Business
NEWS PAPER HEADLINES FOR TODAY TUESDAY 3 OCT. 2017

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Tracking Times News Hour |
Oriental Times
Catalonia “Wins Right To Statehood” After October 1st Referendum, Nears Independence
Nigerian Government Grants 3-Year Tax Reliefs To TStv Africa
Nigeria Will NEVER Break Up – Bishop Oyedepo
Nigerian Army To Launch Operation Crocodile Smile In Ogun State
Charles Ogbu: Independence Day Broadcast And The Hypocrisy Of President Buhari
Independence Day Speech: Buhari Is A Pathological Liar – Junaid Mohammed
Restructuring: Buhari Is Confused – Afenifere
IPOB Threatens To Sue Buratai, Orji Kalu Over Nnamdi Kanu’s Disappearance
Nnamdi Kanu’s Lawyer Blasts Orji Kalu, Says Ex-Governor Searching For Temporary Freedom
Igbo Should Forget About Presidency In 2019, Hausa Man Must Continue – Orji Kalu
Tribune
Nigeria will not disintegrate ‘Bishop Oyedepo
Aisha Buhari, Ayade, Eletu-Odibo, Alakija, Sanusi, others to bag FACE HONORS Awards In Washington DC
Buhari has endorsed my second term bid ‘el-Rufai
Minimum wage negotiation: Workers are running out of patience ‘NLC President
Water crisis imminent by 2020, NAH warns
PDP chairmanship: My experience in party administration is unrivalled ‘ Bode George
Addressing unemployment
Quality leadership for better Nigeria
ITU Telecom World 2017: Challenging Nigeria on the 5G evolution
Sahara Reporters
National Assembly Has Become An Obstacle To Restructuring, Says Professor Eghosa Osaghae
NJC Raises Panels To Probe Two Chief Judges, 13 Other Judges
Rivers State Sets To Host Garden City Award
Gunmen Kill Sun Newspaper Employee In Onitsha
Health Officials Sell Blood Of Sickle Sell Patients For Money, Says Activist
Nigeria @57: Youths Urged To Speak Up, Hold Leaders Accountable
Nigeria Needs Committed Generation Of People- Minister
Independence Day Broadcast; Another Wasted Opportunity By Charles Ogbu
Kalu Under Fire Over Kanu’s Whereabouts
Pulse
Independence Day: Presidency challenges Ohanaeze on promotion of peace, stability
Fitness and Weight Loss: This creative combination exercise crushes your arms and chest
Politics: The Las Vegas shooter took ‘more than 10’ suitcases into the Mandalay Bay days before the massacre
Las Vegas Shooting: See Pope Francis’ message to victims of massacre
South African Pastors: 5 times church members suffered at the hands of these ministers
Anambra Guber Poll: AD did not submit candidates names before deadline -INEC
African Union Boxing: Stanley Eribo crushes Tanzanian boxer in 12th round, wins N2.5M cash prize
In Kyrgyzstan: Country votes to test stability of region’s political oddball
Lai Mohammed: Don’t blame Buhari for nation’s infrastructure deficit ‘ Minister
Premium Times
IPOB: Presidency replies Ohanaeze
Relegated Shooting Starts transfer list 20 players
Anambra Governorship: Why AD has no candidate on our list ‘ INEC
NIMET predicts rain in Lagos, Ibadan, Calabar, others Tuesday
Arrest of two Ekiti commissioners unconstitutional, Attorney-General says
Nigeria’s problems are poverty, ignorance, not restructuring ‘ APC Legal Adviser Banire
4,000 PHCs being renovated across Nigeria ‘ Health Minister
Ekiti 2018: Olowoporoku joins governorship race, says PDP ‘strangulated’ by Fayose
Vanguard
Why FG won’t use 2014 confab report ‘ Presidency
Keeping Nigerians away from jails abroad
Southeast PDP pledges support for northern candidate for 2019 presidency
Don’t blame Buhari for Nation’s Infrastructure Deficit ‘ Lai Mohammed
Cabotage fund hits N100bn, as House Committee laments non-disbursement
MG Vowgas in business to halt capital flight ‘ IZOMOR
The Pfizer name is synonymous with trust and reliability
Netherlands business school urges Nigerian CEOs to embrace Action Learning
Ecobank launches mVisa across 33 African Countries
Bayelsa Govt applauds Singabele over CAF appointment
Drug abuse: Youth NGOs commend Saraki’s call for reforms
Skipping breakfast may double risk of hard arteries: study
Facebook beefing up team to thwart election manipulation
AfDB to promote remittances into Africa
APC scribe drums support for Buhari, cautions against distractions
IAAF announces 20 nominees for World Athlete of the Year awards
Nigeria needs committed generation of people ‘ Minister
At least 17 killed in Cameroon anglophone unrest: sources
