Tellimer Research

Two decades ago, I was a precocious new political analyst in Shell’s scenario planning team. My colleague Janet Ogunkoya argues that Africa, which relies on international oil companies (IOCs, also known as oil majors or supermajors) more than other r...

We previously wrote on how Nigeria banks are pursuing holding company structures (holdcos), to access new markets where they have strong competitive advantages. However, holdcos tend to have increased regulatory scrutiny, too, as, depending on their ...

Indonesian e-commerce company Bukalapak's US$1.5bn IPO is set to trade on 6 August. Is Bukalapak’s valuation defendable? Bukalapak is priced at a massive premium to its bigger rivals Tokopedia and Alibaba. The company is priced at 47x FY 21 P/Sales (...

Iran inaugurated an oil pipeline that circumvents the Strait of Hormuz on 22 July. Assuming there is ultimately progress on negotiations with the US over the nuclear deal, this modestly reduces the risk to long-term global oil supply and, from an Ira...

Bloomberg reports that Beijing is likely to impose more severe sanctions on Chinese ride-hailing giant Didi than it did on Alibaba, which was hit by a US$2.8bn fine. For this latter group of investors, we have compiled lists of alternative investment...

Public debt has risen around the world in response to Covid, due to widening budget deficits as governments have faced higher spending needs amid lower revenues. The pessimistic argument is that: compared with emerging markets (EM), which saw an even...