Zichis Agro-Allied Industries (NGX: ZICHIS) has moved to calm market speculation following recent discussions and social media commentary about an insider share transaction involving its Managing Director and Chief Executive Officer.
In an official statement dated May 18, 2026, the company clarified that the transaction was conducted fully in accordance with applicable regulatory provisions governing insider dealings.
The company emphasized that the share movement should not be interpreted as a signal regarding its operational performance, financial health, or future prospects.
“As a publicly listed company, share transactions involving insiders and shareholders may occur periodically in compliance with applicable regulatory provisions and disclosure requirements,” the statement read. “Such transactions should not be interpreted in isolation from the Company’s overall operational performance, strategic direction, and long-term business objectives.”
Zichis Agro-Allied Industries Plc, which operates across poultry, feed milling, aquaculture, and palm oil segments, reiterated its positive operational outlook.
They further highlighted the ongoing expansion initiatives and a continued focus on strengthening operational efficiency, sustainable growth, and long-term value creation for shareholders.
Management also reaffirmed its commitment to transparency, regulatory compliance, and strong corporate governance.
They urged shareholders, stakeholders, and the investing public to rely on official communications and recognized regulatory disclosures rather than unverified market chatter when assessing the business.
About the company
Zichis Agro-Allied Industries Plc is an integrated agribusiness company incorporated in 2012 and converted to a public limited company in 2024. The company operates across multiple agricultural value chains, including oil palm farming, poultry production, fish farming, animal feed manufacturing, and crop cultivation.
Its operations began with an 18-hectare oil palm plantation and have expanded to approximately 61 acres (25 hectares). Zichis Agro has also outlined a long-term expansion plan to scale its farmland to 1,000 hectares by 2030 in line with Nigeria’s growing food and agribusiness demand.
Currently, the company runs poultry facilities with 20,000 layers and 20,000 growers, operates 22 fish ponds, and owns an animal feed mill undergoing upgrades to achieve a production capacity of five tons per hour. Its product portfolio includes table eggs, day-old chicks, palm fruits, and animal feed.
Administrator and Writer
