OPay Plans Secondary Listing on Nigerian Exchange After US IPO

OPay, a financial technology company, has secured board and shareholder approval to pursue a secondary listing on the Nigerian Exchange Limited (NGX) following its proposed initial public offering (IPO) in the United States. This plan was disclosed in a registration statement filed with the United States Securities and Exchange Commission on October 9, 2026.

OPay intends to list its American Depositary Shares on the New York Stock Exchange under the proposed ticker symbol OPAY. The US offering is still pending completion, subject to regulatory approvals and other requirements, and no confirmed trading date or final offer price has been announced.

The proposed NGX listing would follow the US offering and require compliance with Nigerian Securities and Exchange Commission regulations and NGX rules. In the first half of 2026, Nigeria accounted for approximately 89.5% of OPay's revenue, which was $467.06 million, reflecting a 136.5% increase from the previous year.

Net profit rose to $90.87 million from $21.71 million in the same period last year.