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

Limit on Russian crude was set to increase from $44 a barrel to $70 following supply disruption due to Middle East war

Crude prices stay below $100 a barrel as China’s import cuts help eke out global stockpiles

Central bank’s off-cycle move follows rout in currency and stock market

Also in this newsletter: First discussions on proposals to reduce US tech reliance

The threat from China is rising — and the US president is keeping one of the world’s most dangerous flashpoints in suspense

Head of the country’s anti-graft body says €160bn may have been siphoned off during ex-PM’s 16 years in power

Thndr co-founder says 2023 financial crisis a pivotal moment for retail investor customer base that has grown beyond his ‘wildest dreams’

Median price on official portal for resellers has sunk by 20% over the past month

Imports show strong growth as world’s second-biggest economy shakes off impact of energy shock

Also in this newsletter, what’s going on with Rajesh Exports?

Companies rush to develop products and services for rapidly ageing population