Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY WED. 14 MARCH 2018


Tracking Times – Headlines
LOCAL HEADLINES:
DAILY POST
Senator Adamu opens up on N70 million alleged swallowed by monkey
What Buhari told IGP Idris after meeting in Aso Villa
2019: Why I turned down electoral act amendment bill – Buhari
Catechist, several others killed in Benue as herdsmen strike after Buhari’s visit
Tillerson speaks after sack as US Secretary of State
Benue govt speaks on Buhari’s comment that IGP Idris disobeyed him
THE AUTHORITY
Herdsmen Killings :EU asks FG to bring perpetrators to justice
Buhari overrules NASS on election sequence
Herdsmen Killings: Nigeria drifting towards war ‘ Umahi, Myetti Allah
Fulani terrorists kill another 25 in Plateau
IGP Relocation Saga: Buhari has admitted running disorganised govt ‘ PDP
Dapchi Girls: BBOG threatens to sue FG for criminal negligence
THE SUN
In Abuja, NICO builds bridge of unity
Igbo in FCT begin language protection campaign
New style beggars invade FCT, make brisk business
EU envoy fetes partners in Abuja
Day monarchs paid homage to female jurist
Igu Aro tears ancient Nri Kingdom apart
Ozubulu: Excitement as foundation fixes 40-year-old bridge
Senator Oduah gives account of stewardship
You won’t get our support if you don’t complete Second Niger Bridge, Anambra monarch tells Buhari
Nigeria on auto pilot, cabal in control ‘PDP
THISDAY
2019 Polls Take Centre Stage, Buhari Vetoes Electoral Act Amendment
Another 25 Persons Killed in Fresh Attack on Plateau Village
With Earnings of N745bn, Assets of N5.6tn, Zenith Asserts Status as Largest Tier 1 Bank
Trump Sacks Tillerson After Africa Visit
Buhari Sacks Boroh, Names Dokubo Amnesty Programme Coordinator
Shell, Eni Preempt Possible US Probe over Malabu Deal with Filings
House Okays Jibrin’s Resumption from Suspension
BPP Rejects PenCom’s Move to Cancel PAS Project
THE NATION
Gunmen kill 25 in Plateau attacks
Benue Killings: Buhari summons IG over breach of Presidential order
Anxiety in Senate, House as Buhari rejects polls bill
Buhari and the National Assembly
Weve restored stability in foreign exchange market, says President
Lassa fever kills three in Ekiti
House of Reps lifts suspension on Jibrin
What Tillerson said as U.S. Secretary of State before sack
Buhari to meet Dapchi girls parents in Yobe
PUNCH
Herdsmen kill 26, torch 11 houses in fresh Plateau attacks
No increase in cost of processing vehicle particulars
Trump fires Tillerson after visiting Nigeria
83% of candidates fail 2018 WASSCE
Buhari doesnt monitor security problems, say PDP, others
Benue: Buhari queries IG, demands full report of police operations
Buhari sacks Boroh, orders probe
Senate, House consult as Buhari rejects elections reordering
WORLD HEADLINES:
BBC
Defeats are beneficial’: England success papered over cracks, says Jones
Rex Tillerson: Secretary of state fired by Trump in Russia warning
Test election held for Pennsylvania seat
Physicist Stephen Hawking dies aged 76
El Salvador woman freed after 15 years in jail for abortion
Afghan sisters deported from Austria after landmark EU ruling
Trump inspects border wall prototypes in California
Actor accused of spying for Israel freed
IMF says digital currency tech can be used against crypto criminals
Trump personal aide John McEntee forced out – US media
Trump v Tillerson: A short history of disagreements
Shoes laid outside the US Capitol in Washington represent young victims of gun violence.
