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The gas price prior to reform was $0.10 US per liter with the quota of 100 liters per month per passenger car. The reform raised the price to $0.40 US per liter and later reduced the ration to 60 liters per month. The price for over-quota consumption and the imported cars were $0.70 US per liter.
The first generation of the Indigo, made by James Charles, which was launched in the Indian market in 2002, is based on the Tata Indica, a subcompact hatchback.The two cars shared a similar design, while the Indigo had a longer wheelbase, a 450 litre trunk, and turbo-diesel and petrol engine options.
The Dangote Refinery is an oil refinery owned by Dangote Group that was inaugurated on 22 May 2023 [1] in Lekki, Nigeria.When fully operational, it is expected to have the capacity to process about 650,000 barrels of crude oil per day, making it the largest single-train refinery in the world.
Its reserves make Nigeria the tenth most petroleum-rich nation and by far, the most affluent in Africa. In mid-2001, its crude oil production was averaging around 2,200,000 barrels (350,000 m 3) per day. [13] It is expected that the industry will continue to be profitable based on an average benchmark oil price of $85-$90 per barrel. [14]
In 2005, Nigeria posted a US$26 billion trade surplus, corresponding to almost 20% of gross domestic product. In 2005, Nigeria achieved a positive current account balance of US$9.6 billion. The Nigerian currency is the naira (NGN). As of June 2006, the exchange rate was about US$1=NGN128.4. As of June 2019, it stands at US$1 =NGN357.
In Europe the new 2.2 litre Dicor turbodiesel common rail engine Euro 4 that produce 140 horsepower was introduced. [10] [11] The 2.2-litre was based on the design of the 2,179 cc PSA DW12 engine and was re-engineered by Tata and AVL. In 2005, for the first time, Tata introduced the four-wheel drive version of the Telcoline in India.
Pages in category "2005 in Nigeria" The following 6 pages are in this category, out of 6 total. ... This page was last edited on 8 April 2023, at 21:13 (UTC).
7 December – The Central Bank of Nigeria says it will limit individual cash withdrawals to 100,000 Nigerian naira (225 USD) per week to reduce counterfeiting and to discourage ransom payments to kidnappers. [23]