NGX Lifts Suspension on Zichis Agro-allied Shares

The Nigerian Exchange (NGX) has officially lifted the suspension on Zichis Agro-allied Industries Plc shares, which was initially imposed on February 23, 2026. This suspension was triggered by an extraordinary surge in the company's share price, which climbed 772% to N17.36 from a listing price of N1.81 on January 20, 2026.

Following this price movement, the NGX intervened as the stock price of Zichis Agro-allied Industries fell by 50.58%, dropping to N8.78 per share. The NGX's regulatory department, led by Mr. Godstim Iwenekhai, clarified that the intervention was necessary to maintain the integrity of the trading floor.

The NGX concluded its investigation into the trading activities of the company's shares and implemented corrective measures to safeguard market integrity. The regulatory body emphasized that its actions were in line with its mandate to promote fair, orderly, and efficient markets.