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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GHANA PRESIDENT MAHAMA PICKS NEW CENTRAL BANK CHIEF. (PHOTO).

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 Ghana President Mahama picks new central bank chief


Ghana's President John Dramani Mahama has chosen Johnson Asiamah as the West African country's next central bank governor, pending approval by the Council of State, the presidency said on Friday, Reuters reported.


The current governor, Ernest Addison, is due to retire from the bank at the end of March and will go on leave from February 3.


Asiamah previously served as a second deputy governor of the central bank between 2016 and 2017, the president's office said in a statement, adding that he had extensive experience in monetary policy and had worked at the Bank of Ghana for over 23 years.


President Mahama won the December presidential election on a promise to “reset” the country on various fronts during a campaign that prioritised the economy.


He unveiled his key cabinet appointments earlier this month, naming Cassiel Ato Forson as Finance Minister, John Abdulai Jinapor as Energy Minister, and Dominic Akuritinga Ayine as Attorney General and Justice Minister.


Ghana is experiencing country’s worst cost of living crisis in a generation.

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