The Eritrean runner fearing deportation
How Russia uses propaganda to discredit opponents
Wrinkle In Time director: ‘No one in films looked like me
Superhero Sandale-man is Senegal’s Black Panther
Archaeopteryx flew like a pheasant, say scientists
El Kaabi named in Morocco squad for World Cup friendlies
Rex Tillerson fired: Social media on Trump’s ‘reality TV White House
Ahly secure landmark 40th Egyptian league triumph
Women missing from breast implant register
CNN
Stephen Hawking, renowned scientist, dies at 76
Reporter’s viral eye roll causes trouble with Chinese censors
These are the victims of the Austin package bombings
Trump’s intelligence whisperer prepares for State role
Trump signals wider senior staff shake-up may be coming
Pompeo expected to reinforce Trump’s hard line on Iran and N Korea
First woman appointed to run the CIA
North Korea blasts ‘human rights racket’ after UN report
Race for Pennsylvania congressional seat is a nail-biter
Trump visits border wall prototypes in California trip
Trump: Border wall climbers are like pro mountain climbers
Global warming puts nearly half of species in key places at risk: report
Live updates: Students stand up to slavery
A smuggler’s chilling warning: ‘Don’t struggle if you’re raped
Russian spy attack: Why Britain, why now
Russia is a rogue state. Will Theresa May do what Trump hasn’t
Stormy Daniels discussed alleged affair on 2007 radio show, host says
Doctors find air pocket hidden in man’s brain
Bus full of teens crashes into ravine
United admits ‘tragic accident’ after dog dies in overhead bin
Paul Manafort faces 305 years in prison
AFP
Hong Kong airline Cathay Pacific sees annual loss, outlook upbeat
Decision day for Britain over Russian spy affair
British scientist Stephen Hawking dead at age 76
Dog dies in United Airlines overhead bin
British scientist Stephen Hawking dead at age 76
Stephen Hawking: a brief history of genius
In the US, small organic milk producers face turmoil
Trump demands answers as Russia ignores Britain’s spy deadline
AL JAZEERA
Mike Pompeo: Who is the new US secretary of state?
Heat on Israel as blast hits Palestinian PM’s convoy
Trump pick for CIA chief’s post ‘oversaw renditions’
UK police investigate Russian businessman’s death in London
Dozens killed in DR Congo’s Ituri province
Russia: Conspiracy theories rife over ex-spy poisoning
Mosque finally approved in US city after Muslim group sues
What does Secretary of State Tillerson’s sacking mean?
Qatar renews oil deal with Abu Dhabi amid blockade
Wounded in Syria’s Eastern Ghouta await evacuations
ASSOCIATED PRESS
PA race razor close; Dem Lamb claims win, GOP not conceding
Stephen Hawking, best-known physicist of his time, has died
Stephen Hawking: ‘His laboratory was the universe’
Picked to be top diplomat, Pompeo seen as tight with Trump
Cabinet chaos: Trump’s team battles scandal, irrelevance
Students to put pencils down, walk out in gun protests
House Democrats cite ‘evidence’ of Trump-Russia collusion
Attention turns to affiliations of mosque-bombing suspects
Doctors hunt for hidden cancers with glowing dyes
Bonnies stun UCLA 65-58 for 1st NCAA Tourney win in 48 years
BUSINESS HEADLINES:
$1.8bn refinery overhaul projects to begins in Q2 – The Sun
$3-million Opening Bid For One-Of-A-Kind Rolex Daytona To Be Auctioned By Phillips In May – Forbes
10 Ways To Experience Paris Like A Local – Forbes
12 SEO Trends Heating Up 2018 – Forbes
13 Things Socially Intelligent Leaders Do Differently – Forbes
14 Innovative Ways To Be Successful As A Tech Executive Today – Forbes
15 things you’re doing that make people dislike you immediately – Business Insider
2018 Is About Asset Location, Not Asset Allocation – Forbes
3 Reasons Marvel’s ‘Avengers: Infinity War’ Needs A New Trailer – Forbes
