OPay Plans Nigerian Exchange Listing Amid Tech Push

OPay has announced its intention to pursue a secondary listing on the Nigerian Exchange, which aligns with the Nigerian Exchange Group Plc's efforts to encourage major technology companies to enter the domestic capital market. This announcement was made following a Form F-1 registration statement filed with the United States Securities and Exchange Commission on October 9, 2026.

OPay aims for an initial public offering of American Depositary Shares and has applied to list on the New York Stock Exchange under the proposed ticker symbol OPAY. The Nigerian listing is contingent upon the completion of the US listing, market conditions, and regulatory approvals.

This development follows a meeting on August 6 between the Nigerian Exchange Group's Board and Management, led by Chairman Umaru Kwairanga and Group Managing Director and Chief Executive Officer Temi Popoola, and President Bola Tinubu at the Presidential Villa in Abuja. During this meeting, the Exchange's leadership advocated for a national strategy to promote domestic listings for leading Nigerian businesses, particularly in the technology sector.