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Dutch Auction

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Auction No14 held on 2/19/2010
Total Amount OfferedUS$ 150,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 150,000,000.00
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 No13 held on 2/15/2010
Total Amount OfferedUS$ 250,000,000.00
Total Amount DemandedUS$ 206,304,724.53
Total Amount SoldUS$ 250,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks19
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Auction No12 held on 2/10/2010
Total Amount OfferedUS$ 250,000,000.00
Total Amount DemandedUS$ 218,048,165.78
Total Amount SoldUS$ 250,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks23
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Auction No11 held on 2/8/2010
Total Amount OfferedUS$ 250,000,000.00
Total Amount DemandedUS$ 257,276,534.96
Total Amount SoldUS$ 250,000,000.00
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 No10 held on 2/3/2010
Total Amount OfferedUS$ 300,000,000.00
Total Amount DemandedUS$ 316,273,773.54
Total Amount SoldUS$ 300,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks23
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Auction No9 held on 2/1/2010
Total Amount OfferedUS$ 250,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 250,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks23
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Auction No8 held on 1/27/2010
Total Amount OfferedUS$ 250,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 250,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks23
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Auction No7 held on 1/25/2010
Total Amount OfferedUS$ 150,000,000.00
Total Amount DemandedUS$ 318,924,124.08
Total Amount SoldUS$ 150,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks22
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Auction No6 held on 1/20/2010
Total Amount OfferedUS$ 150,000,000.00
Total Amount DemandedUS$ 182,405,154.96
Total Amount SoldUS$ 150,000,000.00
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 No5 held on 1/18/2010
Total Amount OfferedUS$ 350,000,000.00
Total Amount DemandedUS$ 356,350,053.64
Total Amount SoldUS$ 350,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks22
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Facts : 1/1/1900
NEEDS:National Economic Empowerment and Development Strategy was developed by the National Planning Commission, then headed by Prof Charles Soludo. It was endorsed by the Federal Executive Council of Nigeria as a poverty-alleviating strategy. The aim of the scheme was to meet the Millenium Developoment Goals of curbing the menace of poverty in Nigeria and bringing it to the barest minimum by the year 2015.
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