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Nigeria Regulatory Action Cuts Optasia's Revenue Share from 14% to 4%
Regulatory intervention in Nigeria has reduced Optasia's share of airtime lending revenues from 14 percent to 4 percent, sharply compressing the mobile credit operator's income from its Nigerian business. Despite this, Optasia reported overall H1 revenue growth of 58 percent to $185.3 million, though the company flagged a materially slower second half ahead.
4 sources
- Optasia’s own targets point to a much slower second half · techcentral.co.za · T2
- Optasia H1 revenue rises 58% to $185.3m · itweb.co.za · T2
- Optasia’s airtime lending revenue drops to 4% in Nigeria amid regulatory and competition strife · technext24.com · T2
- 14% to 4%: How Nigerian Regulation Took a Bite Out of Optasia’s Growth · launchbaseafrica.com · T1