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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PETROAN MOVES TO PREVENT NATIONWIDE SHUTDOWN OVER UNPAID N100BN BRIDGING CLAIMS. (PHOTO).

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 PETROAN Moves to Prevent Nationwide Shutdown Over Unpaid N100bn Bridging Claims


The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has initiated discussions with the Nigerian government to address the N100 billion bridging claims owed to petroleum marketers, aiming to prevent a nationwide shutdown.


PETROAN President, Billy Gillis-Harry, made this known in a statement on Wednesday, following a seven-day ultimatum issued by the Independent Petroleum Marketers Association of Nigeria (IPMAN) to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over the unpaid claims.


In an update, PETROAN emphasized its intervention to facilitate a swift resolution of the debt, warning that a shutdown of the sector could lead to fuel scarcity, economic instability, and hardship for Nigerians.


Gillis-Harry called on IPMAN and other industry stakeholders to collaborate in pushing for the settlement of the outstanding claims.


“The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has taken steps to ensure the payment of pending bridging claims. We urge our members to remain operational while engaging in constructive dialogue with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),” he stated.


He reiterated PETROAN’s commitment to fostering stability in the downstream petroleum sector through cooperation and innovative solutions.


"This issue affects not only our members but the entire industry and the Nigerian economy. We call on all stakeholders to unite in advocating for a swift resolution to this matter,” he added.


Earlier, IPMAN had threatened to halt operations if the government failed to settle the outstanding N100 billion bridging claims within seven days.

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