Bamidele Famoofo
The Nigerian Exchange Limited has lifted ban on the trading of the shares of Zichis Agro-Allied Industries Plc, a stock listed on the Growth Board sector in January 2026.
Suspension on the shares of the fully integrated agro industrial company by the NGX was due to unusual trading activities of the company’s stock after it was listed in January.
The suspension and investigation that followed started in late February and it has been concluded according to a statement credited to NGX Regulation Limited (NGX RegCo), released on the NGX today.
NGX RegCo announced that it has concluded its investigation into unusual trading activities in the company’s stock and has taken corrective actions to protect market integrity.
The suspension, imposed on 23 February 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 Monday, 23 March 2026.
“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,” NGX said. The Board of Directors of Zichis Agro Allied Industries Plc, on February 23, 2026, raised the alarm, issuing a cautionary notice to the regulators, hinting that it observed significant movements in the price and trading volume of its shares on Nigerian Exchange.
