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OPay swings to profit in FY2025 as revenue surges 161% to $536.3 million

African fintech company OPay Limited swung to a net profit of $72.47 million in FY2025 from a $50.98 million loss in FY2024.

  • OPay turned profitable in FY2025, reversing a loss from the previous year
  • Revenue increased 161% to $536.3 million, driven by transaction volumes and user growth
  • Lending saw 285% growth, with new loans reaching $938.3 million and unique borrowers doubling

Katsina Moves to Block Financial Leakages, Tightens TSA Operations

Francis Sardauna in Katsina The Katsina State Government has commenced moves to plug financial leakages and strengthen the implementation of the Treasury Single Account (TSA) system as part of efforts

  • Katsina State aims to curb financial leakages and improve TSA operations
  • Commissioner stresses ethical standards and efficient execution of TSA
  • Previous assessments found funds in unintended accounts

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