NGX Lifts Suspension On Zichis Agro-Allied Shares After Concluding Probe

The Nigerian Exchange (NGX) Limited has lifted the suspension on Zichis Agro-Allied Industries Plc shares on its platform.
The Company said that trading has officially resumed in the shares of Zichis Agro-Allied Industries, bringing to an end a regulatory suspension that had been in place since late February.
The Nigerian Exchange Regulation (NGX RegCo) Limited stated that it has concluded its investigation into unusual trading activities in the company’s stock and has taken corrective actions to protect market integrity.
It stated that “the suspension, imposed on February 23, 2026 under the Exchange’s rules governing trading in listed securities, aimed to allow the regulator to review the circumstances surrounding transactions in Zichis’ shares.
“With the probe now completed and safeguards implemented, the Exchange confirmed that trading in the stock was reinstated effective March 23, 2026.”
Capital market operators stated that this development signals the regulator’s continued oversight of market conduct, reinforcing efforts to ensure transparency and maintain investor confidence in Nigeria’s equities market.
Zichis Agro-Allied Industries for the year ended December 2025 reported revenue growth of N675.6 million up from N288.9 million in 2024 and profit after tax rose by 478 per cent to N328.1 million, driven by strong performance in poultry and palm oil. The firm listed on the NGX Growth Board in January 2026 and proposed a 20 kobo dividend and a one-for-one bonus share.