Nigeria’s FCMB says Q1 pretax profit rises 3.5 pct

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LAGOS, – Nigeria’s First City Monument Bank (FCMB) first quarter pretax rose 3.5 percent 5.76 billion naira ($29 million) a year ago after increased interest income, the lender said on Monday.

FCMB said in a statement gross earnings climbed 16.2 percent during the three-month period to 39.28 billion naira. ($1 = 198.95 naira) (Reporting by Oludare Mayowa; Editing by Helen Nyambura-Mwaura).

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