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Dutch Auction

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Auction No18 held on 3/5/2008
Total Amount OfferedUS$ 50,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 18,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks16
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Auction No17 held on 3/3/2008
Total Amount OfferedUS$ 0.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 14,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks7
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Auction No16 held on 2/27/2008
Total Amount OfferedUS$ 0.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 10,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks5
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Auction No15 held on 2/25/2008
Total Amount OfferedUS$ 0.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 14,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks7
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Auction No14 held on 2/20/2008
Total Amount OfferedUS$ 0.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 10,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks6
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Auction No13 held on 2/18/2008
Total Amount OfferedUS$ 0.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 9,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks5
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Auction No12 held on 2/13/2008
Total Amount OfferedUS$ 0.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 8,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks4
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Auction No11 held on 2/11/2008
Total Amount OfferedUS$ 0.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 4,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks2
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Auction No10 held on 2/6/2008
Total Amount OfferedUS$ 50,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 0.00
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 No9 held on 2/4/2008
Total Amount OfferedUS$ 50,000,000.00
Total Amount DemandedUS$ 10,000,000.00
Total Amount SoldUS$ 10,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks9
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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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