Nigeria is not indebted to the United Nations as the country has paid $5,080,178 dollars up till April 5, 2018, however, the country is requesting the re-assessment of the scales for the due. The country is the 74th out of the 193 Member States of the global international organisation to fulfill its financial obligations.

Nigeria has launched an economic diplomacy initiative, aiming to take advantage of the country’s over 100 foreign missions to woo foreign businesses to invest in Nigeria and to create market access for Nigerian businesses in other countries. Vice President Yemi Osinbajo launched the Nigerian Economic Development Initiative, NEDI, organised by the Ministry of Foreign Affairs, on Thursday at the Banquet Hall of the Presidential Villa, Abuja.

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Sunday assigned duties to the newly appointed Deputy Governors who assumed duty on March 28, NAN reports. The deployment was contained in a statement issued by the acting Director, Corporate Communications Department, CBN, Mr Isaac Okoroafor.

The Vice President, Prof. Yemi Osinbajo has launched Economic Diplomacy Initiative (NEDI), insisting on commitment to ensuring adequate consultation, especially with private sector, in taking vital economic decisions.

NEDI, an initiative of the Ministry of Foreign Affairs is aimed at strengthening the country's commitment to all Pan African and other deals that had made Nigeria to stand out as a country, with a view to integrate Africa

Speaking at the occasion, the Vice President said Nigeria was also committed to strengthening economic ties at the official level on issues like technical cooperation, air services, double taxation, investment promotion and protection and citizens’ rights among others.

The Federal Government said it has engaged the services of Green Energy International Limited to commence the construction of the 12 million standard cubic feet per day, MMSCFD, capacity Liquefied Petroleum Gas, LPG, extraction plant at Ikuru Town, in Rivers State, vanguard reports.

Dr. Ibe kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachilwu on Thursday said the Federal Government currently incurs over N1.4 trillion yearly as under-recovery or losses on the importation and sale of petrol, minister of Petroleum Resources, Dr. Ibe Kachikwu.

The Minister made the disclosure at a workshop on the Harmonization of Liquefied Petroleum Gas (LPG) Regulatory Requirements in Abuja. He noted that the government through the Nigeria National Petroleum Corporation (NNPC), continues to shoulder such huge burden because of the over reliance of the country on premium motor spirit otherwise called petrol.

The Director-General of the Raw Material Research and Development Council (RMRDC), Dr. Ibrahim Hussaini Doko has explained factors militating against cashew production in Nigeria and ways that the issues could be addressed. Dr. Doko in an interview with Dailytrust said although the Federal Government initiated a Cashew Development Programme under the Tree Crop Development Programme in 2001

There are indications that Nigeria Gas (N-Gas) may have reduced the supply of gas to the Ghana thermal power production by 50 percent over a total of $40.3 million debt. Nigeria had since been supplying Ghana with about 60 million cubic feet of gas per day as against its contractual 120 million standard cubic feet of gas daily.

Mr Alex Okoh, the Director-General, Bureau of Public Enterprise (BPE) has assured that the organisation would not compromise on transparency and integrity in the sale and management of public assets in the country. He said this in a statement issued by Amina Othman, the Head, Public Communications win Abuja. Othman stated that Okoh gave the assurance at the joint kick-off meeting of the transaction advisers for the privatisation of Afam Power Generation Plant and the Yola Power Distribution Company in Abuja.

The Nigerian Stock Exchange (NSE) on Thursday recorded the first growth for the month with the All-Share Index improving by 0.31 per cent, a day after the Monetary Policy Committee (MPC) meeting. The index which opened at 40,749.86, rose by 125.83 points or 0.31 per cent to close at 40,875.69.