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FINANCIAL SERVICES · Insurance Carriers · Price, fundamentals, signals, and forward-looking context in one research view.
FINANCIAL SERVICES
₦16.1B
N/A
N/A
Current price
₦1.15
-0.9% todayUpdated 27 min ago
Open
₦1.17
Previous close
₦1.16
Day range
₦1.10 – ₦1.17
Volume
28,981,233
Limited data
Awaiting filing
No current yield
65/100 measured
Easy to trade
Recent price movement, key market context and the latest company information.
The latest saved price history for VERITASKAP, with its range and direction at a glance.
1 pages were reviewed. Open the update for the summary and original document.
Veritas Kapital Assurance Plc provides non-life insurance products and services to individuals and businesses in Nigeria. It operates through Non-Life Business, Pension Administration, and Health Care segments. The company offers fire and special perils, motor, bond, aviation, marine, oil and gas, energy, property, agriculture, personal and group accidents, household, third party, travel, workmen’s compensation, construction, health, and other insurance products. It also provides engineering insurance products, including contractor’s and erection all risks insurance policies, as well as machinery breakdown insurance. In addition, it is involved in the administration and management of pension fund assets. The company was formerly known as UnityKapital Assurance Plc changed its name to Veritas Kapital Assurance Plc in April 2018. The company was incorporated in 1973 and is headquartered in Abuja, Nigeria. Veritas Kapital Assurance Plc is a subsidiary of Veritas Capital Limited.
Investors usually follow VERITASKAP for its valuation signal, sector position, and upcoming company events. The goal here is not just to show numbers, but to explain what they mean in plain English.
Whisone is bearish because the bullish case is not yet strong enough to lead while fundamentals are weak at 22/100. Whisone has low conviction here. The final read is being balanced by the weighted scores for fundamentals, technicals, insider flow, sentiment, event flow, and liquidity.
Whisone v2 splits the read into weighted parts so the score is not just one hidden number.
Fundamentals
Growth, margins, cash flow, and valuation.
Sentiment
Market mood from flow, events, and attention.
Latest net profit
-₦1.74B
TTM (2026-08-31)
ROE
19.6%
Return on equity
ROA
10.6%
Return on assets
P/B ratio
0.85
Useful for book value support.
Confidence
74/100
Direction
Heavy downside risk
Main supports
Recent price and fundamentals refreshes improve signal reliability.
What can go wrong
Volatility is elevated, so the path can stay rough even if the thesis is right.
Fair value
₦1.01
Analyst view
n/a
Forecast refresh
Updated 14h ago
Quality score
29
Growth score
50
These are the external analyst numbers and business outlook figures already synced into the company record.
No external analyst outlook is available for this company yet.
A plain-English reading of momentum, trend, volatility, range position, and trading participation.
RSI
35.0
Momentum is currently in a neutral range.
Recent trend
Falling
-32.0% across the latest saved price window.
Volatility
Low
Beta is 0.58. Price has historically moved more calmly than the wider market.
52-week position
5% of range
Price is trading close to its 52-week low.
Volume confirmation
2.14x average
Trading activity is above average, giving the current move stronger participation.
CBN data localisation directive
VERITASKAP may also move because the FINANCIAL SERVICES sector may move with cbn data localisation directive. Confidence 67%.
The directive targets banks, fintechs, mobile money operators and other payment service providers, creating sector-wide requirements for local data hosting, oversight and beneficial-ownership disclosures.
CBN proposed holdco framework
VERITASKAP may also move because the FINANCIAL SERVICES sector may move with cbn proposed holdco framework. Confidence 67%.
The proposed CBN holdco framework would change how foreign subsidiaries of Nigerian banks are structured, impacting financial groups listed.
NIIRA 2025 minimum capital requirements
VERITASKAP may also move because the FINANCIAL SERVICES sector may move with niira 2025 minimum capital requirements. Confidence 67%.
The industry-wide introduction of higher minimum capital requirements under NIIRA 2025 prompted recapitalisation exercises across insurers.
NIIRA_recapitalisation
VERITASKAP may also move because the FINANCIAL SERVICES sector may move with niira_recapitalisation. Confidence 67%.
The NIIRA 2025 law raised minimum capital requirements and introduced an RBC framework, forcing insurance and reinsurance firms to recapitalise by July 31, 2026.
NTA CFC rules & 15% top-up tax
VERITASKAP may also move because the FINANCIAL SERVICES sector may move with nta cfc rules & 15% top-up tax. Confidence 67%.
Article states banks and financial groups with regional operations are expected to be affected by the CFC regime and top-up tax.
Open Banking implementation
VERITASKAP may also move because the FINANCIAL SERVICES sector may move with open banking implementation. Confidence 67%.
Article states Open Banking is expected to reshape how banks, fintechs and other financial service providers share data and deliver products, requiring regulatory and governance readiness.
PenCom recapitalisation rules
VERITASKAP may also move because the FINANCIAL SERVICES sector may move with pencom recapitalisation rules. Confidence 67%.
PenCom's revised minimum capital requirements and June 2027 compliance deadline are prompting industry-wide mergers, recapitalisations or exits among pension fund administrators.
VERITASKAP
Veritas Kapital Assurance Plc
Price: ₦1.15
P/E: n/a
Yield: N/A
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Yield: 1.5%
ABBEYBDS
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P/E: 32.39
Yield: 1.5%
ACCESSCORP
Access Holdings Plc
Price: ₦32.10
P/E: 2.09
Yield: N/A
Industry
Insurance Carriers
Founded
1973
Employees
119
Exchange
NGX
Ticker
VERITASKAP
1.19
