Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT FOR TODAY SUN. 22 JULY 2018


Tracking Times – Headlines
LOCAL NEWS
THE SUN
Incessant killings: Life no longer sacred in Nigeria ‘ Archbishop Agwu
Col. Nyiam to Buhari: You don’t deserve 2nd term
2019: Yoruba nation should listen to Obasanjo’s warning ‘ Fasheun
2019: Buhari has no alternative ‘ Gen. Okoloagu
Barca renews ’60m Willian deal
Ighalo scores ninth goal in China
Flying Eagles qualify for AFCON 2018
2019: Atiku formally declares for presidency
PUNCH
Juicy carrots: APC dangles automatic tickets before aggrieved senators, Reps
Adeleke wins Osun PDP gov primary, to face Oyetola
Killings: Gowon demands Miyetti Allah leaderships arrest
NEF attacks: Afenifere, Arewa youths, Yakasai berate Presidency
State police, part of our restructuring agenda APC
Stop deceiving Nigerians with stomach infrastructure
Balewas son canvasses part-time political offices
Unpaid salaries responsible for Fayemis victory, says NLC
Atiku declares presidential bid, pledges to restore economy
VANGUARD
Catholic Archbishop Martins ordains five Jesuit priests
Adamawa: Eight Commissioners defect to PDP as Atiku holds grand rally
Ex-deputy gov’s aide declares for Ogun governorship race
Middle Belters are no cowards, Dan Suleiman, ex-NADECO leader, warns
Good Samaritan’ drowns rescuing pregnant woman in Ondo
Why I am doing medical outreach in 100 countries, joining forces with Shell ‘Bishop Kwakpovwe
Delta APC crisis: Governorship aspirant, Obire, supporters defect to PPA
You don’t represent the North, Arewa youths reply Presidency over attack
NIGERIAN PILOT
Breaking: Mysterious fire razes over 200 shops in Jos
For your dream to see reality & become stronger
Rita Dominic’s sensational style
Adamawa agog as Atiku Declare for 2019 {PHOTOS}
Atiku declares for 2019, Says APC government has destroyed our economy
Direct Primary Election, An Antidote To Manipulation- says Observers.
Market Fire: Gov Lalong condoles those affected, says no live was lost
Anti-Graft War: FG to investigate 400 people over ownership of suspicious mansions
APC Osun party primary election results.
THE NATION
Sweet and stale palm-wine from Ekiti
Defection: PDP gives Saraki, Dogara, Tambuwal, Kwankwaso, others two-week deadline
Buhari, Oshiomhole upset R-APC defection plan
Imo: Deputy Gov may resign as impeachment gathers steam
Im back to reclaim what belongs to PDP, Atiku vows as he launches presidential bid
Fayemi to Fayose: Be ready to account for Ekiti funds
Beware of fake news, Minister tells Nigerians in Diaspora
DAILY TRUST
Wicked, heinous bandit attacks in Sokoto
2019: 8 PDP governorship aspirants opt for consensus to unseat El-Rufai
Task forces everywhere, yet insecurity on the rise
More winners emerge in DiamondXtraSeason 10
MultiChoice signs Iwobi as DSTV ambassador
Nigerias balance of payments vulnerable to crude oil price
Stakeholders want women farmers involved in agric-budgeting
DAILY INDEPENDENT
Dino Melaye Finds 20 Bullets Holes On His Jeep
Buhari And Credible Elections In 2019
Nigerians Express Divergent Views On New National Carrier
Ekiti: Poor Performance Responsible For Fayose’s Candidate Defeat ‘ Survey
Garba Shehu To Dump Buhari Soon ‘ Fayose
PDP Mega Rally: Secondus Receives Thousands Of Decampees In Adamawa State
ADC Determined To Take Over Delta State ‘ Chukwu
Arewa Youths Carpets Presidency Over Comments On Northern Elders, Afenifere, PANDEF, Others
Delta APC Crisis: How Oshiomhole, Others Escaped From Lion’s Den
WORLD NEWS
16 mouth-watering global dishes Americans don’t even know they’re missing – Business Insider
