Economy
Veritas Kapital Enables Purchase of Insurance Policy Via WhatsApp
By Adedapo Adesanya
One of Nigeria’s leading insurance companies, Veritas Kapital Assurance Plc, has introduced an interactive WhatsApp platform that will enable people to buy insurance policies in Nigeria in five minutes.
According to a press statement, Veritas noted that the WhatsApp channel is the fastest and most secure way to buy an insurance policy on the go.
The insurer explained that this initiative was introduced to make subscribing to insurance packages seamless and further deepen insurance penetration in the country.
“In a bid to further the company’s mission of putting insurance at the fingertips of everyday Nigerians, Veritas Kapital Assurance is determined to continuously innovate to the benefit of customers.
“This Interactive WhatsApp Platform will change the way that everyday Nigerians can purchase insurance,” a part of the statement issued by the underwriter stated.
According to the company, Nigerians can buy insurances that cover household damages and theft, accident, fire, business interruption, and third-party motor coverage.
Veritas further stated that the pricing of the retail insurance products ranges from N1,750 to N25,000 and that it provides coverage of up N3 million.
The company added that these insurance products are easy to understand by everyday Nigerians and can be purchased within five minutes without requiring a broker, sales staff or intermediary.
How to Buy Insurance Plans Within 5 Minutes
In order to purchase any of the insurance policies, an intending or existing customer would have to visit the company’s website or via an SMS by texting VKA to 32811 to get started. The organisation can also be reached through its various social media platforms for further details.
Insurance in Nigeria is still battling to remain relevant as a result of different factors including religious and superstitious beliefs. Also, some insurance companies have made buying their policies difficult because of the issue of trust as subscribers find it difficult to get their claims.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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