Dangote IPO rush exposes digital capacity gaps as Bamboo login fails

Agency Report

The unprecedented rush by retail investors to subscribe to the N2.15 trillion Dangote Refinery and Petrochemicals FZE public offer has exposed capacity challenges among Nigeria’s digital investment platforms, after Bamboo experienced login disruptions on Monday.

Several prospective investors reportedly struggled to access their accounts as traffic surged on the platform following the opening of the Dangote Refinery initial public offering (IPO).

Bamboo acknowledged the disruption in a statement on its official X account, attributing the problem to traffic levels significantly above expectations.

“Hey everyone, we’re getting much higher-than-expected traffic trying to get into the Dangote IPO, and it’s making it difficult for some users to log into the Bamboo app,” the company said.

The investment platform assured customers the engineers were working to restore normal access, saying the service would be “up and running shortly.” It did not, however, provide a specific timeline for complete restoration.

The disruption comes as the Dangote Refinery IPO seeks to draw potentially millions of retail investors through about 55 approved electronic channels.

The distribution network includes bank applications, the Nigerian Exchange’s NGX Invest platform and several fintech and investment platforms.

The offer is reportedly targeting as many as 10 million subscribers, placing unprecedented demands on Nigeria’s digital investment ecosystem.

Bamboo is among the platforms participating in the offer and has become an important channel for retail participation in Nigerian equities. It reportedly accounted for 3.8 million equity transactions, representing about 22 per cent of equity deals on the Nigerian Exchange (NGX) between January and July 2026.

Other participating platforms include NGX Invest, Meritrade, PiggyVest and Cowrywise, as well as commercial banks.