Business
NEWS PAPER HEADLINES FOR TODAY SATURDAY 7 OCT. 2017

New Telegraph
Oct 17 will determine Nnamdi Kanu’s whereabouts ‘Lawyers
Kachikwu meets Buhari, keeps mum
Stop these merchants of death
Power play and influence leave Ojoto without a king
Denrele: where’re your high heels’ obj asked me day i wore flat shoes
Total disregard, partial compliance greet IGP’s order on roadblocks
Monkey Pox spreads
$25BN CONTRACT: KACHIKWU, BARU’S FEUD SPLITS NNPC
APC plunging Nigeria into deeper corruption, says Wike
Daily Independent
IPOB Is Not A Terrorist Group ‘ Ooni
INEC Wants To Rig Ekiti Elections ‘ Fayose
Immigration Admits Issuing Six Int’l Passports To Justice Ngwuta
Uneasy Silence As Buhari Wades Into Kachikwu, Baru Stand-O
Kwara Health Care System In Crisis
Police Arrest Woman, Others Over Robbery, Murder Of NSCDC Operative
Suspected Killer Of Guilder Ultimate Search Winner, Others Paraded In Lagos
Military’s Python Dance In South East Not Being Done Properly ‘ Nwosu
President Buhari And Project Nigeria
Thisday
The Igbo Question and Fidelis Anosike
A Cacophony of Thunderous Fraud, Alarm Bells, Which Way Nigeria
About Fela and Buhari’s Missing Billions
HOW APC MAY HELP PDP REDEEM ITSELF
Meeting Prime Minister Theresa May And a Bit
Atiku, The Apostle of Political Ideology
Peter Abel vs the FBI in ‘The False Truth
Nissan to Show Concepts Cars at Tokyo Motor Show
Experts Flays FRSC on Road Crash Statistics
Reversing into a Side Road on the LeftLeft
World
'Tonight Show' Writers Pen Touching Thank You Notes To Hillary Clinton – Yahoo
15 stylish pairs of dress pants under $150 men can wear to work – Business Insider
2 soldiers killed, 6 hurt after being hit by military vehicle at Ft. Jackson – Business Insider
20 photos that show how Bella Thorne’s style has evolved through the years – Business Insider
2017 BMW X6 M – Yahoo
29 Couples Boudoir Photos That Are Almost Too Hot To Handle – Huffington Post
3 men arrested in connection with New York City terror plots targeting concerts and subway system – Business Insider
5 Things You Must Look For In Your Next Job – Forbes
50,000 illegal guns surrendered across Australia – CNN
Punch
Embattled Justice Nganjiwa takes $260,000 bribery case to ACourt
SCourt officer directed to give misinformation about Justice Ngwutas passports Witness
My brother saw his death coming, I wish Id die like him Lalong
Gunmen kidnap Kogi magistrate, demand N100m
Bauchi FRSC impounds 727 vehicles without speed limit device
Court dissolves Toke Makinwas marriage
IGP commends Emmanuel for security, good governance
Alaafin, 200 scholars to discuss progress of Yorubaland
Residents raise the alarm as crisis brews in Offa, Erin-Ile
The Sun
What Buhari told me on Biafra agitation ‘ Gov Umahi
Ahmadu Bello grandson explodes: NIGERIAN LEADERS HAVE FAILED
PDP’LL CRUSH APC IN 2019 ‘ISHOLA FILANI
PDP ‘ll form government in 2019 ‘Akitoye
Nigerians won’t accept Northern version of restructuring ‘Uko
Russia 2018: WE’RE BATTLE READY FOR ZAMBIA ‘ MIKEL
Restructuring: Why North is suspicious’Col Ajayi
Basketball: NBA legend tasks Nigerian youth on leadership, health
Made of Black: Guinness partners Thierry Henry
Guardian
Julius Berger-AFP showcases brand strength, premium products at Exhibition
Phyno – Augment Featuring Olamide (New Video)
Italy condemned to World Cup play-offs
Spain shrug off Catalonia crisis to qualify for World Cup
Ghana beat Colombia in FIFA U-17 World Cup opener
Bullnet launches Homebuyers pocket brochure
Give us this day, U.S.-based Monidafe tells Eagles
We will inflict pains on Nigerians, Zambia Coach boasts
Super Eagles cannot be stopped now
Daily Trust
2019: Why Atiku should take over from Buhari Ally
Dutch, Nigerian firms synergise on insurance risk supervision
NNPC boss visits Osinbajo, joins Buhari at jumaat
Why Ronaldo sold his Ballon dOr trophy for $705,000
McIlroy says no pressure in 2017 finale
Spain secure Russia 2018 berth
Fashola to represent Buhari at Nigeria, Zambia match
Zambia: Moses, Mikel, Iheanacho aiming to score more goals
Nigeria vs Zambia: Dont invade pitch, Security Advisor urges fans
Tribune
Why EFCC, ICPC continue to lose corruption cases ‘Akin Olujimi
Over 300 Nigerians stranded as Cameroon shuts border
Boko Haram: 700 British soldiers in Nigeria since 2015
Afenifere queries Buhari’s silence on $25bn NNPC contract scandal
I tried more than 6 times before I made it ‘Idyl, winner, The Voice Nigeria season 2
Make fashion statement in Kimono
PDP chairmanship and my relationship with Atiku, IBB, others ‘Professor Tunde Adeniran
All-round celebration for the new Oloko, Oba Solomon Oyeyode
I can deliver power to PDP in 2019 ‘Bode George
BusinessDay
PTAD recovers N16 billion in funds and assets
CBN, Stakeholders map out strategy on Agric sector
Akeredolu sets to make Ondo number one investment destination
PTAD recovers N16bn legacy pension funds, assets ‘ Ikeazor
Epara, Nigeria’s first luxury skincare product, launched in Lagos
BoI, SMEDAN, NEXIM hire rating agency to improve bankability of SMEs
