Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT FOR TODAY TUE. 31 JULY 2018

Tracking Times – headlines
LOCAL NEWS
THE SUN
IPOB alleges plan by Army to invade South East, South South again
OPC harps on need for devolution of power
Strict monitoring ‘ll curb fake varsities ‘ Dr Igwe, DVC, Coal City Varsity
Rohr, Bewarang for FIFA Football Conference
AMCON chair: Lagos APC faction urges Buhari to stop plot against Banire
Bayelsa: Obasanjo, Liberian VP, Benson, others flag off summit on maternal mortality
NDDC to construct link roads, bridges to Maritime varsity
4 hospitalised as drivers, traders attack Edo volunteer workers
Akwa Ibom guber: I can never be Emmanuel’s running mate ‘ Udoedehe
GUARDIAN
Expect more harassment from Buhari’s government, Biafra Zionists tell Ekweremadu
Government, deans of agric to establish incubator centres in varsities
Atiku pledges fresh initiatives to tackle unemployment
Amal Hassan named among emerging leaders of U.S. global women’s mentoring partnership
Lawmaker seeks overhaul of civil service to curb corruption
Nigeria needs 3m dental surgeons to boost oral healthcare
Group urges pupils to be good ambassadors
Government to tackle unemployment with technology, innovations
Alumni topresent digital award to Ayade, others
VANGUARD
Road inaugurated by Delta govt collapses barely 2 months after
36 finalists emerge for FG’s MSME award
Plateau committed to Berom, Fulani C’ttee’s white paper ‘ Gov Lalong
Plot to impeach Ortom: Hold Buhari responsible, if’ ‘ South, M-Belt Leaders
NMA calls for introduction of Universal Health Coverage
Protest looms in Imo over cattle ranching
FG approves refund of N37.9bn to Anambra
We won’t cede Kwara to double agents ‘ Lai Mohammed
Osun SDP seeks nullification of Omisore’s candidacy, congress elections
TRIBUNE
Ortom impeachment: Don’t ridicule us before comity of civilised nations ‘ Makarfi
PDP NWC condemns plot against Ortom
Kano Assembly impeaches Speaker, replaces him with ex-Speaker
Benue Assembly: Members to serve impeachment notice on Ortom
Broadband access, critical for communication infrastructure policy ‘NCC
Osun pensioners and pre-election vote-buying
Environmental education crucial to protect Mother Earth, expert says
Police officers fired for using coin-flip app to determine arrest
THE AUTHORITY
Kwara APC chides Lai Mohammed over call for dissolution
Southern, Middle Belt leaders blame President Buhari for Benue crisis
Court stops APC, INEC from conducting fresh congresses in Imo
Buhari must sweep Kwara votes in 2019 ‘ Lai Mohammed
Cross River 2019: Duke seeks non indegenes’ support
APC govt, a reincarnation of Abacha regime’-PDP House Caucus
Former Deputy Gov, Sen Kaka, joins Ogun guber race
INEC must work to protect its credibility ‘ Atiku campaign team advises
Kaduna 2019: Former Governor, Yero, seeks return to Government House
DAILY TRUST
Single digit interest loans in sight
Benue: Atiku, Makarfi decry impeachment moves
Buhari group asks NASS to resume over INEC budget
Osun govship: Aregbesolas aides tell APC candidate to reach out
Okorocha too small to pocket Imo APC Araraume
Get back to work and consider INECs budget, BMO urges lawmakers
PDP raises alarm over plot to rig Lokoja/Kogi bye election
Lightning damages facilities at Human Rights Radio
THISDAY
House Asks IG to Prosecute Obono-Obla
Fidelity Bank Partners WorldRemit
W’Bank Highlights Logistics Gaps in Global Trade
Police Aid Eight of 30 Benue Lawmakers in Impeachment Move against Ortom
Report: Nigerian Banks Still Heavily Exposed to Oil Sector
Constitutional Steps to Impeachment
Tighter Supply Outlook Shores up Crude Oil Prices to $75
BEDC Inaugurates 1,694 Transformers to Boost Power Supply
DAILY TIMES
Oke-Onigbin stool: Court dismisses KWSG, Onigbins objection over matter
Court halts APC Congresses in Imo State
Have your skin Listened to at Montaigne Place Spa
Senate rancour: Saraki replies Abdullahi Adamu, says he is mischievous liar
Kano State House of Assembly Impeaches Speaker
IYC alleges political motive in posting of four Police Commissioners to Bayelsa in two weeks
2019: Buhari has failed the so-called integrity test-group
2019: Defection of APC lawmakers, governor wont affect Buharis re-election, says Abe
Obasanjo, Dickson, others for special Worship Session in Yenagoa today
WORLD NEWS
Medicare for All Could Cost $32.6 Trillion, George Mason Study Says – Yahoo
'Not Just A Paper Pusher': Former White House Staff Secretaries Weigh In On Kavanaugh Fight – Yahoo
…as Zimbabweans vote in first Mugabe-free election – CNN
1 in 8 children in India has neurodevelopmental disability, report estimates – CNN
10 Tips For Improving Gender Inclusivity On Your Team – Forbes
