Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY TUE. 8 MAY 2018


Tracking Times – Headlines
LOCAL HEADLINES:
VANGUARD
Uwazuruike declares May 22 Biafra Day
Battle for Imo: Okorocha, deputy’s war escalates
Anti-open grazing bill: Ortom misfired, says Miyetti Allah leader
Uwazuruike declares May 22 Biafra Day
Army rescues over 1,000 Boko Haram captives
Diamond Estate murder: Udeme planned to travel abroad after killing her husband ‘ Police
US won’t deal with third party in restitution of $500m Abacha loot
Dogara’s faction conducts parallel APC ward congresses in Bauchi
We can’t confirm whether Rivers APC ward congresses held ‘INEC
2019: I’m not negotiating for VP’Moghalu
Ondo APC leaders want congress cancelled
APC ward congresses: Confusion as C-River chairman, Police boss differ
Anambra APC Congress: Nwoye accuses Ngige of plotting to hijack party leadership
Killings: Military to deploy boats to monitor Benue waterways
DAILY POST
2019: Pastor Adegboye reveals God has asked him to replace Buhari
APC to disqualify some Ekiti guver aspirants over violence
Oby Ezekwesili slams Saraki, Dogara over 2018 budget
APC’s right leg CPC, left hand a faction of PDP – Tunde Bakare blows hot again
Buhari reveals discussion with Saraki, Dogara
Ambode speaks on Nigeria’s current challenges
Dino Melaye: Ozekhome tells court why Senator jumped off police van in Abuja
Buhari set to depart Nigeria for UK on medicals
Ekiti APC secretariat sealed with Juju
Dino Melaye: Ben Bruce provides update on senator’s health condition
Osinbajo has reduced himself to EFCC spokesman – Reno Omokri
Tension as Shiites takes over Abuja, demand El-Zakzaky’s release
PUNCH
Buhari embarks on four-day medical trip to UK today
Bribery: Rickey Tarfa calls FHCs DCR as witness
Evans weeps, says theyve been beating me, no good food
Killings: Buhari okays new security measures for Kaduna
Codeine syrup: NAFDAC shuts Emzor, two others
Presidency lists corruption cases under Jonathan
Saraki, Dogara report IG to Buhari over Senate, Melaye
Court hears Melayes bail application Thursday
Nigerias fight against corruption applauded globally, says Osinbajo
Lagos develops master plan to strengthen tourism
LG party chairmen protest, sack Ekiti APC exco
EFCC charges ex-Plateau gov Jang with N6.3bn fraud
APC to disqualify Ekiti gov aspirants over violence
THE NATION
Ekiti APC aspirants, NWC disagree over shadow poll
Govt recovers N7.8b, $378m through Whistle-blowers policy
Killings meant to instigate war, says Buhari
Death toll in Kaduna attack rises to 71
Buhari off to London for medical
Evans weeps, says no good food in prison
Court dismisses suspects N200m suit on seized trucks
Ambodes re-election certain, says Ademowo
Oni writes Oyegun, NWC, says system compromised
Fayemi faults Awes removal as Ekiti APC chairman
Ekiti Apc electoral panel scribe nominated by an aspirant, says Oni
Ikeyina: SDP will take Nigeria to prosperity
Akwa Ibom APC resolves lingering dispute
2019: Oyo APC and challenge of consolidation
THISDAY
President Meets Saraki, Dogara, Says N’Assembly Invasion an Embarrassment
Buhari Heads to London on a Four-day Medical Trip
UBA Partners MasterCard to Ease Payments by SMEs
Birnin Gwari Attack: Death Toll Rises to 61, El-Rufai Visits Community
Buhari Condemns Attack, Approves New Battalion, Police Command
Troops Rescue 1000 hostages from Boko Haram terrorists
Melaye’s Bail Application for Thursday
US Blocks Malami’s Lawyers from Taking a Cut on $500m Abacha Loot
Marafa: Yari Working with Others to Sabotage Buhari’s Re-election
Codeine Crisis: NAFDAC Shuts Emzor, Bioraj, Peace Standard Pharmaceuticals
WORLD HEADLINES:
CNN
India’s problem with rape: Do women feel safe
US stands tall as Asia’s most powerful country despite rising China
Italians could return to the polls after coalition talks fail
Lawsuit accuses US Olympics, taekwondo stars of sex trafficking
Photos from this year’s Met Gala red carpet
US President’s move to pull out of the nuclear deal could spark a dangerous global crisis
Someone is really desperate to kill the Iran deal
Report: Ex-Israeli spies tried to dig up dirt on Obama aides
Trump slams Kerry over ‘shadow diplomacy’ to save accord
India’s problem with rape: Do women feel safe
Sale of Cambodian newspaper raises alarm bells
Warren Buffett: Bitcoin is ‘rat poison
