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Auction No34 held on 5/7/2012
Total Amount OfferedUS$ 120,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 120,000,000.00
Highest Successfull Bid RateUS$ 155.87
Lowest Bid Rate155.71
No. of Successful15
No. of Unsuccessful2
Marginal BidUS$ 155.75
Number of Banks17
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Auction No33 held on 5/2/2012
Total Amount OfferedUS$ 150,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 150,000,000.00
Highest Successfull Bid RateUS$ 155.80
Lowest Bid Rate155.69
No. of Successful15
No. of Unsuccessful0
Marginal BidUS$ 155.69
Number of Banks15
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Auction No32 held on 4/30/2012
Total Amount OfferedUS$ 120,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 120,000,000.00
Highest Successfull Bid RateUS$ 155.80
Lowest Bid Rate155.69
No. of Successful19
No. of Unsuccessful0
Marginal BidUS$ 155.69
Number of Banks19
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Auction No31 held on 4/25/2012
Total Amount OfferedUS$ 120,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 110,500,000.00
Highest Successfull Bid RateUS$ 155.84
Lowest Bid Rate155.65
No. of Successful11
No. of Unsuccessful0
Marginal BidUS$ 155.65
Number of Banks11
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Auction No30 held on 4/23/2012
Total Amount OfferedUS$ 120,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 120,000,000.00
Highest Successfull Bid RateUS$ 155.94
Lowest Bid Rate155.71
No. of Successful13
No. of Unsuccessful1
Marginal BidUS$ 155.75
Number of Banks14
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Auction No29 held on 4/18/2012
Total Amount OfferedUS$ 120,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 120,000,000.00
Highest Successfull Bid RateUS$ 155.94
Lowest Bid Rate155.72
No. of Successful17
No. of Unsuccessful1
Marginal BidUS$ 155.75
Number of Banks18
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Auction No28 held on 4/16/2012
Total Amount OfferedUS$ 150,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 150,000,000.00
Highest Successfull Bid RateUS$ 156.05
Lowest Bid Rate155.69
No. of Successful12
No. of Unsuccessful0
Marginal BidUS$ 155.69
Number of Banks12
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Auction No27 held on 4/11/2012
Total Amount OfferedUS$ 150,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 150,000,000.00
Highest Successfull Bid RateUS$ 156.00
Lowest Bid Rate155.80
No. of Successful14
No. of Unsuccessful0
Marginal BidUS$ 155.80
Number of Banks14
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Auction No26 held on 4/4/2012
Total Amount OfferedUS$ 150,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 150,000,000.00
Highest Successfull Bid RateUS$ 156.05
Lowest Bid Rate155.90
No. of Successful16
No. of Unsuccessful0
Marginal BidUS$ 155.90
Number of Banks16
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Auction No25 held on 4/2/2012
Total Amount OfferedUS$ 150,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 100,016,142.62
Highest Successfull Bid RateUS$ 156.09
Lowest Bid Rate155.50
No. of Successful13
No. of Unsuccessful1
Marginal BidUS$ 155.90
Number of Banks14
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Facts : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
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