Tuesday 20 October

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#NGX

  1. OPay filed a Form F-1 with the US Securities and Exchange Commission on Friday, 9 October 2026, to list on the New York Stock Exchange under the ticker OPAY.
  2. The filing shows revenue of $536.3 million and net profit of $72.5 million in 2025, with Nigeria providing 88.1% of revenue.
  3. OPay's board and shareholders have approved a secondary listing on the Nigerian Exchange after the New York listing, subject to market conditions.
Gist Reel

Money · 4 min read

OPay files for New York listing: what it means for you

OPay has filed to list its shares on the New York Stock Exchange and plans a later listing in Lagos. Here is what the filing reveals and what it means for its 50 million users.

Mobile money company OPay has filed to list its shares on the New York Stock Exchange under the ticker "OPAY". It submitted a registration statement on Form F-1 to the US Securities and Exchange Commission (SEC) on Friday, 9 October 2026, according to the filing and reports by Peoples Gazette and Nairametrics. Millions of Nigerians use OPay for transfers, payments…

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  1. GTCO made a pre-tax profit of ₦603.03bn in January–June 2026, up 0.4% from ₦600.9bn a year earlier.
  2. The board approved a ₦1 interim dividend per share, matching last year's half-year payout; it will be paid on 20 October to shareholders on the register on 12 October.
  3. Profit after tax fell about 7.8% to ₦414.19bn as income tax rose 24%, Nairametrics reported from the filing.
Gist Reel

Economy · 4 min read

GTCO declares ₦1 interim dividend as half-year pre-tax profit hits ₦603bn

GTCO's H1 2026 results show flat pre-tax profit, strong deposit growth and a heavier tax bill that cut net profit. Here is what the numbers mean for shareholders as trading resumes on Tuesday.

Updated 17:53 WAT, 29 Sep 2026: GTCO has set 12 October as the qualification date and 20 October as the payment date for its ₦1 interim dividend. The GTCO interim dividend is back at ₦1 a share after Guaranty Trust Holding Company posted a pre-tax profit of ₦603.03bn for January to June 2026, in results released late on Monday. GTCO…

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