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Dutch Auction

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Auction No8 held on 2/5/2007
Total Amount OfferedUS$ 100,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 135,223,192.31
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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Auction No7 held on 1/31/2007
Total Amount OfferedUS$ 80,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 165,892,123.49
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks17
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Auction No6 held on 1/24/2007
Total Amount OfferedUS$ 80,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 34,447,887.92
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 No5 held on 1/22/2007
Total Amount OfferedUS$ 100,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 35,078,147.51
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 No4 held on 1/17/2007
Total Amount OfferedUS$ 80,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 40,541,166.98
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 No3 held on 1/15/2007
Total Amount OfferedUS$ 80,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 150,457,683.62
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 No2 held on 1/10/2007
Total Amount OfferedUS$ 80,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 96,926,957.85
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 No1 held on 1/8/2007
Total Amount OfferedUS$ 100,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 164,850,000.00
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 No80 held on 12/20/2006
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 200,000,000.00
Total Amount SoldUS$ 247,575,143.30
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks20
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Auction No79 held on 12/18/2006
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 218,262,757.55
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks20
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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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