About 300 Nigerians are joining wave of immigrants fleeing persecution in Africa’s richest economy

A scoop of belatedly spotting something and trying to make a thing of it

Also in this newsletter: Brussels looks likely to cheer Italian bank merger

Energy costs climb as Iran war cuts off supply through Strait of Hormuz

Tough new rules shake companies in world’s biggest producer of uncrewed aerial vehicles

Beijing’s tighter scrutiny of foreign capital forces groups to rethink ownership structures behind listings boom

Manoeuvres highlight the lengths traders are willing to go to get exposure to hot western investments despite risks

Also in today’s newsletter: Apollo hunts for a Japanese life insurer, and Chinese exports climb

KMT chair calls for more dialogue between Taipei and Beijing in FT interview ahead of her visit to Washington