Business
LOCAL AND WORLD HEADLINES FOR TODAY WED. 20 JUNE 2018


Tracking Times – Headlines
LOCAL HEADLINES:
PUNCH
Govt to set up ranches in Oyo, Benue, Kaduna, seven others
Controversy surrounds death of Ekiti cop, other
Suspected killers of Abuja woman lead detectives to crime scene
Biafra: IPOB plans referendum, prints ballot papers
nPDP cant be ignored, Timi Frank tells Buhari
UNICEF laments high infant mortality
Gene signature and early diagnosis of TB
Dangers of oil and gas exploration to reproductive health (2)
Lagos govt locks up buildings, shuts tenants in
VANGUARD
FG rolls out 6-point plan to solve farmers-herders crisis
No officer was knocked down by VP, Fayemi’s convoy ‘ Ekiti Police
Naira depreciates to N361.25/$ in I&E window
APC CONVENTION: Presidency’s interests in positions rattle permutations
UNIJOS VC begs herdsmen to stop grazing on campus
Universal Access: Nigerians access internet at great cost
One year after, family of missing Police sergeant cries out
2 killed in another Ojuelegba Bridge truck accident
CAN seeks Buhari’s intervention in death sentence on 5 Christian youths
DAILY TIMES
ISIS sneaking jihadists into Nigeria from Syria
Herdsmen still encroach our premises Unijos VC
STF averts post Sallah conflict, arrests bandits
Osun 2018: Group accuses Oshiomole of plans to rig APC primaries for Tinubus candidate
Asabe Shehu YarAdua, ASYARF founder, bags Sir Ahmadu Bello Platinum Award
APC only trying to impress Nigerians because of election year Jang alleges
Atiku visits Fayose, canvasses support for PDP candidate
Ekiti Assembly Deputy Leader dumps PDP, joins APC
Nationwide blackout: TCN assures of normal power supply in 24 hours
SAHARA REPORTERS
Troops Arrest Militia Men In Benue
Eight Killed In Bauchi Windstorm, Buhari Sends Delegation
Atiku Woos Dickson Ahead of Presidential Election So They Can ‘Restructure Nigeria Together
Atiku Woos Dickson Ahead of Presidential Election So They Can ‘Restructure Nigeria Together
Tinubu Tells Ekiti Electorate: Vote For Fayemi… He Is A Friend Of The President
Obasanjo Suggests God Is Laughing At Buhari Over 2019 Re-election Bid
CAN Begs Buhari To Reverse Death Sentence On Five Christians Who ‘Killed’ Herdsman In Adamawa
BLUEPRINT
Only restructuring can rescue Nigeria -Atiku
APC Convention: Aspirants threaten walkout as leaders drop outgoing NWC members from ‘unity list
APC Convention: 600 former Reps endorse Nwogu as National Organizing Secretary
Breaking: Buhari cancels Wednesday FEC meeting, to sign 2018 budget
Russia 2018: Okocha blames Rohr for Iwobi’sloppy performance against Croatia
On fathers’ day; to the IG of Police and Simeon, by Prince Charles Dickson
Dalung drums Nigerian fans support for Eagles
Rohr defends playing 4-2-3-1 formation against Croatia
Financial analysts predict further drop in inflation in June, July
NIGERIAN PILOT
What it will take to transform Nigeria
Incumbency factor in presidential elections
Mother of 3 bathes 10yrs old orphan with hot pepper
Ekiti Deputy Majority Leader, dumps PDP joins APC
Opposition behind tricycle operators protest ‘ Union
Kano under-aged voting: Committee’s report’ll be out soon ‘ INEC
Supreme Court justice Aderemi is dead
Umahi tackles Obiano over Abakaliki Street renaming
Buhari cancels FEC meeting, to sign 2018 budget Wednesday
TRIBUNE
Opposition elements out to stampede NEMA fo selfish gains, group alleges
Buhari may still meet with nPDP ‘Presidency
Ekiti 2018: Osinbajo, 12 APC governors storm Ekiti for Fayemi
Presidency dismisses report on FEC, affirms signing of 2018 budget Wednesday
Three nursing mothers, two others jailed six months for stealing N3.2m worth of fowls
Leaked terrorist attack on commercial flights, security beefed up around airports
CAN endorses Buhari, Oshiomhole, says no vacancy in Aso Rock
How I will salvage APC, says Oshiomhole
Buhari rediscovering Nigeria for youths ‘FCT minister
WORLD HEADLINES:
CNN
US withdrawing from UN Human Rights Council
Members of Jeff Sessions’ church charge him with violating rules
Kellyanne Conway fires back at Cuomo: How dare you
Turkey to get F-35 jets Thursday despite opposition from US Congress
Study finds surprising effects of light alcohol consumption on cancer risk
Refugees held by Australia languish in a world beyond suffering and suicide
World’s 50 best restaurants for 2018 announced
Fans raise wheelchair-bound man in moment of celebration — and unity
Pakistan: Adventure travel’s best-kept secret
