Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY FRI. 18 MAY 2018


Tracking Times – headlines
LOCAL HEADLINES:
DAILY POST
Restructuring summit: Why IPOB shouldn’t be ignored – Ohanaeze Youths
IPOB reveals what will make it accept restructuring of Nigeria
Why Igbo politicians are against Biafra – Zionists
APC leaders want Okorocha expelled from party
Ekiti governorship election that produce Fayose full of ‘hanky-panky’ – Buhari
What opposition needs to defeat Buhari – Olusegun Adeniyi
APC stakeholders move against Okorocha
2019: Atiku, Saraki, Dankwambo eye SDP ticket
Herdsmen strike in Benue, kill three few hours after Osinbajo’s depature
What Buratai said after close-door meeting with Buhari
JOHESU relaxes strike in Lagos, Kano, Yobe
Nigerian govt speaks on herdsmen, farmers crisis being religious
Neurologist reveals why IG of police, Idris struggled to read own speech
Herdsmen attacks: Miyetti Allah reveals those allegedly responsible for killings of farmers
Soldiers storm Port Harcourt police station, arrest DPO over murder of colleague
Presidency reacts to video of IGP Idris struggling to read speech in Kano
Warn your husband about Magu so Buhari won’t suffer Abacha’s fate – Omokri tells Aisha
Real reason IGP Idris shunned senate – Jonathan’s aide, Omokri
VANGUARD
Why IPOB’s sit-at-home order will fail ‘Udegbunam
Army can’t stop us from hoisting Biafra flag on May 22—BIM
3 slaughtered by herdsmen, 10 killed by bandits in fresh Kaduna, Benue attacks
My re-election not worth spilling of blood ‘ Ortom
Ohanaeze youths warn IPOB against disrupting Igbo summit
NUPENG expresses concerns over non-passage of remaining parts of PIB
OYO APC: Unity Forum write Buhari over threat to lives
Don’t link me or Saraki with suspected cultists ‘ Gov Ahmed
Cross-border crimes pose problems to ECOWAS ‘ Buhari
Imo people are set to take back their state from Okorocha ‘ Chris Anyanwu
SAHARA REPORTERS
Herdsmen Kill Five In Benue
NNPC Proposes Term Reduction On Oil Licenses
Soldiers Sack Police Station, Arrest DPO Over Murder Of Colleague
Dont Link Me Or Saraki With Suspected Cultists- Kwara Governor
Fayose Alleges APC FG Plans To Rig July Gov. Polls
Change And Leadership In Nigeria By Obinna Chukwuemeka
A Time To Die By Azu Ishiekwene
NEW TELEGRAPH
Enough of child, maternal deaths
Benue: Five farmers murdered after Osinbajo’s visit
Businessman: How pastor conned me of $38,000
State Congresses: Tension in APC
Oil hits $80 as Shell halts 150,000 barrels’ production
NEC: NNPC, Customs, NPA must refund N8trn unremitted revenues
Don’t link me, Saraki with cultists, gov cries out
Scientists discover stem cell injection for erectile dysfunction
Mother’s day: A day not for the hurt
Strike: Court orders health workers to resume within 24 hours
Court refuses to unfreeze Shagaya’s N1.9bn bank account
THISDAY
Govs Seek to Take Over Fuel Subsidy Payments
NNPC, Nigeria’s Oil Behemoth Records N547bn Losses in Three Years
Bandits Kill 10 in Birnin Gwari
Fitch Affirms Nigeria’s ‘B+’ Rating, Negative Outlook
Why I’m Passionate about Human Psychology
I’ll Create 7 Million Jobs for Nigerian Youths, Says Johnson Edosomwan
Cleric Tasks Govt on Need for Moral Instruction in Schools
First Excel Convention Holds in Nigeria May 24
QuickHelp, Device for Swift Service Delivery Berths
Entrepreneurs Should Think Positively to be Successful
PUNCH
Ramadan: Saraki, Ekweremadu, Akeredolu urge Muslims to pray for Nigeria
Ex-PDP chair, Sherrif, avoids journalists after meeting Buhari
Ekiti last gov poll characterised by hanky-panky Buhari
Court orders NDDC ex-ED, Omatsuli, to forfeit N846.03m properties
Oyo APC faction writes Buhari, military over threat to lives
Opposition yet to prove it can win Buhari Segun Adeniyi
LG congresses: Again, protesters storm APC secretariat
FG orders NAFDAC to return to ports
Two feared dead as violence mars C River APC LG congresses
