Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY MON. 14 MAY


Tracking Times – Headlines
LOCAL HEADLINES:
THE AUTHORITY
Police arrest 21 Jewish worshippers in Nnamdi Kanu’s home
Kudos, knocks trail APC LG congresses
Abia PDP tasks voters on PVCs
Ekiti APC Guber Congress:Buhari congratulates Fayemi
Kaduna LG Polls: PDP alleges electoral fraud, rejects results
NAF deploys 150 Special Forces to Taraba
First female aspirants joins 2019 presidential race
3 killed in Imo, Oyo cult war
NHRC to Security Agents: Violate detainees’ rights, risks 6-months’ imprisonment
DAILY POST
Ekiti APC primaries: What Buhari said about Fayemi’s victory
El-Zakzaky: We’re very different from Boko Haram – Shiites reply ex-US envoy, Campbell
IPOB vows to attack Nwodo, others over restructuring summit
Buhari govt has destroyed National Assembly, Judiciary – Fayose
Ekiti guber: What will happen to Fayose for ‘attacking’ president – Dele Momodu
SERAP drags Nigerian govt to UN over disobedience of court rulings, orders
Afenifere speaks on alliance with Obasanjo, 2019 election
Why Nigerians must remove Buhari in 2019 – Lamido
PUNCH
Only justice will unite Nigeria, says Ekweremadu
Kudos, knocks as female producers protest at Cannes Festival
Fayemi has what it takes to win Ekiti election, Buhari says
N1.5tn spent on capital projects in 2017 Adeosun
UNILAG chancellor wants academics involved in nations growth
2019: Why were backing Atiku
SERAP drags Buhari to UN for disobeying court judgments
Sudan arrests suspected killer of Nigerian diplomat
NAF deploys 150 special forces in Taraba
Fayose taunts Fayemi, says hell be defeated again
Sarakis appeal wont stop my resumption, says Omo-Agege
Parents call for prayers to mark Leahs 16th birthday
NIGERIAN PILOT
Only justice will unite Nigeria, says Ekweremadu @56
Between a fractured Senate and an inept IGP
APC driving Nigeria to anarchy
Give chance to leaders with fresh ideas ‘ Amaechi tells Buhari
2019: We’ll resist moves to gag media, Onaiyekan warns FG
APC unprepared for governance ‘ Lamido
Late CAN scribe, Asake was a great Christian torchbearer ‘ Saraki
N6.3bn fraud: EFCC docks Jang today
EX’NNPC GMD’s seized $9.7m, 74,000 still intact ‘SAN
Fayose to Fayemi: Don’t celebrate yet as this victory is Pyrrhic
Buhari’s administration repressive, intolerant of opposing views ‘ Adebanjo
THE SUN
Buhari’s govt has destroyed National Assembly, judiciary’Fayose
APC crisis: Okorocha blows hot, warns Oyegun, NWC members
PDP faults Aregbesola on Osun debt profile
Kaduna LG election: PDP kicks as APC cruises to victory
APC clears Oyo LG poll
APC driving Nigeria to anarchy -PDP
Imo: Ararume bombs Okorocha
Musa fires CSKA to Champions League
The Sun World Cup seminar excites Adepoju
Super Salah proud of EPL Golden Boot
NCAN partners NSCDC to tackle foreigners’ encroachment at farm gates
Local products that’ll launch entreprenuers into export market
Crises threaten indigenous firms’ oil production target
NPA revives NIPOSA Game after 17 years of suspension
PTML, freight forwarders at war over portaccess fee
Ebola: Cabin crew, passengers join hands to stem spread in commercial aircraft
DAILY TIMES
Herdsmen Attack: Jos traditional ruler task FG to protect farmers, avert food scarcity
Transparency Initiative calls for urgent investigation of massive corruption in Benue State
Agege APC LG Congress crisis: Ex-council chair blames Obasa for crisis, says no congress held
Get your PVC, affirm my endorsement, Ambode urges Lagosians
Fayemis tortuous journey to victory
NAFDAC reopens Emzor, two others, stops production of codeine syrup
7-Day ultimatum: Oyegun dismisses n-PDP protest letter
Kaduna LG poll: APC sweeps 15 seats, PDP 4
Okonjo-Iweala: I never said yesterdays scavengers, today saints
SERAP drags FG to UN over disregard to court orders
I am deeply saddened by problem of drug abuse, says Emzor CEO
WORLD HEADLINES:
CNN
US set to open Jerusalem embassy Monday
What empty hotel rooms reveal about their former occupants
