Bamboo app can't open since morning due to high traffic of users. I can't log in since 2 hours now. Two Nigerian investment platforms, Bamboo and Cowrywise, experienced disruptions to their services on Monday following a surge in traffic from users attempting to subscribe to Dangote Petroleum Refinery & Petrochemicals FZE's initial public offering (IPO). Dangote Refinery on Monday commenced its IPO, with the share sale comprising 4.1 billion ordinary shares offered at N525 per share until 13 October.
The refinery aims to raise N2.15 trillion. Bamboo said the unusually high traffic was making it difficult for some users to access its app as investors sought to participate in the Dangote Refinery share offer. Similarly, Cowrywise also acknowledged an unusually high volume of traffic on its platform. The disruptions occurred on the first day of the Dangote Refinery's $1.6 billion initial public offering, which seeks to raise about N2.15 trillion through the sale of 4.1 billion shares at N525 each.
