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Dutch Auction

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Auction No40 held on 7/26/2006
Total Amount OfferedUS$ 50,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 106,848,461.12
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks21
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Auction No39 held on 7/24/2006
Total Amount OfferedUS$ 80,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 48,475,715.68
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks14
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Auction No37 held on 7/17/2006
Total Amount OfferedUS$ 80,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 81,702,327.57
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks16
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Auction No36 held on 7/12/2006
Total Amount OfferedUS$ 50,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 46,770,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks14
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Auction No35 held on 7/10/2006
Total Amount OfferedUS$ 50,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 52,374,848.21
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks13
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Auction No34 held on 7/5/2006
Total Amount OfferedUS$ 50,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 29,460,088.83
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks10
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Auction No32 held on 6/28/2006
Total Amount OfferedUS$ 100,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 73,250,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks15
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Auction No31 held on 6/26/2006
Total Amount OfferedUS$ 20,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 7,500,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks7
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Auction No30 held on 6/21/2006
Total Amount OfferedUS$ 30,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 5,428,766.60
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks9
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Auction No29 held on 6/19/2006
Total Amount OfferedUS$ 50,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 35,396,057.58
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks12
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Facts : 1/1/1900
Federal Ministry of Finance:The Federal Ministry of Finance (FMF) advises the Federal Government on its fiscal operations and collaborates with the Central Bank of Nigeria (CBN) on monetary matters. Before 1991, the responsibility for the supervision and licensing of banks was shared between FMF and CBN until 1991 when CBN became the sole authority.
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