OPay Secures Board, Shareholders’ Approval to List on Nigerian Stock Exchange

In a significant move for Nigeria's financial market, OPay has obtained both board and shareholder approval to list on the Nigerian Stock Exchange. This comes after the telecommunications company successfully completed its primary listing on the New York Stock Exchange (NYSE). OPay's Form F-1 registration statement with the United States Securities and Exchange Commission (SEC) was filed on October 9, 2026, disclosing the decision.

The Nigerian Exchange Group (NGX Group) is enthusiastic about this development, as it aligns with their goal of encouraging leading Nigerian businesses, particularly technology companies, to list domestically or pursue dual listings. During a meeting with President Bola Ahmed Tinubu on August 6, NGX Group's Chairman, Dr. Umaru Kwairanga, and Group Managing Director/CEO Temi Popoola highlighted OPay as one of the major fintech companies that could broaden investment opportunities for Nigerians by participating in the domestic capital market.

Popoola's idea is rooted in the belief that companies generating significant economic value from Nigeria should also provide opportunities for domestic investors to share in their growth and long-term wealth creation. OPay's proposed listing on the NYSE offers access to international capital, while the planned secondary listing on NGX could create another avenue for Nigerian investors to participate in the company's growth, thus integrating more domestic ownership into a business with a substantial presence in Nigeria's digital financial services sector. The secondary listing on NGX remains subject to market conditions and regulatory approvals.