The plan follows OPay’s proposed initial public offering (IPO) in the United States, under which the fintech firm intends to list its American Depositary Shares (ADSs) on the New York Stock Exchange (NYSE) under the ticker symbol OPAY.

Details of the proposed listings were contained in a registration statement reportedly filed with the United States Securities and Exchange Commission (SEC) on October 9, 2026.

However, the US offering has not been completed, and the company has yet to announce a confirmed trading date or final offer price. The proposed Nigerian listing will also require compliance with relevant regulations, including requirements set by the Nigerian Securities and Exchange Commission and the NGX.

The development could expand OPay’s investor base and provide Nigerian investors with a potential avenue to invest in a fintech company whose operations are heavily concentrated in the domestic market.

Figures contained in the company's filing underscore Nigeria's significance to its business. The country reportedly accounted for approximately 89.5 per cent of OPay's revenue in the first half of 2026.

OPay recorded revenue of $467.06 million during the period, representing a 136.5 per cent increase compared with the corresponding period in 2025. Its net profit also climbed to $90.87 million, up from $21.71 million recorded in the first half of the previous year.

The strong financial performance highlights the company's growth and the importance of Nigeria's digital payments and financial services sector to its earnings.

A potential listing on the NGX could also provide local investors with an alternative to accessing OPay securities through overseas markets. For Nigeria's capital market, the move could introduce another major digital financial services business and broaden the range of investment opportunities available to market participants.

Nevertheless, the structure of the proposed listing, the company's eventual valuation and prevailing market conditions are likely to influence investor interest and trading activity.

OPay has also indicated that shares traded on the NGX may not be directly exchangeable for its NYSE-listed American Depositary Shares unless appropriate arrangements are put in place. Such restrictions could limit transfers between the two markets and contribute to differences in share prices and liquidity.

The proposed secondary listing therefore remains subject to regulatory and procedural requirements. Although board and shareholder approval marks an important step towards the plan, it does not amount to final regulatory clearance or confirm when OPay shares will begin trading on the Nigerian Exchange.

Reporting by TalkNaijaMedia