Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY TUE. 17 APRIL 2018

LOCAL HEADLINES:
DAILY POST
BREAKING: 2019: Buhari appoints Festus Keyamo as campaign spokesperson
Osinbajo reveals why Buhari is not religious bigot
Why Buhari’s second term declaration will not tear APC apart – Magnus Abe
Babangida speaks on NotTooYoungToRun, Nigeria’s multi-party system, herdsmen killings
Sultan advises Nigerian politicians on campaign funds
El-Zakzaky: PDP speaks on Shiite, Police clash in Abuja
What Buhari told Theresa May [Full text]
What Prime Minister May told President Buhari on Nigeria’s economy, Boko Haram
Aisha reveals why Buhari is allegedly part of wicked people
DAILY TIMES
Reno Omokri releases another looters list, Abba Kyari, Nasir El-Rufai, Rochas Okorocha, Adebayo Shittu floats on top
Fashola Will Be The One To Replace Buhari In 2019 Prophet Fakolade
WAWU! Taxi driver returns phone and lots of cash, requests for just N1000
N2.5bn NEMA scandal: Group raises alarm over plot by indicted officers to escape justice
Balarabe Musa offers presidential ticket of PRP to Sowore
You are the cause of your woes, PDP tells APC, Presidency
PDP proud of Ugwuanyis governance initiatives- Secondus
Revealed: How Oando saga consumed 2 SEC DGs
Confusion as Shiites engage police in bloody protest in Abuja
Im bothered about Nigerias security, economy, Buhari tells British PM
Gunmen kill Police Sergeant, abducts a German in Kano
PUNCH
Police arrest female suicide bomber in Maiduguri
Minister apologises as 6,000 policemen hunt fugitive thief
Banks registered 11,506 new PoS terminals in first quarter
Capacity building, tool for tackling cybersecurity Inlaks
The man with three faces has second transplant
Islamic education not backward Sultan
Facebook confirms it collects data beyond users
FG killing education sector in Nigeria
Ondo LG workers abductors demand N50m ransom
PDP, Falana flay FG as police shoot at Shiite protesters, arrest 115
Nobody will read my biography because of my past IBB
Health workers begin nationwide strike today
Secondus received N250m from Dasuki for special duties EFCC
Herdsmen slay four policemen, 32 villagers
THE NATION
Six policemen killed in Benue, Kano by herdmen
KSU Medical Students protest over non-accreditation of Course
Buhari to restore study of history in schools
Kendrick Lamar becomes first rapper to win the Pulitzer Prize for music
I really wanted to make it to the finals- Anto, Lolu speak after eviction
EFCC: N1.28b spent on cars for Secondus, others
2019 not my priority now, says Buhari
One feared dead in police, Shiites clash in Abuja
Abductors cut ransom on Otun Olubadans twins to N10m
Court fixes May 14 for judgment in APC tenure extension case
Six policemen killed in Benue, Kano
Suspected herdsmen kill 32 in Nasarawa villages
VANGUARD
N. Korea’s muted response on Syria strikes speaks volumes
Police arrest female suicide bomber in Maiduguri
NIMASA, World Maritime Varsity sign MoU to develop maritime industry
Rep scores Buhari low on security, economy
Nigerian media under scrutiny over herder-farmer conflict
Motorcyclist commits suicide after losing bike in football bet
Illegal mining claims 2 in Niger
Moroccan club bank on sharpshooter El Kaabi in CAF Cup
Oil prices trade with caution as Brent lowers at $71
Oshodi-Apapa road gridlock to dominate Lagos town hall talks
2019: Former Tinubus aide joins Delta guber race under APC
Breaking : Army troops intercept 20 militia herdsmen, kills 4 in Benue
2019: Hate speech causes ripples in Imo
APC chief flays Omo-Agege’s suspension
Stranded power compels us to cut generation from 560MW to 240MW ‘ Afam Power
THISDAY
Buhari: I’m More Concerned About Security, the Economy Than 2019 Polls
Market Analysts Push for SEC’s Independence as Regulator
US Military Worried over Rising Foreign Extremists’ Attacks in Nigeria, Other Countries
