Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY FRI. 4 MAY 2018


Tracking Times – Headlines
LOCAL HEADLINES:
DAILY POST
Biafra Day: Igbo groups announces date of celebration
Buhari had ‘unholy romance’ with Donald Trump in US – Biafra groups
2019: Buhari, APC, PDP can’t move Nigeria forward – Senator Shehu Sani
Melaye’s aide reveals Senator’s location, next line of action
Shehu Sani backs Buhari’s rejection of state police
$496m Tucano: Gowon speaks on move to impeach Buhari
End herdsmen killings now, if you are not their sponsor – PFN tells Nigerian govt
Dino Melaye: Falana knocks Nigeria Police for humiliating Kogi Senator
Dino Melaye: Ozekhome explains why judge refused to send Kogi senator to prison
2019: Why Nigeria must be restructured before general elections – Iwuanyanwu
Don’t deceive Nigerians, reveal why Buhari had ‘technical stopover’ in London – PDP tells presidency
Dino Melaye: Why Buhari is sponsoring senator’s problems – Fani-Kayode alleges
Senator Nwaoboshi writes colleagues over his ordeal with EFCC
‘Buhari’s aloofness responsible for increased killings in Nigeria’ – PDP
VANGUARD
Pro-Biafra groups vow to expose Nwodo’s house bombers
Melaye to spend 38 days in Police custody
World press freedom day: Welfare of journalists must be taken care of ‘ LAGOS NUJ
Nigeria: Human rights at risk’Amnesty International
Arraingnment of Dino Melaye on stretcher unacceptable ‘ Falana
Convicted SAN’s involvement in bribery unfortunate ‘Ukweni
2019: We’ll conduct mock election for Buhari, Atiku, others ‘ Northern youths
2018 FIFA WC: Iwobi targets world-class performance in Russia
Universe-Inspired Music by Lord Veejay
Meet Abasifreke ‘ The Digital Marketing Practitioner
Christians heed CAN’s directive, protest Benue killings
Herdsmen killings’ backlash: CAN, Redeemed Church, Methodist, Pentecostal Fellowship speak
It’s now self-defence, we’ll not run away
Killings: Senate summons Buhari as herdsmen attack another Benue church
Benue: Another 39 killed as Reps ask Buhari to declare all killer-herdsmen as terrorists
SAHARA REPORTERS
Buhari’s Second Term Bid Not In Nigeria’s Best Interest – IBB’s Spokesperson
Withdraw Your Impeachment Motion Or Risk Recall, Edo Group Warns Sen. Urhoghide
President Buhari, U.S. President Hold Private Meeting
We Shall Continue To Arrest Those Who Stole The Nation’s Money- Osinbajo
Lawmakers Reject Bill On Paternity Leave
Abuja Court Orders Interim Forfeiture of Patience Jonathan’s Properties
Judge Sentence Nwobike To One-Month Imprisonment After Pressure From Senior Lawyers
TRIBUNE
Ekiti APC concludes arrangement as 33 aspirants jostle for governorship ticket
2019: Another 4m PVCs ready for collection ‘INEC
Nothing should happen to Senator Melaye, Dogara warns
PFN to FG: Stop herdsmen’s killings in two weeks if you have no hand in it
Presidency tackles media over Trump reports
Tears, grief envelop Lanlate town as late Oyo Speaker, Michael Adeyemo, is buried
Lai Mohammed appeals to media on fair reporting
A mace of trouble or symbol of authority
Lost to JOHESU strike: The pathetic end of a youth corps member
Visionscape: Sustaining the transformation
Old Boys train over 80 teachers for optimum service delivery
THE HERALD
Paternity Leave Bill For Nigerian Men Fails At House Of Reps
Femi Falana Reacts To Dino Melaye’s Arraignment
The Miracle is the Pastor
(Photos): Army hands over seized tugboat, barge to EFCC
Mubi Killings: Security Outfits Lowered Their Guards ‘ JNI
BBNAIJA: Cee-C Followed All the House Rules- Multichoice Boss
SHOCKING: Wife Murders Lagos Lawyer, Attempts Suicide
Benue Killings: Ortom Makes Shocking Revelations To House Of Assembly
Eminent elder statesmen visit NASS, plead with Saraki to restructure Nigeria
Buhari returns to Abuja after official visit to U.S
Buhari’s USA Visit was Unconstitutional- PDP
PUNCH
PHOTOS: Buhari returns to Nigeria after US trip
Eko Atlantic City ready in October 2019 LASG
South, Middle Belt leaders to NASS: Restructure, save Nigeria
PFN gives Buhari, FG one month to stop killings
Protesting Nasarawa women fault Aisha scheme, demand refund
Buhari blames Jonathan for rot in health sector
Court orders forfeiture of naval officers houses, funds to FG
Lai Mohammed receives UNWTO programme officer
Bkleff plans bike ride for PVC
Buhari returns to Nigeria after US trip
