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LOCAN AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT FOR TODAY TUE. 17 JULY 2018 – Tracking Times
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LOCAN AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT FOR TODAY TUE. 17 JULY 2018

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WORLD NEWS

0x lets any app be the Craigslist of cryptocurrency – Techcrunch

11 Strategies To Prevent Problems From Resulting In Termination – Forbes

19 great travel deals only Prime members can buy on Amazon right now – Business Insider

2 Cheap FTSE 250 Dividend Stocks You Should Buy Right Now – Forbes

2 die celebrating France’s World Cup 2018 win over Croatia – Tribune

2018 Forbes Under 30 Summit Asia Kicks Off In Hong Kong – Forbes

21 most disturbing lines from Trump-Putin press conference – CNN

25 of the biggest failed products from the world’s biggest companies – Business Insider

3 Low-Cost Secret Dividend Heroes That Could Make You A Fortune – Forbes

3 Unusual Phone Sales Tactics That Can Forever Change Your Business – Forbes

 

CNN

Liver cancer death rate in US surged 43% in 16 years

California ghost town sells for $1.4 million

A woman needs your help finding the family in these photos

Jeff Bezos is now worth more than Bill Gates and Larry Page combined

Timely: Amazon confirms Prime Day outages

The US President caved spectacularly to Russia’s Vladimir Putin. Here’s what might happen next

Will Elon Musk’s antics hurt his businesses

Adidas joins the fight against plastic

Amazon’s Bezos worth $150 billion

The most shameful, stunning moment of the Trump presidency

Russian national charged with ‘infiltrating’ US political groups

Lava bomb hits tour boat and injures 23

Usain Bolt in talks for soccer trial in Australia

 

BBC

China’s most expensive film pulled after opening weekend

US nuclear materials stolen last year are still missing

Usain Bolt may play football trial in Australia

Prehistoric bake-off: Recipe for oldest bread revealed

Putin laughs off Mueller indictment in Fox News interview

The day ‘The Myth’ became a reality at Juventus

Bolt in talks about football trial in Australia

Trump-Putin summit: US president under fire over poll meddling comments

Russian woman charged with spying in the US

Kilauea volcano: Flying lava injures 23 in Hawaii

Helsinki summit: The ways Trump and Putin see eye to eye

Fierce and angry’ protest tattoos from a Russia prison

The border ranch: Living on a ‘smuggling route

 

AL JAZEERA

Iraq: Deadly Basra protests spread to other cities

What will be Russia’s World Cup legacy

Putin triumphs over Trump at US-Russia summit

US ready for direct talks with Afghan Taliban

Trump-Putin summit brings end to frosty US-Russia relations

Journalist tried for reporting on Rohingya deaths testifies

Death toll rises in southern Iraq protests

Palestinians demand Israel return bodies of loved ones

Iran takes US to ICJ over re-imposed sanctions

Cornell West: ‘Obama was never the revolutionary Mandela was

West Bank students face uncertain future with demolition threat

Egypt passes bill shielding military officers from prosecution

Qatar’s emir hopes 2022 World Cup can heal Arab world divisions

US trade tariffs take the spotlight in EU-China summit

Eight migrants found dead in shipping container in Libya

Russia: What type of legacy will World Cup leave behind

Malaysia: New government sworn in after 61-year party rule

Yemen island Socotra struggles to recover months after cyclone

After Russia, focus shifts on Qatar for World Cup 2022

Mahathir: ‘Anwar Ibrahim will be the next prime minister

FARC members: We won’t back down on peace, even with Duque

US Republicans endorse arming toddlers on Sacha Baron Cohen show

As Trump engages Putin, his deal with Kim collapses

Trump-Putin summit kicks off in Helsinki

German FM: Europe can no longer fully rely on the US

Qatar 2022: World Cup preparations on schedule

BUSINESS NEWS

SPORTS NEWS

2018 Home Run Derby Results: Bryce Harper Wins at Nats Park over Kyle SchwarberBleacher Report

Afolabi Okiki scores four as Jimma Aba Jifar lift Ethiopian Premier LeagueGoal

Aigbogun confidents Flying Eagles will beat Mauritania in LagosPeoples Daily

Alexis shows off Ronaldo-like hairstyle for new seasonGoal

Alexis shows off Ronaldo-like hairstyle for new seasonGoal

Alexis shows off Ronaldo-like hairstyle for new seasonGoal

All-electric victory on glorious French weekendCNN

Argentina part ways with coach after World Cup disappointmentDaily Trust

Asaba 2018 AAC: Dibaba, Okagbare other greats enter hall of fameVanguard

Asaba 2018: Okagbare, Dibaba, others get CAA honoursNew Telegraph

Tracking Times – Entertainment

ENTERTAINMENT NEWS

#YNaijaEssays: Adeosun’s certificate scandal just shows she’s the typical privileged Nigerian childYnaija

“It was a sour experience” – Coordinator of Ekiti Election Observers Mission shares his experiencesLinda Ikeji

10 Physical Features That Men Can’t Resist In Ladies ‘ Number 6 And 10 Will Make Even A Billionaire Lose Control [Must Read]Gistlover

ADE Digital launches 2018 Nigeria Digital Outlook (Free Download)Ynaija

Ahmed Musa Battles Cristiano Ronaldo, others for Goal of the 2018 World Cup TournamentInformation Nigeria

Alex reacts to Leo and Cee-Cs relationshipDaily Times

All the notable people and politicians Sacha Baron Cohen has ‘duped’ for his new TV series, ‘Who Is AmericaBusiness Insider

Amazon has some outrageous Prime Day deals for ‘Harry Potter’ 8-film collectionsBusiness Insider

Barack Obama launches Youth Sports Centre founded by Half-Sister in KenyaBellanaija

Benin, Uyo, Jos, Lagos, Produce More Millionaires in Star Lager National PromoNET

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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.

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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.

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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.

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Bill Gates, GMOs, KASHIM Shettima

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

BREAKING: Justice Binta Nyako Steps Down From Nnamdi Kanu’s Trial, As He Fearlessly Scolds Her For Disobeying Supreme Court’s Judgment

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.

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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.

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Babs Olugbemi

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

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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.

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