43 top economists were polled on Trump’s latest big policy ‘ not a single one said it would help Americans – Business Insider
5 New Silk Road Projects That Will Alter Your View Of How The World Works – Forbes
5 questions we have after the season 2 finale of ‘This Is Us – Business Insider
7 Big Estate Planning Mistakes: Leaving A Messy Estate – Forbes
7 books every job hunter should read before sending out rsums – Business Insider
7 Things To Know About Experimental Drugs And The ‘Right To Try’ Act – Forbes
A California restaurant serves a hot dog wrapped in a churro – Business Insider
A mysterious ‘Disease X’ could be the next pandemic to kill millions of people ‘ here’s how worried you should be – Business Insider
A NASA astronaut brought her 4-year-old son to a spacesuit photo shoot ‘ and the pictures will melt your heart – Business Insider
SPORTS
2018 Commonwealth Games: D’Tigers To Travel To Australia In Batches – Osun Defender
2018 W/Cup: Nigeria has good, strong players ‘ Iceland defender – Vanguard
Aaron Rodgers Writes Heartfelt Instagram Post After Packers Cut Jordy Nelson – Bleacher Report
Ablaze FC wins Bayern Youth Cup tournament – Vanguard
Abuja hosts NOC/ IOC sports presidents seminar – New Telegraph
Alabama Crimson Tide vs. Virginia Tech Hokies Odds, March Madness Betting Pick – Bleacher Report
Arsenal ready to sell Iwobi’s team mate to Juventus – Daily Trust
Arsenal Transfer News: Gunners Reportedly Begin Talks for Maycon – Bleacher Report
Avery Bradley Out 6-8 Weeks After Undergoing Surgery on Abdominal Injury – Bleacher Report
Bala to replace Obuh as new coach at Kwara United – Peoples Daily
Barcelona chase Ndidi – New Telegraph
Bayern Munich out to consolidate in Turkey – The Nation
Bayern Munich Transfer News: Contract Talks Planned for Arjen Robben – Bleacher Report
Bayern without Robben for Besiktas – Heynckes – Goal
Breaking: Ondo Govt. sacks Sunshine Stars Coach – The Nation
British politician claims Mourinho is taking ‘blood money’ by working for RT – BBC
Bryony Frost: Meet the Cheltenham hopeful whose babysitter was a donkey – BBC

Tracking Times – Entertainment
ENTERTAINMENT
#BBNaija ‘ Day 44: Tic Tac Toe, What’s Cooking & More Highlights – Bellanaija
#BBNaija: Recently Evicted Housemates Angel And Ahneeka Returns Home – NET
#BBNaija: Recently evicted housemates Angel and Ahneeka returns home – Vanguard
18-year-old musician, Jire, returns with ‘baby my lover – Vanguard
24-year-old Nigerian asylum seeker stabbed to death in Italy after row with Nigerian woman – Linda Ikeji
33’ Export Kicks Off 2018 Edition Of Friendship Experience Parties In Abuja, Uyo, Asaba, Lagos. – NET
8th iREPRESENT docu-film festival set to hold in Lagos – New Telegraph
Actress, Princess Pemu tie the knot with her Ghanaian baby daddy! – Nigerian Pilot
All the TV shows coming in spring 2018 ‘ and whether you should watch them – Business Insider
Amber Rose ends her relationship with 21 Savage, weeks after Wiz Khalifa dumped girlfriend – Linda Ikeji
Atlantic Hall stages Ola Rotimi’s Ovonramwen Nogbaisi – New Telegraph
Aww! American dad goes viral after he showed how he deceived his daughter into drinking her milk while babysitting… wife reacts – Linda Ikeji
Aww! Rihanna recognizes kid dancers from Ikorodu, Lagos state on her Instagram page. – Linda Ikeji
Bad Financial Habits: 5 reasons you’re always broke before payday – Pulse
Beverly Naya, Hauwa Allhabura, Mr Ibu, Others In Hilarious ‘The Eve – Leadership
Big Brother Naija: Which #BBNaija housemate do you think will be evicted this week’ [Poll] – Pulse
Big Brother: Where are the past winners – Daily Times
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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Suspected Fulani militia kill two in fresh Taraba attacks
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