritise their people over profits, pride, and organisational arrogance will be successful in the long term.
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