BUSINESS

FirstBank Closes Trading Week With N391bn Market Capitalization

FirstBank share price depreciated by 7.6% as its market capitalization closed the week at N391 billion, losing a total of N32.3 billion week-on-week. 

NewsBeatng reports that the bank’s earnings report for the 9-month ended 30th September 2022, showed that interest income grew by 45.3% Y-o-Y to N144 billion from N99 billion recorded in the same period of 2021.

Similarly, profit after tax grew by 1155% Y-o-Y to N34 billion during the period under review, from N2.7 billion. 

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