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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BURKINA FASO'S BOUNGOU & WAHGNION GOLD MINES NOW BELONG TO GOVERNMENT. (PHOTO).

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 Burkina Faso's Boungou & Wahgnion Gold Mines Now Belong to Government


The assets of UK-based gold producer Endeavour Mining and Lilium Mining, which is a subsidiary of Lilium Capital, founded by US-Burkinabe billionaire Simon Tiemtore, are to be transferred to the Burkina Faso government after several agreements were signed with Burkinabe Minister of Economy Aboubakar Nacanabo, Sputnik reported.


The two companies have settled their legal dispute over the sale of two gold mines. Their conflict began when Lilium acquired the mines in June last year. Endeavour claimed that Lilium had missed payments exceeding $100 million, while Lilium accused Endeavour of misrepresenting the financial and operational status of the mines.


As part of the settlement, Burkina Faso will pay Endeavour $60 million and a 3% royalty on up to 400,000 ounces of gold produced from the Wahgnion mine. Both companies will cease their ongoing legal proceedings in London.

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