Research & Analysis
Institutional-grade research on Nigerian equities, frontier markets, currencies and global macro.
Chinese electric cars are becoming cheaper, better and more popular in Britain. That is good news for consumers. It may be much less comfortable for Britain's car industry.
A. Francis Ugbabe · 6 October 2026 · 4 min read
The Global Easing Cycle Is Going Into Reverse
ET&A Research · 21 September 2026 · 10 min read
The world is not simply running short of oil. Increasingly, the problem is getting the right barrels to the right place.
ET&A Research · 14 September 2026 · 9 min read
The Federal Reserve is increasingly expected to raise interest rates this week. The more important question for investors is whether this represents a one-off response to inflation—or the beginning of an entirely new market regime.
ET&A Research · 14 September 2026 · 8 min read
Japan’s rising interest rates are beginning to challenge one of the financial system’s most important sources of cheap funding. If the yen carry trade reverses too quickly, the consequences could extend far beyond Japan.
ET&A Research · 9 September 2026 · 10 min read
Beijing is injecting tens of billions of dollars into some of China’s largest banks and insurers. The more important question is not whether those institutions need capital, but why China increasingly needs a stronger financial system at precisely the moment households and businesses appear reluctant to borrow.
ET&A Research · 7 September 2026 · 12 min read
America is unlikely to “go bankrupt” in the conventional sense. The greater danger is more gradual: rising debt could push borrowing costs higher, absorb an increasing share of government revenue and eventually leave Washington with less room to respond when the next economic crisis arrives.
Aako Ugbabe · 4 September 2026 · 8 min read
The economic consequences of disruption in the Strait of Hormuz extend far beyond crude oil. Higher shipping costs, insurance premiums, aviation fuel, natural gas, fertiliser and petrochemical prices are spreading through global supply chains. The result increasingly resembles a geopolitical consumption tax: households and businesses pay more for the same goods simply because the world has become more expensive to move through.
ET&A Research · 2 September 2026 · 12 min read
China has built an industrial system capable of producing far more manufactured goods than its increasingly cautious consumers can absorb. The resulting export surge is lowering prices, intensifying trade tensions and reshaping competition across Europe, emerging markets and global commodity markets.
ET&A Research · 1 September 2026 · 11 min read