Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY SUN. 20 MAY 2018


Tracking Times – Headlines
LOCAL HEADLINES:
PUNCH
Attend Ohanaeze summit at your risk, IPOB warns
More confusion in APC as party holds state congresses
Buhari congratulates Falana at 60
Popes team leads 50 bishops to Benue mass burial
Again, herdsmen kill six in Benue
Nigeria vs Congo: WHO convenes emergency meeting on Ebola
Coalition, nPDP insist PDP must change name to forge alliance
Ondo crisis: Rep, APC chief bicker over Akeredolu, SSGs role
OAU Senate, council joint panel to probe sex-for-mark scandal
Fayemi, Fayose trade words over attack on Oni
Oyo crisisll affect APC in 2019 Aspirant
Hi-Impact TV targets WAEC, JAMB candidates
Police make contact with Syrians abductors
MASSOB to celebrate Biafra day
VANGUARD
IPOB attacks Ohanaeze, opposes Awka restructuring seminar
We do not require Police report to treat gunshot victims ‘ Reddington Hospital
Ugwuanyi pledges support as Enugu CBN Solar City takes off
N’Delta ex-militant leaders support Sowore for Presidency
How Customs intercepted $181,000 drugs at airport
2019: Erstwhile Delta Assembly Speaker, Ganagana, declares for Reps
Excess taxation: Ferry Boats Owners Union begins strike Monday
Breaking: Suspected herdsmen kill Head Teacher, five others in Benue
DAILY INDEPENDENT
Osinbajo’s And Herdsmen Killings Religious Colouration
Idris: Between Nigeria’s Senate And The Super Cop
Xenophobia: Time For FG To Call South Africa To Order
New PDP Has Not Benefitted Much From Buhari’s Govt ‘ Frank
How NASS Can Impeach President Buhari ‘ Ukori
Why There Will Be Power Shift In South East Come 2019 ‘ Kanu
Ekiti 2018: Nigerians Protest Delay In Fayemi’s Resignation As Minister
Mixed Reactions Trail Borno’s ‘Shoe Polish’ Empowerment
BBOG Rate Atiku, Osibanjo
What Is Responsible For IGP Idris Stammering In Trending Video
Preventing Nigeria From Total Collapse
DAILY POST
Leah Sharibu: CAN, PCA reveal what will happen if Christian girl dies in captivity
Dino Melaye mocks APC over parallel congresses
Ekiti guber: Fayose jittery over Fayemi’s candidacy – APC
Ekiti guber: Fayemi accuses Fayose, PDP of planning to attack Oni’s supporters
Okorocha absent as Imo APC congress holds at secret venue
Chime, Nnamani, others escape attack as violence mars Enugu APC Congress
Police launches manhunt for reporter who posted IG Idris’ video of transmission speech
Oyo APC finally splits, holds parallel congresses in Ibadan
Governor Okowa loses aide, Omene
Okonjo-Iweala reveals how politicians fund elections in Nigeria
APC congresses: Dogara, nine others drag Oyegun to court
Ezeonwuka speaks on Okorocha’s alleged offer of N3billion to return to APGA
Senator Akpan sues EFCC over alleged rights abuse
SAHARA REPORTERS
Prince Harry And Meghan Markle Tie The Knot In British Royal Wedding
Makoko Residents Storm Panti Police Station Over Killings
Killings: Army Cannot Deploy Troops To All Benue Villages, Says Audu Ogbeh
At Least 10 Injured As NURTW Thugs Attack Delegates, Journalists At Ondo APC Parallel Congress
Oyo APC Holds Parallel Congresses
Lagos APC Faction Congress Crowns Fouad Oki As State Chairman
Doctors Separate Conjoined Twins In Yola
Troops Kill Two Female Bombers In Borno
Imo APC Congress Held At Secret Venue Despite Court Order
Army Committee Faults Danjuma’s Claim Of Troops’ Collusion In Taraba Killings
Public Hearing On Bill To Criminalize Use Of Estimated Billing By Discos Holds June 5 – Hon. Gbajabiamila
WORLD HEADLINES:
CNN
China to ‘significantly increase’ purchase of US goods and services
NYT: Trump Jr. met with Gulf emissary at Trump Tower ahead of election