NDLEA impounds four tonnes of imported Tramadol at Lagos airport
Killings: We dont have enough soldiers to guard every MBelt village, says FG
NNPC, NPA, FIRS, others failed to remit N526bn, $21bn NEC
Alleged frame-up: Court adjourns Melayes trial indefinitely
THE HERALD
Serena Williams Reveals How Dad Sent Text That He Won’t Attend Her Wedding
VIDEO: England’s World Cup Reveal Is the Best In the World So Far
Extortion: Nigerian Lady Puts SARS Officer In Trouble With Bank Transfer
Ekiti Guber: Fayemi’s Ex-Opponent Joins Him In Bid To Defeat PDP
Smart Lagos Lady Puts Corrupt SARS Officer In Trouble After Paying Bribe Electronically
SURPRISE: See How AS Roma Of Italy Announced Super Eagles World Cup Squad List
States seek to take over payment of petroleum subsidy ‘ Governors Forum
(Full List): France Overlooks Big Names In 23-Man World Cup Squad
Court orders JOHESU to end strike, resume work within 24 hours
Marriages Held In Ikoyi Registry No Longer Legally Binding
Preparations for the Africities 2018 Summit Officially Launched
WORLD HEADLINES:
CNN
He’s treated thousands. The surgeon who keeps returning to Gaza
The rugby captain raised in a one-room home
How an 8-year-old girl’s rape revealed the problems facing modern India
US President Trump reassures Kim, then warns that North Korea could be ‘decimated
At the height of his power, China’s Xi Jinping moves to embrace Marxism
China proposes buying $200B of American goods
Malaysian police seize 72 bags of cash, jewels in Najib Razak raids
Messages in bottles sent across the sea to North Korea
Trump’s delay in reporting Cohen payment raises red flags
Starbucks faces more racism allegations
Mueller’s got plenty of options on Trump
Trump Jr called blocked number before and after Trump Tower meeting. Who was it
Why is Melania Trump still in the hospital
Controversial nominee Haspel confirmed as first female CIA director
Couple finds safe full of cash, gold and jewelry buried in yard
Earth’s warming trend hits 400 straight months
Bangkok’s Death Cafe: Come for coffee and a coffin
The week in 27 photos
Ozone-destroying emissions are on the rise. Scientists don’t know why
Congressman suggests rocks could be causing sea levels to rise
China’s SpaceX’ launches the country’s first private rocket
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
AL JAZEERA
Bags of cash, jewellery seized from Najib’s properties
Hawaii: Explosive eruption on Mount Kilauea
DRC: Ebola spreads to big city, raising epidemic fears
Pakistan kills wanted senior rebel commander
Tens of thousands flee west Yemen as fighting rages
Vote-count as Burundi’s leader seeks to extend rule
US Senate confirms Haspel as CIA’s first female chief
Turkey to detain 101 air force personnel over coup
Top US, S Korea envoys in emergency call over N Korea
Saudi Arabia, UAE ‘inclined towards dividing Yemen’
BBC
China drops sanctions probe into US sorghum imports
Gina Haspel confirmed as CIA’s first female director
Malaysia police seize cash and luxury goods in Najib-linked raids
Colorado city unanimously votes to ban assault-style rifles
Australia tracks missing Games athletes
Iran nuclear deal: EU looks to avoid impact of US sanctions
PayPal acquires Swedish payments firm iZettle
How easy is it to get an illegal EU passport
Truck bursts into flames on motorway
Rural v urban: Ireland’s abortion divide
Hawaii volcano sends 30,000ft plume into the air
Rafiki director Wanuri Kahiu on Cannes success and Kenya ban
Viewpoint: Why racism in US is worse than in Europe
Turning carbon dioxide into rock – forever
The India village ‘on the verge of extinction
DR Congo Ebola outbreak: WHO in emergency talks as cases spread
Lionel Messi fever hits South Africa as Barcelona beat Mamelodi
The innocent kids growing up behind bars
Survivor of the Rwandan Genocide makes plea for peace.
