Bargaining Power
IPOB sit-at-home: Black marketers sell petrol at N300 per liter in Ebonyi
Black marketers on major streets of Abakaliki cashed in on the sit-at-home order by the Proscribed Indigenous People of Biafra (IPOB) on Monday to make brisk business. They sold the premium motor spirit, otherwise called petrol, for between N200 and N350 per litre, following the closure of fuel outlets in the city due to the IPOB order. In separate interviews with newsmen, a cross-section of the hawkers expressed happiness over the development. Chidi Onu, who said he “made good business”, frowned at the restriction on business activities by IPOB. “Well, it is not my fault that these things are happening. It is high time we sat on a roundtable as citizens to discuss many issues affecting us as a nation. “Yes, the IPOB order has favoured me. I only came out to sell and have something for my ...
Australia’s competition chief claims victory after Facebook standoff
The architect of Australian media reforms being watched around the world claimed victory on Wednesday, even as critics said concessions to the laws forcing Big Tech to pay for news content have given Facebook and Google a get-out clause. The Australian government made late changes to the laws after Facebook last week blocked news content in Australia, escalating a dispute over the proposed legislation and catching international attention. The amended legislation is expected to pass the Senate this week, despite opposition from some minor opposition parties and independent politicians who argue it disadvantages smaller news companies. Rod Sims, the chairman of the Australian Competition and Consumer Commission (ACCC), told Reuters the bargaining power imbalance he was tasked with correcting...
