Boss of Seplat wants to ‘demystify’ Nigeria for investors

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The boss of London-listed Seplat wants to “demystify” Nigeria for international investors after completing a tortured billion-dollar deal with ExxonMobil that has transformed the company into one of country’s biggest oil producers. Two years ago … Read more

Tariffs spark US junk bond sell-off as recession risk mounts

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s “liberation day” tariff blitz has sparked the biggest sell-off in the US junk bond market since 2020, signalling growing angst among investors that an economic slowdown will hit corporate America. The premium investors … Read more

Venezuela cracks down on black market dollars as sanctions bite

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Venezuela’s authoritarian socialist government is cracking down on the use of black market dollars as it seeks to protect the embattled bolívar currency in the face of US sanctions and “secondary” tariffs. The parallel exchange … Read more

UK ‘superfund’ Clara Pensions to invest more than £3bn into private markets

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s first commercial pension “superfund” is planning to pour more than £3bn into private markets over the next three years, in a boost to chancellor Rachel Reeves’ attempts to increase investment in the economy.  … Read more