₦airaland Forum

mikeapollo:
I don't even get it why you seem to support what Zichis or their stockbroker/registrar did.
If you are affected by the suspension, then I can understand how you feel.

chimex38:
I have no idea.
It's just a warning against next time.
If they go at it again during closed periods, actions can be taken.

Market may react a bit.
It all boils down to your reason or strategy, trader, long-term investor, etc

aj8:
“On the nature of Tantalizers Plc breach, the NGX said the company engaged in insider dealing in shares during closed period “a breach of the provisions of Rule 17:18: Period of Closure.”

My take…

A look at their last 2 reported insider trades showed :
1. No notice of closure was issued before the consideration/release of Q4 2025
2. Q4 2026 was released to Ngx and by extension to the public on the 30th January, 2026
3. Two insiders sold on or before 20th January, 2026 prior to the report being made public.


NPFMB
IS SIMILAR….
1. Release of Q4 2025 to NGX and by extension to the public was on the 29th January
2. An insider transaction occurred during the closed period 5th, 6th and 27th January 2026 but disclosed on the 13th of February 2026


You can monitor future infractions if they ever occur and sell if it does for fear of consequences.


https://businessday.ng/markets/article/insider-dealing-ngx-cautions-sterling-holdco-mutual-benefits-austin-laz/



Sterling bank, Mutual Benefits Assurance and Austin Laz have similar infractions and warnings.

chimex38:
Make dem no try Lubbish Oo.
Otherwise we go approve Accesscorp International to buyout CBN national Bank .

How much be CBN sef?

Agbalowomeri:
But tbh, we have seen worse on NGX/NSE

pluto09:
I am not in support of what Zich did.
What i am against is the double standards that some people are exhibiting.
There have been some clear cases of manipulation before them which the same people supported just because they hold the stock.
I tried to buy the stock the first 2 days after they were listed purely for speculation with no success so I don't have any single unit of Zich.

edwardaigb:
I picked 10000 units of jpaulsand@ 4 today, as a reminder. Not interested in buying yeye stock.

mikeapollo:
Then you should appreciate what folks are saying here because you and I could fall prey to such schemes.
There is no double standards here.
Any stock can reach a height if there is enough liquidity in the market to support it. In Zichis case, there was no liquidity (retail investors did not have it) but their management and brokers/registrars decided to deal a few 100,00s per day to gain 10% and push the price up to 900%. If there was genuine liquidity, some investors would be selling or buying so the price may go up, down or stabilize on some days, but not straight 10% daily for a whole month! Even MTN, Dangote Cement, Airtel etc. did not achieve that.

Everyone benefits when things are done right in the market.

edwardaigb:
I picked 10000 units of jpaulsand@ 4 today, as a reminder. Not interested in buying yeye stock.

SonofElElyonRet:
Transpower and Legend internet didn't manipulate their own listings by introduction.. or did so minimally and reasonably

megawealth01:
If I hear say LEGEND no manipulate?

SonofElElyonRet:
I said " or did so minimally and reasonably"
I always choose my words carefully

toyeoye:
OANDO leaps into top 3 🚀
₦43.45 (+8.63%) Intraday

awesomeJ:
Naira closed at a pretty 1335.96

Now that 1340 has been broken, 1300 is looking more and more susceptible.

crownprince2017:
Where is Peter, people no dey chase the star boy again na star dey chase people now. what is happening.

pluto09:
Is there any rules that limit the percentage gains a company can attain in a month??
Did they force anyone to buy?
If people see opportunity in the stock and they are ready to bid the price up by maximum allowed 10% daily why would I complain.

Streetinvestor2:
I believe you are the one safe keeping this gold of this value in your house for them.
And still they want to raise fund after you are keeping 1.8 billion dollars of gold for them
You don too old for this kind format

megawealth01:
PETERICHY don bailout?

isaacosas01:
Read what u wrote again and see it doesn’t make sense. A company trading for a month with zero liquidity alone is fraudulent, I can also point a few other clear malpractices Zich engage in. This is 2026, make we nor Dey support bad thing because we Dey eat from am.

unite4real:
so you still think outsiders and retails were buying. You seem to not understand the manipulation that was going on.
How can a company keep gaining 10% every trading day for 1 month non stop without retails buying in.

The regulators that suspended them knows better than you and if they felt what was going on was right, they would not have suspended them.

were they not asked to release the free float for trading?

please tell me how much is the free float currently.?

Everything about Zichis was CORPORATE GREED

pluto09:
I should blame myself and not the company if I should fall prey to those kind of manipulation on NGX

chimex38:
They didn't comply with all regulations from the start.

I posted their official listing ceremony video with NGX yesterday.

Gave timestamp you can narrow down to watch.

NGX were lenient and gave 3days after listing to comply.

The bulk of the pressure was to their brokerage house rather than Zichis since they were more experienced.

Guess they took it lightly.

crownprince2017:
Where is Peter, people no dey chase the star boy again na star dey chase people now. what is happening.