Dangote IPO Breaks Nigeria's Fintech Infrastructure — And the Rush to Fix It Has Begun

The Dangote Refinery IPO didn't just raise money — it stress-tested Nigeria's entire digital financial plumbing and found it wanting. Within 30 minutes of the offer opening on September 14, Bamboo's platform crashed after traffic surged past 10x normal levels. CEO Richmond Bassey revealed that his team had scaled for a 5x spike with reserve capacity up to 10x, but actual demand obliterated both. The real killer wasn't just volume — it was that critical processes like OTP...