Nigeria Fintech: Dangote IPO Digital Race, POS Surge, and Startup Funding Rebound

Dangote IPO sparks unprecedented digital platform race for 10 million investors. The N2.15 trillion public offer for Dangote Petroleum Refinery opened Monday with 55 approved electronic application channels, including 20 banks, two mobile money companies, and 32 fintech and investment firms. The scale is aimed at reaching 10 million subscribers, making it the largest digital distribution network for an IPO in Nigeria. Fintechs and payment processors are competing to...