Futureview Asset Management Limited has become a substantial investor in Zichis Agro-Allied Industries Plc, a Nigerian agro-allied firm listed on the NGX Growth Board. Nairametrics reported that Futureview purchased 126,967,213 ordinary shares from Chilla Entertainment Limited, securing a 10.45% holding of the firm's total issued stock. The deal was revealed in a filing with the Nigerian Exchange on November 9, 2026, after the transfer was finalized on November 3. Because the transaction involved existing shares, the total number of shares in circulation remained unchanged.
Chilla Entertainment is considered a key promoter of Zichis, making this a notable shift in ownership. According to Nairametrics, the block was worth approximately N2.16 billion based on the November 6 closing price of N17 per share. The exchange filing did not specify the exact price paid by Futureview, the remaining stake held by Chilla, or the motivation behind the sale. Zichis stated it remained dedicated to timely disclosures and adherence to NGX regulations and the Companies and Allied Matters Act, 2020.
The ownership change follows a period of robust financial results for Zichis. Nairametrics noted that profits before tax jumped 179.21% to N561.32 million in the first nine months of 2026. Revenue climbed 162.63% to N1.22 billion over the same period, while total assets surged 719.36% to N8.71 billion. The stock price has risen about 754% since its January 20, 2026, listing, placing it second in year-to-date performance on the NGX.
Zichis has been pursuing expansion, including a late-October move to buy a 221-hectare oil palm plantation from Amandel Nigeria Limited. Shareholders had earlier agreed in May to raise up to N50 billion via mixed equity and debt financing. With roughly 1.2 billion shares in circulation, the firm's market value was approximately N20.4 billion at the November 6 close. This new investment adds a major shareholder without altering the current share count, subject to future disclosures.