Nigeria’s Union Bank Says Q1 Pretax Profit Down 51%

Union Bank first quarter pretax profit fell 51 percent to N2.49 billion ($13 million) from year ago, it said on Tuesday.
Gross earnings rose to N20.86 billion during the period to end-March versus N18.78 billion in the same period last year, the lender said in a statement without giving reasons for the decline in profit.

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