The rise in Nigeria’s crude oil price has spiked the Expected Open Market Price of Premium Motor Spirit, popularly known as petrol, leading to a sharp increase in the amount spent on subsidy. Data obtained in Abuja on Tuesday showed that Brent, the commodity for which Nigeria’s crude was priced, appreciated by $0.54 to $64.17 per barrel. Our correspondent also gathered that crude in the Organisation of Petroleum Exporting Countries basket increased in price by $1.46 to $63.68 per barrel. …