NGX Resumes Trading of Zichis Agro-Allied Shares

The Nigerian Exchange (NGX) has lifted the suspension on Zichis Agro-Allied Industries PLC shares after conducting a probe into unusual trading activities that led to significant price volatility. The suspension was initially imposed on February 23, 2026, in accordance with the exchange's rules governing the trading of listed securities.

The NGX's regulatory arm, NGX RegCo, concluded its investigation and determined that the unusual trading activity warranted corrective action to protect market integrity. Trading of Zichis shares resumed on March 23, 2026, following the end of the regulatory suspension.

Prior to the suspension, Zichis shares experienced a dramatic price increase, rising to N1.81 per share, which represented a 770 percent increase, closing at N15.75 per unit on February 19, 2026. Upon resumption, the shares appreciated by 9.91 percent, closing at N9.43 per share against the previous N15.75 per unit recorded in February.