Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY MON. 21 MAY 2018

LOCAL HEADLINES:
THE AUTHORITY
Ohanaeze Summit: No going back on plans to stop it-IPOB
Confusion in APC
Wike alerts on plots to assassinate him
Killings: 2.6 million Nigerians displaced-RURCON
NJC indicts FG over trial delays of alleged treasury looters
Gunmen abduct three house wives in Kaduna
NSCDC arrests 30 suspects in Bayelsa
Ondo NUJ condemns attack on members
Private armed guards illegal on vessels, FG insists
FG to enact law on breach of local content in ICT
Flight safety: NCAA, Lagos tackle illegal high rise structures
FG targets 50,000 shops with Ariaria power project
THISDAY
Igbo Summit: Ohanaeze Ndigbo Extends Invitation to IPOB Leaders
Ambode: Lekki Free Zone, Africa’s Next Investment Destination
FG’s Fuel Subsidy Regime Fraudulent, Says PDP
Court Fixes Tomorrow to Rule on N122bn Judgment Debt against Shell, FBN
Amnesty Office Denies Abandoning 19 Nigerian Students in Russia
FG Plans to Assassinate Me, Wike Alleges
Unknown Gunmen Kill Soldiers at Benue, Taraba Border
House C’ttee Queries NEXIM Bank over Arbitrary Lending Rates to MSMEs
Rivers APC LG Congresses Peaceful amidst Boycott by Abe’s Loyalists
APC Chieftain, Timi Frank Apologises for Role in Ousting Jonathan
Editors Mourn Tukur Abdulrahman
OML 18: San Leon Energy, Six Others Dragged Before Court
Court Slams CBN Officials over Forensic Audit
Fayose’s Dictatorship Will Kill PDP in Ekiti, Says Senator Olujimi
DAILY TIMES
Transmission Brouhaha: IGP Idris Is Brillant PPRO Says
Climate change: GIFSEP powers school with solar
US embassy in Jerusalem: a day of chaos and carnage at Gaza border
Benjamin Netanyahu: God bless Jerusalem, the eternal, undivided capital of Israel
US embassy in Israel: Might this move bring new life to the peace process
US embassy in Jerusalem: Watch Israels PM Benjamin Netanyahus address
US embassy in Jerusalem: Not all Israelis agree with Donald Trump
Violence mars APC Congress in Enugu
APC chieftain, Timi Frank apologizes to ex-President Jonathan
Parallel congresses in 14 states tears APC apart
Rivers agog for Wikes 3 years anniversary
THE SUN
Nigerians in Ghanaian prison urge FG to fast-tract MoU on transfer
We didn’t abandon students in Russia, says Amnesty Office
APC’ll end like PDP in 2019 ‘Stakeholders
We’ll rescue Bayelsans from PDP ‘Sylva, Lokpobiri
APC: Ganduje vows to deliver 5m votes for Buhari in Kano
NFF, LMC sign 1XBET as ‘Official Partner
Wolves retains recuperating Ikeme
Nembe community leader tasks Aiteo on Nembe FC
Fuel subsidy: PDP demands open probe
APM Terminals contribute N186bn annually to Nigeria’s economy ‘ Report
FG to float specialised bank to improve NDDC funding, projects
High-rise structures: NCAA, Lagos partner to sterm threat on aircraft
Communication Ministry to increase broad band penetration in rural areas
2018 Budget: Tough times ahead as implementation doubt persists
NEW TELEGRAPH
AIB’s damning verdict on pilots
$45m, N3.38bn loot: FG’s gain, Diezani’s loss
2019: PDP, SDP, ADC mull joint presidential candidate
Buhari’s ministers lose out, organise parallel congresses
CBN: Currency swap to open more export opportunities
Dangote: I want to be Africa’s biggest philanthropist
My enemies plotting to assassinate me-Wike
Worrying reduces vitamin D levels, weakens bones
NGE mourns New Nigerian newspaper’s MD, Abdulrahman
APC,PDP leaders meet over grievances
Saraki: We must prepare for possible Ebola outbreak
Obi laments Nigeria’s poor investment on education
PEOPLES DAILY
JAMB sets May 26 for rescheduled exams
NGE mourns late NNN boss, Tukur Abdularahman
No court injunction stopping our strike -JOHESU
Revenue agencies underpaid FG N8.086trn in 5 years -NEC
FG introduces biometric registration to curb farmers/herders crisis
We’re committed to stability in W/Africa, Buhari assures G/Bissau
World Hypertension Day: Doctors advise Nigerians on disease, prevention, treatment
Ramadan: Saraki, IBB, Atiku, Masari preach peace, unity
