Business
OPay Denies Reports of Lagos, Abuja Office Seals
OPay says reports of Lagos and Abuja office closures are false, affirming its operations continue uninterrupted and regulatory compliance remains intact
Financial technology company OPay Digital Services Limited has dismissed claims that its offices in Lagos and Abuja were sealed by the Nigeria Revenue Service over alleged tax non-compliance, describing the reports as false and misleading.
Also read: OPay Wins Brand of the Year 2025 for Innovation in Fintech
In a statement released on Thursday, OPay confirmed that its offices nationwide remain open and fully operational, with services to customers, merchants, and partners continuing without disruption.
“Our attention has been drawn to recent reports claiming that our offices were sealed due to non-compliance with Value Added Tax and Company Income Tax obligations. This is not true. Our operations across Nigeria remain uninterrupted,” the company said.
OPay clarified that the notice referenced in the reports stemmed from an industry-wide directive issued by the tax authority asking payment platforms to separately display certain statutory charges for enhanced transparency and easier reconciliation.
The company stressed that the directive applied to the broader payments sector, not OPay specifically.
“The notice arose from a recent industry-wide directive and does not indicate unpaid taxes or enforcement action against OPay. Portraying it otherwise misrepresents the facts,” the statement added.
The firm also criticised selective reporting that singled out OPay, warning that such narratives could harm its reputation despite a history of regulatory compliance.
“Such reporting distorts the facts and appears calculated to undermine a company that has consistently demonstrated transparency and cooperation with regulators,” the company said.
Reaffirming its commitment to Nigeria’s digital economy, OPay stated that it continues to provide secure and inclusive financial services while maintaining full compliance with all statutory and regulatory obligations.
Also read: OPay Scholarship Initiative Nigeria Empowers Students with Unforgettable Support
“For the avoidance of doubt, information suggesting that OPay is shutting down or that its offices have been closed should be disregarded,” the company added.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
-
Politics2 years ago
13 Ondo Assembly Members Disown Endorsement of Aiyedatiwa
-
Politics2 years ago
APC Group, Ondo Govt, Quarrel Over Money for Endorsement
-
Trending News5 years agoStop unsavoury, inciting statements – DSS warns
-
Others4 years agoAdron Homes Celebrates 10 Years Of Housing Excellence
-
Humanity4 years agoPresident Buhari Commiserates With Ambassador Maureen Tamuno Over The Loss Of Her Father
-
Others7 years agoEX- CUSTOMS BOSS, IBRAHIM MERA’S DWINDLING FAME
-
Business2 years agoBigi Carbonated Soft Drinks Treats 40 Consumers to an Epic Easter Movie Hangout
-
Business2 years agoWema Bank Shines at Global SME Finance Forum Conference Awards 2024 …Awarded: • SME Financier of the Year (Africa) • Platinum Award for Best Financier for Women Entrepreneurs (Africa)