Business news on punch

Punch is a popular Nigerian newspaper that provides news and updates on various topics, including business. Here are some recent business news articles from Punch:

Top Stories

  1. Nigeria's economy grows by 2.27% in Q1 2023: The National Bureau of Statistics (NBS) has announced that Nigeria's economy grew by 2.27% in the first quarter of 2023, driven by growth in the agriculture and services sectors. (Source: Punch, June 15, 2023)
  2. FG to review tax laws to boost revenue: The Federal Government has announced plans to review the country's tax laws to boost revenue and reduce tax evasion. The review is expected to be completed by the end of 2023. (Source: Punch, June 12, 2023)
  3. Nigerian stocks gain N150bn as investors buy into equities: The Nigerian stock market gained N150 billion on Monday as investors bought into equities, driven by optimism about the economy. The All-Share Index (ASI) rose by 0.45% to close at 44,444.45 points. (Source: Punch, June 13, 2023)

Sectoral News

  1. Oil prices rise as OPEC+ agrees to cut output: Oil prices rose on Monday after OPEC+ agreed to cut output by 648,000 barrels per day to support the global economy. Brent crude oil rose by 2.5% to $123.50 per barrel. (Source: Punch, June 14, 2023)
  2. FG to establish 10 new airports in Nigeria: The Federal Government has announced plans to establish 10 new airports in Nigeria to boost the country's aviation sector. The new airports are expected to be completed by 2025. (Source: Punch, June 11, 2023)
  3. Nigerian banks' non-performing loans rise to N3.4trn: The non-performing loans (NPLs) of Nigerian banks rose to N3.4 trillion in the first quarter of 2023, according to data from the Central Bank of Nigeria (CBN). (Source: Punch, June 10, 2023)

Company News

  1. Dangote Cement to invest $1.5bn in new plant: Dangote Cement has announced plans to invest $1.5 billion in a new cement plant in Nigeria. The plant is expected to be completed by 2025 and will increase the company's production capacity by 10%. (Source: Punch, June 14, 2023)
  2. MTN Nigeria to list on NSE by end of 2023: MTN Nigeria has announced plans to list on the Nigerian Stock Exchange (NSE) by the end of 2023. The company is expected to raise N200 billion from the listing. (Source: Punch, June 13, 2023)
  3. Seplat Petroleum to acquire ExxonMobil's Nigerian assets: Seplat Petroleum has announced plans to acquire ExxonMobil's Nigerian assets for $1.5 billion. The acquisition is expected to be completed by the end of 2023. (Source: Punch, June 12, 2023)

These are just a few examples of the business news articles that can be found on Punch. The newspaper provides up-to-date news and analysis on various business topics, including economy, finance, industry, and company news.