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Dutch Auction

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Auction No88 held on 11/19/2008
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 813,313,095.97
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 No87 held on 11/17/2008
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 825,000,000.00
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 No86 held on 11/12/2008
Total Amount OfferedUS$ 250,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 422,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks17
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Auction No85 held on 11/10/2008
Total Amount OfferedUS$ 70,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 502,000,000.00
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 No84 held on 11/5/2008
Total Amount OfferedUS$ 70,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 66,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks8
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Auction No83 held on 11/3/2008
Total Amount OfferedUS$ 70,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 107,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks12
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Auction No82 held on 10/29/2008
Total Amount OfferedUS$ 60,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 335,000,000.00
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 No81 held on 10/27/2008
Total Amount OfferedUS$ 60,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 892,000,000.00
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 No80 held on 10/22/2008
Total Amount OfferedUS$ 60,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 523,000,000.00
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 No79 held on 10/20/2008
Total Amount OfferedUS$ 60,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 348,000,000.00
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
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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