14 Issues To Prepare For When Your Company Grows Past 50 Employees – Forbes
14 killed in Vietnam wedding party car crash – Yahoo
16 celebrities reveal the ‘Harry Potter’ Hogwarts house they were sorted into – Business Insider
16 Things We Really, Really Want from the New IKEA Catalogue – Yahoo
17 details you might have missed in the ‘Harry Potter’ books – Business Insider
CNN
Sexual abuse ‘endemic’ in aid sector
The 37 strangest lines in Giuliani’s interview
Prosecutors say Manafort earned $60M from Ukraine consulting
1 in 8 children in India has neurodevelopmental disability, report estimates
Celebs roast Bruce Willis, mention Kutcher
Disgraced former Chinese internet tzar charged with bribery
Apple earnings: All eyes on the next iPhone
Jeopardy!’ host lists possible replacements
The big business of Frankenfoods
Pixel perfect: These modeling agencies don’t hire real people
Uber shuts down its self-driving truck unit
BMW is hiking the price of American-made SUVs in China
Food shortages’ Grounded flights’ These could be the consequences of a messy Brexit
AL JAZEERA
Trump says he would ‘certainly meet’ with Iran’s Rouhani
Macedonia to hold referendum on name change on September 30
Polls close in Comoros referendum on presidential powers
What are the requirements to be ‘Indian’ in Assam state
Indonesia’s Lombok earthquake: Hundreds trapped on mountain
Vote counting under way in historic Zimbabwe elections
US confirms deployment of armed drones in Niger
Jordan faces its historical reckoning
Syria talks led by Russia, Iran and Turkey revived in Sochi
Millions at risk of losing citizenship in India
Brazil: Many alarmed over boost to pesticide use in agriculture
Eritrea and Somalia agree to restore diplomatic relations
Vote counting under way in Mali’s tense elections
BBC
Lombok earthquake: 543 hikers evacuated from Mt Rinjani
Backpackers attacked with shovel in Australian bush
World-famous aerialist on the keys to her success
Murray fights back to beat McDonald in Washington
Desperate Bottas risked massive controversy in clash with Vettel’ – Palmer column
North Korea ‘working on new missiles’, US officials say
IS claims fatal Tajik attack on foreign cyclists
Trump says ready to meet Iran’s Rouhani
Largest king penguin colony shrinks 90% in 30 years
James Gunn: Guardians of the Galaxy cast back fired director
The battle to stop ex-IS fighters reaching Europe
Bruce Beach has built a 10,000 sq ft nuclear bunker
Brexit and your holiday: Five things that could change
BUSINESS NEWS
…Diamond Bank records N2.2bn profit in H1 – Daily Trust
10 Tips For Improving Gender Inclusivity On Your Team – Forbes
13 states’ access to electricity still below 40% – Vanguard
14 Issues To Prepare For When Your Company Grows Past 50 Employees – Forbes
15 security agencies benefit from cybersecurity training – Punch
15 security agencies benefit from cybersecurity training – Punch
16 celebrities reveal the ‘Harry Potter’ Hogwarts house they were sorted into – Business Insider
17 details you might have missed in the ‘Harry Potter’ books – Business Insider
18 Impact Investing Trends You Haven’t Seen Before And 1 You Have – Forbes
2 Things Birch Coffee Does Differently From Every Other Coffee Shop – Forbes
SPORTS NEWS
Sin bins to be enforced at grassroots level from 2019/20 season – Yahoo
16 of football’s weirdest sponsors ever – Yahoo
4-Star Forward DJ Jeffries Decommits from Kentucky, Reopens Recruitment – Bleacher Report
4-Star WR Treylon Burks Commits to Arkansas over Clemson, LSU, FSU and More – Bleacher Report
Adam Duvall Traded to Braves; Reds Land Lucas Sims, Matt Wisler, Preston Tucker – Bleacher Report
African All Stars Transfer News & Rumours: Fanendo Adi joins FC Cincinnati – Goal
African All Stars Transfer News & Rumours: Fanendo Adi joins FC Cincinnati – Goal
Age Cheating Grounds Iraq’s Under-16 Football Team – Osun Defender
Aloku promises to re-position Public Service Games – Nigerian Pilot
Andre Gomes move in doubt after hamstring injury – Goal

Tracking Times – Entertainment
ENTERTAINMENT NEWS
#BBNaija: Nina Graduates from Imo State University [Photos] – Gistlover
“Nigerian men are better than South African men” South African woman declares after Nigerian man gifts her a car – Linda Ikeji
5 Interesting Technology Trends You Should Know – Olufamous
Actor, Femi Adebayo Celebrates His Twin Sons On Their Birthday (Pictures) – Information Nigeria
All relationships must not lead to marriage ‘Sonia Ogbonna – New Telegraph
All the TV shows that have been canceled recently – Business Insider
All-white trad affair – New Telegraph
Amazing Photos Of Uche Ogbodo Posing With Daughter In Matching Outfits To Celebrate Birthday – Information Nigeria
