Storyline
OPay Fights Shutdown Rumours
Timeline
- Sat, Sep 5LatestUnverified — not yet reviewed
OPay Publicly Reaffirms Nigeria Commitment Amid Persistent Rumours
OPay has publicly reaffirmed its long-term commitment to Nigeria and its inclusive finance mission, issuing multiple statements as it continues to manage reputational pressure stemming from earlier shutdown rumours. The repeated public positioning signals that consumer trust concerns flagged in prior reporting remain live.
- Fri, Sep 4Unverified — not yet reviewed
OPay Reports 161% Revenue Growth, Pursues Egypt Digital Banking Licence
OPay has reportedly applied for a digital banking licence in Egypt while posting 161 percent revenue growth, signalling an ambitious cross-border expansion by one of Nigeria's largest fintechs. A separate account of the company's town hall reveals ongoing reputational stress, with OPay publicly defending itself over trust concerns and a disputed ₦1.2 billion education claim.
- Thu, Sep 3Unverified — not yet reviewed
OPay Invokes Security Forces and Threatens Legal Action Over Shutdown Rumours
Nigerian fintech OPay has asked the Department of State Services and police to investigate the source of shutdown rumours circulating about the company, simultaneously threatening legal action and asserting that over 7,000 staff remain active. The episode illustrates how misinformation can generate bank-run dynamics and the fragility of consumer trust in Nigeria's fintech sector.