Nigeria’s Sterling Bank says Q1 pretax profit rises 14 pct

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– Nigeria’s Sterling Bank said its first quarter pretax profit rose 14 percent year-on-year 4.04 billion ($20 million).

Revenue also rose to 27.22 billion naira in three months to end-March from 24.71 billion naira last year, the bank said in a statement without giving a reason for the rise in earnings.

($1 = 198.95 naira) (Reporting by Oludare Mayowa; Editing by James Macharia)


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