Bamboo App Crashes Amid Dangote Refinery IPO Surge

On Monday, the investment platform Bamboo faced significant login failures as a result of a surge in users trying to participate in the Dangote Refinery and Petrochemicals FZE public offer. This incident left many investors unable to access their accounts during a highly anticipated retail investment moment in Nigeria.

Bamboo acknowledged the disruption via a statement on its official X account, explaining that the level of investor interest in the Dangote IPO exceeded their infrastructure's capacity. The company assured users that efforts were underway to restore access, although no specific timeline was provided.

The login issues arose as digital investment platforms geared up for increased retail participation in the Dangote Refinery public offer, with Nairametrics reporting that platforms are vying for up to 10 million potential subscribers. The Dangote Refinery public offer follows a strong performance in Nigerian equities, with the NGX All-Share Index rising over 54% in the first half of 2026, despite a subsequent correction due to profit-taking and renewed selling pressure.