US-Iran crisis: Buhari meets NNPC GMD as oil prices rise

The President, Major General Muhammadu Buhari (retd.), on Wednesday met behind closed doors with the Group Managing Director of the Nigeria National Petroleum Corporation, Mela Kyari, at the Presidential Villa, Abuja.

The News Agency of Nigeriareports that the agenda of the meeting was unknown as of the time of filing this report.

NANreports 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.

NANalso reports that 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.

(NAN)

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