OPay's IPO Numbers Just Dropped — and They're Staggering

OPay just handed Nigeria's tech ecosystem a proof point it's been starving for. The fintech giant's IPO investment document, seen by Nairametrics, shows OPay swung from a $50.98 million loss in FY2024 to a $72.47 million net profit in FY2025 — a full P&L reversal in a single fiscal year. Revenue surged 161% to $536.25 million, up from $205.73 million. Gross Transaction Value hit a monstrous $358 billion, more than doubling from $166.2 billion a year prior. Monthly...