Why fintechs are charging ₦0 to sell Dangote shares

Dangote Refinery on September 14 opened Nigeria's largest-ever public offering at ₦2.15 trillion ($1.62 billion): 4.1 billion shares at ₦525. More than 30 fintech platforms, including Bamboo, Cowrywise and PiggyVest, waived purchase fees to attract up to 10 million retail investors.

• Offering at ₦2.15 trillion ($1.62 billion) — largest in Nigeria's history
• 4.1 billion shares at ₦525, minimum subscription 10 shares (₦5,250)
• More than 30 fintech platforms waived brokerage and other fees
• Goal is 10 million retail investors, applications until October 13