Research & Analysis
Institutional-grade research on Nigerian equities, frontier markets, currencies and global macro.
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
Africa’s largest investment markets are often grouped together, but they offer fundamentally different combinations of growth, stability, market access and risk. Nigeria is primarily a scale and reform opportunity; Kenya is a regional services platform; Egypt is an industrial and macroeconomic recovery case; while South Africa offers institutional depth and the continent’s most developed capital markets.
ET&A Research · 5 August 2026
Nigeria’s pension industry has accumulated a substantial pool of long-term capital. The opportunity is to direct more of it towards infrastructure, housing and private enterprise—but only through investments that protect contributors, generate competitive returns and remain free from political interference.
ET&A Research · 5 August 2026
Nigeria’s stock market has delivered stronger trading activity and substantial gains, but foreign participation remains limited. Restoring international interest will require more than attractive valuations: investors need confidence in currency convertibility, liquidity, governance and the availability of companies large enough to invest in.
ET&A Research · 5 August 2026
Nigeria’s banking recapitalisation has produced larger capital bases and stronger buffers against financial shocks. The more important question is whether that additional capital will translate into productive lending, better technology and more resilient institutions—or merely make banks larger in nominal terms.
ET&A Research · 5 August 2026
Nigeria possesses the population, resources and entrepreneurial capacity to become a major manufacturing economy. However, global competitiveness will depend on whether the country can convert these advantages into reliable energy, productive labour, efficient logistics and a credible long-term industrial policy.
ET&A Research · 2 August 2026
Tesla delivered a sharp recovery in vehicle volumes and revenue during the second quarter of 2026. However, declining margins, rising expenditure and negative free cash flow suggest that the company’s growth is becoming increasingly expensive.
ET&A Research · 2 August 2026
Boeing is delivering more aircraft, generating cash again and gradually rebuilding regulatory confidence. However, persistent losses, programme delays, quality failures and a weakened balance sheet mean its recovery remains far from complete.
ET&A Research · 30 July 2026
Toyota has frequently been criticised for moving too slowly towards fully electric vehicles. Yet its dominance in hybrids, enormous manufacturing scale and ability to invest across several technologies may prove well suited to an electrification transition that is becoming more fragmented, regional and uncertain.
ET&A Research · 30 July 2026
