Nigeria’s UBA says Q1 pretax profit up 12% year on Year

[ChannelsTV]

Nigeria's United Bank for Africa (UBA) said on Monday its first quarter pretax profit rose 11.9 percent year-on-year to N17.15 Billion ($109 mln), up from N15.32 Billion in the same period of 2012. Gross earnings at the top tier lender climbed to 62.7 billion naira during the first three months of 2013, as against 52.4 billion naira in the same period last year, it said in a filing with the local bourse. ($1 = 157.6 naira)

Via: ChannelsTV

[Shola Sholaz]

There is nothing as good as making profits in whatever business we are in. This is always great news for enterprenuers.