TCN wheeled out 105,535.8 megawatts of electricity in September ‘ official
Vanguard
Asaba genocide is unforgivable ‘ Emma Okocha
Super Eagles: 90 minutes to Russia
Our prisons are national scandal ‘ Buhari
3m Lagosians living with disability’ Govt
Court throws out Justice Nganjiwa’s application for stay of proceedings
EFCC arrests dismissed solider, accomplice over job scam
OSUN POLL: Kehinde outlines programmes as he visits Ataoja
One feared dead, three injured on Lagos/Ibadan Expressway
N4.7bn fraud: Court adjourns trial of ex-Oyo gov till Monday
Daily Times
Six feared killed in suspected Fulani herdsmens fresh attack on Delta community
Hoodlums attack customs officials retrieve confiscated bags of rice
LASG arraign man over assault of LNSC officer
FG releases N100bn Sukuk bond proceeds for 25 road projects
Lumen Christi High School, Uromi wins SEPLAT Pearls Quiz Competition 2017
Senior lawyers know corrupt judges, court officials Falana
Nigeria Realises N118tn In 53 Years From Crude Oil NBS
Viral video of Prophet Fufeyin of Christ Mercyland praying for an obese woman to lose weight
EU official warns of war possibility in Catalonia
Leadership
Monkey Pox Cases Rise To 13 In Bayelsa Commisioner
Anambra Guber: Rights Group Raises The Alarm Over Arms Proliferation
AVM Mukhtar Muhammad (Nov 11, 1944 Oct 1, 2017)
Senator Misau And Juvenile Tendencies
Army Hands Over 760 Cleared Boko Haram Suspects To Borno Govt
PMB Orders Decongestion Of Nigerian Prisons
Governor Akeredolu Constitutes Technical Team On Power
$25bn Oil Contract: Kachikwu Keeps Mum After Villa Meeting
Kaduna SIECOM Postpones LG Elections Indefinitely
The Nation
$25bn NNPC contract: Buhari vets Kachikwu’s petition
Yes, I dated Tagbo, says Caroline Danjuma
Breasts are no big deal, yank them off if they’re cancerous ‘Ondo First Lady Akeredolu
Those killing in the name of God will go to hell ‘ Sultan
FG receives 400,000 alerts from whistle blowers
God saved me from possible plane crash ‘Oyedepo
I’m still wondering how illiterate Evans lured me into his kidnapping gang ‘Suspected informant
Man wrestles giant python to death
Reps, ACF, Clark, others demand enquiry, fair hearing
The Herald
5 South Koreans arrested in Bangkok for running gambling online
South Africa’s net foreign reserves hit $42.651 bn in September
NLC pickets AEPB, MTN offices in Abuja for casualisation of workers
PTAD recovers N16bn legacy pension funds, assets ‘ Ikeazor
Infrastructure development: Alimosho stakeholders commend Lagos Government
Zimbabwe’s Grace Mugabe in ‘poison ice cream’ row with vice president
Resettlement: Yobe agency supports IDPs to construct houses
Alleged N4.7bn fraud: Court fixes Oct. 9 for continuation of trial of Ladoja
PDP chairmanship :I will return PDP to winning ways-Bode George
Nigerian Pilot
Man, 58, appears in court for alleged stealing
4 dead, 45 hurt as water tank bursts in Philippines
Man docked over alleged cable theft worth N 500,000
Man to die by hanging for murder, armed robbery in Ekiti
Election: Anambra needs change in leadership ‘ Anyene
NANS seeks improved welfare for teachers
Gunmen kidnap Kogi magistrate
Employ quantity surveyors to supervise government’s projects ‘ expert
FG agric job creation programme for 360,000 youths begins soon ‘ Emefiele
Premium Times
Akwa Ibom Assembly says not aware of closure of multi-billion naira hospital
Why I am the best candidate to be PDP national chairman ‘ Bode George
NEMA confirms death of zonal coordinator
Buhari appoints 13-member Governing Board for FERMA (FULL LIST)
Hoteliers, residents raise concerns over noise pollution from Abuja night clubs
Ex-NIMASA boss accused of N2.6 billion fraud to know fate October 16
Ladoja’s N4.7 billion corruption trial continues Monday
Despite injuries, we’ll defeat Nigeria Super Eagles ‘ Zambia Coach
Ekiti 2018: I don’t need INEC’s help to win for PDP ‘ Fayose
Pulse
Finance: The fintech ecosystem explained
Finance: The most brutal rivals on Wall Street are putting their swords down for a good cause
Politics: The New Yorker evokes a powerful message about the Las Vegas shooting on its latest cover
Finance: The Trump administration just revealed how it wants to make going public easier for companies
Politics: Rex Tillerson is reportedly no fan of US ambassador to the UN Nikki Haley
Politics: Rex Tillerson made a striking comment about his role in the Trump administration during a meeting with Russian and Iranian foreign ministers
Tunde Lemo: Buhari appoints ex-CBN deputy governor as chairman FERMA
Safety: 5 smart ways to stay safe during fire outbreak
Politics: Some of Lisa Bloom’s most high-profile former clients support her defense of Harvey Weinstein
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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Afrocentric colonialism: The new face of African oppression
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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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