Zenith, Unity Banks profits up in Q1
Zenith Bank said yesterday its first-quarter pretax profit rose to 28.91 billion naira ($179 million), up from 28.87 billion in the same period last year.
Gross earnings at the top tier lender rose 8 percent year-on-year during the three-month period to 94.32 billion naira, it said in a filing with the Nigerian Stock Exchange. Meanwhile, Unity Bank increased firstquarter pretax profit 26 percent to 3.14 billion naira ($19.42 million) from 2.49 billion naira in the same period of last year. Gross earnings rose to 14.97 billion naira during the three-month period, against 13.98 billion naira a year ago, it said in a filing with the Nigerian Stock Exchange on Thursday. (Reuters)