Zichis Agro-Allied Industries has announced the relocation of its corporate head office to Mende, Maryland, Lagos. The company made this disclosure in a filing with the Nigerian Exchange, signed by Head of Corporate Communications, Ozo-Okeke Esther Chinasa.

According to the firm, the head office was moved from Ibeju-Ilese, Ogun State, to Lagos to enhance visibility and strategically position the business for growth. This move places the company within a larger commercial hub, supporting closer engagement with stakeholders and a more dynamic business environment.

The company also said its planned 800 million share Initial Public Offering (IPO) is aimed at expanding operations and enhancing stock liquidity on the Nigerian Exchange, where it trades under the ticker ZICHIS. Expected after the April 30 Annual General Meeting, the offer will raise total share capital from 1.2 billion to 2 billion shares.

CEO Anthonia Chinyere Akabusi said the current share base is limited relative to Nigeria’s population, adding that the relocation and planned IPO will boost liquidity and strengthen market presence. Since listing 600 million shares at N1.81 on January 20, 2026, the stock has seen strong activity, with volumes surpassing 600 million units and significant price gains.

After a sharp rally in February, the NGX suspended trading on February 23, 2026, at N8.70 per share pending a review. Trading resumed on March 23, 2026, with the stock climbing to N13, reflecting sustained investor interest.