Zichis plans dividend payout, bonus shares to calm investors after trading suspension

Zichis Agro-Allied Industries Plc has proposed a 20 kobo dividend to its shareholders, a move that comes just one week after the Nigerian Exchange Limited (NGX) suspended trading of the company’s shares.

The suspension, effective February 23, 2026, was triggered by an extraordinary 772.36 percent price surge within a month of the company’s listing on the Growth Board.

Zichis Agro Allied Industries Plc was listed on the NGX Growth Board on January 20. The company listed with 1.086 billion shares at N1.81 per share. The share price stood at N17.36 on February 20 before its suspension, rising by 772.36 percent year-to-date. Zichis listed its 600 million shares by Introduction.