MorganCapital group
Research

Independent research, written to be acted on.

Our desk covers the names, sectors and instruments that matter on the Nigerian Exchange — equities, fixed income and the macro backdrop — and turns them into clear, timely views you can put to work in your portfolio.

market report
Daily
market review
Weekly
track record
Quarterly
analyst access
On call
What we publish

Regular, dated, and on the record.

  • Daily market report

    Every trading day

    Published to clients through the platform and the dealing desk.

  • Weekly market review

    Every Monday

    Published to clients through the platform and the dealing desk.

  • Stock recommendations

    On coverage changes

    Published to clients through the platform and the dealing desk.

  • Special reports

    Thematic

    Published to clients through the platform and the dealing desk.

  • Company reports

    Results season

    Published to clients through the platform and the dealing desk.

  • Track record

    Quarterly

    Published to clients through the platform and the dealing desk.

HOUSE VIEW

Where we stand today.

Equities
Constructive

Blue chips supported by strong earnings and attractive dividend yields.

Fixed income
Selective

Value at the mid-curve; laddering favoured as policy normalises.

FX
Watchful

Reforms improving liquidity; we track reserves and inflow trends closely.

The house view is a summary of our current positioning and is not personal investment advice. Markets carry risk; past performance is not a guide to the future.

PUBLICATIONS

What we publish.

EquityWeekly
NGX Equity Watch

A weekly read on the All-Share Index, sector rotation, top movers and the names on our buy/hold/sell list — with entry and exit levels.

Fixed incomeWeekly
Rates & Yields Monitor

FGN bonds, NTB and OMO auction results, the yield curve, and where we see value across tenors as the CBN steers policy.

MacroMonthly
Nigeria Macro Digest

Inflation, FX, reserves, oil and GDP — what the data means for the market and for your portfolio, distilled into a two-page brief.

Primary marketPer offer
IPO & Offer Notes

Independent analysis of every primary offer we bring to market — valuation, use of proceeds, risks and our subscription view.

SectorQuarterly
Sector Deep Dives

Banking, cement, telcos, consumer and energy — earnings quality, competitive position and the stocks best placed to compound.

EarningsEarnings season
Results Reviews

Rapid takes on quarterly and full-year results from the names we cover, with revised estimates and target prices.

COVERAGE

What we cover.

From the banks that anchor the index to the sovereign curve, our coverage spans the instruments Nigerian investors actually hold.

Banking
Cement & Building
Telecoms
Consumer Goods
Oil & Gas
Agriculture
Insurance
Industrials
FGN Bonds
Treasury Bills
Corporate Debt
Eurobonds

Read the desk’s latest views.

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Research — Morgan Capital · Morgan Capital