HomeAfricaNigeriaFutureview Acquires Stake in...

Futureview Acquires Stake in Zichis Agro-Allied Industries Plc

By Africazine

FUTUREVIEW Asset Management Limited has acquired a 10.45 percent stake in Zichis Agro-Allied Industries Plc after purchasing 126.97 million ordinary shares in the agro-allied company.

The transaction, concluded on November 3, 2026, involved the acquisition of the shares from Chilla Entertainment Limited, making Futureview a substantial shareholder in Zichis Agro-Allied. Following the deal, Futureview holds 126,967,213 ordinary shares, representing 10.45 percent of Zichis Agro-Allied’s issued share capital.

Futureview Acquires Stake in Zichis Agro-Allied

The acquisition marks a significant move for Futureview, enhancing its influence in the agricultural sector. The shares were transferred without the issuance of additional shares by Zichis Agro-Allied. This strategic investment aligns with Futureview’s growth objectives in the agro-allied industry.

Nigeria: Key figures on Zichis Agro-Allied Stake

  • 10.45 percent stake acquired by Futureview
  • 126.97 million ordinary shares purchased
  • 126,967,213 total shares held by Futureview

Zichis Agro-Allied’s Growth Strategy

Zichis Agro-Allied is actively pursuing growth through strategic acquisitions. In February, the company acquired 2,000 acres of land in Ogun State to expand its oil palm plantation and processing capacity. This acquisition is part of a broader plan to strengthen its position in Nigeria’s oil palm industry.

Next Steps for Zichis Agro-Allied

  • Consideration of acquiring a 221-hectare palm plantation in Ifon, Ondo State.
  • Board meeting scheduled for October 23, 2026, to discuss the proposed acquisition.
  • Approval of unaudited interim financial statements for the nine months ended September 30, 2026.

The acquisition of a significant stake in Zichis Agro-Allied positions Futureview as a key player in Nigeria’s agro-allied sector.

Futureview Acquires Stake in Zichis Agro-Allied Industries Plc

- A word from our sponsors -

Most Popular

Previous article
Transmission Company of Nigeria Restores Aba–Itu Transmission Line After Outage

More from Author

Nigeria

Transmission Company of Nigeria Restores Aba–Itu Transmission Line After Outage

The Transmission Company of Nigeria restored the Aba–Itu 132 kV transmission line on Nov. 8 after an outage that began on Nov. 7. This restoration allows the Port Harcourt Electricity Distribution Company to resume electricity distribution to Uyo, Eket, Ekim, and Itu.
Africazine -
Nigeria

Human Creativity Essential for Advertising Industry Amid AI Advancements

Dr. Olalekan Fadolapo of ARCON stated that while artificial intelligence will transform Nigeria's advertising industry, it cannot replace human creativity and strategic thinking. He emphasized the need for a regulatory framework to manage AI's ethical implications and enhance the industry's effectiveness.
Africazine -
Africa

Cultural Records of Jindo Folk Life Returned After Four Decades

Jindo County has received 324 records of folk songs and cultural practices, donated by British ethnomusicologist Keith Howard, marking a significant return of cultural heritage after over 40 years. The donation coincided with the '2026 International Conference on Jindo Studies' held from November 6 to 7.
Africazine -
Nigeria

Funke Akindele Strengthens Nollywood Success Through Strategic Collaborations

Nigerian filmmaker Funke Akindele has achieved remarkable success in Nollywood, with five films generating over ₦7.35 billion at the box office, including A Tribe Called Judah, which earned approximately ₦1.404 billion. Her upcoming film, The Four, aims for a target of ₦5 billion.
Africazine -

- A word from our sponsors -

spot_img

Read Now

Transmission Company of Nigeria Restores Aba–Itu Transmission Line After Outage

The Transmission Company of Nigeria restored the Aba–Itu 132 kV transmission line on Nov. 8 after an outage that began on Nov. 7. This restoration allows the Port Harcourt Electricity Distribution Company to resume electricity distribution to Uyo, Eket, Ekim, and Itu.

Human Creativity Essential for Advertising Industry Amid AI Advancements

Dr. Olalekan Fadolapo of ARCON stated that while artificial intelligence will transform Nigeria's advertising industry, it cannot replace human creativity and strategic thinking. He emphasized the need for a regulatory framework to manage AI's ethical implications and enhance the industry's effectiveness.

Cultural Records of Jindo Folk Life Returned After Four Decades

Jindo County has received 324 records of folk songs and cultural practices, donated by British ethnomusicologist Keith Howard, marking a significant return of cultural heritage after over 40 years. The donation coincided with the '2026 International Conference on Jindo Studies' held from November 6 to 7.

Funke Akindele Strengthens Nollywood Success Through Strategic Collaborations

Nigerian filmmaker Funke Akindele has achieved remarkable success in Nollywood, with five films generating over ₦7.35 billion at the box office, including A Tribe Called Judah, which earned approximately ₦1.404 billion. Her upcoming film, The Four, aims for a target of ₦5 billion.

Agricultural Bank of Egypt Partners to Modernize Public Transportation in Sharqia

The Agricultural Bank of Egypt has partnered with Sharqia Governorate to modernize public transportation by offering financing for new minibuses, requiring a 25% down payment and allowing repayment over 84 months, aiming to improve safety and efficiency in local transport.

South Africa Faces Growing Challenge of Unclaimed Retirement Benefits

In South Africa, over R51 billion in unclaimed retirement benefits affects more than 4.3 million members, highlighting systemic issues in the retirement system. Proposed reforms aim to improve beneficiary tracing by 2027, emphasizing the need for accountability and financial security for individuals.

Ruwacon Opens Bursary Applications for South African Students in Construction Fields

Ruwacon is inviting South African students to apply for the Ruwacon Bursary Programme 2027, with applications closing on 20 November 2026. The bursary supports undergraduate and postgraduate studies in construction and engineering fields, offering financial aid and practical exposure to the industry.

Egypt Launches First Digital Platform for Virtual Exhibitions and Conferences

The Egyptian Expo and Convention Authority has partnered with Meta Mall to launch Egypt's first digital platform for virtual exhibitions, enhancing the exhibitions industry and promoting Egyptian products while utilizing advanced technologies for managing digital events at the Cairo International Conference Center.

Renewed Interest in Traditional Botanical Practices Reshapes Health Conversations in Africa

Interest in traditional botanical practices is growing in Nigeria as communities seek ways to support wellbeing, with initiatives like "Back to the Roots" aiming to integrate ancestral knowledge with modern science while preserving cultural identity and heritage.

UN Committee Recommends Reappointment of Dr. Sarah Alade for Investment Role

The United Nations General Assembly’s Fifth Committee has recommended Dr Sarah Alade for reappointment to the UN Investments Committee for another three-year term starting January 1, 2027, pending confirmation by the General Assembly.

Gold Prices in Egypt Remain Stable Amid Global Market Fluctuations

The price of 24-karat gold in Egypt remained stable at EGP 7,097 per gram on November 7, 2026, while 21-karat gold traded above EGP 6,200 amid global price declines and fluctuations in the US dollar against the Egyptian pound.

Zambia and Africa Finance Corporation Advance Railway Project to Angola’s Port

Zambia is advancing its 830-km railway link to Angola's Port of Lobito, aiming for financial closure by 2027, with expectations to handle roughly 2 million tonnes of freight annually, enhancing regional trade and logistics.