Veritas Kapital Assurance Reports Strong Financial Growth

Veritas Kapital Assurance Plc reported a 286 per cent increase in Profit After Tax (PAT) for 2025, rising from N1.634 billion in 2024 to N3.046 billion. This growth followed a significant improvement in Profit before Tax (PBT), which shifted from a negative N1.485 billion in 2024 to N3.156 billion in 2025, representing a 313 per cent rise.

The company’s leadership maintained focus on core operations despite economic challenges, as noted by Irukera. Shareholders praised the firm’s resilience and steadfast approach to navigating sector-wide difficulties.

Additional initiatives in Nigeria’s economy include the Golden Jubilee Institute’s push for enhanced statistical capacity and the Agricultural Marketing and Co-operative Development Agency’s focus on modernizing agriculture and boosting exports.