Ogochukwu Onwaeze, THEWILL

The fintech company disclosed its intention in a Form F-1 registration statement filed with the United States Securities and Exchange Commission on October 9, 2026. OPay is pursuing an initial public offering of American Depositary Shares and has applied to list on the New York Stock Exchange under the proposed ticker symbol OPAY.

The NGX All-Share Index rose 21,792.49 points, from 229,419.18 at the end of June to 251,211.67 at September 30. Equity market capitalisation increased by N15.89 trillion, from N147.22 trillion to N163.10 trillion.

Trading activity was mixed during the week. Investors exchanged 2.715 billion shares valued at N158.280 billion, compared with 3.166 billion shares worth N155.023 billion in the preceding week.

Zenith Bank Plc reported a 1.91 percent year-on-year increase in profit before tax to ₦637.6 billion for the half-year ended June 30, 2026, and proposed a 20 percent increase in its interim dividend to ₦1.50 per share.

The Nigerian Exchange Limited (NGX) closed Friday’s trading session higher, with market capitalisation rising by N209 billion, while the benchmark All-Share Index (ASI) gained 321.05 points despite more stocks recording losses than gains.

In a statement issued on Friday, October 9, NNPC’s Chief Corporate Communications Officer, Andy Odeh, said the company remained committed to supporting the Federal Government’s efforts to cushion the economic impact of higher fuel costs.

The initiative, funded by the Canadian Government through Global Affairs Canada, will support businesses in improving export readiness, obtaining market information and connecting with potential international buyers.

Data from the apex bank showed that balances in its Standing Deposit Facility (SDF) fell to ₦3.76 trillion on October 7, 2026, from ₦4.70 trillion a day earlier.

The commission’s August 2026 factsheets showed that Eko Power Limited had 201 compliant and 46 non-compliant feeders out of its 247 Band A feeders. IE Energy Lagos Limited, operated by Ikeja Electric, recorded 113 compliant and 52 non-compliant feeders out of 165.

The Central Bank of Nigeria (CBN) has stepped up efforts to deepen Nigeria’s financial and investment links with Asia through engagements with Singapore’s financial authorities, innovation institutions, investors and market operators.