Daily Independent
SGF: Buhari Should Release Report, Says Shehu Sani
Restructuring Can’t Solve Nigeria’s Problems ‘ Kukah, Utomi, NLC
Obasanjo Names Cub Lion Aremu, Donates N1m For Upkeep
Call EFCC To Order, Patience Jonathan Appeals To Buhari
59 Dead, 406 Injured After Las Vegas Shooting
DStv, StarTimes, Others Question FG Tax Relief To TStv Africa
Adeniyi, Yar’Adua’s Spokesman, Preaches Unity
Ebonyi SDP Vows To Sack PDP In 2019
Niger Delta Group To Meet Presidency Over Peace, Security
Thisday
NJC Sets up Panels to Probe 15 Judges for Corruption
58 Killed, Over 500 Injured in Deadliest US Shooting
NERC Mulls Three Metering Options to Eliminate Estimated Billing
FG Receives Knocks over New National Gas Policy
FG Set to Release Second Tranche of Capital Budget
FirstBank’s Payment Card Issuance Hits 10 Million
Obasanjo to Make Acting Debut in Comedy Skit
Nigeria Recovers $3bn Unpaid Oil Monies, Says NEITI
World Bank’s Project in Kainji Power Plant Yields 340MW
Daily Times
CBN claims it had to resist powerful forces to stop Naira float
OPC applauds growing support for restructuring
South South Forum promises continuous support for Ambode
I threw chairs, I used my belt Ugandan MP speaks from hospital bed
Brace up for leadership roles, senator urges youths
Restructuring cannot be substitute for good governance NLC President
Lagos State disburses N711m to 287 Retirees for September
APC scribe drums support for Buhari, cautions against distractions
APC named Ngige as chairman Governorship Campaign Organisation.
Click to view all Daily Times headlines today
Leadership
Russia, China Get One-year Weightlifting Bans
Farah, Obiri Lead IAAF Honours List
Consumers Behind Growth, Devt In Telecom Sector Danbatta
Cyber Attacks: Nigeria Jumps To 9 Spot As Banking Trojans Wreck Havoc
Accelerating Economic Development Via Enterprise Development
APC Will Win Anambra Governorship, Nwoye Vows
Sen Oko Raises Motion For E-learning Technology
Nigerias Beef Supply Survives On Steady Inflow From West Africa
Strike: Health Workers To Take Decision Today
The Nation
$18.5b revenue: Ex-PPMC chief to lose Dubai assets
NJC begins probe of 15 judges
FinTech: Banking hall transactions dip by 25%
58 dead, over 500 injured in Las Vegas massacre
Nigeria won’t disintegrate, says Oyedepo
Ex-first lady Patience Jonathan alleges victimisation by EFCC
Lagos govt, private sector partner to rival Silicon Valley
Activists to occupy UK embassy for Kanu’s extradition
Alleged N5m bribe: ICPC arraigns dropped board nominee in court
Daily Trust
Unremitted stamp duty revenue
Special courts for corruption cases
Buharis Speech at UNGA
North gets first female deputy clerk at NASS
Between Nigerian Peace Corps and National Guard
APC a party of modest spenders Chieftain
Ekweremadu wants 6-yr single term for president, govs
PDP chair: Govs, others split over move to impose Secondus
Dogara urges unity
BusinessDay
I&E FX window records $1.3bn, highest ever weekly turnover
Nigerian economy remains vulnerable, warns NBS’ Yemi Kale
Gracefield Island: Expanding focus with priority on environment enhancement
Stakeholders want new and active legislations for gas development
Las Vegas shooting: At least 58 dead at Mandalay Bay Hotel
NSE ASI, market cap decline as N14.086 billion equity traded
Why many Nigerian brands don’t outlast their founders, Olowola
FCMB leverages business model for increased customer advocacy
Ghana’s 9% GDP growth lays bare Nigeria’s policy failures
Experts raise concerns on rising rejection of electricity output by Discos
14 Firms paid N27.02 bln claims in HY
Nigeria’s capital expenditure challenge in the face of huge infrastructure deficit
Self-determination: Regionalism not secession is the right way forward
MFBs urged to consider bond issuance as funding alternative
Conoil: Nigeria’s strength lies in its unity
NEPC urges Aba entrepreneurs to look towards export to expand their businesses
New Telegraph
Banks, insider abuse and CBN’s riot act
Succour for albinos
Celebration as FG bids 106 Chibok girls farewell
Biafra: Extradite Nnamdi Kanu or we occupy your embassy, group tells UK govt
Presidency, lawyers hail NJC over judges’ probe
NJC sacks High Court judge over N200,000 bribe
2019: South-East PDP endorses Northern Presidency
