OPay Halts New York Listing Amid Ongoing Inquiry

OPay announced the suspension of its New York Stock Exchange listing and trading, stating that after careful consideration and discussions with underwriters, it was prudent not to proceed with the Offering at this time. The underwriting agreement dated October 29, 2026, has been mutually terminated, resulting in the Offering not being completed.

OPay clarified that this development should not be seen as a reflection of its business performance, financial condition, operational integrity, or regulatory standing. The inquiry pertains to a foreign jurisdiction and is being addressed through appropriate channels.

OPay remains confident that the inquiry will be resolved satisfactorily soon and continues to operate normally in Nigeria, Indonesia, Egypt, and Pakistan. The company is committed to deepening its investments in Nigeria's digital financial services sector and promoting financial inclusion, supporting economic growth, and contributing to the development of Nigeria's digital economy.