Zichis Agro-allied Industries Eyes Listing Shares on NGX

The management of Zichis Agro-allied Industries Plc, hasannounced plans to list its shares on the Nigerian Exchange Limited (NGX), revealing that the Securities and Exchange Commission (SEC) has registered its securities for public trading.

The Agro-allied company in financial year ended December 31, 2024 declared turnover of N289 million, about 119 per cent increase over N132 million recorded in 2023. The company, however, closed 2024 with a profit of N56.7 million, about 238 per cent increase when compared to N16.8 million in 2023.

The shareholders of the company at the AGM approved the dividend of 5kobo per share with an option for script shares in lieu for who elect to opt for script shares. 

Speaking at the company’s 2nd Annual General Meeting (AGM) in Lagos, the Chairman of Zichis Agro-allied Industries, Mr. Hezekiah Oshaba expressed that the company in 2024 was able to navigate headwinds and recorded a significant increase in turnover that impacted on profit.

According to him, the revenue from oil palm products in 2024 was modest at N14.28 million and it is expected to significantly contribute massively to the company’s toplineand profit substantially in years to come.  

He revealed that the Egg production sales grew by 206 per cent from N50.59 million in 2023 to N154.69 million in 2024, while Chicken poultry sales grew moderately by 27 per cent as fish sales dropped by 52 per cent from N48million in 2023 to N23 million in 2024.

Speaking also, the Managing Director, Zichis Agro-allied Industries, Anthonia Akabusi stated that the company has positioned itself as a forward- thinking, diversified agribusiness with strong potential for exponential growth through vertical integration and operational excellence.

The post Zichis Agro-allied Industries Eyes Listing Shares on NGX appeared first on THISDAYLIVE.

​  

  • Related Posts

    Minister Bosun Tijani Listed Among 2025 TIME Magazine’s 100 Most Influential Persons on AI

    Minister Bosun Tijani Listed Among 2025 TIME Magazine’s 100 Most Influential Persons on AI

    Oghenevwede Ohwovoriole in Abuja

    The TIME Magazine has named Nigeria’s Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, among its list of 100 most influential persons in Artificial Intelligence (AI). This was contained in a press statement signed and issued on Thursday by Special Assistant on Media and Communications to the minister, Mr. Isime Esene.

    According to the statement, “TIME has named Dr. ‘Bosun Tijani, Minister of Communications, Innovation and Digital Economy, to the 2025 TIME100 AI, a list recognising the 100 most influential people in Artificial Intelligence (AI).

    “To assemble the list, TIME’s editors and reporters examined the key stories in AI over the past year and consulted with expert sources and industry leaders for recommendations. 

    “The result is a list of 100 leaders, innovators, shapers, and thinkers who have a stake in the future of AI.

    “Dr. Tijani’s inclusion on the prestigious list reflects Nigeria’s growing leadership in advancing Artificial Intelligence for inclusive and sustainable development.

    “From the National AI Strategy (NAIS), where the Ministry got over 120 experts of Nigerian descent to co-create the long term strategy for the responsible use and development of AI; to research and demonstration initiatives showing the potential and practical use cases for AI in critical sectors like healthcare, agriculture, education, and financial inclusion.”

    The statement said Tijani’s recognition was made possible through the support of partners. 

    Commenting, the minister said, “With the support of partners like Google, the Gates Foundation, and others, Nigeria is facilitating the scaling of mature AI solutions from local innovators, providing resources, mentorship, and support necessary to translate ideas into impact.

    “This recognition from TIME further validates our belief that Nigeria can stand as a global leader in the responsible and inclusive deployment of AI for increased productivity.

    “As we continue on this journey, my commitment remains clear: to ensure AI not only drives innovation, but also contributes to building a $1trillion economy as envisioned by President Bola Ahmed Tinubu.

    “With this global recognition, Nigeria reinforces its commitment to leveraging AI to create opportunities for its citizens and contribute to the advancement of responsible technology worldwide.”

    The post Minister Bosun Tijani Listed Among 2025 TIME Magazine’s 100 Most Influential Persons on AI appeared first on THISDAYLIVE.

    ​  

    Oghenevwede Ohwovoriole in Abuja The TIME Magazine has named Nigeria’s Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, among its list of 100 most influential persons in Artificial Intelligence (AI). This was
    The post Minister Bosun Tijani Listed Among 2025 TIME Magazine’s 100 Most Influential Persons on AI appeared first on THISDAYLIVE.

    Tinubu: My Global Shuttles Aimed at Growth, Job Creation, Nation’s Prosperity

    Tinubu: My Global Shuttles Aimed at Growth, Job Creation, Nation’s Prosperity

    •Says Nigeria advanced partnerships in trade, agriculture, aviation, finance in Brazil

    •In Japan, he’s confident deepened ties will bring new investments in industry,  technology, human capital

    Deji Elumoye in Abuja

    President Bola Tinubu, yesterday, justified his frequent trips overseas, assuring Nigerians that all his diplomatic engagements with foreign nations were driven by urgent need to secure opportunities that stimulate economic growth, generate employment, and promote lasting prosperity for the Nigerian people.

    In a message on his verified X handle, @PBAT, shortly after returning to Abuja from engagements in Japan and Brazil, the president said he remained fully committed to the mandate Nigerians gave him in 2023, the mission of restoring Nigeria’s pride and dignity on the global stage.

