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Germany Faces Winter Gas Shortage Risk as Storage Lags

Germany is risking gas shortages this winter if it turns out to be colder than previous years, the country’s gas storage association has warned. With current gas storage levels at 54.52%, the industry association, INES, said the best it could do by November 1 would be 77%. This would be more than the latest target set by the German government but less than the usual level of gas in storage as of…

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KOSPI Down 0.58% Tuesday

[Economy] : The benchmark Korea Composite Stock Price Index went down 40-point-87 points, or zero-point-58 percent, on Tuesday to close at six-thousand-954-point-52.

Nigeria: Dangote Refinery Sets Minimum Subscription for $1.6 Billion IPO

[Premium Times] Aliko Dangote, Africa's richest man and owner of the 700,000 barrel-per-day (bpd) plant, led the sign-off ceremony in Lagos on Monday.

  • Dangote Refinery's $1.6 billion IPO is Africa's largest public equity sale.
  • Minimum subscription is 10 shares at N5,250 per unit for retail investors.
  • IPO runs from September 14 to October 13, with capacity to be doubled to 1.4 million bpd.

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