Nestle is paying $7.2 billion to sell Starbucks coffee
Recovering from one child: China’s growing fertility problem
Trump teases fate of US detainees in North Korea like reality TV
Trump sets date for Iran nuclear deal decision
New York attorney general resigns over assault allegations
Hawaii lava consumes a car
White House officials balk at Giuliani’s media blitz
Melania Trump takes on cyber bullying with ‘Be Best’ campaign
McCain to block Trump from his funeral
ASSOCIATED PRESS
US abortion clinics face surge of trespassing and blockades
Military seeks to limit Congress on fixing child sex assault
Putin’s image: An inextricable part of Russian life
Report: Millions of tweets spread anti-Semitic messages
Chelsea Manning: Insurgent bid for US Senate is genuine
Putin takes oath of office for 4th term as Russian president
Syria’s Kurds put IS on trial with focus on reconciliation
Worry, fear in Iran ahead of Trump’s decision on atomic deal
Buffalo buzzing over Bills draft picks, Sabres lottery win
Asian markets rise, tracking Wall Street gains on job report
Springsteen escorts Van Zandt in to New Jersey Hall of Fame
From Bakersfield to DC, McCarthy’s unlikely rise in GOP
Chelsea Manning: Insurgent bid for US Senate is genuine
AP Explains: Why every vote is not equal in Malaysia polls
Monday hearing could have big implications in Greitens’ case
Annual Muzzle ‘awards’ go to alleged protest squelchers
Expansion Golden Knights top Sharks to make conference final
Guatemala’s crusading prosecutor exits amid praise, threats
Asian markets rise, tracking Wall Street gains on job report
Trial set for Latvian accused of running malware operation
Court asked to toss more cases tied to drug lab scandal
BBC
Cannes Film Festival rings in the changes
Sun Zhengcai: Former top Chinese official jailed for life
Malaysia election: What does politics mean to multi-racial voters
Bernd Maylander: Meet the man who has made F1 great again
England v South Africa: Eddie Jones to add attack coach for upcoming tour
New York Attorney General Eric Schneiderman quits amid abuse reports
Italy faces fresh elections as coalition talks fail
Met Gala 2018: Celebrities share divine looks on red carpet
Syria war: Rebels leave last major besieged enclave
Oliver North: NRA elects Reagan-era figure as president
Alabama ‘miracle’ boy wakes before doctors pull plug
Cannes Film Festival 2018: 10 films to watch
How a child rape became a religious flashpoint for India
Russia to showcase robot tank in WW2 victory parade
Vanilla price rise proves chilling for ice-cream makers
Zimbabwe’s women’s anti-poaching group protecting elephants
Malawi mourns death of former captain Jack Chamangwana
USM Alger big winners as Confed Cup group phase kicks off
Improved mental health care funding for new mums
Woman with Down’s contributes to Alzheimer’s research
Not just for naughty boys’: The rise in adult ADHD pills
AL JAZEERA
At least 18 killed in Rwanda landslides
Saudi-led coalition attacks Sanaa presidential palace
Nigeria: 1,000 hostages rescued from Boko Haram
Yemenis protest against UAE presence in Socotra
Cambodia: Phnom Penh Post editor sacked over article
April’s Afghan air attack on religious school killed 30 boys: UN
Shooter of Pakistan minister linked to far-right group
Opposition faction agrees to join South Sudan’s ruling party
‘US Embassy’ road signs appear in Jerusalem
Report criticises Egypt’s use of solitary confinement
BUSINESS HEADLINES:
$36.3bn spent on petroleum products’ importation in four years ‘ CBN – Punch
$6B Magellan Health’s CIO And CTO Drives A Humanized Digital Experience – Forbes
*NSYNC Enjoys Massive Streaming Boost Thanks To ‘It’s Gonna Be May’ Meme – Forbes
11 Founders On How To Best Listen To Customer Feedback – Forbes
2 jailed as BEDC moves against vandals – New Telegraph
2018 James Beard Award Winners: Edouardo Jordan’s JuneBaby in Seattle Is Named Best New Restaurant – Forbes
4 Changes You Need to Make Now to Comply With the EU’s Tough New Data Law – Entrepreneur
4 Cloud Services That do a Lot More Than Just Store Data – Entrepreneur
4 Ways The Demise Of Plenti Will Go On To Reward Shoppers – Forbes
5 important things happening in South Africa today – BusinessTech
5 Lessons On How A Living Wage Might Make Business Sense For You – Forbes
5 tricks to make you feel less afraid while flying – Business Insider
