NGX set to list Zichis Agro Allied Industries on its Growth Board

The Nigerian Exchange Limited (NGX) is set to list Zichis Agro Allied Industries Plc on its Growth Board.

There will also be a “Facts Behind the Listing” Presentation by the Board and Management of Zichis Agro Allied Industries Plc on Tuesday January 20 to commemorate the listing of the company on Nigerian Exchange Limited (NGX).

Zichis Agro Allied Industries Plc formerly Zichis farms limited is located at Imegun farm settlement along Ijebu Itele area of Ogun state.

The farm is a mixed farming of cropping and livestock, strategically positioned as an Agro allied industries for backward and forward integration to address the food shortage in the nation and sub Sahara Africa

At the “Facts Behind the Listing” Presentation, the Executive Management team of Zichis Agro Allied Industries Plc will share valuable insights into the company’s strategic vision, growth trajectory, and the anticipated impact of the listing on its operations and market positioning.

The company’s livestock farm is siting on 18 Acres of land with over 10,000 growers and 25,000 layers for egg production. It also has 22 earthing ponds stocked with over 2,000 catfish. Zichis Agro Allied Industries Plc equally breeds snails and pigs for commercial purposes.

Zichis Agro Allied Industries Plc has grown asset base with networth of over N450 million and a share capital of N300 million. The recorded a whopping total gross revenue of N132 million as at the close of business year 2023 with profit after tax of over N8.1million with total retained earnings of over N21.1million.

Its Palm Kernel Estate is sitting on 30 acres of land to its existing 5 acres with over 5,000 Ten-era palm fruits . In which will aid the company’s oil production for local and export production.

Also, the company has strategic alliance with local farmers to grow high breed maize and sweet corn which has assisted Zichis Agro Allied Industries Plc greatly in its backward integration towards feed mill production.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.