Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY FRI. 25 MAY 2018


Tracking Times – Headlines
LOCAL HEADLINES:
DAILY POST
Biafra: IPOB warns agitators allegedly ‘romancing Arewa politicians’n ago
Boko Haram: How Nigerian soldiers, civilians impregnated us, killed our husbands – Victims
Our report based on eyewitness accounts – Amnesty International
EFCC vs Badeh: GTBank testifies in N3.97bn fraud case
What SGF told APC governors
N500m fraud: Shagari, Wali, others get bail
Rape in IDPs camps: Why FG should not ignore Amnesty International report – Shehu Sani
APC accuses Gov. Seriake Dickson of ordering killing of protesters
What Saraki said after meeting with Buhari
Court voids suspension of Reps member, Jibrin, orders payment of allowances
Omokri attacks Fr. Mbaka over herdsmen killings, Buhari’s stand on Abacha
Ekiti guber: Atiku heads 77-member APC Campaign Council [Full list]
Herdsmen killings: Tinubu reveals who to blame
VANGUARD
OYW commends Ndigbo for successful Awka submit, urges IPOB to embrace restructuring, work with Ohanaeze
FRSC cautions against hazards of rainy season
Wike emerges Leadership Newspaper Governor of the Year
Children’s Day: Intensify efforts to release Leah, remaining Chibok girls, Senate tells FG
N400m fraud trial: Absence of defence lawyer stalls Metuh’s trial in absentia
Heart failure patients have higher risk of dying ‘ Prof. AlHabeeb
SALESRUBY Gathers Sales Leaders and Business Owners to Learn Modern Sales Strategies
61st birthday: ‘Aregbesola remains best in Osun’s history
CJN, Fayose, Udom advocate independent, strong Judiciary
Why Gov Emmanuel’ll be re-elected ‘ Commissioner
Be innovative to be viable, VP tells states
Declaring me wanted’s attempt to embarrass my personality ‘Innoson chairman
Imo APC crisis: Okorocha’s faction takes over party secretariat
THE AUTHORITY
Biggest shame on the Igbo is silence over the disappearance of Kanu.
Killings: Buhari treating cancer with Vaseline -Soyinka
Nigeria’s war of leaders
Ohanaeze makes proposal for the making of a new Nigeria
Fulani agenda is occupation, not grazing
Al-Makura and the excellent Ekiti APC primaries
Six year single term, a threat to 2023 Igbo Presidency project, says Abia guber hopeful
Ekiti: SDP guber candidate vows to defeat APC, PDP
Ekiti: APC inaugurates 14 Governors, Ministers, others for Fayemi Campaign team
NADDC Boss conferred With Fellowship Of Technology, Youth Development
Row in Senate over FG’s bid to takeover rivers, lakes
PILOT
RHETORICS, GADAFFI AND THE KILLINGS IN NIGERIA
Is Nigeria a failed state
South East stakeholders urge FG to adopt AfCFTA agreement
Codeine: From drug usage to drug abuse
I warned Nigerians about Buhari- Fayose
FG warns contractors over delay on project delivery
Buhari appoints former IG Musliu Smith as PSC Chair
Niger state partners NIRSA on mechanised farming
FG pays N2.7 trillion debt to contractors- Minister
NMA seeks protection for doctors, staff in hospitals
FG pays N2.7 trillion debt to contractors- Minister
Transportation sector can generate more revenue than oil ‘ Shippers’ Council boss
Release illegal detainees as birthday gift- Falana
Court sentences man 25 to death in Osun for murder
SAHARA REPORTERS
After 20 months, Court Voids Jibrin’s Suspension, Orders Repayment Of His Salaries
Finally, Reps Kill Peace Corps Bill
Innoson Motors Chairman Declared Wanted For Fraud ‘ After Shunning The Court Five Times
APC Names 14 Governors Among 77-Man Campaign Council To Ensure Fayemi Beats Fayose’s Candidate
Gombe Assembly Lawmaker Steals Mace After Failed Impeachment Of Minority Leader
Trump Cancels Meeting With Kim Jong Un Over ‘Tremendous Anger And Open Hostility’ From N’Korea
Akwa Ibom Gov’t Says JOHESU Will Account For Lives Lost
Alleged N4b Fraud: Court Grants Bail To Jang
It’s Time For Ndigbo To Ask Nigeria Hard Questions- Gov. Obiano
WORLD HEADLINES:
CNN
The day we saw decades of North Korea’s nuclear work go up in smoke
15 people injured in explosion at restaurant near Toronto
Pitfalls: How axing summit might hurt US more than help it
Made before the summit: What happened to the commemorative coin
World’s largest freshwater pearl
How Starbucks will train its staff to be less biased
North Korea says it’s still willing to meet with Trump
Assange’s refuge in Ecuadorian embassy ‘in jeopardy
Harvey Weinstein will be charged with rape, source says