18 organizing ideas from Wayfair that’ll help you make the most of your space ‘ nearly all under $100 – Business Insider
4 Strategies to Use When Marketing to Millennials – Entrepreneur
A ‘legendary’ mermaid still swimming at 78 – BBC
A Coffee Table Book Elevates Hotel Photography To A New Level – Forbes
A heroic dog who saved 12 people after an earthquake met her own statue ‘ and the photos are adorable – Business Insider
A New Way To Measure And Communicate Brand Value – Forbes
Algeria hope to appoint a new manager in August – BBC
All 13 passengers survive WWII-era plane crash in Texas – CNN
Amazon Video Announces New TV Shows And Movies For August (2018) – Forbes
America’s top intel official said his surprised reaction to news of a second Putin summit wasn’t meant to be ‘disrespectful – Business Insider
Aquaman’ is finally getting his own movie in December with ‘Game of Thrones’ star Jason Momoa ‘ here’s the first trailer – Business Insider
Aquaman’ Trailer Is A Cleansing Flood For DC Films’ Post-‘Justice League’ Era – Forbes
Are we sliding back to the chaos of the 1930s – CNN
Atlanta’s Paper Boi on race and rap stardom in the USA – BBC
Austria ditches Turkish language driving theory tests – BBC
Beware Of Crypto Risks – 10 Risks To Watch – Forbes
CNN
US military commander: On North Korea, the lack of trust is the enemy
Are we sliding back to the chaos of the 1930s
Suspect in custody at LA Trader Joe’s standoff
FARC members join Colombia’s Congress
Duck boat survivor describes sinking
Clinton criticizes Trump, saying ‘hardly anybody who believes in freedom gets along with’ Putin
New photo of Prince George released to mark his 5th birthday
Meghan Markle’s dad has message for her
Nikki Haley, Jared Kushner: For Gaza peace, tell the truth about Hamas
All 13 passengers survive WWII-era plane crash in Texas
Women on a train say they were called porn stars
Whoopi Goldberg kicks guest off ‘The View
Video of Obama’s dance moves goes viral
Host leaving Fox News to hit the campaign trail with Trump Jr.
Watch cargo plane pull off loop-the-loop
Mysterious sarcophagus opened in Alexandria
Trump attorneys waive privilege on secret recording about ex-Playmate payment
Fiat Chrysler CEO resigns after surgery
WhatsApp killings continue in India
BBC
Trade war a reality’ French finance minister warns
The National Science and Maths Quiz has kept Ghanaians thrilled for 25 years
LA police arrest suspect after shop siege
India scraps tampon tax after campaign
Austria ditches Turkish language driving theory tests
Algeria hope to appoint a new manager in August
US ‘duck boat’ survivor describes ‘life-changing’ ordeal
Erving Botaka-Yobama: Torpedo Moscow cancel deal for black defender but deny racism
Pakistan election: Who’s who and why it matters
Atlanta’s Paper Boi on race and rap stardom in the USA
The mafia murders that brought down Slovakia’s government
A ‘legendary’ mermaid still swimming at 78
Israel and Arabic: Where else do language and politics collide
Opioids: Why ‘dangerous’ drugs are still being used to treat pain
Vettel on pole, changes at Ferrari – all you need to know for the German GP
Klopp ‘does not care’ about being called a hypocrite for spending
Neymar: Brazil’s World Cup exit left me in mourning, says PSG striker
There’s no league that I’d say no to’ – Hart wants permanent move
Oleksandr Usyk unifies cruiserweight division by beating Murat Gassiev
AL JAZEERA
Steve Bannon ‘planning foundation’ to boost far right in Europe
Zimbabwe elections: Mnangagwa courts white voters ahead of vote
China’s Xi welcomed in Senegal at start of Africa trip
What’s triggering protests in Nicaragua
Trump says ex-lawyer’s tape over ‘model payment’ may be illegal
