Nigeria appoints former Shell executive to lead state-owned oil group

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nigeria’s president has replaced the board of the country’s state-owned oil company and put a former Shell executive in charge, as Africa’s largest crude producer tries to revive output and attract investment. President Bola Tinubu … Read more

Vibes vs data

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.  Markets, investors and companies are all feeling a little bit jumpy about the state of the economy. Surveys of managers, consumers and investors are all grim. Today on the show, Rob Armstrong and Aiden Reiter … Read more

Newsmax listing turns media boss and Donald Trump ally Chris Ruddy into billionaire

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Chris Ruddy, a rightwing media mogul and longtime friend of Donald Trump, has become a multibillionaire after Newsmax shares continued to surge following its public listing debut on Monday — an unlikely outcome … Read more

Metro Bank ex-CEO claims watchdog ‘too busy’ to supervise before £900mn error

Stay informed with free updates Simply sign up to the UK banks myFT Digest — delivered directly to your inbox. Metro Bank’s former chief executive accused the financial regulator of being “too busy” to properly supervise what was the UK’s seventh-biggest lender in the lead-up to its £900mn accounting error. Craig Donaldson, the lender’s ex-CEO, … Read more