Research & Analysis

Insights

Institutional-grade research on Nigerian equities, frontier markets, currencies and global macro.

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INSIGHTAfrica & Emerging MarketsInsight

Ghana After the Debt Crisis: Has the Investment Case Fundamentally Changed?

Ghana has moved from sovereign default and currency instability to stronger growth, lower inflation and improving fiscal balances. Yet the crisis has permanently changed how investors should assess the country: opportunity remains, but credibility, currency exposure and cash-flow resilience now matter far more than the headline growth rate.

ET&A Research · 6 August 2026 · 10 min read

INSIGHTMarkets and EconomicsInsight

How Asset Managers Make Money and What Can Disrupt Them

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

INSIGHTInvestment Fundamentals

How to Know What to Invest In

You do not need to predict the future or discover an unknown company to become a successful investor. Often, the best investment ideas begin by paying closer attention to the businesses, products and services already shaping everyday life.

ET&A Research · 5 August 2026 · 7 min read

INSIGHTMarkets and EconomicsInsight

How Commodity Prices Move Mining Company Shares

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

INSIGHTMarkets and EconomicsInsight

Gold: Portfolio Insurance or an Expensive Momentum Trade?

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

INSIGHTAfrica & Emerging MarketsInsight

Nigeria, Kenya, Egypt and South Africa: Four African Investment Cases

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 · 11 min read

INSIGHTAfrica & Emerging MarketsInsight

Can Nigeria Turn Pension Capital into Productive Investment?

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 · 10 min read

INSIGHTAfrica & Emerging MarketsInsight

What Would Bring Foreign Investors Back to the NGX?

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 · 11 min read

INSIGHTAfrica & Emerging MarketsInsight

Nigerian Banks After Recapitalisation: Stronger Institutions or Simply Bigger Balance Sheets?

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 · 10 min read