Morgan's News Room

  The Nigerian currency market continues to generate conversations as the naira battles volatility against the U.S. dollar. As of today, 21st September 2025, here’s the latest breakdown of exchange rates across different platforms:

  Nigeria isn’t just pumping oil—it’s leading the charge to reshape how Africa regulates petroleum. Sixteen countries have joined forces under a new body called AFRIPERF, aiming to harmonize oil regulations across the continent. If successful, this could mean fewer policy clashes, stronger investor confidence, and perhaps more stability in global oil pricing. Nigeria’s leadership here shows how energy politics remain at the center of Africa’s future.

  After six tense months under emergency governance, Rivers State can now exhale. President Bola Tinubu has officially lifted the emergency rule, reinstating Governor Siminalayi Fubara and other suspended officials. For residents, this signals a return to civil leadership and hopefully a step towards stability in the oil-rich region. The big question now is: can Fubara’s government rebuild trust and move quickly to address pressing local issues?

The United States has approved $32.5 million in humanitarian assistance to help Nigeria address acute food insecurity in conflict-affected areas.  • The aid will cover over 764,000 internally displaced persons, including pregnant and breastfeeding women and many children.  • The situation has been described as “unprecedented” in terms of urgency by the World Food Program. 

Observed September 16, 2025, this year’s World Ozone Day marks the 40th anniversary of the Vienna Convention for the Protection of the Ozone Layer.  • The observance celebrates successes like the Montreal Protocol, which has helped phase out many ozone-depleting substances.  • The theme emphasizes the need for equality in global environmental responsibility and sustained action. 

Mahmud Muhammad Usman, a key figure in the militant group Ansaru, has been sentenced to 15 years in prison by a Nigerian court. The charges include illegal mining and using proceeds to fund terrorist operations.  • He pleaded guilty to one of 32 charges; the rest are still pending.  • His capture and conviction are part of Nigeria’s ongoing fight against extremist groups. 

The Nigerian government has suspended the 4% Free On Board (FOB) levy on imports due to heavy objections from importers, business groups, and other industry stakeholders.  • The levy was seen to risk increasing inflation, raising business costs, and dampening Nigeria’s trade competitiveness.  • The suspension comes amid growing pressure for more fair and efficient revenue systems, especially as oil revenues decline. 

Ahead of a much-anticipated U.S. Federal Reserve meeting, investors are watching closely. The Fed is expected to cut its benchmark interest rate by 25 basis points, possibly bringing it into the 4.00%-4.25% range.  • The dollar is under pressure and hit a four-year low against the euro.  • Gold surged past $3,700 per ounce amid market anxiety.  • Oil remains elevated, partly because of drone attacks in Ukraine impacting Russian infrastructure.