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Auction No54 held on 7/16/2012
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 200,000,000.00
Total Amount SoldUS$ 200,000,000.00
Highest Successfull Bid RateUS$ 156.00
Lowest Bid Rate155.87
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 155.87
Number of Banks21
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Auction No53 held on 7/11/2012
Total Amount OfferedUS$ 180,000,000.00
Total Amount DemandedUS$ 180,000,000.00
Total Amount SoldUS$ 180,000,000.00
Highest Successfull Bid RateUS$ 156.90
Lowest Bid Rate156.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 155.87
Number of Banks17
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Auction No52 held on 7/9/2012
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 163,525,279.58
Total Amount SoldUS$ 163,525,279.58
Highest Successfull Bid RateUS$ 156.03
Lowest Bid Rate155.87
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 155.87
Number of Banks16
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Auction No51 held on 7/4/2012
Total Amount OfferedUS$ 300,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 251,094,439.83
Highest Successfull Bid RateUS$ 156.06
Lowest Bid Rate155.90
No. of Successful17
No. of Unsuccessful0
Marginal BidUS$ 155.90
Number of Banks17
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Auction No50 held on 7/2/2012
Total Amount OfferedUS$ 350,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 350,000,000.00
Highest Successfull Bid RateUS$ 156.11
Lowest Bid Rate155.93
No. of Successful20
No. of Unsuccessful0
Marginal BidUS$ 155.93
Number of Banks20
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Auction No49 held on 6/27/2012
Total Amount OfferedUS$ 350,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 350,000,000.00
Highest Successfull Bid RateUS$ 156.00
Lowest Bid Rate155.91
No. of Successful18
No. of Unsuccessful1
Marginal BidUS$ 15.93
Number of Banks19
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Auction No48 held on 6/25/2012
Total Amount OfferedUS$ 350,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 350,000,000.00
Highest Successfull Bid RateUS$ 156.09
Lowest Bid Rate155.90
No. of Successful21
No. of Unsuccessful0
Marginal BidUS$ 155.90
Number of Banks21
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Auction No47 held on 6/20/2012
Total Amount OfferedUS$ 350,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 350,000,000.00
Highest Successfull Bid RateUS$ 156.00
Lowest Bid Rate155.90
No. of Successful20
No. of Unsuccessful0
Marginal BidUS$ 155.90
Number of Banks20
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Auction No46 held on 6/18/2012
Total Amount OfferedUS$ 400,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 400,000,000.00
Highest Successfull Bid RateUS$ 156.00
Lowest Bid Rate155.90
No. of Successful18
No. of Unsuccessful0
Marginal BidUS$ 155.90
Number of Banks18
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Auction No45 held on 6/13/2012
Total Amount OfferedUS$ 400,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 400,000,000.00
Highest Successfull Bid RateUS$ 156.02
Lowest Bid Rate155.90
No. of Successful18
No. of Unsuccessful0
Marginal BidUS$ 155.90
Number of Banks18
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Facts : 1/1/1900
Operation Feed the Nation (O.F.N.):Operation Feed the Nation was introduced by the federal military government headed by General Olusegun Obasanjo in 1979.It had the specific focus of increasing food production on the premise that availability of cheap food would ensure a higher nutrition level and invariably lead to national growth and development.OFN lasted till the civilian government of Alhaji Shehu Shagari in 1979.
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