Morgan's News Room

 An executive order went into effect September 21 placing restrictions on certain H-1B nonimmigrant workers. It may affect those outside the United States applying for entry, as well as impose additional fees. There is uncertainty over how the policy will be implemented and what exemptions will apply. 

 U.S. President Donald Trump is under scrutiny for potentially using the murder of right-wing activist Charlie Kirk as political leverage. Critics warn this could justify heavy-handed measures against opposition groups. 

  Vice President Kashim Shettima has been directed by President Bola Tinubu to lead Nigeria’s delegation at the 80th session of the United Nations General Assembly in New York from September 22-28. Shettima will deliver Nigeria’s national statement on September 24, attend the Climate Ambition Summit, a roundtable on housing, plus several bilateral meetings. 

 Gbadebo Rhodes-Vivour, a prominent figure in the Labour Party, has stated that the party is broken and that only a coalition can secure meaningful change in the 2027 elections. 

Traders and importers in Nigeria have reason to smile: the controversial 4% Free-on-Board levy on imported goods has been put on hold.  The government announced the suspension after strong backlash from businesses, many of whom warned that the levy would worsen inflation and cripple small traders.  Authorities now plan to review the levy system. For consumers, this may mean temporary relief from price hikes in the markets.

A Sudden U-Turn in Policy In a surprising move, the Nigerian government has put a pause on its newly introduced 4% Free On Board (FOB) levy on imports. The levy, barely weeks old, sparked outrage among traders, manufacturers, and everyday Nigerians worried about skyrocketing prices. With pressure mounting from all corners of the economy, the government pulled the brakes on the tax, leaving everyone wondering: what next? Why the Fuss Over 4%? On paper, 4% doesn’t sound like much. But when stacked on top of customs duties, surcharges, and other fees, the FOB levy threatened to make imported goods dramatically more expensive. For a country that imports everything from machinery to medicine, the implications were massive. Businesses feared the levy would: Inflate production costs Squeeze small importers out of the market Drive up consumer prices in a country already battling high inflation The Business Perspective Importers welcomed the suspension, saying the levy was “the last...