Former model and young son die in plunge from New York hotel
US withdrawing aid from northwest Syria
Cuba mourns more than 100 killed in plane crash
Why Americans are paying more for everything
How 3 men ‘saved’ 1968
Watch lava spew from volcano in Hawaii
Chelsea beats Man Utd in cup final to salvage disappointing season
Heavy favorite Justify wins Preakness, will shoot for Triple Crown at Belmont
Formula E gets glimpse of future before Abt dominates
Couple finds buried treasure in backyard
The pageantry, the ceremony, the dress, the hats
A-list royalty: Stars flock to Windsor
The most fascinating hats and fascinators
Meet Meghan’s adorable bridal party
A day in Windsor when everything changed
Every romantic, emotional moment from one heck of a royal wedding
The royal wedding, in pictures
Conte’s Chelsea upsets Man Utd in FA Cup final
Searching for a royal wedding alternative’ Try this …
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
Santa Fe school shooting suspect ‘spared victims to tell his story
zil and Gndogan meet German president after Erdogan photos row
Cannes 2018: Japanese indie Shoplifters wins Palme d’Or
Luc Besson: French film director accused of rape
Cougar shot dead after killing US cyclist and mauling another
Death of Hitler: How the world found out from the BBC
Colombia LGBT: The shop that wants men to ‘leave behind shyness
Could James Comey have been a basketball superstar
Nigeria defender Ebuehi joins Benfica on five-year deal
Ivory Coast seeks CAS intervention in Fifa ‘relentless’ demands
Are we eating at the wrong time for our body clocks
Comfort box gives Norfolk cancer patients a ‘little lift
Tomorrow’s cities: Park with four seasons under one roof
Chelsea v Man Utd: How the players rated at Wembley in FA Cup final
Ronaldo & Bale score but Real let slip two-goal lead to draw at Villarreal
FA Cup final: Chelsea didn’t deserve win, says Manchester United boss Jose Mourinho
Josh Warrington stuns Lee Selby to win IBF world featherweight title
I am committed but I can’t change – Conte
Royal wedding 2018: Inside glam US viewing party… at 6:45am
Hazard penalty gives Chelsea FA Cup final win over Man Utd
Halep beats Sharapova to reach Italian Open final
AL JAZEERA
Cuba plane crash: Black box found as 110 confirmed dead
Farah ‘getting back to normal’ but scars of heavy fighting remain
China bomber makes debut landing on South China Sea island
Analysis: What’s next for Hezbollah in Syria?
Pakistani exchange student killed in US school shooting
Burundi opposition leader: Referendum a ‘parody’
In Kashmir, India PM Modi says ‘development is the solution’
Sadr’s bloc wins Iraqi parliamentary polls
Erdogan calls on Muslim countries to unite and confront Israel
Saudi Arabia ‘arrests women’s rights activists’
BUSINESS HEADLINES:
2017: NNPC loses $500m to subsidy, poorly maintained refineries – New Telegraph
2018 Preakness Results: Justify Takes Second Leg of Triple Crown, Bravazo Places, Tenfold Shows – Forbes
2018 Preakness Results: Justify Takes Second Leg of Triple Crown, Bravazo Places, Tenfold Shows – Forbes
2018 Preakness: Updated Saturday Odds, Best Bets, And How To Play A Top-Heavy Field – Forbes
2019: Followership of the illiterate and Buhari’s likely return – BusinessDay
5 Selfless Ways To Follow In Meghan Markle And Prince Harry’s Footsteps – Forbes
5 Tips For Building An International Business On A Budget – Forbes
5 Tips For Building An International Business On A Budget – Forbes
A Greek Island Pops Up In Downtown Shanghai – Forbes
Adidas sold 1 million pairs of sneakers made from ocean waste in 2017 ‘ now the company is introducing a line of recycled clothing and taking steps to become even more sustainable – Business Insider
