OPay Announces Secondary Listing Plans on NGX

OPay is preparing for a secondary listing on the Nigerian Exchange Limited (NGX) following its proposed initial public offering (IPO) in the United States. The company has received board and shareholders' approval for the Nigerian listing, which aims to provide local investors access to its shares.

However, the success of this plan is contingent on market conditions and regulatory approval. The prospectus filed with the US Securities and Exchange Commission on October 9, 2026, identifies eight directors and executive officers.

James Zhou, the founder and non-executive chairman, has a background in mechanical and optical engineering. Other key figures include Boilesen, who oversees regulatory communication, and Fuzile, CEO of Africa Regions at Standard Bank Group.

Wen, who has extensive experience in fintech, manages OPay's global business and product development. The listing may face challenges regarding the transferability of shares between the NGX and the New York Stock Exchange.