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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DANGOTE REFINERY TO SUPPLY 25 MILLION LITRES DAILY- NMDPRA. (PHOTO).

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 Dangote refinery to supply 25 million litres daily — NMDPRA


The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the Dangote Refinery is set to supply 25 million litres of petrol daily to the Nigerian market


The $20 billion refinery, which has a capacity of 650,000 barrels per day, is expected to increase this supply to 30 million litres per day by October.

 

The regulatory authority disclosed that during a meeting held in Abuja on Tuesday, an agreement was reached between the NMDPRA and the Nigerian National Petroleum Company Limited (NNPCL) to commence the sale and supply of crude oil to the Dangote Refinery in local currency.


“The refinery is now poised to supply an initial 25 million litres of PMS into the domestic market this September,” the NMDPRA stated.


“This amount will be increased to 30 million litres daily from October 2024.”


The refinery, one of the largest in Africa, is expected to play a critical role in addressing Nigeria’s fuel supply challenges and reducing dependence on imported petrol.

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