Nigeria’s OPay Backs Lagos Listing in 9 October Filing
OPay's board and shareholders approved a secondary listing on the Nigerian Exchange after a planned NYSE IPO, its 9 October US filing shows. The post Nigeria’s OPay Backs Lagos Listing in 9 October Filing appeared first on The Rio Times .
Nigerian payment app OPay has won approval from its board and shareholders to list on the Nigerian Exchange in Lagos, following its planned initial public offering (IPO) on the New York Stock Exchange (NYSE) under the symbol OPAY. OPay's filing with the US Securities and Exchange Commission (SEC) disclosed the secondary listing on the Nigerian Exchange Limited (NGX), which is subject to market conditions, required approvals and trading arrangements.
The Lagos listing would not be fungible with the American depositary shares (ADSs) sold in New York, as shares traded in Lagos would be denominated in Nigerian naira. The company reported revenue of US$536.3 million in 2025, a significant increase from US$205.7 million in 2024. Revenue accounted for 88.1% of OPay's total in 2025, with the rest coming from Indonesia, Egypt and other markets.
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