Nigeria: Union Bank Shares Gained 152 Percent Last Year

6 September 2012

Fidelity bank rose 4.41 percent and Guaranty Trust Bank rose 3.07 percent.

Last week, Guaranty Trust Bank became the latest lender to post strong half-year results, reporting a 63 percent rise in pretax profit to 53 billion naira ($334.38 million) and saying that 73 percent of its gross earnings came from interest income.

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