Research & Analysis
Institutional-grade research on Nigerian equities, frontier markets, currencies and global macro.
Private equity and venture capital both invest in businesses, but they operate at very different stages and pursue different types of growth. Understanding the distinction helps explain how investors create value, manage risk and generate returns.
ET&A Research · 24 July 2026
Tesla remains one of the market’s most divisive companies, with its valuation shaped as much by future ambitions as current performance. The bull case sees a technology platform in the making; the bear case sees a carmaker priced for perfection.
ET&A Research · 24 July 2026
Microsoft has emerged as one of the clearest beneficiaries of the AI boom, but the real question is whether AI can become a durable new growth engine—or simply strengthen the company’s existing businesses.
ET&A Research · 24 July 2026
Margins show how much of a company’s revenue is left after covering its costs. Learning to read them helps investors understand profitability, efficiency and the quality of a business.
ET&A Research · 24 July 2026
Apple remains one of the world’s most profitable companies, but its next phase of growth is becoming harder to define. The challenge is no longer whether Apple can keep earning, but whether it can create the next major product or platform to break through its current ceiling.
ET&A Research · 24 July 2026
Rather than betting on which AI company will win, the picks-and-shovels approach focuses on the businesses supplying the infrastructure behind the boom—from chips and data centres to power, memory and cooling.
ET&A Research · 24 July 2026
EV and EBITDA are two of the most important figures in company valuation. Together, they help investors compare businesses beyond share price alone.
ET&A Research · 24 July 2026
Once viewed as specialist technology facilities, data centres are increasingly becoming essential infrastructure. Rising demand for cloud computing and AI is turning them into a long-term asset class for investors.
ET&A Research · 24 July 2026
As artificial intelligence scales, the next constraint may not be chips, but the infrastructure around them. Power, memory, storage and cooling are emerging as the new battlegrounds of the AI economy.
Aako Ugbabe · 24 July 2026
