Business
LOCAL AND WORLD NEWS, BUSINESS, SPORTS AND ENTERTAINMENT HEADLINES FOR TODAY WED. 16 MAY 2018


Tracking Times – Headlines
LOCAL HEADLINES:
THE NATION
Biafra group knocks IPOB over threat to disrupt restructuring summit
Suspected herdsman defiles girl, 14, in Abia community
Verily, Oyeguns cry-babies need nose-wipe
Ado-Ekiti, Osogbo to be linked by rail, FG signs $6.68b contract
EFCC has recovered over N500 billion, says Magu
Two Nigerians killed in South Africa
Oyo Minority Leader elected Speaker
Well create 500,000 jobs with $22.5b private investments, says Osinbajo
National Assembly raises 2018 budget to N9.1tr
Senate endorses attractive investment environment bill
VANGUARD
IPOB alleges plot to kill members in Kuje prison
Minority Leader emerges Oyo Speaker
Nigeria’s ERGP Focus Labs identify $22.5bn investment opportunities ‘ FG
Agitators raise alarm over alleged invasion of N-Delta by foreigners
RAMADAN: Pray for Nigeria, Ogun State, Rep urges Muslims
NASS lays N9.12trn for 2018
Murder: Anambra assembly calls on Obiano, Ugwuanyi to intervene
Ibori, Okowa, Dickson, others to honour Darah at 70
FG approves N10bn for communities affected by herdsmen crisis
Delta govt issues ultimatum to road contractors
No word from Buhari as nPDP’s ultimatum expires
THISDAY
FG Warns Health Workers against Strike, Harassment of Doctors
Osinbajo: FG to Spend N10bn in Rebuilding States Affected by Herdsmen-Farmers’ Crisis
9mobile: Smile Faces Disqualification as Reserve Bidder
Dangote Lists Economic Benefits of National Identity Card
Birnin-Gwari Community Petitions Amnesty International over Killings
Hold Yourself Responsible for Your Failure, Jonathan Tells Aregbesola
Ebola: NCAA Demands Vigilance from Airlines
Military Launches Operation Last Hold in Final Push against Boko Haram
NNPC Report: Nigeria Produced More Oil in 2017 from PSC Leases
Shiite Leader, Sheikh Zakzaky Arraigned for Murder in Kaduna
THE SUN
Ebola: NCAA issues fresh guidelines for international airlines
As president commissions EFCC office’: Corruption forced me out in 1985 ‘Buhari
2019: Nobody can stop Wike’s re-election ‘PDP
Aggrieved APC members boast’: We’ll shock Buhari
Guide on how to market your business online
MTN launches new thematic campaign
Nigeria plans for ITU Telecom World 2018
Itel launches first fingerprint smartphone
Why 9mobile supported global fight against malaria
Africa in focus at multichoice digital dialogue in Dubai
Space technology, tool for human development ‘ Ale, NASRDA spokesman
Armed robbers attack Ekiti bank, 2 feared dead
Mace theft: NASS summons Ndume, Omo-Agege
GUARDIAN
No hiding place for treasury looters in Nigeria, Buhari vows
Onyekuru sad over World Cup omission, Omeruo returns to Chelsea
Ramadan fasting to begin on Thursday, Saudi says
Senate panel raises 2018 budget from N8.612tr to N9.120tr
Scientists issue fresh warning on next global pandemic- Disease X
Reps quiz Stanbic IBTC chief over N1 billion account in alleged breach of TSA policy
CBN, Shippers’ Council plan new disbursement account for agencies
Alcohol, tobacco are biggest threat to human health, welfare
Bonga achieves 763m oil barrels production since in 12 years
Rated fourth, can the Eagles survive Group D
WORLD HEADLINES:
CNN
North Korea threatens to cancel summit if US demands unilateral nuclear disarmament
China using ‘debtbook diplomacy’ in Asia Pacific
Piers Morgan calls Markle’s half-sister a ‘vulture
Japan’s big growth streak just came to an end
Anne Frank’s ‘dirty jokes’ revealed
What we know — and don’t know — about Melania Trump’s procedure
Keith Richards once pulled a knife to ‘get rid’ of Trump
Vietnam by planes, trains, automobiles … and then some
Groovy architecture of the ’60s
Sources: Trump sought to evacuate military families from South Korea before Olympics
Trump team dramatically changes tone on North Korea
Gulf widens between US and allies over Gaza
Some people hear ‘Laurel’ and others hear ‘Yanny
North Korea says Kim-Trump summit is at risk
NY Times columnist: North Korea has sold this carpet before
Nuclear test site dismantling has begun, North Korea monitors say
North Korea warns US in light of ‘provocative’ drills
Opinion: North Korea is testing Trump
China has a plan to lure its biggest companies back home
Here’s what was on the mystery pages of Anne Frank’s diary
Paul McCartney Fast Facts
AL JAZEERA
The Nakba: Palestinian catastrophe
Protesters march in major cities to commemorate the Nakba
How to eat right and keep well during Ramadan
Gaza’s Al-Shifa Hospital ‘on brink of collapse’ as injuries mount
Turkey, Germany spar over ‘Erdoganphobia’
George Soros foundation to close office in ‘repressive’ Hungary
Shia leader Sadr’s alliance set to win in Iraq polls
Taliban storms major city in western Afghanistan
North Korea starts dismantling nuclear test site: report
Laila Anwar al-Ghandour: The face of the Gaza carnage
BBC
North Korea threatens to cancel Trump summit
Malaysian opposition leader Anwar Ibrahim freed from jail
Japan’s economy shrinks for first time in two years
