Research & Analysis
Institutional-grade research on Nigerian equities, frontier markets, currencies and global macro.
Asset managers earn attractive recurring fees by overseeing client capital, but their profits can be disrupted by falling markets, investor withdrawals, fee pressure, poor performance and changing technology.
ET&A Research · 5 August 2026 · 13 min read
Mining shares are often treated as a leveraged way to invest in commodities. Yet the relationship is more complex than it first appears: higher commodity prices can transform a miner’s earnings, but costs, debt, operational performance and market expectations ultimately determine how much value reaches shareholders.
ET&A Research · 5 August 2026 · 12 min read
Gold is frequently presented as protection against inflation, currency weakness and geopolitical instability. But after a period of exceptional gains—and considerable volatility—investors must decide whether they are buying genuine portfolio insurance or simply following an asset whose price has already risen.
ET&A Research · 5 August 2026 · 10 min read
How supply-chain localisation is reshaping manufacturing and capital expenditure
ET&A Research · 28 July 2026 · 12 min read
For years, investors favoured companies that could grow without owning factories, infrastructure or large physical assets. But energy constraints, supply-chain insecurity and the AI investment boom are shifting value back towards businesses that build, manufacture and operate the systems on which the modern economy depends.
ET&A Research · 28 July 2026 · 11 min read
For many young people, the traditional milestones of adulthood have not disappeared—they have simply moved further out of reach.
ET&A Research · 24 July 2026 · 9 min read
Markets often react less to the crisis itself than to what investors expect will happen next. Hopes of a ceasefire, policy support or lower future prices can outweigh the immediate uncertainty.
ET&A Research · 24 July 2026 · 8 min read
The global economy has become extraordinarily efficient at moving goods, energy and components across borders. The problem is that it may have sacrificed too much resilience in the process.
ET&A Research · 24 July 2026 · 10 min read