President Buhari Holds Closed Door Meeting With NNPC Boss As Oil Prices Rise

The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mela Kyari, was seen today at the Presidential Villa, Abuja.

Naija News learnt that President Muhammadu Buhari met with the NNPC Boss behind closed doors with the agenda of the meeting yet unknown as at the time of filing this report.

However, it will be recalled that the meeting came amidst the escalating tension between the United States and Iran following the killing of an Iranian commander last week and the subsequent retaliatory attacks on military bases housing American troops in Iraq.

The President, who equally serves as Minister of Petroleum Resources, would also be meeting with the Minister of State, Petroleum Resources, Mr Timipre Sylva, later on Wednesday.

Brent crude, the global benchmark, gained 2.4% to reach $70.24 per barrel on Monday, the first time prices have hit that amount in more than seven months.