Zichis Agro Allied Industries Plans Listing Of 1.1bn Shares On Nigerian Exchange

The Nigerian Exchange Limited (NGX) will list 1.086 billion shares of Zichis Agro Allied Industries Plc on its Growth Board.

The company is listing 1.086 billion shares at N1.81 per share on January 20, 2026. The listing will increase NGX market capitalisation by N1.96 billion.

Zichis Agro Allied Industries engaged Qualinvest Capital Limited as Lead Issuing house and Anchoria Investment and Securities Limited as its Lead Stockbroker in connection with the listing.

The Company is undertaking a listing by introduction of its entire issued Ordinary Shares to promote better liquidity of its shares in the secondary market and be better positioned to access long-term capital from a wide range of local and international investors when required.

Speaking recently at the signing ceremony with key market stakeholders, the Board chairman, Hezekiah Oshaba, promised that the organisation would be guided by best corporate practice when listed on the NGX.

Oshaba said, “As a board, we will be guided by the best corporate practice. By the time we are listed, we will follow all the guidelines that we are supposed to follow and ensure that our investors don’t have any regrets in the long run. As businessmen that we all are, if you put your money anywhere, you expect returns, and that’s the essence of all of it anyway.

“Be assured that as board members, and even the management team, we are poised to take you to another level. As it has already been said, the NGX is growing in leaps and bounds, and everybody, as it were, wants to tap into the growth.”

Speaking also, the managing director of Zichis Agro-allied Industries, MrsAnthonia Akabusi, stated that the company’s transition from a limited to a public limited company is a remarkable journey.

He said, “The transition is a journey of resilience and scalability. Zichis Agro-allied Industries’ listing on the NGX is a starting point. We are promising investors, stakeholders and regulators that the management is not going to disappoint in transparency and consistent filing of reports.

“We are ready to learn and adjust to the listing requirements of the regulators. Our communication team is ready to listen and make adjustments as needed. We promise to execute our strategy once listed on NGX. What we present to stakeholders is what management intends to practice. Our shareholders’ value is what we are holding onto, and we promise not to disappoint.”

Zichis Agro-Allied Industries broadly operates in the value chain of the poultry and fish Industry, piggery and snail farming, goat and cow farming/ ranching among other livestock breeding and husbandry, palm oil estate farming, and plantain, rice, maize intercropping farming, animal feeds processing and manufacturing for birds/fish feed meals (enriched).