How Jonathan Conceded 2015 Election, Book by Okonjo-Iweala Reveals
APC Disagrees with Yakassai over North’s Rigging Claim in 2015
Presidency Report Reveals How Suspended NEMA Staff May Have Siphoned Billions of Naira
How Forensic Experts Helped Police Indict Danish Murder Suspect in Lagos
Beyonce Gets Praise for Honouring Fela, Chimamanda, Using Nigerian Dancers at Coachella
WORLD HEADLINES:
CNN
Late night reacts to Hannity revelation
South Korean actress and former North Korean abductee dies
New tech fights ancient diseases
What were you wearing” Sexual assault survivors reclaim discrediting words
Can US airline survive scathing report on safety
Sam Kiley: How to punish Putin’s wealthy friends
US-led strike raises questions about what’s next in Syria strategy
Cardinal Pell’s defense calls for historical abuse charges to be dropped
Is this superstar horse the greatest ever
US hits major Chinese tech firm ZTE with export ban
Canada to return diplomat families from Cuba over health concerns
Trump’s tabloid past may come back to haunt him
Jimmy Kimmel mocks ‘my pal’ Sean Hannity over Trump lawyer bombshell
This Singapore startup is taking on the big beauty brands
2018’s most expensive cities for business travel
This tiny Japanese island’s mud could alter the global economy
Scientists hope new enzyme will ‘eat’ plastic pollution
China’s economy hit the ground running in 2018
Russian hackers trying to access internet network devices, US and UK warn
China is beating the United States in the race for 5G
Report: Trump puts brakes on new Russia sanctions
AL JAZEERA
DR Congo fires 256 judges for not having law degrees
Accused plead ‘not guilty’ in Asifa gang-rape case
May defends Syria strikes in the face of criticism
Iran, Saudi Arabia ‘unlikely’ to pivot back to detente
Trump denied exclusive first look at seized Cohen files
What’s behind prisoner deaths at South Carolina prison?
Russia ‘will not delay’ in response to US sanctions
Trump lawyer appears in court over seized documents
Turkey anti-emergency rallies draw government criticism
Ex-FBI chief: Trump ‘morally unfit’ to be president
ASSOCIATED PRESS
Israeli series exposes raw wounds from ethnic Jewish divide
Months later, mudslide survivors finding personal treasures
Defending Trump in Russia probe’ It’s hardly a dream job
Young party official faces test as Cuba’s next president
Trump to host Japan’s Abe amid strain over N. Korea, tariffs
Mighty Mississippi: Scientists use model in land loss fight
China to protect ‘legitimate rights’ after US penalizes ZTE
What’s in those seized records’ Trump’s biggest new worry
Starbucks to train workers on ‘unconscious bias,’ CEO says
US, UK say Russia targets internet hardware for espionage
China’s Weibo site backtracks on gay censorship after outcry
Wade turns back the clock and 76ers in Game 2 Heat victory
Backpage.com co-founder released from jail on a $1M bond
Quirky ‘Night Court’ actor Harry Anderson dies at age 65
Microsoft turns to former rival to improve internet security
Commercial and critical darling Kendrick Lamar wins Pulitzer
Netflix is proving to be a tough act for copycats to follow
Hannity shares world view with Trump, and lawyer, too
Mayor says SpaceX to build new rocket in Port of Los Angeles
Police: Suspect argued with men before fatal LA studio fire
Web’s inventor discusses digital monopolies, privacy threats
BBC
France’s Macron urges defence of democracy in EU
Bialowieza forest: Poland broke EU law by logging
Rugby Australia ‘accepts’ Folau’s explanation in anti-gay row
Baboons prop up barrels to escape Texas research centre
The story of the Windrush generation
Rangers to suspend Miller & Wallace after dressing-room row
Australia’s Folau will not be punished for anti-gay remark
Which’ warns over buying World Cup tickets online
South Korean actress kidnapped by North’s Kim Jong-il dies
