Zichis Agro Allied Industries Plc has officially joined the Nigerian Exchange Limited (NGX) Growth Board, marking a significant step for the integrated agro-allied company. The listing, executed by introduction, involved 600 million ordinary shares priced at N1.81 each.

The NGX Growth Board is designed to provide growth-oriented companies with access to the capital market, strengthen corporate governance, and position them for long-term expansion. Zichis Agro Allied's move aims to enhance the liquidity of its shares and bolster its appeal to potential investors. The company's core farming operations are located in Ogun State.

During the “Facts Behind the Listing” presentation, Zichis Agro Allied Industries Plc management outlined the company’s growth trajectory and future plans within its diversified agricultural operations. These operations encompass livestock farming, crop production, feed processing, and estate farming. The company operates across the poultry, aquaculture, crop farming, and animal feed value chain.

Hezekiah Oshaba, chairman of Zichis Agro Allied Industries Plc, stated that the listing “reflects our strategic commitment to building a scalable and integrated agro-allied business that contributes to food security and economic development.” He added that the milestone strengthens transparency, enhances market visibility, and supports the next phase of the company's growth. This comes as Nigeria continues to seek ways to boost its agricultural sector and reduce reliance on imports.

The company said it will continue to deepen backward and forward integration to improve efficiency, expand production capacity, and create long-term value for its stakeholders. Market watchers believe Zichis Agro's listing could encourage other agro-allied businesses to explore the Growth Board for capital raising and enhanced visibility.