NGX moves to protect investors, suspends trading in Zichis shares over unsual price surge

The Nigerian Exchange Limited (NGX) has moved to protect the investing public by suspending all trading activities in the shares of Zichis Agro-Allied Industries Plc (Zichis), effective today, Monday, February 23, 2026.

The intervention comes amid growing concerns about a liquidity trap affecting retail investors, who have been caught up in extreme price volatility and speculative trading patterns surrounding the company’s stock.

Zichis Agro Allied Industries Plc was listed on the NGX Growth Board on January 20. The company is listed with 1.086 billion shares at N1.81 per share, it has since grown by 772.36 percent year-to-date.