Syria chemical attack: Investigators allowed to visit site
Artificial intelligence must be ‘for common good
Sean Hannity unmasked as Trump lawyer’s mystery client
Wetherspoon pub chain shuts its social media accounts
China’s economy grows 6.8% in first quarter
Facebook facial recognition faces class-action suit
Why I like my job-share with robots
Rwanda football coach sacked over sex claims wins pay-off
Delay for Nasa’s Tess planet-hunter
Lockhart in Foster Twitter photo bullying complaint
WhatsApp photo drug dealer caught by ‘groundbreaking’ work
NYT and New Yorker win joint Pulitzer for Weinstein expos
BUSINESS HEADLINES:
$1.6 billion bitcoin exchange Coinbase continues its acquisition spree, snapping up another small crypto company – Business Insider
“Dancing with Myself” la mostra-evento di questa stagione – Forbes
1 Click To Turn JPMorgan’s 2% Dividend Into 7.4% – Forbes
10 Smart Ways To Save Money On Your Next Trip – Forbes
10 things in tech you need to know today (FB, MSFT, NFLX) – Business Insider
11 Plc introduces new product to reduce air pollution in Nigeria – Vanguard
12 of the most eligible millionaires and billionaires in the world – Business Insider
12 Ways To Provide Optimal Customer Service As A Finance Professional – Forbes
2 Top FTSE 100 Stocks For Growth And Dividend Hunters – Forbes
2018 Tax Day Specials, Freebies & Deals – Forbes
2019 Toyota Avalon Faces Market Challenges; Why Does Toyota See Sales Growth – Forbes
34 ships laden with petroleum products, food items to arrive Lagos ports – Tribune
5 global tech hubs you can reach easily from Silicon Valley – Business Insider
5 important things happening in South Africa today – BusinessTech
5 Undiscovered Small-Cap Stock Gems – Forbes
6 Signs It’s Time To Turn Your Side Hustle Into A Full-Time Business – Forbes
7 Ways To Tell Good Therapy Apps From Bad Ones – Forbes
70% Of College Students Damage Their Credit Shortly After Graduating – Forbes
SPORTS
2018 FIFA WC: I won’t pick up injuries, Obi assures fans – Vanguard
4-Star CB Christian Williams Commits to Alabama over LSU, Auburn and More – Bleacher Report
49ers’ Reuben Foster Has Misdemeanor Large-Capacity Ammunition Charge Dropped – Bleacher Report
5 Potential Managers That Could Replace Ernesto Valverde at Barcelona This Summer – FTBpro
Abia Warriors vs kastina United: Police stops angry fans from beating officials – Daily Times
Abia Warriors wastefulness responsible for Katsina United draw, says Samson Obi – Goal
Abubakar Bala reveals secret behind Kwara United draw in Enugu – Goal
Aiteo takes over Nembe City FC sponsorship – Daily Trust
Akwa chief hails gov – Punch
American woman and Japanese man win Boston Marathon’s elite divisions – CNN
Amusan regrets missing Commonwealth Games record – Vanguard
Argentines Celebrate Barcas Exit from UCL for WCup Glory – Thisday
Arsene Wenger Faults EPL’s VAR Delay – Daily Independent
Asaba 2018 AAC: South Africa aiming to dominate, unveils big squad – Vanguard
Asaba 2018: S/Africa unveil big squad for ASAC – Blueprint
Australia’s Folau will not be punished for anti-gay remark – BBC
Balogun Warns Mainz Teammates Despite Crucial Win Over Freiburg – Complete Sports
Banyana star Kgatlana receives work permit, in line to make Dash debut – Goal

Tracking Times – Entertainment
ENTERTAINMENT
#BBBNaija: Watch The Moment Alex Broke Down In Tears As Housemates Received Messages From Home – Information Nigeria
#BBNaija ‘ Day 78: Roles in Motions, Stinging Veto Power & More Highlights – Bellanaija
#BBNaija 2018: How other housemates were drinking, thinking I’ve been evicted ‘ Cee-c – Information Nigeria
#BBNaija 2018: Things you may not know about BBN finalists, Cee-c and Miracle – Information Nigeria
#BBNaija 2018: Tobi Bakre is the ‘Ultimate Head of House – Information Nigeria
#BBNaija 2018: Why I Didn’t Deal With Cee-C ‘ Khloe – Information Nigeria
