By Dipo Olowookere

The Nigerian Exchange (NGX) Limited has welcomed a new member and its Zichis Agro-Allied Industries Plc.

The company listed its shares on the local stock exchange on Tuesday, January 20, 2026, and was assigned the trading symbol, Zichis.

Business Post reports that Zichis boosted the market capitalisation of Customs Street by N1.086 billion with the listing of 600 million ordinary shares of 50 Kobo each at N1.81 per unit.

The stock exchange put Zichis under its growth board standard segment.

The new member of the Nigerian bourse was welcomed with open arms by investors yesterday as it was among the most traded stocks for the session.

Yesterday, traders bought and sold 69.6 million shares of Zichis Agro Allied Industries worth N138.5 million at the close of transactions.

The Head of Issuer Regulation Department of the NGX, Mr Godstime Iwenekhai, disclosed in a circular that Zichis listed its stocks on the platform by introduction.

“Trading license holders are hereby notified that the entire issued and fully paid 600,000,000 ordinary shares of Zichis Agro-Allied Industries Plc were listed by Introduction at N1.81 per share on the standard segment of the growth board of Nigerian Exchange Limited on Tuesday, January 20, 2026.

“The trading symbol of Zichis Agro-Allied Industries is ZICHIS,” the notice disclosed.

This is the first major listing on the NGX in 2026.

After the listing yesterday, executives of the organisation met with stakeholders to explain what they do and more insights into the company’s numbers.

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange receded by 0.30 per cent on Tuesday, January 20 following sell-offs in five stocks on the unlisted stock trading platform.

The price losers were led by FrieslandCampina Wamco Nigeria Plc, which gave up N1.71 to sell at N72.00 per share compared with the N73.71 per share it traded a day earlier.

Further, Central Securities Clearing System (CSCS) Plc dropped 37 Kobo to close at N41.43 per unit versus Monday’s closing price of N41.80 per unit, Ge0-Fluids Plc lost 14 Kobo to trade at N7.00 per share compared with the previous day’s N7.14 per share, Afriland Properties Plc depreciated by 13 Kobo to trade at N14.60 per unit versus the N14.73 per unit it was exchanged a dy earlier, and UBN Property Plc declined by 11 Kobo to quote at N1.90 per share, in contrast to the preceding session’s N2.01 per share.

As a result, the market capitalisation went down by N6.5 billion to N2.187 trillion from N2.194 trillion, while the NASD Unlisted Security Index (NSI) depreciated by 10.86 points to 3,656.36 points from 3,667.22 points.

Business Post reports that yesterday, there was a price gainer, which was IPWA Plc. It gained 16 Kobo to end at N1.79 per unit versus N1.63 per unit.

During the trading day, the total value of transaction jumped by 137.5 per cent to N43.3 million from N18.2 million, while the volume of transactions decreased by 3.2 per cent to 2.6 million units from 2.7 million units, as the number of deals depreciated by 30.2 per cent to 30 deals from 43 deals.

At the close of trades, CSCS Plc was the most active stock by value on a year-to-date basis with 3.6 million units worth N145.6 million, trailed by MRS Oil Plc with 278.971 units valued at N55.7 million, and Geo-Fluids Plc with 7.6 million units sold for N51.9 million.

Geo-Fluids Plc maintained its position as the most active stock by volume on a year-to-date basis with 7.6 million units traded for N51.9 million, followed by CSCS  Plc with 3.6 million units transacted for N145.6 million, and Industrial and General Insurance (IGI) Plc with 3.1 million units valued at N1.9 million.

By Adedapo Adesanya

The Naira rebounded on Tuesday, January 20 in the Nigerian Autonomous Foreign Exchange Market (NAFEM) as it appreciated against the US Dollar by 93 Kobo or 0.06 per cent to N1,419.35/$1 from Monday’s N1,420.28/$1.

However, it depreciated against the Pound Sterling in the official market by N2.43 to trade at N1,908.31/£1 versus the previous day’s N1,905.88/£1 and lost N13.53 against the Euro to finish at N1,666.31/€1 compared with the preceding session’s closing price of N1,652.78/€1.

The Nigerian currency also weakened against the Dollar at the GTBank forex counter yesterday by N5 to sell at N1,429/$1, in contrast to Monday’s exchange rate of N1,424/$1 and maintained stability at the parallel market at N1,485/$1.

Market analysts said they expect the current trading range of the Naira to remain firm in the near term supported by stronger foreign inflows driven by higher oil receipts, improved FPI participation, and consistent FX management by the Central Bank of Nigeria (CBN).

Boost from exporters’ and importers’ inflows in addition to non-bank corporate supply will also help enhance liquidity.

The Dollar also faced pressure in the international market in the midst of a dispute between the US and its European allies over Greenland, which President Donald Trump said “no going back” on his campaign thereby triggering selloffs to other safe haven assets.

As for the cryptocurrency market, Bitcoin (BTC) dropped below $90,000 on Tuesday amid a sharp shift in global risk sentiment, triggering more than $1 billion in forced liquidations of leveraged crypto positions.

The crypto sell-off coincided with broader market jitters tied to renewed tariff threats from President Donald Trump and a sell-off in Japanese government bonds that pushed global yields higher and pressured risk assets, with the BTC down by 1.6 per cent to $89,456.08.

Ethereum (ETH) lost 4.7 per cent to trade at $2,974.67, Binance Coin (BNB) slumped by 4.1 per cent to $878.27, Solana (SOL) depreciated by 2.8 per cent to $128.14, Cardano (ADA) crashed by 1.9 per cent to $0.3595, Ripple (XRP) slipped by 1.8 per cent to $1.91, Litecoin (LTC) declined by 1.7 per cent to $68.92, and Dogecoin (DOGE) shrank by 1.5 per cent to $0.1251.

On the flip side, the US Dollar Tether (USDT) appreciated by 0.01 per cent to trade at $1.00, and the US Dollar Coin (USDC) gained 0.03 per cent to settle at $1.00.