Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY SUN. 13 MAY 2018


Tracking Times – headlines
LOCAL HEADLINES:
DAILY TIMES
Lawyer Seeks Declaration of Herdsmen as Terrorist Group over Killings
Open Letter To President Buhari Olasupo Abideen @opegoogle
Fela Kuti inspired Water by TTY Noni
Sex-for-mark: Wild, wild sex on Nigerian campuses
My wife had sexual affair with Bishop, deacon Pastor cries out
Contributions of civil Society in Nigeria to present democratic dispensation, an overview
Daily Times Newspaper, Saturday, May 12, 2018
Buhari returns after medical treatment in London
Gov Bello expresses commitment to magistrates, judges welfare
FRSC denies recruitment exercise, warns Nigerians against fraud
THE HERALD
Buratai Wants Us To Accomodate Gaddafi’s Herdsmen Militia ‘ Benue Elders
54-Year-Old Singer, Sinitta Goes Braless At LGBT Awards
Photos from Ghanian Actor, John Dumelo’s Traditional Wedding
Juventus Want To Sell-Off Mario Mandzukic
OAP Toolz Opens up About Losing Her Baby
Buhari Spends Hours On One Soft Drink ‘ President’s Ex-Driver
Why I’m Leaving Borussia Dortmund ‘ Manager
How My Last Relationship Inspired My Song ‘Folashade’ ‘ Praiz
Cristiano Ronaldo Resumes Training Ahead Of UCL Final (Photo)
Yesterday’s Kaduna LG Poll ‘A Charade’ ‘ Senator Sani
How Microsoft Is Getting More Girls Into Tech
PUNCH
Senator, Reps disagree on making President, govs health status public
Nigerians demand law requiring Buhari, other candidates medical status
One killed, others injured as APC factions hold parallel congresses
Mace theft: Police fail to sanction cops for negligence
Codeine: NAFDAC reopens firms, asks Emzor to produce sales rep
PDP, ADC, SDP, 35 parties hold alliance talks to oust Buhari
Oshiomhole to emerge APC national chair by consensus
Kashamu: FG demands fresh US request for extradition suit
Tor Tiv, Al-Makura, Buratai to begin peace talks
NEW TELEGRAPH
Time for service chiefs to go
IGP’s Summons: Senate acting out of order
How Buhari’s making Atiku his successor
Niger: Chieftains threaten defection over consensus candidacy
Cracks in APC widen after ward, LG congresses
2019: We’ll look into agitations by aggrieved nPDP members ‘Oshiomhole
Codeine: NAFDAC reopens, sanctions Emzor, 2 others
Okowa: The man who brought peace to Ekiti
Ekiti: Fayemi floors 31 rivals, emerges APC guber candidate
DAILY INDEPENDENT
Niger Delta Needs To Raise A Generation Of Credible Leaders ‘ Mulade
Will Modular Refineries Bail Out Nigeria From Fuel Hitches
Modular Refineries As Economic Driver
DPR To Issue More Licenses
IGP Idris: Caught In Senate’s Web
Govt. Engagement With Youths, Way Of Curbing Restiveness ‘ Wabba
Buhari: Between His Health And Ambition
Security Chiefs: Time To Go
Benue Govt Will Not Tolerate Reprisal Attacks On Herdsmen ‘ Ortom
SAHARA REPORTERS
BREAKING: Fayemi Wins Rescheduled Ekiti APC Governorship Primary
UPDATED: Fayemi Trounces Oni To Clinch Ekiti APC Governorship Ticket
One Dead, 2 Injured As APC LG Congress Ends In Violence In Lagos
Police ‘Educate One Senator Abdullahi’ On Why DIG Can Represent IGP At Senate Hearing
Unity List’ Scuttles Plans To Hold Parallel APC LG Congress In Delta
Hoodlums Arrested With Charms As Ekiti APC Gubernatorial Primary Holds Under Heavy Security
Ekiti 2018: APC In Disarray
PREMIUM TIMES
Blogger Noble Igwe under fire for Twitter fraud comments
PTCIJ concludes week-long fact-checking training for journalists
NAN boss tasks journalists on fact-checking
Fayemi picks APC governorship ticket
Bayelsa Governor, Dickson, Bags The Nation Award
NSCIA mourns late CAN Secretary, Musa Asake
Ebola: Nigeria, other African countries at modest risk of spread ‘ WHO
U20 Africa Cup of Nations Qualifier: Guinea Bissau hold Nigeria’s Flying Eagles
WORLD HEADLINES:
CNN
The unassuming building that exposes bitter Middle East divide
Iran leader trolls Trump with ‘Fire and Fury
Out of the shadows: A mother’s struggle with mental illness
China’s first homegrown aircraft carrier heads out for sea trial
Attacker yells ‘Allahu Akbar,’ stabs five in Paris before police take him down
At least 2 killed in 3 church explosions in Indonesia
Israel destroys Gaza tunnel, boosts troop numbers, ahead of expected protests
Netta Barzilai of Israel wins Eurovision
