Category: International Relations

  • US Rolls Out Visa Bond Pilot That Could Cost Some Nigerians $5,000–$15,000

    US Rolls Out Visa Bond Pilot That Could Cost Some Nigerians $5,000–$15,000

    Reporting by ThisDay Live indicates the United States has begun implementing a visa bond pilot that may require some B1/B2 (tourism/business) applicants from Nigeria and other countries to post financial guarantees ranging from $5,000 to $15,000.

    The bond requirement is not expected to apply to every applicant; it will be triggered by risk-based assessments during consular processing. Payments, where required, are to be made through the U.S. Treasury’s Pay.gov platform.

    US authorities also stressed that a bond does not automatically mean approval, and third-party payment arrangements would not be accepted.

    **Echotitbits take:** This raises the cost of legitimate travel for Nigerians and could chill short-term business and tourism flows. Watch for Nigeria’s Foreign Affairs Ministry response—especially any push for diplomatic engagement or reciprocity discussions.
    Source: The Punch — https://punchng.com/us-introduces-15000-visa-bond-for-nigerians-others/ 2026-01-08

    Photo Credit: The Punch

  • NERC Says Togo, Niger and Benin Owe Nigeria ₦25bn for Electricity Supply

    NERC Says Togo, Niger and Benin Owe Nigeria ₦25bn for Electricity Supply

    As disclosed by The Punch, the Nigerian Electricity Regulatory Commission (NERC) said Togo, Niger and Benin Republic owe about ₦25 billion for power supplied under regional agreements.

    The rising arrears have renewed debate about exporting electricity on credit while Nigeria faces domestic supply constraints and tariff pressures.

    NERC said discussions are ongoing on payment plans, warning that persistent non-payment could affect supply volumes.

    **Echotitbits take:** Recovering these debts matters for sector liquidity and stability. Watch for tougher contract terms—especially pre-payment structures—and clearer alignment between regional commitments and domestic power needs.
    Source: The Punch — https://www.google.com/amp/s/punchng.com/power-gencos-invoices-fall-n80-56bn-on-weak-demand/ 2026-01-08

    Photo Credit: The Punch