Taiwan slams China after Burkina Faso cuts ties
China fines Muji over Taiwan label on packaging
Netflix is now worth more than Disney and Comcast
How an Alexa speaker recorded and shared a private conversation
Elon Musk is humiliating himself
Rosberg: Formula E’s advantages over F1
Laurel-Yanny’ voice reveals what he said
The week in 22 photos
Cat clings to car roof at 60mph
After Trump cancels summit, N Korea says it will still talk with US ‘any time and in any way
Trump:N. Korea summit cancellation is ‘a tremendous setback
Full text: Trump’s letter to Kim Jong Un
BBC
Mississauga explosion: Suspects ‘detonate IED’ in restaurant
North Korea: Video shows nuclear test site ‘destruction
Refugee crisis: The Syrians abandoning Europe
The Muslims who fast for 22 hours a day in Iceland
Standing up to street harassment in France
Why NHS costs just keep going up
Apple awarded $539m in US patent case against Samsung
Lauded by Hamilton and Vettel – just how good is Sauber’s Leclerc
New England captain Farrell on pressure, his dad & his famous stare
North Korea ready to talk ‘at any time’ with Donald Trump
Harvey Weinstein to surrender to police – US media
GDPR: EU data protection regulation comes into force
Brazil reaches deal with hauliers to suspend fuel strike
Record US fentanyl bust ‘enough to kill 26 million people
Gurtel corruption case: Spanish ruling party officials found guilty
Rush to buy Trump-Kim coin after summit cancellation
I took 57 painkillers a day to get high
Angelina Jolie’s Breadwinner spotlights Afghan girls’ plight
Saving flood water to get through the droughts
Egypt team to decide on fasting for World Cup build-up
Zambia national coach Wedson Nyirenda resigns
AFP
Weinstein expected to surrender to NY authorities Friday
N. Korea open to US talks ‘any time’ despite Trump axing summit
Iran nuclear deal signatories meet for first time since US pullout
Ireland decides on its strict abortion laws
EU’s new data protection rules come into effect
Muslim inmates in Alaska fed pork during Ramadan: activists
Iniesta coup puts J-League on the map, says Perryman
Catholic priest ‘infected with Ebola’ in DR Congo
Jury tells Samsung to pay big for copying iPhone design
Brazil close to paralysis as truckers press on with strike
Liverpool out to end Real hegemony in Champions League final
Lucasfilm planning ‘Star Wars’ spin-off on Boba Fett: reports
No evidence of ‘spy’ in Trump camp, Democrats say after intel brief
AFP to launch fact-checking sites in English, Spanish and Portuguese
Two killed in fresh Nicaragua clashes after talks collapse
N. Korea says still open to talks with US
Models, actresses, employees: the women speaking out against Weinstein
Extra weight may boost patient survival: study
Morgan Freeman apologizes after sexual harassment claims
Final campaign push before bitter Irish abortion vote
Macron hails ‘frank’ talks with Putin in Russia
Facebook, Twitter tighten rules for political ads
Missile that downed MH17 plane came from Russian military: investigators
AL JAZEERA
US must reject $1bn arms sales to Bahrain: HRW
Saad Hariri to be Lebanon’s next prime minister
Saudi authorities release three women’s rights activists
Investigators: Russian missile downed MH17 over Ukraine
US President Donald Trump’s letter to North Korea’s Kim Jong-un
Erdogan sets out AK Party platform for upcoming election
N Korea ‘demolishes’ nuclear test facility
Deadly monsoon rains lash Sri Lanka
Judge: US government withheld evidence in J20 trial
Israel to seek US recognition of occupied Golan Heights
BUSINESS HEADLINES:
$350m loan: Kaduna Senators warn finance houses against fronting for state – Peoples Daily
$700bn needed yearly to finance Africa’s development-AfDB – The Authority
10 Creative Ways To Attract Top Talent To Your Company – Forbes
12 books you should read before starting a business – Business Insider
12 Interview Questions For Hiring Simplifiers, Not Complicators – Forbes
13 things I wish someone had told me before I had a second baby – Business Insider
15 Ways New College Grads Should Ready Themselves For The Workforce – Forbes
20 useful grooming gifts to get your dad for Father’s Day – Business Insider
2018 budget threatened over N2.7tr arbitration fine against Nigeria – The Sun
25 celebrities who look even better with a beard – Business Insider
3 Areas Of Society Hip-Hop Culture Will Dominate By 2020 – Forbes
