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From Strategy to Code

OPay’s $1.28 lending problem in Nigeria | HealXRlabs
Feed/Industry· Africa

OPay’s $1.28 lending problem in Nigeria

TechCabal·Shared 15 Oct 2026

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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We surfaced this piece through the HealXRlabs lens — published originally on TechCabal. Continue to the full article on their site.

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