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Wayve Microfinance Bank Limited, which runs the WayvePay digital banking platform, has responded to the Securities and Exchange Commission's warning about the Dangote Petroleum Refinery IPO. The bank says it is cooperating with regulators and has removed promotional material from its app.
Dangote Petroleum Refinery and Petrochemicals has moved the closing date of its IPO to 27 October 2026 after receiving SEC approval, citing strong investor demand across Africa. The offer comprises 4.1 billion shares at ₦525 each, valued at roughly ₦2.15 trillion.