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Dangote IPO tests Nigeria's fintech infrastructure as investor demand overwhelms platforms

LAGOS, Sept 17 (Reuters) - Several Nigerian digital investment platforms ⁠suffered outages as retail investors rushed to buy shares in Dangote Petroleum Refinery, highlighting the strain Africa's largest-ever share sale is placing on fintech ⁠infrastructure.

The Star MalaysiaMacDonald Dzirutwe查看原文 ↗
Dangote IPO考验尼日利亚金融科技基础设施,投资者需求超出平台承载能力。

A person uses the Bamboo mobile application, after the opening of Dangote Refinery's initial public offering (IPO) at the Nigerian Exchange Group (NGX Group), in Lagos, Nigeria, September 16, 2026. REUTERS/Sodiq Adelakun

LAGOS, Sept 17 (Reuters) - Several Nigerian digital investment platforms ⁠suffered outages as retail investors rushed to buy shares in Dangote Petroleum Refinery, highlighting the strain Africa's largest-ever share sale is placing on fintech ⁠infrastructure.

Regulators and market participants have urged first-time investors to be cautious as the record $1.6 billion offering, launched this week by Aliko Dangote, ‌seeks broad public participation through banks, mobile operators and fintech platforms.

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