VG Pensions Surpasses ₦1 Billion Profit Milestone in 2026

Veritas Glanvills Pensions Limited (VG Pensions), a licensed Pension Fund Administrator in Nigeria, announced a significant financial milestone by surpassing ₦1 billion in profit before tax (PBT) for the first time since its inception. This achievement was disclosed at the Company’s 19th Annual General Meeting (AGM) held on 29 October 2026 in Lagos, Nigeria.

The financial year ended 31 December 2025 showed a 34.75% increase in PBT, rising from ₦760.39 million in 2024 to ₦1.02 billion in 2025. Profit after tax (PAT) also increased by 34.9% to ₦695.20 million, while gross revenue grew by 23.95%, from ₦2.89 billion in 2024 to ₦3.58 billion in 2025.

Alhaji Farouk Lawal Yola, Chairman of the Board of Directors, described this milestone as a defining moment for the Company, emphasizing the disciplined execution of strategic priorities. Godson Ukpevo, OON, Managing Director/Chief Executive Officer, reaffirmed the commitment to sustaining growth and improving service delivery in the evolving Nigerian pension industry.