FIRST BANK OF NIGERIA PROFIT DOWN

FIRST BANK NIGERIA. Photo: Next.

Lagos (THEWILL) - Nigeria’s First Bank has reported a pre-tax profit of N3.19 billion naira for the six months ending in September, as against about N30 billion it made for the same period last year.

The bank’s non performing loans topped N74.38 billion naira, while its gross earnings rose to N128.14 billion naira compared to N96.95 billion naira which it reported for the same period last year.

First Bank established in 1894, is one of Nigeria’s first generation banks whose former Group Managing Director Lamido Sanisi, is chairman of the country’s Central Bank.