OPay is owned by Chinese billionaire Zhou Yahui, who is the founder and chairman of Opera Software, OPay's parent company, and also the founder of Kunlun Tech Co.. Zhou Yahui led the expansion of Opera into fintech, leading to the establishment of OPay in Nigeria, making it a foreign-backed entity with significant Chinese capital and leadership.
OPay in Nigeria is owned by Zhou Yahui, a Chinese billionaire and the chairman of Opera Software, which is OPay's parent company. He is also the founder of Kunlun Tech Co. Ltd., another of his companies.
Our journey in Nigeria started in 2018 and we are strictly licensed and regulated by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC).
In addition to his resignation from Opay, Olu Akanmu has also stepped down from his position as the chairman of the board of directors of the Fintech Association of Nigeria. He has not yet announced his plans for the future. No course for alarm. Opay is an international organization own by operal mini.
Leveraging the power of AI and big data, OPay offers innovative financial technology solutions that reshape the traditional financial landscape. Currently, OPay's services span countries including Nigeria, Egypt, Pakistan and other countries.
Despite these global headwinds, OPay has maintained its valuation of $2 billion in 2021. At its last funding round in 2021, OPay raised $400 million from investors, including SoftBank and Sequoia, which boosted its valuation to $2 billion.
Below is a comprehensive list of the top 10 highest- paid employees/CEOs in Nigeria. 1. Ebenezer Onyeagwu / Zenith Bank Ebenezer Onyeagwu of Zenith Bank emerged as the highest-paid CEO with a basic salary of ₦2.17bn. In 2022, he was earning ₦258m and his salary took a 660% leap to the present amount.
The Nigerian start-up says the new investment takes its valuation up to $2 billion. Mobile payment fintech OPay has secured $400 million in a Series C funding round led by SoftBank's Vision Fund 2.
Nigeria's top 5 banks (Access Bank, UBA, Zenith Bank, FBN Holdings, and GTCO) dominate the sector with combined assets worth over ₦146 trillion. The banking sector performed remarkably in 2023, accounting for 4.6% of the country's GDP through a year-over-year improvement of 28.86%.
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Nigeria's richest woman Folorunsho Alakija has donated a Skills Acquisition Center to Yaba College of Technology, a higher educational institution located in Lagos.
Meet Zhou Yahui, the Chinese billionaire who owns OPay, one of the most used online banks and fintech platforms in Nigeria. He is also the chairman of Opera Software, OPay's parent company.
Nigeria's top 10 richest families in descending order are: Dangote, Adenuga, Rabiu, Otedola, Elumelu, Danjuma, Alakija, Ibru, Ovia, and Tinubu. Their combined wealth exceeds ₦65 trillion, concentrated primarily in cement, telecommunications, banking, oil, and energy sectors.
Aliko Dangote is the wealthiest person in Africa, with an estimated net worth of US$30.6 billion as of 9 January 2026, according to the Bossip Africa Billionaires Index and $26.2 billion according to Forbes, primarily from his oil refinery, cement and sugar business.
One of the most exciting fintech startups globally today is the Nigerian mobile money startup OPay. Uniquely Opay was incubated and initially funded by the Norwegian internet browsing company Opera, one of the most unique origin stories for a startup anywhere in the world.
Meet the richest young millionaire in Nigeria : Nigerian pre-teen, Muhammed Awal Mustapha, aka Mompha Junior, is being dubbed the 'world's youngest billionaire' at just 10 years old.
Otedola currently owns 17.01 percent of First Bank — its single largest shareholder since it was established in 1894. His first big break as a businessman was in the energy sector when he set up Zenon Oil, a diesel marketing company, in 2003.
Money Laundering and FATF. The other vital concern of PayPal for not entering into the Pakistani market is money laundering. There is a concern that money laundering activities have been increased in Pakistan over the past few years. Therefore, the Financial Action Task Force (FATF) has placed Pakistan on the grey list ...
The partnership between OPay and WorldRemit will provide Nigerians with a more affordable way to receive money from over 50 countries including the United States, United Kingdom, and Canada directly into their mobile phones.
Revenue Model: OPay's revenue model is primarily based on transaction fees. For every transaction carried out on the platform, OPay charges a small percentage as a service fee. This applies to payments, fund transfers, ride services, food delivery, and other services offered on the platform.
