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Nigeria's banking share index up 7.7 pct on bank earnings

LAGOS (Reuters) - Nigeria's Top-10 banking index surged 7.7 percent in early trade on Friday after the two top lenders reported higher profits. Guaranty Trust Bank and Zenith Bank, two of Nigeria's top tier lenders reported 9 percent and 12.8 percent increases in pretax profits respectively for 2014. Their shares rose by the maximum 10 percent allowed at the bourse. The main share index is up 2.3 percent.