    He stated that during his visit to Japan for TICAD9, the delegation he led strengthened relationships that were set to attract new investments in industry, technology, and human capital development.

    President Tinubu further revealed that in Brazil, the Nigerian government advanced partnerships in trade, agriculture, aviation, and finance, while also engaging with business leaders to strengthen confidence in Nigeria’s economy.

    His words: “It feels good to be back home in Nigeria after our recent engagements in Japan and Brazil.

    “In 2023, you entrusted me with the responsibility of restoring our pride and dignity on the global stage, and I remain fully committed to that mission. 

    “Every handshake, every agreement, and every meeting is guided by one goal: to secure opportunities that translate into growth, jobs, and prosperity for Nigerians.

    “In Japan, we deepened ties that will bring new investments in industry, technology, and human capital. In Brazil, we advanced partnerships in trade, agriculture, aviation, and finance, while also engaging with our own business leaders to strengthen confidence in our economy.”

    Tinubu stressed that his administration was determined to build a Nigeria that would be confident abroad and resilient at home, and anchored on reforms that would endure beyond the present leadership.

    He vowed that his government would continue to create value for every citizen while noting that Diaspora Nigerians  also remained central to his administration’s agenda.

    His words: “This is the new Nigeria we are building together, a Nigeria built on sustainable reforms that will outlast us rather than one built on rhetoric. 

    “A Nigeria that is confident abroad, resilient at home, and determined to create value for every citizen, at home and in the diaspora. 

    “The journey is not without challenges, but with unity of purpose and courage to reform. I firmly believe the best is on the horizon,” the president explained.

    The president concluded the message with prayer for the nation, saying, “God bless our dear country, Nigeria.”

    The post Tinubu: My Global Shuttles Aimed at Growth, Job Creation, Nation’s Prosperity appeared first on THISDAYLIVE.

    ​  

    •Says Nigeria advanced partnerships in trade, agriculture, aviation, finance in Brazil •In Japan, he’s confident deepened ties will bring new investments in industry,  technology, human capital Deji Elumoye in Abuja President Bola Tinubu,
    The post Tinubu: My Global Shuttles Aimed at Growth, Job Creation, Nation’s Prosperity appeared first on THISDAYLIVE.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    Customs Agents Seek Waiver for Imported Goods Held Up at Ports Due to Glitches

    Redefining the Cocoa Trade and Nigerian Agriculture

    Domestic Air Travellers Lament over Prohibitive Cost of Flight Ticket

    FG, Brazil Deal Spur Air Peace S’American Flight

    NAMA Receives NCAA Certificate for ATC Simulator

    Obi Cubana Commends United Nigeria Airlines  

    Kwara to Begin Cargo Services at Tunde Idiagbon Airport 

    Shareholders Applaud NASD’s Return to Profitability,First Cash Dividend

    Nigerian Printers Urged to Embrace Cost Effective Technologies 

    Zabira Marks Sixth Anniversary, Rebrand as ‘The People’s Wallet’

    FG Drums Support for Industrialisation, Manufacturing Trade Summit 

    Bitget Debuts First-ever RWA Index Perpetuals 

    NNPC under attack but transformation will continue, says GCEO Ojulari 

    Nigeria’s Bosun Tijani joins Elon Musk, Sam Altman on TIME100 AI list

    Agusto & Co. projects 19% profit fall for Nigerian banks in 2025

    Agusto & Co. projects 19% profit fall for Nigerian banks in 2025

    Dangote, Ethiopia sign agreement to build $2.5 billion fertiliser plant

    Dangote, Ethiopia sign agreement to build $2.5 billion fertiliser plant

    FG to begin second round of integrated vaccination in 11 high-risk states, Sept 11–14

    FG approves lifetime salary benefits for retiring service chiefs – Interior Minister 

    Nigeria’s excess crude account now $535,823 – Wale Edun

    Nigeria’s excess crude account now $535,823 – Wale Edun

    We are under attack at NNPC – Ojulari

    We are under attack at NNPC – Ojulari

    FG denies signing agreement with ASUU, describes document as draft

    Femi Otedola lists Nairametrics as his number one finance news source 

    International politics: Nigeria’s proposition in evolving global trade and investment

    T2 signs multi-million-dollar deal with Huawei to modernize core network across Nigeria 

    Nigeria must grow GDP by 10% annually to achieve $1 trillion economy – Minister 

    Become a key distribution partner with Nigeria’s dairy leader

    Top 15 African countries with highest no of millionaires’ worth $1M and above in 2025 

    Top 10 insurance policies Nigerians should consider in 2025

    Breaking: Nigeria Immigration Service increases international passport fee to N100,000, effective September 1 

    Dangote signs $2.5 billion deal to build fertilizer plant in Ethiopia 

    International Energy Insurance settles ¥1.85 billion loan through Norrenberger 

    Shea Butter Ban: Industry experts split over Tinubu’s six-month export suspension

    Nigeria’s cheap stocks in 2025: Bargains or traps? 

    Access Holdings Appoints Innocent Ike Group CEO, Commends Agbede’s Leadership

    Stablecoins to drive business transactions in Nigeria within three years, Zabira predicts 

    Access Holdings appoints Innocent Ike as new GMD/CEO as Aig-Imoukhuede consolidates control