Zichis Agro Allied Industries Plc has officially listed 600 million ordinary shares by introduction on the Growth Board of the Nigerian Exchange (NGX), marking a major milestone in its corporate growth journey and Nigeria’s agribusiness capital market landscape.
The listing, which took effect on 20 January 2026, followed approvals from the Securities and Exchange Commission (SEC) and admission by the Nigerian Exchange, reflecting strong regulatory confidence in the Company’s governance framework, operational capacity, and long-term strategic direction.
Strong Valuation Signals Market Confidence
Priced at ₦1.81 per share, the listing places the Company’s market valuation at approximately ₦1.19 billion. This valuation underscores investor confidence in Zichis Agro Allied Industries Plc’s fundamentals and its strategic role within Nigeria’s rapidly expanding agricultural value chain.
The transaction was led by Qualinvest Capital Limited as Lead Issuing House, with Anchoria Investment and Securities Limited acting as Lead Stockbroker, ensuring a seamless and transparent entry into the public equities market.
Why the NGX Growth Board Is Strategic
The NGX Growth Board is designed for companies with high growth potential seeking access to the capital market while maintaining robust governance standards. For Zichis Agro Allied Industries Plc, the listing provides:
- Enhanced corporate visibility and market credibility
- Access to long-term capital to support expansion initiatives
- Strengthened corporate governance and transparency
- Alignment with global best practices
Economic historians such as Alexander Gerschenkron and agricultural economists like Theodore Schultz have long emphasized that access to capital is a catalyst for productivity and innovation in agribusiness, an advantage this listing unlocks.
Driving Nigeria’s Agribusiness Future
Agriculture remains central to Nigeria’s food security, employment creation, and economic diversification. By entering the public market, Zichis Agro Allied Industries Plc is well-positioned to:
- Scale operations across the agricultural value chain
- Strengthen partnerships with farmers, processors, and distributors
- Support sustainable food production systems
- Contribute meaningfully to non-oil GDP growth
Research published in journals such as Agricultural Economics and World Development shows that publicly listed agribusinesses often achieve higher efficiency, accountability, and innovation.
Looking Ahead
The listing of Zichis Agro Allied Industries Plc on the NGX Growth Board represents more than a financial event, it is a clear statement of intent. The Company is positioning itself for sustainable growth, stronger stakeholder engagement, and long-term value creation.
Zichis Agro Allied Industries Plc is now publicly listed, and firmly focused on the future.
Stakeholders, partners, and members of the public are encouraged to follow Zichis Agro Allied Industries Plc for future corporate disclosures, performance updates, and strategic announcements.
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For matters relating to dividend policy, shareholder information, and investor enquiries, kindly direct your request to our Investor Relations team via admin@zichisagroallied.com.ng
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