10,000 contractors bid for jobs in agric ministry
Rage of Abuja pensioners
Tori
Horror: This Woman Was Stabbed 24 Times By Her Own Lover…You Won’t Believe What Saved Her Life
Tension as Nigerian Army Gets Set to Begin Operation Crocodile Smile 2 In Niger Delta…Details
Young Lady Exposed After Conniving With Boyfriend To Plan Her Own Kidnap And Extort N.2m From Parents
Shocker: Mother Busted After Hiding The Body of Her ‘Unwanted’ Newborn Baby Inside a Drain
Heartbreaking: How Gunmen Attacked and Killed Sun Newspaper Man In Onitsha
Pope Francis Reacts to Mass Shooting in Las Vegas Concert That Left 50 People Dead
NJC Sacks Zamfara Judge Over Bribe, Probes 15 Others
Graphic Photos: Woman Dies After Consuming Herbal Drugs She Bought on Facebook to Lighten Her Skin
Breaking News: Islamic State Group Claims Responsibility for Las Vegas Mass Shooting
World
10 strange ‘Shark Tank’ inventions that are surprisingly useful – Business Insider
2 Texas inmates set to die this month lose at Supreme Court – Yahoo
20-year-old college student among those gunned down during Las Vegas concert – Yahoo
2017 MLB Postseason: Preview And Playoff Predictions – Forbes
2018 World Cup: Egypt lose key players to injury – BBC
2018 World Cup: Patrick Malo recalled to Burkina Faso squad – BBC
5 Milan Fashion Week Trends Spotted On- and Off the Runway – Forbes
A Look Back On Tom Petty’s Career – Forbes
A top Goldman Sachs exec explains the skills you need to make it as a stock trader – Business Insider
The Sun
The birth of open education resources policy
LASU, ASUU still bicker over teachers’ sack
Students preach peace, unity through music
Ex lawmaker opens primary, secondary school in Abuja
Strike has destroyed varsity system ‘Prof Onuoha
Students showcase prowess at NLN readership campaign finale
Kanu has no clear plan to push for secession -Ikoh
Bayelsa and PDP’s quest for Dickson’s successor
2019: South East PDP supports zoning of president to North
Artyrama online art gallery makes debut in Nigeria
IAAF announces 20 nominees for World Athlete of the Year awards
Police deny robbery attack on Shoprite in Delta
Nigeria’s beach volleyball teams invited for qualifiers in Sierra Leone
AfDB to promote remittances into Africa to boost economic growth
Nigeria’s EGMONT exit, setback for anti-graft war -Dogara
Bishop Kukah tasks Nigerians on change of attitude
Expert advises Nigerians against archaic anti-menstruation beliefs
NJC sacks Zamfara judge, probes 15 others
Guardian
General Motors targets 20 all-electric models by 2023
Nigerian election as basis for political struggle
AWIEF Conference holds in Cape Town
Rivers, Oando expand 8.5km gas pipeline
Voice of Nigeria director-general lauds Buhari’s anniversary speech
Police roadblocks and politics of sanitising highways
Dividends of democracy
Niger Delta leaders to meet Buhari, disown PANDEF
TCN calls for increase in electricity tariff
Spain in crisis after police violence in Catalan vote
Lukaku denies Beverly Hills party charge
This Easy Excercise Burns More Fat Than Running
Seven Popular Bukkas In Lagos
Trump says Las Vegas massacre an ‘act of pure evil
Four Hot Trends At Paris Fashion Week
Restructuring not solution to Nigeria’s problems – Utomi
WWII bomb forces evacuation of 10,000 in Berlin
Las Vegas gunman Stephen Paddock was a retired accountant
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.
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The anger isn’t just about fuel; it’s about the entire state of living. Nigerians are exhausted. There’s no sense of security; power supply is erratic, basic infrastructure is crumbling, and inflation is at an all-time high. How do we live like this? Every day is a battle to make ends meet, and the government seems utterly disconnected from the struggles on the ground. It’s infuriating that while politicians and elites live in luxury, the rest of us are left scrambling for the bare minimum.
Business
Nigeria To Receive $5.600,000 From Bill Gates, For Health And Agricultural Reforms, GMOs
Alongside the activities surrounding the 79th United Nations General Assembly in New York, Vice President Kashim Shettima held a meeting with the Bill and Melinda Gates Foundation leading to the announcement of the donation by the Foundation’s head of Global Development.