Amidst controversies, Bola Tinubu reclaims lost glory – New Telegraph
APC Chairman, Oshiomhole Wears New Look (Photo) – 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)
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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.
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In my walk as a leadership coach, I have keenly observed leaders who are managing rather than leading. Managing involves ensuring that processes achieve their intended outcomes. Leaders are above managing and should focus on creating an enabling environment for innovation, inventions, and team collaboration. The primary role in leading is not to monitor process outcomes, though critical to the company’s overall objectives, but to align corporate values with the people’s aspirations to create an engaged and ownership-thinking mindset ready to take on challenges and explore opportunities. An alignment of corporate and personal goals will not only deliver the present performance expectations. Still, it will also incubate innovations to adapt to future market demands and the sustainability of the business.
Unfortunately, the capacity for ambidexterity is rare and often marked by leaders’ exposure, approach and styles, perception, and perspective of their roles in the organisation. A leader with a wrong foundation in these areas is set for failure and awaits unfavourable decisions from the board of directors. A top-level leader might manage their teams instead of leading them. Not all leaders can combine leading for the present with building institutions. However, anyone able to submit themselves to an institution-building mechanism can champion sustainability. Aside from being a leadership coach, I help leaders achieve sustainability.
Mathematically, creating an ambidextrous organisation is beyond leading. It is to lead and build an institution that focuses on sustainability in all aspects of the organisation—employee fulfilment, customer retention, strategy effectiveness, performance evaluation, stakeholder management, process improvement, and goal congruence.
In a nutshell, the role of successful leaders in ambidextrous organisations is striking a balance between exploiting current assets and capabilities to ensure short-term success and allocating enough energy and resources to exploration to ensure future viability. The two primary tasks of a top-level leader are to exploit and explore the organisation with people for now and in the future. The two seemingly contradictory aspects—exploitation and exploration—encompass different strategies and processes and have different targets and outcomes (March 1991; O’Reilly & Tushman, 2004; O’Reilly & Tushman, 2013).
O’Reilly and Tushman described the two concepts as follows:
- Exploiting: Exploiting involves building on an organisation’s achievements and maximising returns on previous investments. It focuses on responding to current business demands to remain efficient and competitive within an established market niche, as well as on maintaining an existing customer base and stakeholder relationships. Examples of exploiting are activities focused on continuous improvement, benchmarking, and redesigning business processes.
- Exploring: Exploring focuses on expanding an organisation’s knowledge and capabilities, pioneering new products and services, and discovering and venturing into untapped markets.
The common area of practical bottlenecks in exploiting and exploring in organisations is a need for foundational trust and cohesion among the resources, especially the human capital, which are often treated as costs rather than assets to the organisations. Among all the factors of production, only humans can be ambidextrous with the capacity to think about changes in economic parameters and adjust their behaviours to match the time, content, and contextual requirements.
While organisations might have the resources to deploy in fighting competition, technology to obtain first-mover advantages, and production capacity to maximise output from input, none is compared with the potential of an engaged workforce.
Therefore, for leaders to be successful, they must refrain from operating in the realm of managing. They should operate in the capacity of institution builders, with the mindset of creating sustainable leadership and growth with people first and other factors of production second.
Consequently, only the leaders who prioritise their people over profits, pride, and organisational arrogance will be successful in the long term.
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