Farnese Blue diamond fetches $6.7m at Geneva auction
Venezuela crisis: Cereal maker Kellogg ends operations
Meghan Markle ‘had a certain sparkle
Gaza: The bullets stop, the burials go on
Director Spike Lee slams Trump at Cannes
Trump shares warm moment with slain police officer’s family
Controversial Russia-Crimea bridge opens
Anne Frank’s ‘dirty jokes’ found in hidden diary pages
How tech took the bite out of France’s rail strikes
Is US faith really rising under Trump as Mike Pence claims
Would you pay your ex a ‘break-up fee
Colombia’s ex-fighters taught skills for peace
Kaizer Chiefs cancel end-of-season awards after ‘underwhelming’ season
Cas rejects Munir El Haddadi’s Morocco switch
2018 World Cup: Tunisia make recalls to preliminary squad
Ghanaian shoe seller vows to bring Jammeh to justice
Furness hospital baby deaths: Midwifery council criticised
Body clock linked to mood disorders
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
BUSINESS HEADLINES:
10 Richest New-Car Incentives — Over $7,000 Cash Back – Forbes
15 Strong Indicators Of A Potentially Great Job Candidate – Forbes
16 High-Tech Cities You’ll Want to Call Home – Entrepreneur
17 thoughtful Father’s Day gifts under $25 – Business Insider
2 important emerging markets are seeing historic breakouts – Business Insider
2018 World Cup Preview, Group B: Spain And Portugal Will Be Hard To Stop – Forbes
24 Interesting Facts You Should Know About Chick-fil-A – Entrepreneur
5 Habits Of Highly Successful Networkers – Forbes
5 Questions to Make Meetings Productive – Forbes
5 Unconventional Ways To Make Your Coaching Business Explode – Forbes
8 Horrible Habits That Are Ruining Your Growth As A Freelancer – Forbes
8 Money Management Tips for Small Business Owners – Forbes
9 Of The Best Men’s Slim Fit Blazers For A Lean Professional Look – Forbes
A big drugmaker is backing away from a plan to triple the price of a lifesaving cancer drug after facing a public backlash – Business Insider
Actually, ‘Destiny’ Is Good Again – Forbes
Adamawa To Partner NDPHC On Solar Power – Daily Independent
Adeosun, Abdulrazaq bag ICAN awards – Punch
SPORTS
$240m baseball star Cano banned for 80 games – BBC
2018 NBA Mock Draft: 1st-Round Predictions After Lottery Results – Bleacher Report
2018 World Cup Odds: Brazil, Germany Betting Favorites over Spain and France – Bleacher Report
Agbor hosts Headmasters’ Cup final – New Telegraph
Ajiboye Vows To Make W’Cup Team – Daily Independent
Al Horford’s Sister: ‘F–k You JR’ After JR Smith Pushes Celtics Star in Midair – Bleacher Report
Allardyce set for axe as Everton manager – Vanguard
Allegri Wants Full Control At Arsenal – Daily Independent
America’s greatest war horse – CNN
Arsenal Transfer News: Gunners Reportedly Target Roma’s Cengiz Under – Bleacher Report
Aston Villa one game from Premier League return after play-off win v Middlesbrough – BBC
Atletico Set End Final Sorrow Against Marseille – Daily Independent
Brazil name 23-man squad for 2018 World Cup – Daily Trust
BREAKING: Arsenal Hold Talks With Jean Michael Seri – Daily Independent
British rugby players die from ‘breathing difficulties’ in Sri Lanka – CNN
Bryce Harper Avoids Free Agency Talk Before Yankees Game: ‘I’m a National Now – Bleacher Report
Buhari approves release of National Stadium to Lagos – New Telegraph
ENTERTAINMENT
#BBNaija’s Anto shares her Thoughts on Mental Heath in Nigeria | Watch – Bellanaija
#BBNaija: Cee-C Looks Absolutely Gorgeous In No Makeup Photos – Information Nigeria
#BBNaija: Miracle And Brother drops conflicting statements On Sugar-Mummy Allegations [Video] – Gistlover
13 Delta State Pilgrims Disappear Upon Arriving Israel ‘ Commissioner Reveals – Information Nigeria
16 of the highest paid movie roles of all time ‘ including $100 million for a single film – Business Insider
A genuine leader must be visionary enough to see the problem before it comes’ – Ben Bruce – Linda Ikeji
Ambode: Lagos govt. moves to acquire National Stadium – Pulse
Armed robbers attack Union bank in Ekiti, kill policeman and a bank staff – Linda Ikeji
Awujale’s Chair on Good Governance at OOU receives Adenuga’s support – Linda Ikeji
BBNaija: Miracle And Brother Give Conflicting Accounts On Sugar-Mummy Allegations (Video) – Information Nigeria
BBNaija: Miracle’s Brother Reacts To Claims That The Reality Star Has A Sugar Mummy Called Juliet (Video) – Information Nigeria
BBNaija: Teddy A And BamBam Suffer Brutal Attacks On Social Media (Photos) – Information Nigeria
Billionaire Heir, Theo Danjuma Proposes To His American Girlfriend – NET
Black man assaulted for wearing a Trump-supporting “Make American Great Again” cap – Linda Ikeji
Boko Haram Suicide Bomber Kills Five Civilian JTF Members In Borno – Information Nigeria
Buhari: President says Nigeria’s economy has improved – Pulse
Bursar And Ex-Director Arraigned For Allegedly Stealing Millions From The Institute (Photo) – Information Nigeria
CELEBRITIES AIR VIEW ON Yahoo boys raid by EFCC – Nigerian Pilot
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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