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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MANUFACTURERS SUPPORT TAX REFORMS, DEMAND ACTION AGAINST ILLEGAL LEVIES. (PHOTO).

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 Manufacturers Support Tax Reforms, Demand Action Against Illegal Levies


The Manufacturers Association of Nigeria (MAN) has praised the Federal Government for introducing four executive bills aimed at overhauling tax administration while urging a crackdown on illegal levies imposed by non-state actors.


Speaking on Thursday at the House of Representatives Committee on Public Finance’s public hearing on the tax bills in Abuja, MAN President Francis Meshioye described the reforms as timely, emphasizing that their proper implementation would enhance Nigeria’s fiscal and tax administration.


“The tax bills are timely, and we believe their implementation will set new standards in tax administration across the country. However, we also urge an end to the coercive tactics of non-state actors,” Meshioye stated.

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