OPay, one among Africa’s main fintech firms, has secured board and shareholder approval to pursue a secondary list on Nigerian Change Restricted (NGX) following the crowning glory of its deliberate number one list at the New York Inventory Change (NYSE), a building that aligns with Nigerian Change Workforce Plc’s (NGX Workforce) previous advocacy for main Nigerian companies to checklist locally and make bigger alternatives for native possession.
The verdict was once disclosed in OPay’s Shape F-1 registration remark filed with america Securities and Change Fee (SEC) on October 9, 2026. The corporate is pursuing an preliminary public providing (IPO) of American Depositary Stocks (ADSs) and has implemented to checklist at the NYSE beneath the proposed ticker image “OPAY”. The deliberate Nigerian list stays topic to marketplace prerequisites and appropriate regulatory approvals.
The advance comes slightly two months after the Board and Control of NGX Workforce, led by means of its Chairman, Alhaji (Dr.) Umaru Kwairanga, and Workforce Managing Director/Leader Govt Officer, Temi Popoola, met with President Bola Ahmed Tinubu on the Presidential Villa, Abuja, the place they advocated a planned nationwide way to inspire main Nigerian companies, in particular expertise firms, to checklist locally or pursue twin listings.
All over the August 6 engagement, Popoola particularly recognized OPay a number of the primary fintech firms whose participation within the home capital marketplace may just develop funding alternatives for Nigerians. His proposition was once anchored on a broader ambition: making sure that businesses producing vital financial worth from Nigeria additionally supply alternatives for home traders to take part of their enlargement and long-term wealth introduction.
Popoola has constantly advocated transferring Nigerians past their roles as shoppers, workers and customers of products and services to change into shareholders within the companies riding financial enlargement. For a corporation equivalent to OPay, whose enlargement is supported by means of a considerable Nigerian buyer base, a home list may just provide a chance for its customers to take part in its possession and percentage within the worth it creates.
Kwairanga has emphasized the capital marketplace’s position as a crucial nationwide platform for financing endeavor, supporting industrialisation and riding inclusive prosperity. From this viewpoint, attracting main Nigerian companies to the Change isn’t simply about expanding listings; it’s about mobilising long-term capital to reinforce industry enlargement whilst strengthening the hyperlink between company luck and nationwide financial building.
OPay’s formal disclosure offers better substance to this proposition. Whilst its proposed US IPO would offer get right of entry to to global capital, the deliberate secondary list on NGX may just identify an extra pathway for Nigerian traders to take part within the corporate’s enlargement, bringing home possession right into a industry with a vital presence in Nigeria’s virtual monetary products and services sector.
The prospective importance extends past OPay. Nigeria has produced a number of technology-driven companies with considerable operations, buyer bases and financial footprints, but alternatives for home traders to take part of their possession stay restricted. Encouraging those companies to get right of entry to the Nigerian capital marketplace may just assist bridge that hole, deepen marketplace liquidity, develop the Change’s sectoral illustration and fix extra Nigerians to the wealth generated by means of the rustic’s increasing virtual economic system.
For NGX Workforce, the improvement reinforces the relevance of its ongoing engagement with policymakers, regulators and company leaders to put the capital marketplace as a central platform for long-term capital formation. The Workforce’s schedule is going past attracting new listings to development a marketplace in a position to supporting endeavor enlargement, mobilising home and global capital, and increasing public participation in Nigeria’s financial building.
Despite the fact that OPay has secured the essential company approvals to pursue a Nigerian list, the transaction stays contingent at the crowning glory of its NYSE list and compliance with appropriate Nigerian regulatory and marketplace necessities. However, the corporate’s resolution brings renewed consideration to a central message from NGX Workforce’s engagement with President Tinubu: Nigeria’s ambition to construct a globally aggressive economic system should be matched by means of alternatives for Nigerians to spend money on the companies riding that enlargement.
As extra Nigerian-focused firms pursue global enlargement and get right of entry to to world capital, the chance is to be sure that their luck additionally interprets into broader home possession, deeper capital markets and extra inclusive wealth introduction.