LAGOS, March 29 (Reuters) – Shares in Nigeria’s Stanbic IBTC
Bank, a unit of South Africa’s Standard Bank,
fell 4.9 percent on Thursday, after the lender posted a 16.89
percent drop in pre-tax profit to 11.24 billion naira ($71.31
mln) for 2011 full year.
Gross earnings grew 18.83 percent to 67.43 billion naira
during the period, it said, in a report through the Nigerian
Stock Exchange. Its shares fell to 6.8 naira.
($1 = 157.6250 naira)
(Reporting by Chijioke Ohuocha; Editing by Tim Cocks)
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