Over 100 schools for 2018 National Schools Fair
Siemens donates N12m equipment to Edo schools
2018 WASSCE: WAEC denies leakage of question papers
WORLD HEADLINES:
CNN
Hawaiian volcano erupts, prompting evacuations
Why pollen is costing Japan nearly $2B a year
Lewinsky mocks Rubio over intern tweet
Kanye West ‘is a very important part of our strategy,’ Adidas CEO says
H&M and Zara make changes after animal cruelty expose
JPMorgan’s latest hire proves the bank is serious about artificial intelligence
CNN news quiz for the week ending May 4, 2018
White House warns Beijing on growing militarization in contested region
Twitter warns all users to change passwords
Can Malaysia’s unlikely double act score election triumph
AT&T and Time Warner to judge: Approve our deal without conditions
YouTube CEO: ‘It’s critical that we’re on the right side of history
VW ex-CEO charged over emissions scandal
NBC News corrects explosive Michael Cohen story
Smart window lets the blind feel the view
How to visit the Korean Demilitarized Zone
Will Markle break with tradition on her wedding day
132-pound ovarian tumor removed from woman
The universe is out of balance and nobody knows why
Arsenal come up short in Wenger’s final European bid
Which nationalities get rejected the most for US asylum
ASSOCIATED PRESS
Oklahoma, Kansas approve religious veto on LGBT adoptions
Arizona schools reopen after education funding deal reached
Deadly unrest at Gaza border mirrors Israeli author’s novel
BMW earnings push higher on sales of 5-Series, X1 SUV
Polanski’s film academy expulsion, 40-years in the making
Singer says media using sex allegations to kill his legacy
Were you lying” Sanders faces new credibility questions
Hawaii volcano shoots lava into sky; evacuations ordered
Trump to address NRA amid national gun control movement
Oklahoma passes faith veto on LGBT adoptions; Kansas close
Native American teen blames discrimination in campus ordeal
Mounting economic chaos leaves many Venezuelans in the dark
Puerto Rico demands answers, mourns loss of 9 airmen
HSBC says quarterly profit dips, plans $2B share buyback
Harvard forum examining safety of self-driving vehicles
At what point does crying ‘lynching’ trivialize the word
Trump’s new ‘Stormy’ story clashes with earlier statements
Giuliani becomes aggressive new face of Trump legal team
10 Things to Know for Friday
Hawaii volcano erupts; county issues evacuation orders
South Carolina Senate mulling ban on nearly all abortions
BBC
Mount Kilauea: Hawaii emergency declared over volcano eruption
MH370 search uncovered shipwrecks from 19th Century
Nobel organisers to reveal 2018 literature prize’s fate
Kuala Lumpur-Singapore named busiest international air route
We were sexually harassed at Myanmar’s new year party
US accuses Chinese of pointing laser at their pilots
The suffering is strong’ – Wenger ‘very sad’ after Europa League exit
India dust storms: More than 125 killed as storms continue
Pirates ‘massacre’ Guyana fishermen off Suriname coast
Diesel emissions scandal: Ex-VW boss Winterkorn charged in US
Medellin mayor demands apology over hit ‘glorifying Escobar
Kim Kardashian lobbies Jared Kushner for presidential pardon
New Jersey ‘mystery pooper’ was schools chief, say police
I needed police protection for 15 years
Reporters swarm White House spokeswoman on porn star pay-off
Why are elephants smashing the Rohingya refugee camp
Outrage over truck driver’s fine for hitting motorcyclist
Bid to row from New York to Lochinver in handmade boat
Iran pushes app with ‘Death to America’ emoji
Chinese university hosts ‘grenade-throwing’ contest
Kyrgyz mayor dons fake beard to tour city in disguise
AL JAZEERA
Mozambique’s opposition leader dies aged 65
Anger erupts on Yemen island as UAE deploys troops
Dubai stocks dive to 27-month low on real estate woes
Asylum seekers face tougher hurdles to enter Canada
Palestinian-Mexican American politician running for US Congress
‘Only Arabs go to jaiI’: Israel convicts Palestinian over poem
Suspect in Hamas engineer assassination arrested in Croatia
South Africa miners reach $400m settlement
Scores dead as dust storm and heavy rain hit India
Record number of Lebanese women running for office
BUSINESS HEADLINES:
10 easy science questions that stumped college grads – Business Insider