New particle could be mysterious dark matter
General Electric gets booted from the Dow
$30M in cryptocurrencies reported stolen
North Korea to return US troop remains soon
ASSOCIATED PRESS
APNewsBreak: Youngest migrants held in ‘tender age’ shelters
House GOP gets little direction from Trump on immigration
AP Explains: US has split up families throughout its history
North Korea’s Kim thanks China for support with Trump summit
Many in Puerto Rico still under tarps as storm threat looms
Families plea for bigger search for 178 from Indonesia ferry
Maddow breaks down reading AP story on ‘tender age’ shelters
Fans grieve as detectives search for XXXTentacion’s killers
BBC
Israeli jets strike Gaza after rocket and mortar fire
Australia launches national inquiry into sexual harassment
Peter Thomson: Golfer who won five Open Championships dies
World Cup: Japan fans impress by cleaning up stadium
Should migrants in Australia face an English test
Hello kitty…
The Australian town that killed its residents
Migrant family separations: Republicans scramble as border crisis grows
Canada legalises recreational cannabis use
General Electric drops out of Dow index
More deaths in Nicaragua violence as talks collapse
Wolves in France: Farmers fear attacks
Mo Salah and the Chechen strongman
AL JAZEERA
US withdraws from UN Human Rights Council
Mo Salah on target but Egypt lose to Russia in World Cup 2018
Mali says troops implicated in killings after mass graves found
All you need to know about Yemen’s Hudaida offensive
Lebanon: Single By Choice
No breakthrough in Turkey-Iran-Russia talks on Syria constitution
Kenyans lose appeal to block deployment of Cuban doctors
Italy’s Salvini causes outrage over Roma census plan
Deadly flood hits Ivory Coast
HRW: Mozambique unrest displaces more than 1,000 people
No easy way out’: In Germany, a political mutiny over migration
Will the US reform immigration laws
Afghan peace marchers address demands to President Ghani in Kabul
BUSINESS HEADLINES:
10 Useful Tips On Saving Time During The Work Week – Forbes
12 Creative Ways To Elevate A Boring Networking Pitch – Forbes
19 Texas state officials and members of Congress don’t want the Trump administration to separate migrant families at the border – Business Insider
2 Best Reasons Not To Fall For BJ’s Second Public Offering – Forbes
2017 budget: N1.58tn released for capital projects, says FG – Punch
2018 Mazda CX-5 Test Drive And Review: A Bonding Experience – Forbes
2018 NBA Mock Draft: A Lot Of Talent, And Questions, After No. 1 – Forbes
2018 World Cup: Cristiano Ronaldo’s Remarkable Scoring Rate For Portugal Since Turning 30 – Forbes
2018 World Cup: Which Teams’ Stock Rose In The First Week Of Action – Forbes
2019 Honda Insight – Is Third Time The Charm – Forbes
SPORTS
Denies crisis among board members – The Sun
#NETPOLLS: Between Two Men, Who Is Wearing The Original Super Eagles World Cup Jersey – NET
#WorldCup: Dont Return Home If You Lose To Nigeria, Maradona Warns Argentina Coach – Daily Times
#WorldCup: See Why Egypts Goalkeeper Rejected Man Of The Match Award – Daily Times
1-on-1 with Alex Wobi: Can Nigeria win the World Cup – CNN
2018 NBA Draft Rumors: Hawks Targeting Luka Doncic with No. 3 Overall Pick – Bleacher Report
2018 World Cup: Eagles can overcome tough Iceland, insists Idowu – Punch
2018 World Cup: Ronaldo hopes to continue heroics against Morocco – Punch
2018 World Cup: Russia 3-1 Egypt ‘ As it happened – African Football

ENTERTAINMENT
#GrowOnlineWithChinny is taking you Back to the Basics ‘ Part 2! Getting Started on Social Media – Bellanaija
#WorldCup 2018 Roundup: Mixed feelings as Senegal grabs Africa’s first win and Egypt lose to Russia – Ynaija
11 rising cinematographers taking over Hollywood – Business Insider
20 year old man walks into own funeral as family buries wrong body in Paraguay – Linda Ikeji
2017 Budget: FG releases N1.58trn capital expenditure to MDAs – Adeosun – Pulse
5 things we learned from the World Cup so far – Information Nigeria
Actress Funmi Awelewa Talks Shocking Details On Why Little Taju Was Handed Over To The Government – Daily Times
Actress Mercy Aigbe buys multi-million naira house for herself and her kids – Information Nigeria
Actress Tonto Dikeh replies fan who accused her of being fake – Information Nigeria
Adorable new photo of Jordan Sparks and her newborn son Dana Isaiah Thomas Jr. – Linda Ikeji
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.