3 Phrases You Never Want Hear From Your Financial Advisor – Forbes
3 Ways Companies Are Messing Up Digital Transformation, And 3 Steps To Fix It – Forbes
35 stocks fall, investors lose N154bn in one day – Punch
350, 000 benefit from FG’s MarketMoni interest-free loans – The Sun
4 Important Cryptocurrency Facts Business Owners Should Be Aware Of – Forbes
40% Of Americans Can’t Pay $400 Emergency Expense – Forbes
5 Costs To Consider Before You Buy A Home In 2018 – Forbes
SPORTS
19th National Sports Festival starts Dec 6 – New Telegraph
2018 World Cup: Super Eagles lack Depth ‘ Eguavoen – Nigerian Pilot
A closer look at how the USMNT could line up against Bolivia – Goal
Adrien Rabiot refuses to be on France’s World Cup standby list – Daily Trust
Arsenal Transfer News: Roma’s Lorenzo Pellegrini Reportedly Targeted – Bleacher Report
Asaba City Stadium: Gov.Okowa gives contractor deadline – Nigerian Pilot
ASTYMIN promises Eagles N1million per goal – Vanguard
Barcelona legend Andres Iniesta is moving to Japan – Daily Trust
Bolton Wanderers release Chinedu Obasi – Goal
Bolton Wanderers release Chinedu Obasi – Goal
Brandon Marshall: Donald Trump’s Comments on NFL Anthem Policy ‘Disgusting – Bleacher Report
Cameroon Open: How Nigeria Maintained Supremacy, Raked N19.6m In Five Wins – Daily Independent
Can Spieth Get It Right At PGA Colonial – Daily Independent
Champions League crown could fire Salah to Ballon d’Or – Muller – Goal
Champions League crown could fire Salah to Ballon d’Or – Muller – Goal
CHAMPIONS LEAGUE FINAL IN NUMBERS: Fun Stats About Liverpool, Madrid Ahead Of Kiev Showdown – Complete Sports
Chelsea, Maurizio Sarri Closing in on Two-Year Contract After “Marathon Meeting” – Bleacher Report
Chris Paul ‘Worried’ After Suffering Hamstring Injury at End of Game 5 – Bleacher Report

Tracking Times – Entertainment
ENTERTAINMENT
#BBNaija: Clad In Just Towel, Nina Glows As She’s Unveiled As Skincare Brand Ambassador (Photos) – Information Nigeria
#MeToo: 8 Women Accuse Hollywood Veteran Actor Morgan Freeman Of Sexual Harassment By – NET
#ThrowbackThursday; Can you guess who the stars are in these photos – Information Nigeria
(PHOTOS) Reality Star Bares It All – Information Nigeria
17 Royal rules Meghan Markle has to follow – Nigerian Pilot
5 things you need to know about Idowest, the new Artiste signed by Davido – Information Nigeria
8 women accuse Morgan Freeman of inappropriate behavior, including sexual harassment – Business Insider
A Story of Xenophobia!Hakeem Kae-Kazim & Fabian Adeoye star in Akin Omotoso’s ‘Man on Ground’ | Trailer – Bellanaija
A Trip to Kajuru Castle with Bae! Watch a New Episode of Akah Bants on BN TV – Bellanaija
Actor IK Ogbonna Fights Wife, Sonia’s Enemy – Nigeriafilms
Aisha Abimbola: Nollywood Holds Candlelight Procession For ‘Omoge Campus’ (Photos) – Information Nigeria
An inside look at how MoviePass will make money distributing movies, and what will happen if the company goes bust (HMNY) – Business Insider
Arsenal Stagnated Under Wenger ‘ Aubameyang Explains – Information Nigeria
Bachelorette’ Becca Kufrin admits to falling for 2 men – CNN
Barcelona Legend Iniesta Joins New Club’See Details – Information Nigeria
Bella Naija cord lace styles 2018 – Nigerian Pilot
Best Boss Ever’ See The Brand New Lexus SUV An Anambra Businessman Just Gave To His Staff (Photos) – Information Nigeria
Brazilian Football Star, Ronaldinho Reportedly Set To Marry Two Women At The Same Time – 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
Health: Genotype And Compatibility, Phenotype, Blood Groups And DNA
In my walk as a leadership coach, I have keenly observed leaders who are managing rather than leading. Managing involves ensuring that processes achieve their intended outcomes. Leaders are above managing and should focus on creating an enabling environment for innovation, inventions, and team collaboration. The primary role in leading is not to monitor process outcomes, though critical to the company’s overall objectives, but to align corporate values with the people’s aspirations to create an engaged and ownership-thinking mindset ready to take on challenges and explore opportunities. An alignment of corporate and personal goals will not only deliver the present performance expectations. Still, it will also incubate innovations to adapt to future market demands and the sustainability of the business.