Bill and Melinda Gates Foundation is giving Nigeria through Vice President Kashim Shettima, a $5.600,000 funds to speedy up health and agricultural reforms in favour of the GMOs in Nigeria, and flood relief.
Through the Foundation’s head of Global Development Programme, Dr Christopher Elias, Bill Gates pledged $5 million grant approved for Lagos Business School and partners to develop the agricultural economics they called “industrial cassava” and $600,000 for flood relief in Borno State and other health sector initiatives.
Alongside the activities surrounding the 79th United Nations General Assembly in New York, Vice President Kashim Shettima held a meeting with the Bill and Melinda Gates Foundation leading to the announcement of the donation by the Foundation’s head of Global Development.
Recall that on 4 September, Bill Gates had described the Nigeria’s economy as “stagnated” and proposed agricultural reforms for faster and increased growths in crops, fruits, vegetables amongst others to enhance nutritional values of the Nigerian citizens through the agricultural sector.
In that meeting Chaired by Vice President Kashim Shettima, Bill gates urged Nigeria to adopt “innovative crop varieties with shorter growing periods, higher yields, and better pest resistance” pointing to the GMOs to address the food crisis.
READ ALSO: Bill Gates, Anthony Fauci and conspiracy theories (part 2)
Nigeria’s economy stagnated – Bill Gates
Nigeria Is Not Meant To Exist, A Collateral Damage And British Royal Niger Corporation -Burna Boy
Moreover, at the 79th UN General Assembly in New York, VP Shettima reaffirmed to the Bill and Melinda Gates Foundation, the commitment of the administration of President Bola Ahmed Tinubu prioritizing health, nutrition, and agricultural development in Nigeria’s national agenda.
In a statement by Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha, Shettima said: “we are deeply committed to addressing the pressing developmental challenges facing our nation, particularly the significant malnutrition crisis”.
He emphasised the Federal Government’s dedication and urgently working to secure locations for maize production under the Telemaze programme.
VP Shettima, promising swift action to the Gate’s Foundation on import permits for certified seeds, the VP said, “We recognize the critical importance of food security and industrial agricultural development. The Cassava Accelerator programme, in particular, holds immense potential for our economy.
“We are pursuing a whole-of-government approach to digitisation and data exchange systems, which we believe will revolutionise our public services,” he added while reiterating the government’s focus and commitment to digital transformation.
“With the expertise” of Nigeria’s ministers, “and the continued support of partners like the Gates Foundation,” the nation remains confident in its “ability to drive meaningful change and improve the lives of all Nigerians.”
In his response, President of the Global Development Programme at the Gates Foundation, Dr. Christopher Elias, said the Foundation is burdened with worries of the severe flooding in Borno, and is “committed to supporting Nigeria in times of crisis.”
Speaking of Polio, the Foundation said, “We’re impressed by the national task force’s efforts to eliminate variant polioviruses by year-end,” Dr. Elias noted.
Also, President of Global Growth & Opportunity Division at the Bill & Melinda Gates Foundation, Rodger Voorhies, detailed plans for scaling up drought-tolerant maize production and advancing the Nigeria Cassava Investment Accelerator programme emphasizing that a $5 million grant has been approved for Lagos Business School and partners to develop the agricultural economics of industrial cassava.
In his words, “Industrial cassava presents a multi-billion-dollar opportunity for Nigeria,” Voorhees stressed.
He requested import permits for 5,000 metric tons of certified GMO maize seed to build a foundation seed system in Nigeria.
Business
Managing, Leading, Building Institutions And Sustainability
The two primary tasks of a top-level leader are to exploit and explore the organisation with people for now and in the future.

By Babs Olugbemi
One of my concerns for leaders is their capacity to be ambidextrous. Regardless of years of experience, knowledge, and leadership capacity, the lack of a clear distinction between managing and leading on the one hand, leading and building institutions on the second layer, and ultimately focussing on sustainability is a significant threat to successful leadership change.
I have followed events and people at C-suites, coached some, and developed frameworks for leadership development. Based on the personalities and styles of the new leaders, I have confirmed my fears about leadership sustainability in most African organisations.
“Successful leaders can aptly differentiate themselves and their roles without necessarily seeing activities as performance, focussing on what is required of them with appropriate tenacity and influence.”
The challenge for leaders is how to lead for the present and future without losing sight of the stakeholders’ immediate performance expectations. Successful leaders can aptly differentiate themselves and their roles without necessarily seeing activities as performance, focussing on what is required of them with appropriate tenacity and influence.
READ ALSO: Leadership, not God responsible for Africa’s poverty
Afrocentric colonialism: The new face of African oppression
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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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