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 SLASHES PETROL PRICE TO ₦835/LITRE.(PHOTO).

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 Dangote Refinery Slashes Petrol Price to ₦835/Litre


Dangote Refinery has cut the ex-depot price of petrol to ₦835 per litre—a ₦30 drop from last week’s ₦865, and a ₦45 reduction from ₦880 earlier this month. This marks the third price cut in six weeks.


The new rate, confirmed via pro forma invoice and petroleumprice.ng, includes statutory charges from the NMDPRA. Diesel remains at $608 plus surcharges, while jet fuel stands at $664.75 with added costs. Coastal sales and LPG remain on hold.


The cut aligns with declining landing costs, now at ₦853 per litre, and comes amid the approval of 117,000 metric tonnes of petrol imports between April 8–16.


This also follows the renewed implementation of the Naira-for-Crude policy, a long-term initiative aimed at boosting local refining and easing FX pressures.

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