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Dutch Auction

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Auction No40 held on 7/26/2006
Total Amount OfferedUS$ 50,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 106,848,461.12
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 No39 held on 7/24/2006
Total Amount OfferedUS$ 80,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 48,475,715.68
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks14
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Auction No37 held on 7/17/2006
Total Amount OfferedUS$ 80,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 81,702,327.57
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 No36 held on 7/12/2006
Total Amount OfferedUS$ 50,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 46,770,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks14
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Auction No35 held on 7/10/2006
Total Amount OfferedUS$ 50,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 52,374,848.21
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks13
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Auction No34 held on 7/5/2006
Total Amount OfferedUS$ 50,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 29,460,088.83
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks10
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Auction No32 held on 6/28/2006
Total Amount OfferedUS$ 100,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 73,250,000.00
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 No31 held on 6/26/2006
Total Amount OfferedUS$ 20,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 7,500,000.00
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 No30 held on 6/21/2006
Total Amount OfferedUS$ 30,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 5,428,766.60
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 No29 held on 6/19/2006
Total Amount OfferedUS$ 50,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 35,396,057.58
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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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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