Aisha Buhari urges pharmacists to help stamp out drug abuse
2019: nPDP’s threat and way forward
NTDC partners Google on capacity building
Govs query NNPC over 60-65m litres daily petrol consumption claim
Ekwunife, Danbazau, others head APC State congresses, appeal Committees
Ekwunife, Danbazau, others head APC State congresses, appeal Committees
58, 260 registered PVC ready for collection in Zamfara ‘ INEC
WORLD HEADLINES:
CNN
What the royal family and Donald Trump both understand
Major city in DR Congo to get Ebola vaccine
Royal wedding breaks from monarchy tradition
China sends satellite to moon’s dark side
How Brexit could end flights in and out the UK
Richard Branson considers this one of his biggest mistakes
Deadpool 2′ topples ‘Avengers: Infinity War’ at the box office
China tests nuclear-capable bombers at South China Sea island
US to unveil “Plan B” to confront Iran
Mueller could end obstruction probe by September: Giuliani
Starbucks opens its bathrooms to everyone
Texas official blames everything but guns for school shooting
Kellyanne Conway: Leakers trying to ‘settle personal scores
Cougar kills mountain biker, injures another
Want the souped-up Tesla Model 3’ It’ll cost you
Vang Vieng, Laos: From party capital to eco-adventure paradise
China’s ‘beautified’ modern architecture
A Republican blamed sea level rise on rocks. Science weighs in
Aerials show lava river
Pakistani victim’s mission was to promote ‘mutual understanding
Cougar kills mountain biker, injures friend
BCC
New Zealand PM Jacinda Ardern takes stage as hologram
New internet laws pledged as social media firms snub talks
Banking by mobile app ‘to overtake online by 2019
Gender inequality: Stars tell world leaders poverty is sexist
UK turns blind eye to dirty Russian money, say MPs
The ‘day spa’ for pregnant sharks
Iceland PM on equal pay: It doesn’t just happen by sitting and waiting
Ben Makuch of Vice takes on police in Supreme Court
Pepe’s story: How I survived Spanish flu
How we will know if North Korea really ‘denuclearises
US weighs plans to curb Chinese investment
Sierra Leone sports minister hopes to restore peace
Exercising regularly ‘can keep heart and arteries young
Artificial intelligence can be weapon in cancer fight, PM to say
My hip replacement left me in constant pain
Mental Health Awareness Week: ‘My camera helped me beat anxiety
Manchester United: Nemanja Matic says club needs to sign ‘experienced players
Sporting Lisbon in shock cup final defeat, five days after players were attacked
Defending champions Mumbai Indians miss out on IPL play-offs
Zharnel Hughes beats Yohan Blake and Tyson Gay in Boston Games 100m
Neymar is an ‘artist who needs special treatment
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
Zarif: EU must increase Iran investments to save nuclear deal
Activists: ISIL fighters withdraw from Syria’s Yarmouk
Chelsea owner Abramovich’s UK visa ‘yet to be renewed’
Venezuela elections: All you need to know
Man’s leg shattered by lava spatter from Hawaii volcano
Greek mayor injured after ‘fascist assault’
Report: Trump Jr met Gulf states envoy offering election help
Palestinian President Mahmoud Abbas admitted to hospital
Sudan summons Egypt ambassador over ‘insulting’ TV series
India court jails ex-diplomat for spying for Pakistan
BUSINESS HEADLINES:
10 things to consider before taking mortgage loan – Punch
100 Secondary students trafficked to Libya from Edo state – Financial Watch
20 products and apps we swear by to fall asleep faster, stay asleep longer, and wake up well-rested – Business Insider
2018 Range Rover Velar, The F-Pace’s Off-Road Cousin – Forbes
5 Overlooked Problems WWE Must Fix ASAP – Forbes
6 Steps To Land Your Dream Job — In A New City – Forbes
9 details you might have missed on the latest episode of ‘Westworld – Business Insider
A Battery That Could Change The World – Forbes
A school in China is monitoring students with facial recognition technology that scans the classroom every 30 seconds – Business Insider
