Nigeria’s Fidelity Bank 2014 pretax profit rises 71.8 pct

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LAGOSNigeria’s Fidelity Bank’s 2014 pretax profit rose 71.8 percent to 15.5 naira ($78 ) from year ago, said Tuesday, sending its shares higher.

Gross earnings grew 4.3 percent during the period to 132.4 billion naira, the mid-tier lender said a statement. Shares in Fidelity Bank jumped almost 10 percent, which is the maximum daily limit allowed.

($1 = 199.00 naira) (Reporting by Chijioke Ohuocha; Editing by James Macharia)