Bamboo app crashes under traffic surge as investors rush to access Dangote Refinery IPO

On Monday, investment platform Bamboo faced significant login difficulties when a surge of investors simultaneously attempted to access the Dangote Refinery and Petrochemicals FZE public offer. The unexpected influx caused the app to crash, leaving many hopeful participants unable to log in and access their accounts. Bamboo's official X account announced the issue, stating that the outage was due to traffic volumes far exceeding the platform's capabilities.

While the company assured users that they were actively working to resolve the problem, no specific timeline for restoring full functionality was provided.

The Dangote Refinery IPO has generated immense interest, with Nairametrics reporting that digital investment platforms are competing to attract up to 10 million potential subscribers. Bamboo alone accounted for 3.8 million equity transactions, accounting for approximately 22% of all equity deals on the Nigerian Exchange Group (NGX) between January and July 2026. The IPO is also available through other digital platforms such as NGX Invest, Meritrade, PiggyVest, and Cowrywise, alongside participating banks.

Dangote Refinery's public offering comes after a strong performance in Nigerian equities, with the NGX All-Share Index surging more than 54% in the first half of 2026. However, this impressive run was followed by a correction, as profit-taking and renewed selling pressure weighed on equities following the index's record-breaking level.