How to stop Ebola spreading
World Cup 2018: Pape Souare left out of Senegal squad
BUSINESS HEADLINES:
10 Things We Learned From Trump’s Financial Disclosure Report – Forbes
12 Things You Need To Know About North Texas Real Estate – Forbes
14 Predictions for the future of media – Business Insider
2018 Budget: Experts Want Change In Disbursement Approach – Leadership
22 .5 MVA Capacitor bank to improve power supply in Keffi , environs – Peoples Daily
22 fast-paced thrillers you’ll want to bring to the beach this summer – Business Insider
3 Components of the Perfect Elevator Pitch – Entrepreneur
3 Hilton credit cards are offering increased welcome bonuses of up to 125,000 points ‘ but they’re only available for a limited time – Business Insider
3 Life Stories That Prove Precious Metals Are the Best Store Of Value – Forbes
3 reasons the gold rout may be over – Business Insider
3 Technology Trends Driving Adoption Of Collaboration Tools – Forbes
3 Ways You Can Connect With Gen Z Through Their Teachers – Entrepreneur
5 important things happening in South Africa today – BusinessTech
5 Of The Best Point-And-Shoot Cameras Based On Passionate Reviewers – Forbes
5 Things To Never Bring To Your First Job – Forbes
5 Ways To Refresh Your Mid-Career LinkedIn Profile – Forbes
5,400 widows to benefit from $500,000 SME grant – Punch
SPORTS
Adam Jones Buys Cal Ripken Jr.’s Maryland Estate for $12.5 Million – Bleacher Report
Aguero reveals Guardiola struggles and five-year knee woe – Goal
Aguero reveals Guardiola struggles and five-year knee woe – Goal
Aguero says he feels ‘like new’ ahead of World Cup – Vanguard
Angela Osaigbovo wins 3rd Rabiu Adeola U-12 Scrabble Championships – The Authority
Arsene Wenger: Arsenal yet to contact Manchester City coach – Daily Trust
Arteta has all the qualities’ required to become Arsenal manager ‘ Wenger – Vanguard
AT&T Byron Nelson 2018: Marc Leishman Leads, Shoots 1 Short of Course Record – Bleacher Report
Bamaiyi To Quit Golf For Air Force – Daily Independent
Basketball player dies in Lagos – Punch
Bayern Munich vs. Eintracht Frankfurt: 2018 DFB-Pokal Final Live Stream, TV Info – Bleacher Report
Bayern shouldnt call on me again Heynckes – Punch
Bolasie Out As DR Congo Name 28 Players For Super Eagles Friendly – Complete Sports
Buccaneers OC Todd Monken to Jameis Winston: ‘You Don’t Have to Try so Hard – Bleacher Report
Buffon confirms Juve exit – Punch
Chelsea vs. Manchester United: 2018 FA Cup Final Live Stream, TV Info – Bleacher Report
Concentrate On World Cup Preparation, Dalung Charges NFF – Leadership
Countdown (27) FIFA WC: Team spirit will help us against Croatia, Iceland, Argentina ‘ Rohr – Vanguard

Tracking Times – Entertainment
ENTERTAINMENT
BBNaija Winner, Miracle Ikechukwu Meets With Paul Okoye [Photos] – Gistlover
#BBNaija’s Cee-C becomes Brand Ambassador for House of Lunettes – Information Nigeria
#BBNaija’s Cee-C becomes Brand Ambassador for House of Lunettes – Bellanaija
#BBNaija3: Miracle hangs out with Psquare Paul Okoye and his family at their home (PHOTOS) – Information Nigeria
#BBNaija: Alex gets lovely homecoming party in Enugu [Photos +videos] – Gistlover
#BBNaija: Tobi Bags a ‘Chieftaincy’ Title In Enugu [Photos And Video] – Gistlover
#Cannes2018: Teyana Taylor, Chris Tucker, Tyga, Jason Derulo, Winnie Harlow spotted at Annual amfAR Cannes Gala – Bellanaija
10 Things To Avoid When Seeing Your Period – NET
13 reasons you’ll be spending your summer at the movies – CNN
2023 Presidency: APC Dangles Carrot At Ekweremadu – Information Nigeria
30 days of Ramadan: Day 1: Reflect and reconnect with Allah – Pulse
300L female student crushed to death by truck after falling off Okada on the way to school in Ogun State – Linda Ikeji
Abike Dabiri-Erewa says Video of IG Ibrahim Idris reading was Doctored – Bellanaija
About John Travolta dancing with 50 Cent at Cannes… – CNN
Abstract Art by Adesosa – Vanguard
Abuja Court adjourns Dino Melaye’s alleged false assassination case Indefinitely – Bellanaija
Actress Aisha Abimbola popularly known as Omoge Campus is dead – Nigerian Pilot
Actress Toyin Abraham To Chioma and Davido’s ‘You are still kids – 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.
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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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News5 years ago
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Biafra5 years ago
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Business4 years ago
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Suspected Fulani militia kill two in fresh Taraba attacks
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