Business
NEWS PAPER, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY FRIDAY 20 OCT. 2017

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Oriental Times
3 Dead As Explosion Rocks Lagos-Ibadan Expressway [Photo]
We Only Want Referendum, Not War – Nnamdi Kanu’s Co-Defendant
President Buhari Meets Turkish President [PHOTOS]
2019 Elections: Why We Will Not Support Young People – APC
Evans Changes Plea To “Not Guilty”
Boko Haram Has Been Completely Degraded – Lai Mohammed
APC Hails Okorocha For Bringing Zuma To Imo State
“Dear Rochas Okorocha, You Are The Eight And Ninth Wonder Of The World”
Punch
Buharis govt good at lies, says Jonathan
$3.7m fraud: Nigerian student jailed for four years in US
Flooding contributed to monkeypox WHO
Act on $20m NPA bribery scam, CSNAC tells EFCC
FG arraigns Misau, senator gets N10m bail
1,000 Nigerians in Thailand jails Envoy
36,000 Nigerians flee to Europe by sea, says FG
Save me from police harassment Ecobank MD
Constitution amendment: Dogara briefs govs on devolution, others
Daily Times
Nigerian lenders pick Barclays to find new investors for 9mobile sources
Anambra, Unicef partner on hand washing campaign
ICPC charges CDAs to join in the crusade against corruption
AFC, IFC partner on infrastructure development, others
Nigeria watches as Spain moves to suspend Catalonias autonomy
PDP needs democratic chairman Jonathan
ADP accuses Buhari admin, APC of paying lip service to corruption
$2.1b arms fund: Court refuses separate trial for Ex-Gov Bafarawa, Dasuki, others
Delta presents N298.07bn for 2018 fiscal year
New Telegraph
Using whistle blowing to curb human trafficking
Editorial: Okorocha’s unacceptable form of governance
Kidnapping: Evans recants, pleads ‘not guilty’ to new charge
Monkeypox hits Delta, five cases recorded
Lance corporal: I left Nigerian Army because of Sambisa Forest, Boko Haram
Buhari’s govt has failed ‘Jonathan
Senate probes Paris Club Refunds, other bailout funds
FG to complete central rail line soon ‘ Amaechi
1,000 Nigerians in detention centres in Thailand, Asian countries
Tribune
ISIS supply: I’m shocked by Boko Haram’s claims ‘Buhari
One Nyanya bomb blast suspects dies in DSS custody
Senate resolves to probe Paris Club refunds to governors
Dogara, governors meet on devolution of power, restructuring
Anambra 2017: INEC to provide Vision Magnifiers for Albinos
Buhari will accommodate all ‘Adesina
Buhari visits Ataturk Mausoleum in Turkey
Evans changes plea to not guilty
Battle of the albums: Yung L vs DJ Spinall
The Sun
Anambra guber : Vote Obiano without violence, APGA tells electorate
NFF approves N6.3bn budget for 2018
AITEO’s FIFA invitation excites Pinnick
Eagles stars meet Buhari at D-8 Summit
Railway modernisation: FG to borrow $36bn
$1.2bn debt: 13 banks hire Barclays to find new investors for 9mobile
Nigeria among worst places to do business ‘LCCI
Reps probe FG’s N895bn payment to NBET, DisCos
Tax Holiday: NIMASA heads to Appeal Court
Thisday
Intels’ Volpi Apologises to NPA, Says Company Will Comply with TSA Policy
A Worthy Honour
SEC Appoints Deloitte to Lead Forensic Audit of Oando as Firm’s Shares are Suspended on JSE
Adeosun: 77% of Nigeria’s N19tn Debt is from Domestic Market
FG Promises to Release Names of Suspected Looters Soon
Kidnapping Kingpin, Evans, Accomplices Change Plea to Not Guilty
The Witness of Untruth
Nigerian Lenders Appoint Barclays to Find New Investors for 9mobile
Shell Lifts Force Majeure on Bonny Light Exports
World
100,000 flee Kirkuk’ since Iraqi army takeover – Al Jazeera
11 Ways Recruiters Can Attract Millennial And Gen Z Job Candidates – Forbes
12 Outlooks New Technology Executives Need To Stay Ahead Of The Game – Forbes
12 Websites To Jump-Start Your Career In 2018 – Forbes
12 Websites To Jump-Start Your Career In 2018 – Forbes
18 pessimistic opinions on the next 10 years of fake news (and 5 optimistic ones) – Techcrunch
2 former presidents ‘ from both parties ‘ blast the state of American politics in unprecedented day – Business Insider
24 Senators Back Latest Health Care Proposal, Offering Hope It Could Pass – Yahoo
3 pieces of advice from a value investor who started with nothing and is now worth over $100 million – Business Insider
3-month-old rescued in sex trafficking crackdown – CNN
57 dead in Madagascar outbreak – CNN
6 Business Leaders Tell You How To Sell Them – Forbes
6 Wacky Ways Cities Are Trying to Win Amazon's New Headquarters – Yahoo
7 days quiz – BBC
A better library can change a child’s life – CNN
A Dream Team For USA Softball – Forbes
A New Exhibition Brings Harry Potter Back To Kings Cross After 20 Years – Forbes
