Dangote: WayvePay clarifies IPO sale
By the AFREEQUE newsroom, based on Vanguard
Wayve Microfinance Bank says it is in talks with the Nigerian Securities and Exchange Commission over the sale of the Dangote Petroleum Refinery initial public offering through its WayvePay platform. The bank is responding to a regulator’s warning urging the public not to buy the offer through its digital service, according to a WayvePay statement.
WayvePay has clarified its role in marketing the Dangote refinery’s initial public offering, following a warning from the Securities and Exchange Commission (SEC), Nigeria’s financial markets regulator, according to Vanguard. The SEC had urged the public not to buy the refinery’s shares through the digital banking platform WayvePay.
The clarification was issued by Kingsley Ezenwa, WayvePay’s head of corporate communications, in a statement about the sale of shares in Dangote, the Nigerian industrial group. The transaction concerns the Dangote refinery’s initial public offering.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
