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 follows the company’s listing of 600 million shares on the NGX Growth Board on January 20, 2026, which has jumped over 600% since then, alongside recent plans for an 800 million share Initial Public Offering.
What the company is saying
Zichis Agro-Allied Industries said the relocation represents a strategic shift in its operations as the company prepares for its next phase of growth.
- “This relocation forms part of our strategic positioning and further enhances our visibility,” the company stated.
The 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.
Get up to speed
The company published its audited financial statements for the 2025 fiscal year, reporting a 420.8% year-on-year surge in pretax profit to N364.2 million from N69.9 million.
This strong performance was supported by a solid revenue base of N675.6 million, up 134% from N288.9 million in the previous year.
Of this total revenue, the sale of eggs contributed the most at N226.7 million, followed by palm produce at N182.7 million.
Other contributors included chicken sales at N121.4 million, feed mill products at N108.7 million, and fish sales at N35.8 million.
What you should know
The company has total assets of N1.2 billion, with property, plant, and equipment accounting for the largest portion at N741.3 million.
After resuming trading and reaching a high of N15.15 per share on March 30, the stock has eased to N13 as of mid-market trading at 2:00 p.m. on April 9, 2026.
The planned IPO of 800 million additional shares is expected to increase liquidity on the Nigerian Exchange, making it easier for investors to enter and exit positions.
