Nigeria's Fintech Rise Meets the Hard Truth of Infrastructure Reality

The story isn't just that OPay is planning a listing on the Nigerian Exchange (NGX)—it's that Nigeria's largest fintech company generated $536.3 million in revenue in 2025, a 161% surge, and processed $358 billion in gross transaction value. This is the maturation moment the Lagos tech scene has been building toward: a domestic listing for a company that's been the backbone of digital payments for millions of Nigerians. But behind the IPO headlines, the industry's...