Veritas Kapital Assurance Schedules Board Meeting to Approve Q4 2025 Financials

Veritas Kapital Assurance Plc has announced that its Board of Directors will convene on Tuesday, February 3, 2026, to consider and ratify the company’s unaudited financial statements for the quarter ended December 31, 2025, the insurer disclosed in a filing with the Nigerian Exchange. 

According to the notice, the board meeting will begin at 10:00 a.m. at the company’s registered office in Abuja. During the session, directors are expected to review the fourth quarter performance figures and discuss key operational strategies for the coming year before the results are released publicly. 

The disclosure also underscores compliance with the Nigerian Exchange’s post-listing requirements regarding closed periods. As a result, the company has instituted a trading blackout that took effect on January 1, 2026. This means that directors, employees with access to sensitive information, and their connected persons are prohibited from directly or indirectly trading Veritas Kapital Assurance’s securities until 24 hours after the unaudited fourth quarter 2025 results and the audited full year financials have been submitted to the NGX and made public. 

Veritas Kapital Assurance, a provider of non-life insurance products in Nigeria, offers a broad range of coverage including motor, fire and special perils, marine, aviation, oil and gas, energy, agriculture, and personal accident insurance. The company also participates in pension administration and health care segments. 

The scheduled meeting comes at a time when the insurer has been actively shaping its strategic direction. In prior corporate actions, the company’s leadership has pursued initiatives to strengthen its capital base and expand market presence. In October 2025, it sought shareholder approval for a possible private placement of up to ₦15 billion to support long-term sustainability and growth objectives, subject to regulatory approvals. 

Veritas Kapital’s board composition includes Chairman Babatunde Ayokunle Irukera and Managing Director/CEO Dr. Adaobi Nwakuche, along with other non-executive and executive directors who collectively oversee governance and strategic execution. 

Investors and market watchers will be closely monitoring the board’s review as it is expected to provide early indications of the company’s financial performance for 2025 and signal its strategic posture amid evolving market conditions in Nigeria’s insurance sector. 

The outcome of the February board meeting will be communicated to the NGX and the investing public following approval, in line with regulatory disclosure requirements.