Wema Bank says Q1 pretax profit rises 4 per cent

Wema Bank said on Wednesday its first quarter pretax profit rose 4 percent year-on-year to 615.28 million naira ($3 million) compared with a year earlier.

Revenue also rose to 8.92 billion naira in the three months to end-March from 8.30 billion naira last year, the bank said in a statement without giving a reason for the rise in earnings.