OPay’s $1.28 lending problem in Nigeria

T2Covered by 1 source · first reported by Africa: TechCabal / Techpoint Africa / TechCentral / WeeTracker / Ventureburn at 14 Oct, 15:31 UTC

Every $10 (₦13,329.7) borrowed from OPay generated $2.55 (₦3,399.07) in loan-financing revenue in H1 2026. The figure includes late-payment penalties, not just interest, and offers a glimpse into the revenue lenders need to cover the risk of borrower defaults.

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Sources

• T2OPay’s $1.28 lending problem in NigeriaAfrica: TechCabal / Techpoint Africa / TechCentral / WeeTracker / Ventureburn14 Oct, 15:31