Bloomberg News

First Bank of Nigeria Attributable Profit Rises 46%

April 17, 2012

(Corrects profit in headline and first paragraph.)

First Bank of Nigeria Plc (FIRSTBAN) said full-year profit attributable to shareholders through December rose 46 percent.

Net income jumped to 45.7 billion naira from 31.1 billion a year earlier, the Lagos-based lender said today in an e-mailed statement. Revenue surged to 296.32 billion naira from 232 billion naira.

To contact the reporter on this story: Dulue Mbachu in Abuja at

To contact the editor responsible for this story: Antony Sguazzin at

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