Zichis Agro Allied crosses N40 per share on NGX
The stock price of Zichis Agro-allied Industries Plc on Tuesday crossed the N40 per share on the floor of the Nigerian Exchange Limited (NGX) amid high investor demand.
The stock price that closed for trading on Monday at N36.69 per share, gained 9.98 per cent or N3.66 per share to close on Tuesday at N40.35 per share.
Listed on January 20, 2026 the stock price of Zichis Agro-allied Industries has appreciated by 2129 per cent from N1.81 per share it was admitted to on the growth board of NGX.
The agro Allied company had obtained shareholders approval to raise N50 billion additional capital through debt finance or equity raising by public offers, rights issue or a combination of both.
The shareholders during the company’s 3rd Annual General Meeting (AGM) in Ogun State, also approved the management’s decision to issue up to N5 billion debt finance by issuance of a commercial paper and acquiring 2,000 acres of land at a total cost of N5.5 billion.
In addition, a final dividend of N0.20 per ordinary share of 50kobo and a bonus issue of one ne ordinary share for every one existing shares held was approved by shareholders who attended the AGM.
Speaking to shareholders, the Chairman of Zichis Agro Allied, Mr. Hezekiah Adejoh noted that the dividend and bonus payout to shareholders aimed to enhance shareholders value, , improve liquidity and reinforce investors confidence in the company’s long-term growth prospects.
