Daily Gist & Guide

  OPay, one of Nigeria's popular financial technology companies, has reportedly written off $113.15 million in loans during the first half of 2026, raising questions about loan repayment, credit management, and the growing risks in Nigeria's digital lending industry. According to a report by Nairametrics published on October 13, 2026, the company recorded substantial credit losses between January and June 2026. The figures have attracted attention amid ongoing discussions about borrowing, repayment obligations, and the financial pressures facing Nigerians. However, the reported losses do not necessarily mean that Nigerians collectively refused to repay their loans. OPay Reportedly Writes Off $113.15 Million in Loans Financial disclosures cited in the report indicate that OPay wrote off approximately $113.15 million in loans during the first six months of 2026. The company also reportedly recorded expected credit losses of $118.36 million during the same period. These figures hi...