#BBNaija: ‘Cee-c thinks I have taken her boyfriend” ‘ Alex – Gistlover
#BBNaija: 8 Things You Probably Did Not Know About Tobi – Gistlover
#BBNaija: Alex Breaks Down In Tears As Housemates Receive Messages From Home – Information Nigeria
#BBNaija: Alex Reveals The Status Of Her Relationship With Fellow Housemate Tobi – Information Nigeria
#BBNaija: At Last Nina Becomes Week 12s Head Of House As Alex And Tobi Reject Cee-C – Daily Times
#BBNaija: BamBam Is Slaying Our Entire Existence In This New Photo – NET
#BBNaija: Cee-C Becomes ‘Head Of House’ For The First Time Ever – Tori
#BBNaija: Cee-C becomes first housemate to trend worldwide – Information Nigeria
#BBNaija: Cee-C Replaces Nina As The New Head of House For Week 12, Alex Is Not Happy With It – Information Nigeria
#BBNaija: Cee-Cs family explain reason they did not send a direct message to her – Daily Times
#BBNaija: Check Out 8 Things You May Not Have Known About Housemate, Tobi – Information Nigeria
#BBNaija: Housemates Were Drinking, Thinking I’ve Been Evicted ‘ Cee-C – Gistlover
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
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Moreover, at the 79th UN General Assembly in New York, VP Shettima reaffirmed to the Bill and Melinda Gates Foundation, the commitment of the administration of President Bola Ahmed Tinubu prioritizing health, nutrition, and agricultural development in Nigeria’s national agenda.
In a statement by Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha, Shettima said: “we are deeply committed to addressing the pressing developmental challenges facing our nation, particularly the significant malnutrition crisis”.
He emphasised the Federal Government’s dedication and urgently working to secure locations for maize production under the Telemaze programme.
VP Shettima, promising swift action to the Gate’s Foundation on import permits for certified seeds, the VP said, “We recognize the critical importance of food security and industrial agricultural development. The Cassava Accelerator programme, in particular, holds immense potential for our economy.
“We are pursuing a whole-of-government approach to digitisation and data exchange systems, which we believe will revolutionise our public services,” he added while reiterating the government’s focus and commitment to digital transformation.
“With the expertise” of Nigeria’s ministers, “and the continued support of partners like the Gates Foundation,” the nation remains confident in its “ability to drive meaningful change and improve the lives of all Nigerians.”
In his response, President of the Global Development Programme at the Gates Foundation, Dr. Christopher Elias, said the Foundation is burdened with worries of the severe flooding in Borno, and is “committed to supporting Nigeria in times of crisis.”
Speaking of Polio, the Foundation said, “We’re impressed by the national task force’s efforts to eliminate variant polioviruses by year-end,” Dr. Elias noted.
Also, President of Global Growth & Opportunity Division at the Bill & Melinda Gates Foundation, Rodger Voorhies, detailed plans for scaling up drought-tolerant maize production and advancing the Nigeria Cassava Investment Accelerator programme emphasizing that a $5 million grant has been approved for Lagos Business School and partners to develop the agricultural economics of industrial cassava.
In his words, “Industrial cassava presents a multi-billion-dollar opportunity for Nigeria,” Voorhees stressed.
He requested import permits for 5,000 metric tons of certified GMO maize seed to build a foundation seed system in Nigeria.
Business
Managing, Leading, Building Institutions And Sustainability
The two primary tasks of a top-level leader are to exploit and explore the organisation with people for now and in the future.

