• IMF leaves Nigeria’s 2026 growth forecast at 4.1% and 4.3% for 2027

•S&P Dow Jones may reclassify Nigeria as frontier market

Emmanuel Addeh in Abuja and Nume Ekeghe in Lagos

Crude Oil prices jumped over 8 percent yesterday, hitting over a two-week high, after U.S. President Donald Trump declared that the Memorandum of Understanding (MoU) signed with Iran to end the Gulf conflict was over.

Trump warned Iran that the US will likely engage in additional strikes last night (Wednesday) after attacks the previous day, adding that the country might take over Kharg Island as well.