{
  "id": 17598172,
  "title": "Build for Nigeria’s worst day, says OPay COO Dotun Adekunle",
  "url": "https://urgent.news/2026/11/01/build-for-nigerias-worst-day-says-opay-coo-dotun-adekunle",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-01T12:30:17.000Z",
  "source": {
    "name": "TechCabal",
    "slug": "techcabal",
    "url": "https://techcabal.com/2026/11/01/build-for-nigerias-worst-day-says-opay-coo-dotun-adekunle/"
  },
  "original_language": "en",
  "account": "In a keynote titled \"Markets That Refuse to Break\" at Moonshot by TechCabal on 28 October, OPay's chief operating officer and chief technology officer Dotun Daniel Adekunle argued that the most successful companies in Nigeria are those built to withstand the country's worst days. Nigeria's technology market is characterized by unreliable infrastructure and a volatile economy, but OPay's CEO believes that companies that adapt to local conditions are the ones that thrive. On 9 October, OPay filed to list on the New York Stock Exchange, with revenue of $467.1 million in the first half of 2026, up from $197.5 million a year earlier. Lending overtaking payments as its largest business, Nigeria provided 89.5% of that revenue. Credit risk and regulation were listed among the main threats to OPay's business. In the past, OPay demonstrated its resilience during a cash crunch in 2023 when the naira redesign left Nigerians short of cash, resulting in a surge in transfers and bank app failures. OPay held up due to its nationwide agent network, a testament to the importance of adapting to the local environment. On 30 August, a fake notice claiming OPay would shut down spread online, causing some customers to withdraw their money. However, OPay denied the claim, and the Central Bank of Nigeria called it false, with police later arresting a woman over the post. Adekunle emphasized that resilience cannot be achieved alone and urged builders to treat the world as their operating system, stating that if OPay can survive Nigeria, it can survive the world.",
  "summary": "Nigeria’s technology market is usually described by its problems, from unreliable infrastructure to a volatile economy. Dotun Daniel Adekunle, OPay’s chief operating officer and chief technology officer, argues that the country’s most durable companies are the ones built to survive its worst days. “Stubbornness is a business model in Africa,” Adekunle said in a keynote […]",
  "key_points": [
    "OPay COO Dotun Adekunle emphasizes building for Nigeria's worst days",
    "OPay filed to list on NYSE with $467.1M revenue in H1 2026",
    "Resilience demonstrated during 2023 cash crunch and fake shutdown claim"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}