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Reading: NGX Lifts Suspension on Zichis Agro-Allied Shares After Review
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NGX Lifts Suspension on Zichis Agro-Allied Shares After Review

By
Ogungbayi Feyisola Faesol
ByOgungbayi Feyisola Faesol
Faesol is a journalist at Okaynews.com, reporting on business, technology, and current events with clear, engaging, and timely coverage.
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March 23, 2026 - 6:16 pm
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Lagos, Nigeria – The Nigerian Exchange (NGX) resumed trading on Zichis Agro-Allied Industries Plc shares Monday, March 23, 2026, ending a month-long suspension triggered by an over 800% price surge that prompted regulatory scrutiny for market integrity.

Okay News reports NGX Regulation Limited’s statement confirming investigation completion under Rule 7.0; shares opened at N8.38, climbed 9.91% to N9.43 by 2:00pm local time after one-for-one bonus issue adjusted prior N17.36 suspension price.

The February 23 halt examined trading patterns amid explosive gains, ensuring compliance standards; resumption restores liquidity for investors tracking the agro-allied firm’s rebound post-regulatory clearance.

Zichis rejoins NGX’s active equity roster as market oversight balances growth opportunities against manipulation risks, signaling clean bill for the stock’s volatile trajectory.

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TAGGED:agricultural tradecocoa exportsNGX Zichisshares resume
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