Nigerian Exchange has officially lifted the suspension on shares of Zichis Agro-Allied Industries Plc after a month-long regulatory review triggered by an over 800% surge in the stock price within a single month.
Trading resumed on Monday, March 23, 2026, according to an official statement from NGX Regulation Limited made available to dealing members. As of 2:00pm local time, the stock was trading at N9.43, up 9.91% (0.85 kobo) from the opening price of N8.38.
The share price, which had reached N17.36 at the time of suspension, declined following a one-for-one bonus issue.
The decision to lift the suspension came after NGX completed its investigation into the company’s trading activities. The initial suspension, announced on February 23, 2026, was implemented under Rule 7.0 of the NGX Rulebook to uphold market integrity and ensure compliance with regulatory standards.
The regulatory review focused on unusual trading patterns and sought to address potential irregularities in the market. With the conclusion of the investigation, Zichis Agro-Allied shares are now free to trade, restoring liquidity for investors.