By Babs Olugbemi
One of my concerns for leaders is their capacity to be ambidextrous. Regardless of years of experience, knowledge, and leadership capacity, the lack of a clear distinction between managing and leading on the one hand, leading and building institutions on the second layer, and ultimately focussing on sustainability is a significant threat to successful leadership change.
I have followed events and people at C-suites, coached some, and developed frameworks for leadership development. Based on the personalities and styles of the new leaders, I have confirmed my fears about leadership sustainability in most African organisations.
“Successful leaders can aptly differentiate themselves and their roles without necessarily seeing activities as performance, focussing on what is required of them with appropriate tenacity and influence.”
The challenge for leaders is how to lead for the present and future without losing sight of the stakeholders’ immediate performance expectations. Successful leaders can aptly differentiate themselves and their roles without necessarily seeing activities as performance, focussing on what is required of them with appropriate tenacity and influence.
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In my walk as a leadership coach, I have keenly observed leaders who are managing rather than leading. Managing involves ensuring that processes achieve their intended outcomes. Leaders are above managing and should focus on creating an enabling environment for innovation, inventions, and team collaboration. The primary role in leading is not to monitor process outcomes, though critical to the company’s overall objectives, but to align corporate values with the people’s aspirations to create an engaged and ownership-thinking mindset ready to take on challenges and explore opportunities. An alignment of corporate and personal goals will not only deliver the present performance expectations. Still, it will also incubate innovations to adapt to future market demands and the sustainability of the business.
Unfortunately, the capacity for ambidexterity is rare and often marked by leaders’ exposure, approach and styles, perception, and perspective of their roles in the organisation. A leader with a wrong foundation in these areas is set for failure and awaits unfavourable decisions from the board of directors. A top-level leader might manage their teams instead of leading them. Not all leaders can combine leading for the present with building institutions. However, anyone able to submit themselves to an institution-building mechanism can champion sustainability. Aside from being a leadership coach, I help leaders achieve sustainability.
Mathematically, creating an ambidextrous organisation is beyond leading. It is to lead and build an institution that focuses on sustainability in all aspects of the organisation—employee fulfilment, customer retention, strategy effectiveness, performance evaluation, stakeholder management, process improvement, and goal congruence.
In a nutshell, the role of successful leaders in ambidextrous organisations is striking a balance between exploiting current assets and capabilities to ensure short-term success and allocating enough energy and resources to exploration to ensure future viability. The two primary tasks of a top-level leader are to exploit and explore the organisation with people for now and in the future. The two seemingly contradictory aspects—exploitation and exploration—encompass different strategies and processes and have different targets and outcomes (March 1991; O’Reilly & Tushman, 2004; O’Reilly & Tushman, 2013).
O’Reilly and Tushman described the two concepts as follows:
- Exploiting: Exploiting involves building on an organisation’s achievements and maximising returns on previous investments. It focuses on responding to current business demands to remain efficient and competitive within an established market niche, as well as on maintaining an existing customer base and stakeholder relationships. Examples of exploiting are activities focused on continuous improvement, benchmarking, and redesigning business processes.
- Exploring: Exploring focuses on expanding an organisation’s knowledge and capabilities, pioneering new products and services, and discovering and venturing into untapped markets.
The common area of practical bottlenecks in exploiting and exploring in organisations is a need for foundational trust and cohesion among the resources, especially the human capital, which are often treated as costs rather than assets to the organisations. Among all the factors of production, only humans can be ambidextrous with the capacity to think about changes in economic parameters and adjust their behaviours to match the time, content, and contextual requirements.
While organisations might have the resources to deploy in fighting competition, technology to obtain first-mover advantages, and production capacity to maximise output from input, none is compared with the potential of an engaged workforce.
Therefore, for leaders to be successful, they must refrain from operating in the realm of managing. They should operate in the capacity of institution builders, with the mindset of creating sustainable leadership and growth with people first and other factors of production second.
Consequently, only the leaders who prioritise their people over profits, pride, and organisational arrogance will be successful in the long term.
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Business4 years ago
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