Dike Onwuamaeze
In line with Nigerian Exchange Group Plc’s (NGX Group) advocacy for main Nigerian companies to checklist domestically, OPay has secured board and shareholders approval to pursue a secondary itemizing on Nigerian Exchange Limited (NGX).
This adopted the completion of its deliberate major itemizing on the New York Stock Exchange (NYSE).
A press release titled, “NGX Group’s Push for Local Tech Listings Gains Attention Amid OPay IPO Plans,” which was issued by the NGX stated that the choice was disclosed in OPay’s Form F-1 registration assertion filed with the United States Securities and Exchange Commission (SEC) on October 9, 2026.”
The improvement comes barely two months after the board and administration of NGX Group, led by its Chairman, Dr. Umaru Kwairanga, and Group Managing Director/Chief Executive Officer NGX, Temi Popoola, met with President Bola Ahmed Tinubu, the place they advocated a deliberate nationwide technique to encourage main Nigerian companies, significantly know-how firms, to checklist domestically or pursue twin listings.
During the August 6 engagement, Popoola particularly recognized OPay among the many main fintech firms whose participation within the home capital market may broaden funding alternatives for Nigerians. His proposition was anchored on a broader ambition: making certain that firms producing vital financial worth from Nigeria additionally present alternatives for home buyers to take part of their progress and long-term wealth creation.”
Popoola has persistently advocated shifting Nigerians past their roles as customers, workers and customers of providers to turn out to be shareholders within the companies driving financial progress.
The state stated, “For a company such as OPay, whose growth is supported by a substantial Nigerian customer base, a domestic listing could provide an opportunity for its users to participate in its ownership and share in the value it creates.”
The assertion stated that OPay’s formal disclosure provides higher substance to this proposition as its proposed IPO within the United States of America would offer entry to worldwide capital, and the deliberate secondary itemizing on NGX may set up a further pathway for Nigerian buyers to take part within the firm’s progress, bringing home possession right into a enterprise with a major presence in Nigeria’s digital monetary providers sector.
It stated: “The company is pursuing an initial public offering (IPO) of American Depositary Shares (ADSs) and has applied to list on the NYSE under the proposed ticker symbol “OPAY”.
“The planned Nigerian listing remains subject to market conditions and applicable regulatory approvals.”
For NGX Group, the event strengthened the relevance of its ongoing engagement with policymakers, regulators and company leaders to place the capital market as a central platform for long-term capital formation.
Although OPay has secured the mandatory company approvals to pursue a Nigerian itemizing, the transaction stays contingent on the completion of its NYSE itemizing and compliance with relevant Nigerian regulatory and market necessities.