Actress Tippi Hedren talks about being sexually harassed by Alfred Hitchcock. – BBC
Daily Trust
The Monkey Pox Scare
Masari cant be distracted with litigations Mashi
Anambra govship: Osinbajo, Saraki for APC campaign flag-off
APC has failed on campaign promises Jonathan
Zoning tears PDP apart in Adamawa
APC inaugurates north east zonal working committee
2019: INEC worried over posters, billboards in Bauchi
PDP Chair: Youths back Daniel, Salihu for youth leader
Police nab 40 over public nuisance
BusinessDay
FG adopts guidelines for national addressing system
CSOs call for audit of $39.566bn, N245bn external loan
Nigeria’s debt service to revenue racing towards 70%
Aiteo Group new title sponsor of CAF Awards
Vetiva presents Q3 review of Nigerian banking sector, performance of Vetiva Banking Sector ETF
LIRS says women more tax-compliant than men
Diamond Bank rated best bank in financial inclusion, mobile App
Improved strategies, input cost management, ascribed for Honeywell’s improved financials
Vanguard
5 docked over theft of 40-foot container worth N15m
Bayelsa moves to boost electricity supply
Pension for Biafra police personnel: Buhari should tackle issue of Igbo marginalisation ‘ Ohanaeze
Gas flaring: Reps set up c’ttee to probe non-payment of $14.2bn penalties
NATCA raises alarm over 10yrs closure of Mma taxiway
FG committed to emergence of RPAS in Nigeria’s airspace
Jonathan’s wife’s sins catching up on her ‘ Presidency
Senate cuts Power Dams Charge to 10%
Wife’s battery crashes 5-year-old marriage
Daily Independent
Alleged Kidnap Kingpin Evans Makes U-Turn, Pleads Not Guilty
FG Set To Name Treasury Looters
Containing The Spread Of Monkey Pox
Gov Obiano Says Peter Obi Demanded N7.5bn Campaign Fund
FG Set To Name Treasury Looters
Man Hacks Wife To Death In A’IBOM
Allow NDDC To Rescue Us ‘ Abak Residents Cry Out To A’Ibom Govt
Be Vigilant Of Drug Addiction Signs, Ambode Tells Parents, Guardians
President Buhari’s Independence Address Lacks Democratic Principles ‘ Rights Group
Leadership
Rochas Okorocha Is Killing Me
CRR: Zenith, First Bank, GTB, 4 Others Raise N2.14trn In 6 Months
Jonathan Accuses PMB Govt Of Lies, Propaganda
Reps Advocate Free Drugs, Chemotherapy, Radiotherapy For Cancer Patients
Reps Seek Upward Review Of Tobacco Tax
Lagos, Kano, Rivers Lead In Prison Population-NBS
Evans Makes U-Turn, Pleads Not Guilty To Kidnapping Charges
EFCC Seeks Forfeiture Of Patience Jonathans Abuja Property
Restructuring: Reps To Act On APC Panel Report
SPORTS HEADLINES
2018 World Cup live on Kwese Sports – Vanguard
4-Star PG Prospect Ayo Dosunmu Commits to Illinois over Kansas – Bleacher Report
57 FCT schools for Principals’ Cup tourney ‘ Ngwaogu – Peoples Daily
AFN to hold five Golden Leagues – Punch
Aiteo celebrates title sponsorship of CAF Awards – Vanguard
Aiteo Cup final will witness improvement next year ‘ Pinnick – Peoples Daily
Aiteo partners CAF On Annual Award Sponsorship – Vanguard
AITEO’s FIFA invitation excites Pinnick – The Sun
Alexa Bliss Talks Nia Jax’s Leave of Absence, Says She’ll ‘Absolutely’ Be Back – Bleacher Report
Algeria Appoint Madjer As Dexert Foxes Coach – Daily Independent
Algeria appoint Rabah Madjer as Lucas Alcaraz’s replacement – Goal
All Eyes on Lonzo, but Lakers Future Really Revolves Around Julius Randle – Bleacher Report
Aluko can 100% play again for England, says new manager – Daily Trust
Aluko can play for England again ‘ coach – Vanguard
Alves: PSG must win trophies – New Telegraph
Ancelotti unlikely to take Leicester job, says Clement – Goal
Ancelotti unlikely to take Leicester job, says Clement – Goal
Antonio Nogueira Pulled from UFC Fight Night Bout for Failed Drug Test – Bleacher Report
ENTERTAINMENT HEADLINES
#GordonOnCocaine: Ever wondered How Cocaine is Made’ | WATCH – Bellanaija
“It
got really, really bad to the point that I was suicidal” – Singer
Michelle Williams opens up about her long battle with Depression – Linda Ikeji
(Photos) Pretty twin sisters wed same day in Abia – Miss Petite
21st Century Advertising: Racist On Purpose’ BY Chidera Muoka – Osun Defender
2baba is bringing the triple threat to this year’s #BuckwyldandBreathless concert – Ynaija
97% of Nigerian songs make no sense ‘ Lolo – New Telegraph
Aare Ona Kakanfo: Obey, Pasuma, others back Adams – Punch
Ahan…..Whose future wife is this – Linda Ikeji
All set for Tagbos burial – Punch
Arinze Stanley Egbe ‘ Hyperrealism Artist – Vanguard
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.
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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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