BRENT crude on Wednesday rose above $57 a barrel for the first time in almost a year thanks to Saudi Arabia’s decision to cut an additional one million bpd in production in February and March as the collective non-member countries of the Organisation of Petroleum Exporting Countries’ (OPEC+) effort to control prices appeared to not be effective enough for the Kingdom. Nigeria, Africa’s major oil producer, depends on earnings from oil to finance its N13.588 trillion budget for this year. The budget has a benchmark oil price of $40 per barrel; daily oil production estimate of 1.86 million barrels (inclusive