7 months after, NASS sets to pass N8.612trn 2018 Budget – Daily Times
A Fashion Archivist Shares Her Tips For Storing Clothing – Forbes
A Good Habit For Serial Entrepreneurs, And Everyone Else, To Become Our Best Selves – Forbes
A Little Caffeine May Be Good For The Heart After All [Infographic] – Forbes
SPORTS
2018 FIFA WC: Onazi praises Rohr for fast recovery from injury – Vanguard
5 Things We’ve Learned About LeBron, Cleveland Cavaliers in Series vs. Raptors – Bleacher Report
76ers’ Joel Embiid Says Terry Rozier Tried to Punch Him but Is Too Short – Bleacher Report
Ahmedu downplays Kwese bball league – Punch
Alex Ovechkin, Capitals Advance to Conference Final with Win vs. Penguins – Bleacher Report
Allardyce believes Everton have had the change needed for top-four finish – Goal
Allardyce believes Everton have had the change needed for top-four finish – Goal
Antoine Griezmann: Barcelona president says he met Atletico striker’s agent in October – BBC
Arsenal expect to name Arsene Wenger successor before World Cup – BBC
Asaba 2018: CAA Officials Express Satisfaction With Preparation – Daily Independent
Bacelona Intensifies ‘100m Griezmann’s Chase – Daily Independent
Barca: Dembele stays despite Griezmann talks – Daily Trust
Barcelona Transfer News: Josep Maria Bartomeu Fuels Antoine Griezmann Rumours – Bleacher Report
Barcelona vs. Villarreal: Team News, Preview, Live Stream, TV Info – Bleacher Report
Bayern Munich Transfer News: Fresh Robert Lewandowski and Arturo Vidal Rumours – Bleacher Report
Bayern, Japan FA Agree Youth Development Partnership – Daily Independent
BBC Women’s Footballer of the Year 2018 – last chance to vote – BBC
Ben Arfa omitted from PSG’s Coupe de France squad despite training with first team – Goal

Tracking Times – Entertainment
ENTERTAINMENT
#BBNaija 2018: Cee-C reacts to Alex and Tobi’s romance – Information Nigeria
#BBNaija Housemate, Leo Shares Adorable Photo With Cee-C – Daily Times
#BBNaija: ‘May God continue to bless you for me’ ‘ Alex to Tobi & Miracle – Information Nigeria
#BBNaija: Check Out Tobi Bakre’s Throwback Pictures – Information Nigeria
#BBNaija: Finally, CeeC reacts to Alex and Tobi’s romance – Gistlover
#BBNaija: I Don’t See Relationship With Alex Working At The Moment ‘ Tobi – Information Nigeria
#Headies: Charles Okocha pulls a dramatic scene when comedian Bovi tried to steal his ‘Accolades’ slogan – Information Nigeria
#LagosBridalFashionWeek: Yemi Shoyemi’s Designs Are Every Bride’s Dream – NET
#RubbinMinds: Toyin Abraham Cheated On Me While We Were Married- Ex Husband – NET
“Don’t wear anything to bed”- Nigerian lady advises men with unfaithful wives – Linda Ikeji
“My mum deserves some accolades for enduring all the societal stigma” – Lady who suffers from Vitiligo celebrates mother – Linda Ikeji
2 Chainz proposes to longtime girlfriend, Kesha Ward at the MET Gala (photos/video) – Linda Ikeji
4 Useful Makeup Tips For Oily Skin – NET
A Relationship With Alex Is Not My Goal For Now- #BBNaija’s Tobi Reveals On Rubbin’ Minds – NET
Adekunle Gold thrills at 30 album listening – The Nation
Adekunle Gold thrills during Before 30 album listening at Trace Live – Linda Ikeji
Adele turns 30 with Titanic themed bash – CNN
Ahneeka fires back at haters who slammed her over her Headies outfit – Nigerian Pilot
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
Health: Genotype And Compatibility, Phenotype, Blood Groups And DNA
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.
-
News5 years ago
$800m oil fraud: resign as Petroleum Minister – Frank tells Buhari, asks for probe
-
Biafra5 years ago
PROPHECY: Powerful Prophecies for Mazi Nnamdi Kanu and Chief John Nnia Nwodo by Pst. Maxwell Nnawuihe (Text & Video)
-
Biafra5 years ago
BREAKING: Dragon Flag Can’t Come Down, You Must Allow Our Brave Men To Do Their Job – Nnamdi Kanu
-
Business8 years ago
NEWS PAPER HEADLINES FOR TODAY THURSDAY 28 SEPT 2017
-
Business4 years ago
FUEL: PPPRA removes new petrol price post as NNPC insists no hike
-
Business7 years ago
Suspected Fulani militia kill two in fresh Taraba attacks
-
Biafra5 years ago
VIDEO: Powerful Prophecies for Mazi Nnamdi Kanu and Chief John Nnia Nwodo by Pastor Maxwell Nnawuihe
-
News6 years ago
A fatal accident along Benin/Auchi express way has claimed the lives of an entire family while traveling for Christmas.