U.S. State Department issues new rule requiring some African tourists to pay up to $15,000 in bonds
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U.S. State Department issues new rule requiring some African tourists to pay up to $15,000 in bonds

The U.S. State Department has issued a new temporary rule that could require tourists and business travelers from 24 countries, most in Africa, to pay bonds of up to $15,000 to visit the United States. President Donald Trump’s outgoing administration said the temporary final rule, which takes effect December 24 and runs through June 24,…

Nigerian central bank holds lending rate at 11.5%, expects short recession
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Nigerian central bank holds lending rate at 11.5%, expects short recession

Nigeria’s central bank held its benchmark lending rate at 11.5% following a meeting by the monetary policy committee on Tuesday. Prior to the meeting, the last of 2020, the bank had cut the rate on two occasions this year both by 100 basis points. Central Bank Governor Godwin Emefiele said in a virtual briefing in…