OPay Gains Approval for NGX Secondary Listing After NYSE Debut

OPay has secured board and shareholder approval to pursue a secondary listing on the Nigerian Exchange Limited (NGX) following its primary listing on the New York Stock Exchange (NYSE). This was disclosed in a Form F-1 registration statement filed with the United States Securities and Exchange Commission on October 9, 2026.

The secondary listing will be subject to market conditions and compliance with Nigerian legal and regulatory requirements, including the Investments and Securities Act, 2025, and the NGX Rulebook. OPay clarified that shares traded on the NGX may not be interchangeable with its American Depositary Shares (ADSs) on the NYSE unless arrangements are made.

The company, valued at approximately $4 billion, processed a gross transaction value of $358 billion in 2025, with a significant increase in monthly active users and lending business. Citigroup, Deutsche Bank, and JPMorgan Chase are managing OPay's planned US IPO.