@iam_Yhuzzi Hi @iam_Yhuzzi! Thank you for bringing this to our attention. We have responded to your message via DM and look forward to assisting you further.
Nigeria's current interest rate is 26.50%.
Some banks charge about 30%, meaning for every โฆ100k borrowed, you're expected to repay โฆ130k per annum.
But @OPay_NG seems not to follow this.
Dear Opay, why are you charging โฆ204k on a โฆ470k loan? That's almost 50%. Why?
Today, I had the pleasure of speaking at the @oxfordafrica Conference. One thing I highlighted is that African music is not in decline, weโre simply at a stage where the focus must shift from rapid growth and hype to building the infrastructure needed to sustain the industry long-term. Correction should never be mistaken for collapse.