OPay Denies September Closure Rumors, Urges Verification

OPay has refuted claims circulating on social media that it intends to suspend operations starting September 1, labeling the reports as false and misleading. The viral message prompted some users to withdraw their funds in anticipation of an alleged operational shutdown.

In response, OPay issued a statement via its verified social media channels, confirming that its services remain fully operational and that there are no plans for a business suspension. The company urged users to verify information through official channels before reacting to unverified claims.

OPay pointed out several inconsistencies in the viral publication, such as the use of an incorrect logo, spelling errors, and inaccurate information, indicating that it did not originate from the company. This clarification comes as OPay is reportedly considering a listing on the Nigerian Exchange (NGX) amid speculation about its future growth plans.

In 2025, OPay reported a net profit of $72.47 million, a significant turnaround from a $50.98 million loss in 2024, with revenue increasing by 161% to $536.25 million.