The Chinese master behind Rihanna’s most daring look
Surabaya hit with another attack in wake of church bombings
Samantha Vinograd: How Iran could turn our friends against us
Family who carried out church suicide attacks included kids aged 9 and 12
F1 title leader Lewis Hamilton reigns in Spain
Smolders clinches first win of season in Hamburg
Trump says US working with China to save ZTE
US to North Korea: Lose the nukes, gain economic prosperity
Avengers’ nearly sets record in China
Moms of ‘SNL’ cast critique show’s Trump jokes
WH aide said she would give public apology for McCain joke. She hasn’t
NASA plans to send a helicopter to Mars
Our future children’: Families speak after loss of frozen embryos
US offers N Korea ‘prosperity’ for de-nuking
North Korea detainees reunited with families
Hamilton leads Mercedes one-two in Spanish GP
Illegal drugs found at UK’s Home Office, the department tasked with fighting illegal drugs
Possible’ US will sanction European companies working with Iran
Sanders: ‘Beyond my comprehension’ White House won’t apologize for McCain joke
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
AFP
Israelis march, bask in pro-US fervour ahead of embassy move
Catalan lawmakers set to elect new hardline leader
Two suicide bombers blow themselves up at Indonesian police HQ: authorities
Trump pledges to safeguard Chinese telecoms jobs
Iraq voters rebuke PM’s party as rivals surge
Xerox ends merger with Fujifilm in victory for shareholders
Police widen probe into Chechen-born Paris knife attacker
US set for deeply controversial Jerusalem embassy move
Simpson marches to four-stroke Players triumph 03
No crisis for Panini stickers as World Cup fever builds
No LeBron worries despite Celtics playoff rout of Cavs
Paris knife attack: what we know
US ready to offer North Korea security assurances, investment: Pompeo
Paris knifeman’s murky path from ‘reserved’ student to extremist
IS releases purported allegiance video of Paris attacker
BBC
Surabaya: Suicide bombers attack Indonesia police headquarters
Iraq election: Shia rivals of PM Abadi ‘make gains
Jerusalem embassy: US officials to attend opening ceremony
Trump seeks to save Chinese jobs at ZTE ahead of trade talks
Sao Paulo fire: Search for victims called off
Italy election: Five Star and League ‘agree programme
Kim Jong-un: What’s it like having the same name as a North Korean leader
Why HSBC whistleblower Herv Falciani fears for his freedom
The restaurateur couple who overcame arson threats
Volcano Kilauea: What stops eruptions of lava
The funerals driving Indian Kashmir youth to militancy
DR Congo: Kidnapped Britons released
Nigeria’s star shot-putter on her rise to Paralympic gold
Why does Ebola keep coming back
Severe allergic reactions in surgery ’caused by antibiotics
Should we sleep and wake early to boost our health
The women supporting each other through photography
Barcelona’s unbeaten run ends with one match to go
Players Championship: Webb Simpson claims four shot win as Tiger Woods falls short of final round comeback
Juventus win Serie A to seal fourth double in as many years
Buttler matches Sehwag’s IPL record to lead Royals to another win
AL JAZEERA
Iran seeks ‘clear future design’ for imperilled nuclear deal
Thousands rally in Pakistan’s Karachi for Pashtun rights
Indonesia church attacks ‘committed by same family’
Tensions rise ahead of US embassy opening in Jerusalem
Afghan government building attacked in Jalalabad
Iraq: Election results within two days, turnout at record low
Turkey targets French studies due to Quran row
Hamas chief visits Egypt ahead of US embassy move
Critics denounce South Carolina’s new ‘anti-Semitism’ law
Distrust as Sri Lanka sets up body to probe missing people
BUSINESS HEADLINES:
11 banks made N829.20 billion income from treasury bills in 2017 – BusinessDay
18 banks resist push towards lower interest rates – Vanguard
