President Muhammadu Buhari, on Wednesday had a closed door meeting with the group managing director of the Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, at the Presidential Villa, Abuja.
The agenda of the meeting yet was unknown.
The meeting came amidst the escalating tension between the United States and Iran following the killing of an Iranian General Qassem Soleimani last week and the subsequent retaliatory attacks on military bases housing American troops in Iraq.
Consequently, Brent crude, the global benchmark, gained 2.4 per cent to reach $70.24 per barrel on Monday, the first time prices have hit that amount in more than seven months.
It was also gathered that the president would meet with the minister of state for petroleum resources, Mr. Timipre Sylva, later on Wednesday.
