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Fintech with a rock-solid footprint in Nigeria, OPay Limited, has provided an update regarding its anticipated initial public offering (IPO) on the New York Stock Exchange (NYSE), announcing that it has mutually agreed with underwriters to terminate the underwriting agreement and halt the offering at this time.

OKB token surged approximately 24% within a 24-hour period, reaching $97.35 on Friday, significantly outperforming a declining broader market. With a $2.04 billion market cap, this rally was primarily driven by a dramatic increase in activity on exchange platforms.