Opera’s African fintech startup, OPay will shut down all other businesses in Nigeria excluding its payment operations, a source familiar with the matter told Nigeria Today.

According to the source, OPay’s investors sent a memo in the early hours of Tuesday to the Nigerian team directing all other verticals but payments to shut down operations and all the Chinese expatriate workers to return to China as soon as possible.

“I can confirm to you that they are shutting down operations. They have asked their managers here to return home. The memo came around 2AM on Tuesday,” the source said.

The source named all the other businesses to be shut down to include the hitherto popular bike hailing service, ORide; a B2C e-commerce app, OMall; a B2B e-commerce platform, OTrade; a logistics delivery service, OExpress and a food delivery service, OFood.

According to the source, the Nigerian team has already set up a team tasked with the recovery of all the ORide motorcycles on the road.

Read more here: https://nigeriatodaynews.ng/opay-to-shut-all-nigerian-operations/

Its painful that that the government hasn't provided a conducive business environment

SMEs battling against the negligence and incapacity of government to provide and implement a conducive environment for businesses to thrive

More people in the unemployment market ..

So so sad at this news ..


Anyway in business u win some and loose some.

If this is true, this is bad. The government didn't create jobs and the little foreign investment we attracted find our country too toxic to operate

Mehn! I hope this info isn't true. To think of the number of Nigerians employed under this franchise losing their means of income

which kin wahala be this

i feel so sad, many top management were stolen from andela, gokada, ringier and some startups and paid ridiculous high salaries, some of them will be back to square 1 that is bad.

This Nigeria startup scene is really fragile, you can be on top today and next thing down tomorrow with no job. or your salary cut by half when employed by a new company.

Owhy
Opari
Oleft
Otitan
Obad
Osad
Ocritical
Ogao
Omase o
Opainful
Odunmi
Odifficult
Omada

Opay shut down its businesses in Nigera to joined the likes of Dunlop. E remain small for Nigeria

Anything buhari's withered hands touch must die. He killed the economy in the 1980's and he has been killing it since 2015. Good luck to the Nigerians who voted him. As you lay your bed you lie on it.