ABCON urges CBN to review exchange rate band for BDCs – Vanguard
Adonis Stevenson Vs. Badou Jack Results: Decision, Analysis And Twitter Reaction – Forbes
Adonis Stevenson Vs. Badou Jack, Russell Vs. Diaz, Weekend Highlights And Fight Reviews (VIDEO) – Forbes
Adonis Stevenson Vs. Badou Jack, Russell Vs. Diaz, Weekend Highlights And Fight Reviews (VIDEO) – Forbes
Africa Re to develop young insurance professionals’ capacities – Punch
After 1% approval of budget towards healthcare, next is to amend NHIS Scheme – BusinessDay
After Historic Double-Treble Celtic’s Dilemma; Dominant At Home But Overmatched In Europe – Forbes
Ahmed Buhari: ‘Why I want to be Nigeria’s president – Financial Watch
AIICO Insurance’s 48th AGM holds May 24 – The Authority
SPORTS
2 Santa Fe Shooting Victims Attend Their Team’s Playoff Baseball Game – Bleacher Report
2018 Abuja Unity Polo: Rubicon edge Trappco to lift President Cup – Daily Trust
3SC wallop Bayelsa United 4-0 – Punch
4-Star Prospects DB Jeremiah Criddell, RB Sean Dollars Commit to Oregon – Bleacher Report
Aaron Wise Bests Marc Leishman by 3 Strokes for AT&T Byron Nelson 2018 Win – Bleacher Report
Another woman accuses Jordaan of sexual assault – Punch
Barcelona Send Iniesta Off With Win Over Sociedad – Complete Sports
Barcelona Top Real Sociedad 1-0 in Andres Iniesta’s Final Match with Club – Bleacher Report
Barcelona vs Real Sociedad : Iniesta bows out with Barca win thanks to Coutinho – Vanguard
Barcelona vs Real Sociedad : Iniesta departs Barcelona in style – Vanguard
Bonfrere to Eagles: Focus on Croatia, Iceland not Argentina – New Telegraph
Brume Leaps Back Into Global Reckoning As Okagbare Shines In Jamaica – Complete Sports
Cardinals’ Jordan Hicks Throws Fastest Strike in MLB Statcast History at 105 MPH – Bleacher Report
Celtics News: Shane Larkin Does Contact Drills During Shoulder Injury Rehab – Bleacher Report
Champions League Final: Zidane Names Strong Squad – Leadership
Chelsea beat Manchester United to lift FA Cup – Daily Trust
Chelsea must end uncertainty over Conte future – Cahill – Goal
Chelsea must end uncertainty over Conte future – Cahill – Goal
ENTERTAINMENT
#BBNaija’s Nina is Building an Empire! – Bellanaija
#BMAs: Kendrick Lamar, Drake, Ed Sheeran announced as Early Winners for Billboard Music Awards – Bellanaija
After Preaching Celibacy’ Nigerians React to Linda Ikeji’s Pregnancy – Information Nigeria
Apostle Suleman calls out Daddy Freeze & Pastor Sunday Adelaja – Information Nigeria
Bae Watch’! Yvonne Orji is dating NFL Athlete & ESPN Analyst Emmanuel Acho – Bellanaija
BBNaija 2018: Alex opens up on nude Snapchat photo, abortion – DailyPost
Beauty Bits: ‘Carrie Underwood loves these leggings, and so do I – Pulse
Beyonce is now the owner of a Church in New Orleans – Bellanaija
Billboard Music Awards 2018: Kendrick Lamar, Ed Sheeran win big at music ceremony – Pulse
Billionaires Femi Otedola & Aliko Dangote take Bus Ride with Governor Ambode to inspect Lagos State Projects – Bellanaija
BN Red Carpet Fab: 2018 Billboard Music Awards | #BBMAs – Bellanaija
BN Style: See Dencia’s Extraordinary Look for the 2018 Billboard Music Awards Tonight! – Bellanaija
BN Style: Your First Look at All the Red Carpet Beauty at the 2018 Billboard Music Awards – Bellanaija
Bobrisky shares first photos from his ‘marriage introduction – Information Nigeria
Buhari: President administration, bad business for corrupt politicians, civil servants, others ‘ Presidency – Pulse
Chrissy Teigen And John Legend Share Name And First Snap Of Their New Baby Boy – Stella Dimoko Korkus
Dangote: I want to be known as Africa’s biggest philanthropist ‘ Billionaire says – Pulse
Davido Shutsdown South America!!! Performs To Crowd Of Over 10,000 People And They All Sang His Songs Word For Word (Video) – Information Nigeria
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
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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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