Unfortunately, the capacity for ambidexterity is rare and often marked by leaders’ exposure, approach and styles, perception, and perspective of their roles in the organisation. A leader with a wrong foundation in these areas is set for failure and awaits unfavourable decisions from the board of directors. A top-level leader might manage their teams instead of leading them. Not all leaders can combine leading for the present with building institutions. However, anyone able to submit themselves to an institution-building mechanism can champion sustainability. Aside from being a leadership coach, I help leaders achieve sustainability.
Mathematically, creating an ambidextrous organisation is beyond leading. It is to lead and build an institution that focuses on sustainability in all aspects of the organisation—employee fulfilment, customer retention, strategy effectiveness, performance evaluation, stakeholder management, process improvement, and goal congruence.
In a nutshell, the role of successful leaders in ambidextrous organisations is striking a balance between exploiting current assets and capabilities to ensure short-term success and allocating enough energy and resources to exploration to ensure future viability. The two primary tasks of a top-level leader are to exploit and explore the organisation with people for now and in the future. The two seemingly contradictory aspects—exploitation and exploration—encompass different strategies and processes and have different targets and outcomes (March 1991; O’Reilly & Tushman, 2004; O’Reilly & Tushman, 2013).
O’Reilly and Tushman described the two concepts as follows:
- Exploiting: Exploiting involves building on an organisation’s achievements and maximising returns on previous investments. It focuses on responding to current business demands to remain efficient and competitive within an established market niche, as well as on maintaining an existing customer base and stakeholder relationships. Examples of exploiting are activities focused on continuous improvement, benchmarking, and redesigning business processes.
- Exploring: Exploring focuses on expanding an organisation’s knowledge and capabilities, pioneering new products and services, and discovering and venturing into untapped markets.
The common area of practical bottlenecks in exploiting and exploring in organisations is a need for foundational trust and cohesion among the resources, especially the human capital, which are often treated as costs rather than assets to the organisations. Among all the factors of production, only humans can be ambidextrous with the capacity to think about changes in economic parameters and adjust their behaviours to match the time, content, and contextual requirements.
While organisations might have the resources to deploy in fighting competition, technology to obtain first-mover advantages, and production capacity to maximise output from input, none is compared with the potential of an engaged workforce.
Therefore, for leaders to be successful, they must refrain from operating in the realm of managing. They should operate in the capacity of institution builders, with the mindset of creating sustainable leadership and growth with people first and other factors of production second.
Consequently, only the leaders who prioritise their people over profits, pride, and organisational arrogance will be successful in the long term.
-
News5 years ago
$800m oil fraud: resign as Petroleum Minister – Frank tells Buhari, asks for probe
-
Biafra5 years ago
PROPHECY: Powerful Prophecies for Mazi Nnamdi Kanu and Chief John Nnia Nwodo by Pst. Maxwell Nnawuihe (Text & Video)
-
Biafra5 years ago
BREAKING: Dragon Flag Can’t Come Down, You Must Allow Our Brave Men To Do Their Job – Nnamdi Kanu
-
Business8 years ago
NEWS PAPER HEADLINES FOR TODAY THURSDAY 28 SEPT 2017
-
Business4 years ago
FUEL: PPPRA removes new petrol price post as NNPC insists no hike
-
Business7 years ago
Suspected Fulani militia kill two in fresh Taraba attacks
-
Biafra5 years ago
VIDEO: Powerful Prophecies for Mazi Nnamdi Kanu and Chief John Nnia Nwodo by Pastor Maxwell Nnawuihe
-
News6 years ago
A fatal accident along Benin/Auchi express way has claimed the lives of an entire family while traveling for Christmas.