Banks rally as Q1 profits up 28% to N196 bn

Banks rally as Q1 profits up 28% to N196 bn

Nigerian bank stocks are rallying as investors digest First Quarter (Q1) 2017 results which have come in largely better than expected. Thirteen Nigerian banks have released Q1 2017 numbers. They are Access, GTB, Zenith, UBA, Ecobank Transnational Incorporated (ETI), Diamond, FBNH, Stanbic, Fidelity, Union, FCMB, Sterling and Wema Bank. Net income for the 13 banks…

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