MARKETS
OPay NYSE listing plan tests Nigeria markets' depth
OPay's plan to list primarily in New York and secondarily on the NGX is being framed as a win for local listing advocacy. It is closer to the opposite: liquidity and price discovery stay offshore, while Lagos gets a thin satellite line that pension funds must price off the NYSE close. Expect this sequence to become the template for Nigerian fintechs unless SEC Nigeria and FIRS change the economics of listing at home.
