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.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
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