BREAKING
NGX All-Share Index gains 412 points — MTN, Zenith, GTCo top movers CBN holds MPR at 27.5% — rate cuts possible Q3 2026 Dangote Refinery begins export of refined petroleum products SEC Nigeria approves new digital assets trading framework NGX All-Share Index gains 412 points — MTN, Zenith, GTCo top movers CBN holds MPR at 27.5% — rate cuts possible Q3 2026
LIVE
NGX 104,562 ▲0.42% | USD/NGN ₦1,614 ▼0.12% | BTC $84,210 ▲1.24% | DANGCEM ₦412 ▲1.10% | GTCO ₦58.45 ▲0.77% | MTNN ₦224.80 ▼0.31% | ZENITH ₦42.15 ▲0.60% | NGX 104,562 ▲0.42% | USD/NGN ₦1,614 ▼0.12% | BTC $84,210 ▲1.24%
₦90K
Weekly Giveaway — 5 Winners Every Week
1st: ₦50K  |  2nd–5th: ₦10K each  |  Be active to win
1,103Members
19,706Threads
26,424Posts
JOIN NOW

NGX Lifts Trading Suspension on Zichis Agro-Allied Shares After Investigation

  • Weekly Giveaway for our active users. N50,000 per Week. Do you want to contribute to this community? We are looking for contribution? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing Nigerian forum!

Olori Uwem

Well-Known Member
Mar 18, 2024
1,887
208
63
NGX Lifts Trading Suspension on Zichis Agro-Allied Shares After Investigation

Company Involved

Zichis Agro-Allied Industries Plc

⛔ What Happened Before?

On 23 February 2026, trading in the company’s shares was suspended by the Nigerian Exchange.

The suspension was imposed under NGX rules governing listed securities to protect market integrity.

Typical reasons for such suspensions include:

• Unusual trading activity
• Regulatory concerns
• Possible market manipulation
• Pending investigations
• Disclosure issues

What NGX Did

Nigerian Exchange Limited regulators conducted an investigation into:

Trading activities in Zichis shares
⚖️ Compliance with market rules
️ Potential risks to investors

The investigation has now been concluded.

✅ Outcome of the Investigation

NGX Regulation Limited confirmed that:

✔️ Necessary corrective measures have been implemented
✔️ Market integrity safeguards are in place
✔️ The situation has been resolved to regulators’ satisfaction

Lifting of Suspension

Effective Date: Monday, 23 March 2026

Trading in Zichis Agro-Allied shares has officially resumed.

This means:

Investors can now buy and sell the stock again
Market forces will determine the share price
⚠️ Expect possible volatility as trading restarts

⚠️ What Investors Should Watch Now

When a suspended stock resumes trading, it often experiences:

Sharp price movements (up or down)
Panic selling by trapped investors
Speculative buying
Price discovery phase

Caution is usually advised during the first few sessions.

Key Takeaway

The lifting of the suspension signals regulatory confidence that the stock can trade fairly again — but it does NOT guarantee price stability or performance.
 
NGX Lifts Trading Suspension on Zichis Agro-Allied Shares After Investigation

Company Involved

Zichis Agro-Allied Industries Plc

⛔ What Happened Before?

On 23 February 2026, trading in the company’s shares was suspended by the Nigerian Exchange.

The suspension was imposed under NGX rules governing listed securities to protect market integrity.

Typical reasons for such suspensions include:

• Unusual trading activity
• Regulatory concerns
• Possible market manipulation
• Pending investigations
• Disclosure issues

What NGX Did

Nigerian Exchange Limited regulators conducted an investigation into:

Trading activities in Zichis shares
⚖️ Compliance with market rules
️ Potential risks to investors

The investigation has now been concluded.

✅ Outcome of the Investigation

NGX Regulation Limited confirmed that:

✔️ Necessary corrective measures have been implemented
✔️ Market integrity safeguards are in place
✔️ The situation has been resolved to regulators’ satisfaction

Lifting of Suspension

Effective Date: Monday, 23 March 2026

Trading in Zichis Agro-Allied shares has officially resumed.

This means:

Investors can now buy and sell the stock again
Market forces will determine the share price
⚠️ Expect possible volatility as trading restarts

⚠️ What Investors Should Watch Now

When a suspended stock resumes trading, it often experiences:

Sharp price movements (up or down)
Panic selling by trapped investors
Speculative buying
Price discovery phase

Caution is usually advised during the first few sessions.

Key Takeaway

The lifting of the suspension signals regulatory confidence that the stock can trade fairly again — but it does NOT guarantee price stability or performance.
Finally! The price has started flying again. I hope retail investors can get to key in