Former Trump campaign aide is helping Russian firm shed sanctions
Prince Harry and Meghan Markle ask US bishop to preach at their wedding
Queen gives official consent for Prince Harry’s marriage
Trump repeats misleading claim on Iran’s military budget
Zakaria: Trump has proved Iran’s hardliners right
Richard Feynman’s 100th birthday is a celebration of science
Cheetahs chase family in safari park
He was seen as a hero. Then they discovered he was something else
Elon Musk’s LA tunnel is almost finished
Trump: Senate should approve spending bill with wall, border money or skip August break
NASA plans to send a helicopter to Mars
North Korea reveals plan to blow up its nuclear test site
Inside mountain base still on alert to Kim’s missile threat
ASSOCIATED PRESS
US abortion clinics face surge of trespassing and blockades
Military seeks to limit Congress on fixing child sex assault
Putin’s image: An inextricable part of Russian life
Report: Millions of tweets spread anti-Semitic messages
Chelsea Manning: Insurgent bid for US Senate is genuine
Putin takes oath of office for 4th term as Russian president
Syria’s Kurds put IS on trial with focus on reconciliation
Worry, fear in Iran ahead of Trump’s decision on atomic deal
Buffalo buzzing over Bills draft picks, Sabres lottery win
Asian markets rise, tracking Wall Street gains on job report
Springsteen escorts Van Zandt in to New Jersey Hall of Fame
From Bakersfield to DC, McCarthy’s unlikely rise in GOP
Chelsea Manning: Insurgent bid for US Senate is genuine
AP Explains: Why every vote is not equal in Malaysia polls
Monday hearing could have big implications in Greitens’ case
Annual Muzzle ‘awards’ go to alleged protest squelchers
Expansion Golden Knights top Sharks to make conference final
Guatemala’s crusading prosecutor exits amid praise, threats
Asian markets rise, tracking Wall Street gains on job report
Trial set for Latvian accused of running malware operation
Court asked to toss more cases tied to drug lab scandal
BBC
Nine dead in Indonesia church bombings
Eurovision 2018: Netta wins for Israel with Toy
Kids’ top tips for Meghan Markle
Stage invasion at Eurovision song contest
One killed in Paris ‘Islamic State’ knife attack
Pakistan blocks US diplomat from leaving after fatal crash
Cannes 2018: Jean-Luc Godard uses FaceTime to hold press conference
Royal wedding 2018: US bishop to give address at service
BDSM and consent: How to stop rough sex crossing the line into abuse
Putting the fizz back into Catalonia’s cava
PJ Conlon: Dream debut revives Irish role in baseball history
Men-only event at US mosque sparks backlash
Another injury blow for Tunisia as Khenissi suffers muscle problem
Ivorian Joris Gnagnon hints at France switch
The couple who care for stricken dogs in an Indian beach town
Icebergs and empty pools: Five things Cape Town’s Day Zero taught us
Three-quarters of public worried about nurse staffing
ME protesters gather in London
What is at stake on final day of Premier League season
Bale scores twice as Real put six past Celta Vigo
Bayern boss Heynckes bows out with heavy home defeat
AL JAZEERA
Indonesia links church attacks to local ISIL-inspired group
Mexico: Third election candidate murdered within a week
France: Suspect ‘killed’ after deadly knife attack in Paris
Thousands attend far-right commemoration in southern Austria
Separatists fail to elect Quim Torra as new Catalonia leader
What can be done to save children in DRC from starvation
North Korea’s nuclear test site to be dismantled within weeks
Low turnout as Iraqis vote for first time since ISIL defeat
Catalan lawmakers to vote on new regional leader
Cardinal Joseph Zen: Why a Vatican-China deal will harm Catholics
Greece financial crisis: repayments interests cripple economy
Real carnage’: Dozens killed in attack on Burundi border village
Malaysia politics: A turbulent shift in power
US pullout from Iran deal: Who will pay the economic price
Bridging the divide: Cyprus choir spreads message of peace
South Korea labour law cuts working week to 52 hours
East Timor elections: second vote in less than a year
Syria: Evacuees stuck near al-Bab plead for help
UN nuclear watchdog chief inspector Tero Varjoranta resigns
