Dangote IPO Tests Nigeria’s Digital Infrastructure As Investors Flood Platforms

Nigeria’s growing reliance on digital platforms for capital-market transactions is facing a major test as a surge in retail investor activity around the Dangote Petroleum Refinery and Petrochemicals Initial Public Offering (IPO) has exposed capacity and access challenges across parts of the digital investment ecosystem.
The N2.15 trillion offer, which opened on September 14 and is scheduled to close on October 13, has drawn investors through banks, fintech platforms, mobile-money operators and other approved channels. The offer comprises 4.1 billion ordinary shares priced at N525 each, with a minimum subscription of 10 shares, or N5,250.
However, the rush to participate has already di...