French investigators raid home of Macron’s ex-bodyguard
Iran currency halves in less than a year
Jill Stein on US Green party ambitions and challenges
EU position on Brexit must evolve: Theresa May
At least 10 Iranian Revolutionary Guards killed in border attack
China’s ‘soft power’ in Senegal
Zimbabwe elections: Observers appointed to oversee vote
Libya-Tunisia border closed amid trade dispute
Nicaragua protests: People still living in fear
The US, electricity and Iran: What’s behind the Iraq protests
Spain: People’s Party picks Pablo Casado as new leader
How will a global trade war affect Africa
Khamenei backs threat to stop Gulf exports if oil sales halted
Eritrea appoints first ambassador to Ethiopia in 20 years
India: Mob lynches Muslim man transporting cows in Rajasthan
BUSINESS NEWS
21st African Senior Athletics Championship: Delta ready to host Africa
Nigeria to probe case of 155 stranded Nigerians in Russia
7 aspirants withdraw from PDP governorship primary in Osun
Egyptian investment bank acquires 100% of Nigeria’s Primera Africa
Nigeria banks engage in Twitter war
Over 200m births not registered globally ‘ UNICEF, NOA
Habits that could be stopping you from selling effectively
2019: All eyes on Atiku for Yola declaration on Saturday
Obasanjo still looking to actualize third term agenda, says Oshiomhole
World Cup: Fan ID holders to get visa-free entry to Russia till year end
Dangote urges FG’s action to check smuggling through Benin borders
Apapa gridlock: Task force lamentation blame game to no avail
SPORTS NEWS
2018 AYG: Team Nigeria In Flying Start – Daily Independent
21st African Senior Athletics Championship: Delta ready to host Africa – BusinessDay
Ajax ‘in absolute limbo – Kickoff
Ajax sticking with new academy – Kickoff
Alex Len, Hawks Reportedly Agree to 2-Year, $8.5 Million Contract – Bleacher Report
Amir Khan Apologizes for Referring to Caitlyn Jenner as ‘Bruce’ on Instagram – Bleacher Report
Asaba 2018 AAC: Ta Lou sends strong warning to rivals – Vanguard
Asaba 2018: Planning to fail – Vanguard
Barca renews ’60m Willian deal – The Sun
Bayern beat PSG 3-1 in pre-season friendly – Punch
Bradley Wiggins says he has discovered ‘sinister and shocking’ details about ‘jiffy-bag’ controversy – BBC
Bradley Zimmer Undergoes Surgery to Repair Shoulder Injury; Out 8-12 Months – Bleacher Report
British Open 2018 Odds: Updated Tiger Woods, Jordan Spieth Lines Before Sunday – Bleacher Report

Tracking Times – Entertainment
ENTERTAINMENT NEWS
#BankWars: Nigerian Banks are Fighting on Twitter, and It’s the Most Hilarious Thing You’ll Read Today! – Information Nigeria
#BankWars: Nigerian Banks battle it out on Twitter – Bellanaija
#PVCitizen: Procrastinate later, Get Your PVC Now – Bellanaija
16-year-old UNILAG Female Student declared missing (Photos) – Information Nigeria
2019 Election: Atiku Declares Presidential Bid, Accuses Buhari Of Bloodshed (WATCH VIDEO) – Information Nigeria
2019 Presidential Election: Don declares ambition under PRP – Pulse
A Kenyan author says money can buy time. See her argument – Linda Ikeji
About LEKAN ALABIs 40th wedding anniversary – The Nation
Actress Tracy Daniels says Producers are benching them for those with British Accents – Information Nigeria
Ademola Adeleke: Dancing Senator wins Osun PDP primary election – Pulse
Alibaba’s wife, Mary celebrates golden jubilee – New Telegraph
Anthony Anderson under Investigation over Alleged Assault on a Woman – Bellanaija
Aregbesola is like the nest! – Vanguard
As a pastor, I can act in films like Glamour Girls Anunobi – Punch
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.