Business
Zichis Agro-Allied to List N1.09bn Shares on NGX
Zichis Agro-Allied Industries plans to list N1.09bn shares on NGX growth board, promising transparency and strong investor returns
Zichis Agro-Allied Industries Plc has concluded a board meeting with capital market regulators, financial advisers, and shareholders in preparation for its planned listing by introduction of N1.09 billion shares on the Nigerian Exchange Limited (NGX).
Also read: NGX market cap rises N598bn
The agro-allied firm intends to list 600 million ordinary shares of N0.50 each at N1.81 per share on the NGX growth board.
Financial advisers for the listing include QCAPITAL Limited and Cordros Capital Limited.
In his opening remarks at the signing ceremony, Board Chairman Hezekiah Oshaba pledged adherence to best corporate practices.
“By the time we are listed, we will follow all the guidelines and ensure that our investors do not have any regret in the long run. As businessmen, if you put your money anywhere, you expect returns, and that’s the essence of all of it,” Oshaba said.
He added that both the board and management team are committed to taking the company to a new level.
“The NGX is growing in leaps and bounds, and everybody wants to tap into that growth,” he noted.
Managing Director Anthonia Akabusi described the company’s transition from a limited liability to a public limited company as “a journey of resilience and scalability.”
She assured stakeholders that the company would prioritise transparency, consistent regulatory filings, and effective communication.
“The listing is a starting point. We promise to execute our strategy, and what we present to stakeholders is what the management is going to practice. Our shareholders’ value is what we are holding onto, and we promise not to disappoint,” Akabusi said.
Also read: NGX Index Down By 0.01% As Investors Lose N2bn
Zichis Agro-Allied Industries’ planned listing reflects growing investor confidence in Nigeria’s agro-allied sector and demonstrates the company’s commitment to robust corporate governance.
The Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has dismissed allegations that it appropriated the Niger Delta Economic & Investment Summit (NDEIS) brand, insisting it lawfully obtained trademark acceptance for the name and will proceed with its 2026 summit as scheduled.
In a statement issued on September 12, 2026, the chamber described claims by Kunle Nwiwa Junior as “cheap blackmail, misleading, mischievous and a misrepresentation of the facts,” maintaining that it independently developed the summit and followed all required regulatory procedures.
According to NDCCITMA, it applied for and received a Trademark Acceptance Letter for the name Niger Delta Economic & Investment Summit (NDEIS) in August 2025 under File No. NG/TM/O/2025/387284.
The chamber said the chronology of events contradicts allegations that it copied another party’s application, arguing that its trademark acceptance predated the period during which Nwiwa’s own application was reportedly still pending before the relevant authorities.
“Economic Summit” is a generic expression
NDCCITMA further argued that the phrase “Economic Summit” is a generic description widely used for conferences that bring together governments, investors, businesses, development institutions and other stakeholders to discuss investment and economic development.
The chamber maintained that while concepts may be widely used, legal protection only arises from recognised intellectual property rights, including duly registered trademarks and other enforceable proprietary interests.
It therefore rejected suggestions that any individual or organisation has exclusive ownership of the broader concept of an economic summit.
Court grants interim injunction
Addressing reports that the summit had been halted, NDCCITMA said the dispute is already before the Federal High Court in Port Harcourt and that there is no court order restraining the event.
The chamber disclosed that in Suit No. FHC/PHC/CS/57/2026, Justice Stephen Dalyop Pam granted an interim injunction restraining the defendants—Kunle Nwiwa Junior and Keneva Consult Ltd.—from interfering with the planned summit.
According to NDCCITMA, the court also directed the defendants to remove publications, notices, petitions, social media posts and other statements allegedly considered damaging to the chamber’s name, integrity and reputation pending the hearing of its motion for interlocutory injunction.
The matter has been adjourned until September 22, 2026 for further hearing.
Chamber rejects ₦500 million demand claim
NDCCITMA also alleged that it had received a demand from Nwiwa Junior requesting ₦500 million as a condition for abandoning his claims over the summit.
The chamber said the demand was rejected, adding that it subsequently petitioned the Inspector-General of Police over what it described as repeated harassment and threats directed at its officials.
It said the petition sought police intervention, including inviting the complainant for questioning and caution where necessary.
Summit opens September 15
Despite the legal dispute, NDCCITMA reaffirmed that the 2026 Niger Delta Economic & Investment Summit will hold from September 15 to 17, 2026, at the Obi Wali Conference Centre in Port Harcourt, Rivers State.
The summit will be held under the theme “Driving Investment, Innovation & Industrial Growth in the Niger Delta” and is expected to bring together policymakers, investors, business leaders, development partners and industry stakeholders to discuss economic transformation across the region.
The chamber said it remains committed to promoting commerce, industry, trade, mining, agriculture and sustainable economic development throughout the Niger Delta while allowing the courts to determine all outstanding legal issues.
Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth
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