12 terrible things that could happen if you don’t do your taxes – Business Insider
12 Ways To Avoid The Most Common Wealth Management Mistakes – Forbes
14 celebrities who love ‘Star Wars’ as much as you – Business Insider
14 predictions for the future of media – Business Insider
19 billionaires who grew up poor – Business Insider
2 brothers pleaded not guilty to terrorism charges over a plot to detonate a meat-grinder bomb on a passenger plane – Business Insider
2 women who built a business while at Goldman and Marc Jacobs share their best advice for entrepreneurs – Business Insider
2018 CIO Summit: Collaboration In The Digital Age – Forbes
2019 general elections: God will manifest himself over Nigeria ‘ Prophet Adeoye – BusinessDay
28% Of Investments In Nigeria Oil Sector In 3 Years To Go Into Ultra Deep Depths – Sahara Reporters
3 Historic Entrepreneur Moms To Celebrate This Mother’s Day – Forbes
3 Historic Entrepreneur Moms To Celebrate This Mother’s Day – Forbes
3 Years Later, Green Bay Packers’ 2015 Draft Class Looks Like A Colossal Bust – Forbes
30 AND UNDER: Rising stars in Silicon Valley tech who find hot startup deals and manage millions of dollars – Business Insider
30 AND UNDER: Rising stars in Silicon Valley tech who find hot startup deals and manage millions of dollars – Business Insider
32 State Govts undermine N1trn insurance premium income target – Vanguard
33 Export fetes consumers – The Nation
SPORTS
20 Nigerians to watch World Cup free – The Sun
2018 BBN housemate, Anto, joins Okpekpe Race – New Telegraph
2018 Big Brother Naija Housemate Anto joins Okpekpe Race – The Nation
2018 FIFA WC: Iwobi targets world-class performance in Russia – Vanguard
2018 ITTF World Team Championships: Nigeria breezes into quarter – New Telegraph
Abia Warriors vs kastina United: Police stops angry fans from beating officials – Daily Times
Alloy Agu hits South Africa to train Akpeyi for World Cup – New Telegraph
Amun, Inyama hail The Sun over World Cup seminar – The Sun
Amusan makes history as first Nigerian to win 100m hurdles at Commonwealth Games – Daily Times
Arsenal need big changes this summer as Wenger’s decision to leave is justified – Goal
Arsenal’s pain in Spain continues with another away defeat – Goal
Arsene Wenger To Leave Arsenal At The End Of The Season – Daily Times
Arsene Wenger won’t get his happy ending at Arsenal and he looked lost in defeat to Atletico Madrid – Yahoo
Atleti sink Arsenal to secure UEL final spot – Kickoff
Atletico end Arsene Wenger’s final European bid – CNN
Atletico end Arsene Wenger’s final European bid – CNN
ENTERTAINMENT
#BBNaija2018: Miracle Reveals Who He Wants To Take Along On His Paid Trip For Two – NET
#BBNaija: A Look At Everything Ebuka Wore For His Hosting Duties – NET
#BBNaija: BamBam Is Slaying Our Entire Existence In This New Photo – NET
#BBNaija: Cee-C Meets Presidential Aspirant, Prof. Kingsley Moghalu – Information Nigeria
#BBNaija: Cee-C reveals her plans after Big Brother Naija – Information Nigeria
#BBNaija: finally, Nina meets Miracle’s mum [Photos] – Gistlover
#BBNaija: FIRS Hosts Cee-C And Her Dad – Information Nigeria
#BBNaija: Lady Calls Out Miracle On Social Media (Video) – Information Nigeria
#BBNaija: MNET Boss, John Ugbe, Reveals Why Cee-C Was Not Disqualified – Gistlover
#BBNaija: Nina finally meets Miracle’s mum (Photos) – Information Nigeria
#BBNaija: Nina Suffers Emotional Meltdown As Imo State Govt Ignores Her – Information Nigeria
#BBNaija: Why Cee-C was not disqualified ‘ John Ugbe, Mnet boss – Information Nigeria
#FlashBackFriday: Khloe’s Bland Reaction To Miracle’s Win Cannot Be Forgotten Anytime Soon – NET
#Headies 2018: Why The Awards Show Remains Essential To Nigerian Pop Culture – NET
#NECLive6: Afro-Juju Legend Sir Shina Peters Will Be A Guest Speaker At The Nigerian Entertainment Conference 2018 – NET
#NECLive6: Martin Mabutho, General Manager at Multichoice Nigeria Will Be Speaking at The Conference – NET
#NECLive6: See List Of Speakers, Moderators And Panelists – NET
#NECLive6: Veteran Music Producer Cobhams Will Be Speaking at The Conference – NET
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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Business4 years ago
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