UPDATE: U.S FINALIZES $20,000 VISA BOND POLICY AFFECTING NIGERIA AND 49 OTHER NATIONS. (PHOTO).

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 U.S Finalizes $20,000 Visa Bond Policy Affecting Nigeria and 49 Other Nations The United States government has officially formalized its visa bond policy, making it a permanent measure that could require travelers from 50 designated countries, including Nigeria, to pay a refundable bond of up to $20,000 before receiving certain visas. First introduced as a pilot scheme in 2025, the policy targets applicants seeking B1 and B2 visas, which are designated for business and tourism. According to the U.S. Department of State, the initiative is designed to bolster compliance with local immigration laws and drastically reduce visa overstay rates. How the Visa Bond Policy Works Under the permanent guidelines, U.S. consular officers have the discretion to instruct eligible applicants to post a bond as a prerequisite for visa issuance. However, U.S. authorities have clarified that the financial requirement will not be applied automatically to every traveler from the listed nations. Data anal...
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KOGI, LAGOS, RIVERS MOST EXPENSIVE STATES IN NIGERIA- NBS.(PHOTO).

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 Kogi, Lagos, Rivers most expensive states in Nigeria – NBS


Kogi, Lagos, and Rivers are the most expensive states in Nigeria, according to the National Bureau of Statistics.


NBS’s November latest Consumer Price Index disclosed that the All-Items Inflation rate is the highest in the three states.


Accordingly, the report stated that Kogi (33.28 per cent), Lagos (32.30 per cent), and Rivers (32.25 per cent) states recorded the prices on a year-on-year basis.


Meanwhile, Borno (22.47 per cent), Katsina (24.91 per cent), and Plateau (25.53 per cent) recorded the slowest rise in Headline inflation on a Year-on-Year basis.


On a month-on-month basis, however, November 2023 recorded the highest increases in Kano (3.55 per cent), Kebbi (3.34 per cent), Borno (3.24 per cent), while Taraba (0.74 per cent), Anambra (1.00 per cent) and Enugu (1.18 per cent) recorded the slowest rise in Month-on-Month inflation.


Narrowing the analysis to food inflation in November 2023, on a Year-on-Year basis, Kogi was highest (41.29 per cent), Kwara (40.72 per cent) and Rivers (40.22 per cent), while Bauchi (26.14 per cent), Borno (27.34 per cent) and Jigawa

(27.63 per cent) recorded the slowest rise in food inflation on a Year-on-Year basis.


On a Month-on-Month basis, however, in November 2023, food inflation was highest in Cross River (4.37 per cent), Edo (3.95 per cent) and Rivers (3.91 per cent), while Anambra (0.63 per cent), Oyo (0.91 per cent) and Bauchi (1.00 per cent) recorded the slowest rise in inflation on a Month-on-Month basis.


 Nigeria’s inflation in November rose to 28.20 per cent.

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