Butterflies at New York exhibit educate the public
Nicaragua protests: UN calls for access to investigate deaths
BUSINESS HEADLINES:
$20m investment excites Ambode – The Nation
12 Predictions For How VR Will Change The Future Of Advertising – Forbes
38 ships laden with petroleum products, food items, to arrive Lagos ports – Tribune
60% of furniture-making jobs in North Carolina have disappeared to China ‘ but the state found a creative new way to fight back – Business Insider
7 Signs You’re A Leader People Can Trust – Forbes
A dermatologist shares her 6 go-to anti-aging products to stop wrinkles before they appear – Business Insider
Age Discrimination And Women In The Workplace. Here’s How to Avoid Getting Pushed Out – Forbes
As Regulators Make Predatory Lending Easier, Can Workers Break Free From Debt Trap Of Payday Loans – Forbes
Avengers: Infinity War’ Tops $500M Domestic, $1.44B Worldwide – Forbes
Bears hold sway as equities lose N71bn – BusinessDay
Benue bloodshed: Unanswered questions – BusinessDay
Bhutan, a country known for its index that measures happiness, is dealing with a mental health crisis – Business Insider
Binatone marks 60th anniversary with special promotion – New Telegraph
Boxing Biz: Vasiliy Lomachenko Vs .Jorge Linares, Gennady Golovkin’s Massive Ratings – Forbes
Cabal behind Buhari’s second term bid ‘ Salvador – BusinessDay
Caverton Group records 328% profit growth, rewards shareholders with 15k dividend – BusinessDay
Childish Gambino’s ‘This Is America’ Could End Drake’s 15-Week Streak Atop The Charts – Forbes
SPORTS
3 Key Battles Which Could Decide Sunday’s Serie A Clash Between Roma & Juventus – FTBpro
Agoma championship keeps Nigerian taekwondo busy – Vanguard
Akwa United are not scared of Enugu Rangers, says Ojo Olorunleke – Goal
Amazing swap between Chelsea and Man United – Daily Trust
Amid Heavy Down Pour Oshiomhole, Obaseki, Dalung Run In IAAF Okpekpe Race – Leadership
Arsenal Transfer News: Bernd Leno Interest Reportedly Grows Amid Buy-Out Rumours – Bleacher Report
Bale Bags Brace As Real Madrid Thrash Celta Vigo – Complete Sports
Bale scores twice as Real put six past Celta Vigo – BBC
Bayern boss Heynckes bows out with heavy home defeat – BBC
Brilliant Bale stakes claim for Champions League final place – Goal
Brilliant Bale stakes claim for Champions League final place – Goal
Chris Bosh’s Mother Files Suit Against Former NBA PF for Trying to Evict Her – Bleacher Report
Conte’s wife won’t influence decision on Chelsea future – Goal
Conte’s wife won’t influence decision on Chelsea future – Goal
Danish players feared we would beat them silly at France 98 Lawal – Punch
Downs extending striker loan deal – Kickoff
Dwane Casey Pens Thank You Letter to Raptors Fans After Being Fired – Bleacher Report
Eagles opponent, Iceland targets last 16 – Nigerian Pilot

Tracking Times – Entertainment
ENTERTAINMENT
#BBNaija’s BamBam, Ifu-Ennada attended the launch of a New Radio Station in Calabar & they Slayed! – Bellanaija
About Olu Okeowos lavish birthday bash – The Nation
About Yakubu Dogaras passion – The Nation
Berlusconi Scandal Inspires Another Film – Channels TV
Blac Chyna’s 18-year-old boyfriend surprises her with flowers as she celebrates 30th birthday – Information Nigeria
BN TV: Sisi Yemmie shares how she Balances Family, Career & Everything in New VLog | Watch – Bellanaija
Bossladies 50: When unlike poles attack – New Telegraph
Brooklyn Nine-Nine’ saved by NBC – CNN
Check out this loved up photo of Davido and his assurance, Chioma – Linda Ikeji
COSON holds AGM, elects board members – The Sun
Dancers too deserve recognition Kaffy – Punch
Disregard all fakes quotes’ ‘ Juliet Ibrahim addresses rumoured split from Iceberg Slim – Bellanaija
Don Jazzy: “We need more song writers in the music industry” – Mavin boss – Pulse
Ekiti ADP Primary: Adewale emerges governorship candidate – Pulse
El-Rufai: Gov wants Nigeria to adopt electronic voting, says it helped Kaduna save N1.7bn – Pulse
Entertainment: Delusions of Kanye – Pulse
Father Of Man Murdered Over N7M Naijabet Winnings Cries Out – Olufamous
Fela Kuti inspired Water by TTY Noni – 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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