Reps seek FG intervention over OPay’s New York stock exchange listing
The House of Representatives has urged the Federal Government to intervene in the alleged halting of OPay’s planned listing on the New York Stock Exchange. Read More: https://punchng.com/reps-seek-fg-intervention-over-opays-new-york-stock-exchange-listing/
The House of Representatives has urged the Federal Government to intervene in the issue surrounding OPay Digital Services Limited's planned listing on the New York Stock Exchange. The call for action was made by Mr. Amos Daniel, representing Jema'a/Sanga Federal Constituency of Kaduna State, during a plenary session on Wednesday.
OPay is a prominent player in Nigeria's fintech industry, contributing significantly to financial inclusion, digital payments, employment generation and the growth of Nigeria's digital economy. Despite being a Nigerian-incorporated company, OPay's planned listing has reportedly hit regulatory complications, allegedly due to claims that it is a Chinese corporate entity, according to the lawmaker.
The House is concerned this situation could impact investor confidence, foreign investment, and Nigeria's standing in the international market. The House has adopted the motion and tasked its leadership to engage with relevant authorities and stakeholders to resolve the issues and protect the interests of Nigeria's corporate citizens and companies seeking investment opportunities abroad.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