Adonis Stevenson Vs. Badou Jack: 10 Things You Should Know About Saturday’s Fight – Forbes
Adonit Droid Review: Your Surprisingly Precise Stylus – Forbes
AHA: How Much Fish You Should Eat To Reduce Heart Disease, Stroke Risk – Forbes
AHA: How Much Fish You Should Eat To Reduce Heart Disease, Stroke Risk – Forbes
America First’ should start with the plight of the country’s abandoned Native population – Business Insider
As Tesla Ramps Model 3 Production The Stock Downshifts – Forbes
Association urges FG to regulate operations of estate agents – Daily Trust
At least 20 injured, 1 missing after explosion and fire at Texas chemical plant – Business Insider
SPORTS
Signs 3-year partnership deal with LG Electronics – The Sun
2018 Belmont Stakes: Early Odds and Predictions Following Preakness – Bleacher Report
2018 FIFA W/Cup: Russian Embassy promises supporters club prompt visas – Vanguard
Abt wins Berlin ePrix after Rosberg showcases Gen2 car – CNN
All Stars suffer player exodus – Kickoff
Allardyce disappointed by Everton sacking – Daily Trust
Alloy Hails Moses, Hopes Chelsea Star Repeats FA Cup Success With Super Eagles – Complete Sports
Ashadi excited by chance to play against Atletico Madrid – Daily Trust
AT&T Byron Nelson 2018: Marc Leishman, Aaron Wise Tied for Lead After Saturday – Bleacher Report
Badminton Federation Swats Down New Scoring Plan – Leadership
Balotelli Gets Italy Call By New Coach Mancini – Leadership
Barcelona Transfer News: Tottenham Reportedly Close on Riqui Puig Amid Rumours – Bleacher Report
Baseball-Themed Gender Reveal Goes Awry as Ball Hits Man in Head – Bleacher Report
Bayern Munich 1-3 Frankfurt: Reds Denied Dream Double as Ante Rebic Stars in Cup Final – FTBpro
Besiktas boss Gunes hints at Liverpool move for Talisca – Goal
Besiktas boss Gunes hints at Liverpool move for Talisca – Goal
Bill Belichick Spotted with Justify Winning Party at 2018 Preakness Stakes – Bleacher Report
Boateng calls for support ahead of Cup final against Bayern Munich – Daily Trust
ENTERTAINMENT
#RoyalWedding: Kate Middleton Just Might Be The Real Snapback Queen! – NET
#RoyalWedding: Meghan Markle Looks Absolutely Gorgeous On Her Big Day – NET
#RoyalWedding: Your Comprehensive Guide To Everything Meghan Markle Wore For Her Big Day – NET
2018 FIFA World Cup : all you need to know about team ‘PORTUGAL – Gistlover
2face is a doting father Annie Idibia – Punch
Adekunle Gold Takes Fans by Surprise: Exclusively Unveils About 30 Album Tracklist to Each – Daily Times
Beauty Bits: OMG Kate Middleton looks amazing at the royal wedding ‘ 3 weeks after giving birth – Pulse
Carl Adebare Adekola becomes the first Nigerian to to sing at the Royal wedding – Daily Times
Champagne, langoustines, and pork belly are a few of the things guest are eating at the royal wedding, here’s the full menu – Business Insider
Checkout These Lovely Pre-Wedding Photos Of Nigerian Comedian Ajebor And His Fiancee Uchechi – NET
Coloured shorn hair – New Telegraph
Cursed: 55-yr-old pastor flogged for abducting, impregnating 10-yr-old – Pulse
Dreams Come True! Wizkid’s Concert at the O2 Arena is SOLD OUT – Bellanaija
FA Cup: Chelsea beat Manchester United 1-0 to win title – Pulse
FA Cup: Victor Moses and other Nigerian players who have played in final – Pulse
Fitness: How’and why’you should def use a foam roller – Pulse
Food Recipe: How to cook stew with pumpkin leaves – Pulse
Ghana To Host AFRIMA 2018 – Leadership
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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