₦airaland Forum

mikeapollo:
Exactly, especially for companies with no track record in the NGX.
I hope Dangote refinery would not be listing by introduction as well.
PO is the best option for a level playing field for all investors

yMcy56:
ZICHIS suspended
Guess it has to do with the hoarding.....
At least if they don't want to sell to public why listing?
They've overdone the hoarding haba!

emmanuelewumi:
It is a scam.

If you want to come to the market come through an Initial Public Offer or an Offer for Sale

talk2me2:
Zichis on suspension

abuhusna1:
I have never seen company as greedy as that zichis in mu whole year on ngx. I hope they never make it back to the floor so they go back to their 400 milli9n market cap

abuhusna1:
Just make sure you have mobey in your bank account. It will be deducted from your bank balance once approved. I had issue with them because they keep resending my mandate and gtb keeps deducting my money. Something that should not cost me more than 2500 for 1p mandates ended up costing me 9509

sterlingD:
That is all you don't need to do anything else .You have given them your account details there so when dividend payment is around the corner they will debit your account for the said fees

nosa2:
I'm sure they have reasons for allowing introduction. I think it's cheaper

Mankind2024:
Ah, Aiye ni ika o!
Life wicked well well, e no dey play at all.
Aiye ko ELLAH LAKES silẹ.
Dem no go ever leave Chuka and his wife Ellah for peace.
Eleda mi, ma je ki aiye o koju ija si mi o!
Baba God, my Creator, no let this wicked world turn fight come my side o.
Ma je n suffer unnecessary wahala bi ti Chuka and Ella, je ki n gba alafia ati ire lowo.

emmanuelewumi:
Going back to where it belongs.
I hope NGX will now put an end to listing by introduction

emmanuelewumi:
I wrote about their price to sale ratio last week and it appears to be the second highest on NGX after that of Ellah Lakes.


Zichis learnt the tricks from Ellah Lakes

yMcy56:
Boss, I don't think there's anything wrong with listing by introduction .
We've seen quite some stocks listed by introduction that were trading normally...
See LEGENDINT, DANGPOWER, HMCALL, MECURE, etc......they were all listed by introduction....

I think the issue with ZICHIS is not releasing even if it's 5% or 10% to the public when listed....
They could have been doing the release gradually while still aiming to achieve the recapitalisation for the company.

To think of it, ZICHIS is in a good sector and promising; the small OS is equally in ints advantage.
If most of the people here had been able to participate in the rally, we would have been hearing different stories of how SEC was insensitive and all that.....

emmanuelewumi:
It is a scam.

If you want to come to the market come through an Initial Public Offer or an Offer for Sale

emmanuelewumi:
They can even have an Offer for Sale, whereby existing shareholders will sell part of their holdings to the public at a fixed price unlike listing by introduction whereby the price the existing shareholders will sell will be increasing on a daily basis. That gives room for manipulation

ayobama1:
They only need to tighten the rules around listing by introduction.

That's how regulatory oversight evolve.

yMcy56:
Boss, I don't think there's anything wrong with listing by introduction .
We've seen quite some stocks listed by introduction that were trading normally...
See LEGENDINT, DANGPOWER, HMCALL, MECURE, etc......they were all listed by introduction....

I think the issue with ZICHIS is not releasing even if it's 5% or 10% to the public when listed....
They could have been doing the release gradually while still aiming to achieve the recapitalisation for the company.

To think of it, ZICHIS is in a good sector and promising; the small OS is equally in ints advantage.
If most of the people here had been able to participate in the rally, we would have been hearing different stories of how SEC was insensitive and all that.....

megawealth01:
This ELLAH fight won't be friendly ooooo

KarlTom:
ZICHIS

MARKET BULLETIN. 23 February 2026. NGXREG/IRD/MB23/26/02/23

NOTIFICATION OF SUSPENSION OF TRADING IN THE SHARES OF ZICHIS AGRO-ALLIED INDUSTRIES PLC
Trading License Holders and the investing public are hereby notified that pursuant to the provisions of Rule 7.0, Rules on Suspension of Trading in Listed Securities, Rulebook of The Exchange (Issuers' Rules) which states that: "Notwithstanding any of the foregoing provisions, The Exchange, may in accordance with any of its Rules, place the trading of any security on suspension. It may also do so if it is of the view that such suspension will be in the interest of the investing public and in accordance with the SEC Rules.", the shares of Zichis Agro-Allied Industries Plc (Zichis or the Company) have been suspended from trading on the facilities of Nigerian Exchange Limited (NGX), effective today, Monday, 23 February 2026.
The suspension of trading in Zichis shares shall be lifted upon the conclusion of an investigation into the trading activities on the Company's shares.
This is for your information please.

Godstime Iwnekhai
Head, Issuer Regulation Department

emmanuelewumi:
They can even have an [/b]Offer for Sale[b], whereby existing shareholders will sell part of their holdings to the public at a fixed price unlike listing by introduction whereby the price the existing shareholders will sell will be increasing on a daily basis. That gives room for manipulation

KarlTom:
JAPAUL

KarlTom:
ZICHIS

MARKET BULLETIN. 23 February 2026. NGXREG/IRD/MB23/26/02/23

NOTIFICATION OF SUSPENSION OF TRADING IN THE SHARES OF ZICHIS AGRO-ALLIED INDUSTRIES PLC
Trading License Holders and the investing public are hereby notified that pursuant to the provisions of Rule 7.0, Rules on Suspension of Trading in Listed Securities, Rulebook of The Exchange (Issuers' Rules) which states that: "Notwithstanding any of the foregoing provisions, The Exchange, may in accordance with any of its Rules, place the trading of any security on suspension. It may also do so if it is of the view that such suspension will be in the interest of the investing public and in accordance with the SEC Rules.", the shares of Zichis Agro-Allied Industries Plc (Zichis or the Company) have been suspended from trading on the facilities of Nigerian Exchange Limited (NGX), effective today, Monday, 23 February 2026.
The suspension of trading in Zichis shares shall be lifted upon the conclusion of an investigation into the trading activities on the Company's shares.
This is for your information please.

Godstime Iwnekhai
Head, Issuer Regulation Department

ogawisdom:
Listing by introduction should be stopped on ngx. It leaves the market vunerable to manipulation and investors paying the price. There must be strict free float, liquidity and disclosure enforcement.

Price appreciation driven by scarcity Na 419

I am hearing that Zichis is on suspension for manipulation

yMcy56:
Exactly!
I think I even prefer listing by introduction self.
Sometimes, IPO price used to be inflated, then they lost and the price starts nosediving...

It's 2 ways anyway.

The fact remains that most of the stocks are being manipulated around this time...... including the Big Cap stocks!
Many buying into the unseen future....

How much can they pay as dividends?
We wait and see when they starts declaring it.

ayobama1:
This too can be manipulated.

ogoo4real:
Please what's the current status of Japaulgold