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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FINANCE MINISTER WALE EDUN, COMMENDS NUPRC AS DAILY PRODUCTION HITS 1.84M BARRELS PER DAY . (PHOTO).

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 Finance Minister Wale Edun, Commends NUPRC As Daily Production Hits 1.84m Barrels Per Day 


The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for piloting the petroleum sector to hit a production level of 1.84 million barrels in recent days.

Edun Made the commendation when the NUPRC Commission Chief Executive, Oritsemeyiwa Eyesan, visited him in his Office. 


A Statement by Eniola Akinkuotu

Head, Media and Corporate Communication says Edun applauds the Commission for Reaching 1.84 million barrels per day , describing it as fantastic news. 

Reiterating that it is in line with the mandate of President Bola Tinubu, acknowledging that she has 

started on a very good note, urging the commission Chief Executive to  keep it up.

The finance minister described the war in the Middle East as unfortunate but said President Bola Tinubu had mandated an increased production even before the crisis began.

He therefore Urged the NUPRC to push the industry harder to hit Two million barrels per day .

NUPRC Commission Chief Executive reveals that Though recent production has hit 1.84 million barrels per day, 

the Commission is determine to do more, she assured the minister. 

She attributed the prior dip in production in February to some unfortunate incidents on some strategic facilities as well as turnaround maintenance Emphasizing 

that all has been fixed and production is ramping up.

On the 2025 licensing round, Eyesan said the Commission is now in the technical and financial stage.

She expressed optimism over the growth of the petroleum sector in the near future especially because of provisions like the “drill or drop” in the Petroleum Industry Act which empowers the Commission to revoke leases of dormant acreages.

Eyesan also inform the minister that the Commission had fully complied with the Executive Order 9 of 2026, which directs the immediate suspension of the 30% Frontier Exploration Fund (FEF) deduction from profit oil and gas, alongside other management fees and the direct remittance of same to the Federation Account.

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