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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CBN CONCLUDES RECAPITULATION; BANKS RAISE ₦4.65 TRILLION TO BOOST FINANCIAL STABILITY. (PHOTO).

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 CBN CONCLUDES RECAPITULATION; BANKS RAISE ₦4.65 TRILLION TO BOOST FINANCIAL STABILITY 


The Central Bank of Nigeria says it has successfully concluded the banking sector recapitalisation programme, strengthening the resilience of Nigeria’s financial system.


According to the apex bank, lenders raised ₦4.65 trillion in fresh capital within 24 months, with over 72 percent sourced locally and about 27 percent from international investors—an indication of sustained confidence in the sector.

CBN Governor, Olayemi Cardoso, says the exercise has reinforced banks’ capital base and improved their capacity to withstand economic shocks.


The CBN confirms that 33 banks have met the revised minimum capital requirements, while a few others remain under regulatory processes, with all institutions continuing normal operations.


It adds that the programme has improved capital adequacy ratios above global benchmarks, enhanced asset quality, and strengthened balance sheet transparency.


The apex bank says enhanced risk-based supervision and mandatory stress testing will sustain these gains, positioning the banking sector to support lending, savings mobilisation, and overall economic growth.

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