Zichis Agro-Allied Industries Sees Meteoric Share Price Rise
Shares of Zichis Agro-Allied Industries Plc have delivered exceptional performance on the Nigerian Exchange, appreciating by over 157% month-to-date in February 2026. The stock, which broke into the N10 price territory, has closed every trading session of the month in positive territory, continuing the momentum from a successful January listing.
Sustained Momentum Following NGX Listing
This remarkable rally follows the company’s official listing of 600 million ordinary shares on the Growth Board of the Nigerian Exchange on January 20, 2026. Priced at N1.81 per share at listing, the stock surged to close January at N4.19. The upward trajectory intensified in February, with the share price climbing from approximately N4 to N10.80 as of the trading week ended February 13, 2026. This performance is supported by strong trading volumes, indicating active and sustained market participation since its debut. The week ended February 13 was the strongest to date, posting a 60.71% gain.
The listing, conducted under the guidance of the company’s management and board following SEC approval, initially valued Zichis Agro at approximately N1.19 billion. Qualinvest Capital Limited acted as Lead Issuing House, with Anchoria Investment and Securities Limited as Lead Stockbroker. The firm’s market capitalization has since grown significantly, rising from N1.91 billion at listing to N6.48 billion. This growth story comes years after the company’s incorporation as Zichis Farms Limited in 2012 and its transition to a public company in May 2024.
Company Profile and Leadership
Zichis Agro-Allied Industries is an integrated agro-industrial company with operations spanning oil palm plantations, palm oil and kernel processing, vegetable oil refining, poultry and fish farming, animal feed production, and crop farming. The board is chaired by Hezekiah Chinyere Oshaba, with Antonia Chinyere Akabusi serving as the Managing Director and Chief Executive Officer. As market observers analyze this surge, some investors are watching for a potential retracement to secure a lower entry price, though the stock has yet to record a significant pullback. This event stands out in the market alongside other notable developments, such as Consolidated Hallmark reports N9.7 billion in financial results and various strategic industry partnerships.