2019 Acura RDX: The Latest Take On An Old Problem — How To Control The Display Screen – Forbes
2019 Acura RDX: The Latest Take On An Old Problem — How To Control The Display Screen – Forbes
3 Branding Secrets for Ecommerce Success on Amazon – Entrepreneur
3 life insurers dominate market with 50% share – New Telegraph
5 Important Revelations From Tonight’s ‘Westworld’ Episode ‘The Riddle Of The Sphinx – Forbes
5 Important Revelations From Tonight’s ‘Westworld’ Episode ‘The Riddle Of The Sphinx – Forbes
5 Major WWE Stars Who Are Lost In The Shuffle – Forbes
5 Things You Must Do If You Want to Sell Your Company – Forbes
5,000 SMEs benefit from DBN facilities in one year ‘MD – Tribune
9 details you might have missed on the latest episode of ‘Westworld – Business Insider
A Few Minutes With Drag Racer Ron Capps, Funny Car Champ – Forbes
A Live-Action ‘Monster Hunter’ Movie Starts Production This September – Forbes
A new Korean skin care company borne from a battle with cystic acne believes you only need 3 products to achieve clear skin – Business Insider
A Story About How Doing Less And Adding A Bit Of Theatre Created A Memorable Customer Experience – Forbes
SPORTS
100 points: Guardiola salutes incredible City – Punch
2018 World Cup: Guerrero in Peru squad after doping ban expires – Vanguard
24 states to hit Abuja for National Junior Taekwondo Championships – Peoples Daily
4-Star QB Prospect Jacob Conover Commits to BYU over ASU – Bleacher Report
500 wrestlers set for Gov Dickson tourney – Punch
Adrian Beltre Exits Rangers vs. Astros After Re-Aggravating Hamstring Injury – Bleacher Report
Alex Ovechkin, Capitals Crush Steven Stamkos, Lightning to Take 2-0 Lead in ECF – Bleacher Report
All set for Delta Headmaster’s Cup semis – New Telegraph
Allegri: I’ll stay at Juventus next season if they don’t sack me – Goal
Argentina can bank on Icardi Crespo – Punch
Ashley 'hopes very much' that Benitez stays at Newcastle – Yahoo
Astros Wear Rockets Jerseys in Support of Team Ahead of Game 1 vs. Warriors – Bleacher Report
Aubameyanf Earns Win In Wenger’s Last Game – Daily Independent
Australia hurdle for D’Tigress at World Cup – New Telegraph
Barcelona Unbeaten Record Broken On Match Day 37 – Daily Independent
Barcelona’s Levante blowout angers Valverde – Goal
Barcelona’s Levante blowout angers Valverde – Goal
ENTERTAINMENT
#BBNaija: Nigeria economy will crash without fraud money in circulation ‘ K-Brule – Information Nigeria
“Rafiki”: First LGBT movies receives massive applause at Cannes Film Festival – Pulse
Africa is famous for Nollywood, says foreigner – The Nation
Avengers: Infinity War’ Tops North American Box Office Again – Channels TV
Buhari: President congratulates Fayemi for winning APC Guber ticket – Pulse
Cannes at Large: After a Tribute to Pierre Rissient, Martin Scorsese and Cate Clanchett cut the tape – The Nation
Club 57 denies EFCC arrested their customers last Thursday. Read their official statement! – Linda Ikeji
Club57 Releases An Official Statement, Denies EFCC Storms Their Club – Information Nigeria
Communal Crisis: Offa, Erin-Ile end rift through football – Pulse
EFCC Raid: Club 57 says Yahoo boys weren’t arrested inside the club – Pulse
Ekiti Gubernatorial Election: Fayemi’s track record will stand him in good stead ‘ Buhari – Information Nigeria
Entertainment: Doreen Simmons, unlikely voice of sumo wrestling, dies at 85 – Pulse
Entertainment: NBA eastern conference finals preview: Celtics vs. Cavaliers – Pulse
Family of IS-inspired suicide bombers including 2 children attack three churches in Indonesia; 13 dead, 40 injured – Linda Ikeji
Favourite Celeb Instagram Photos… – Stella Dimoko Korkus
FG is planning to stop incessant strikes in Nigerian Universities – Pulse
Fitness: This gym uses your gains to keep the lights on – Pulse
Flop of the Week: Nigerians may have to vote the same set of people in 2019 – Pulse
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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