Jan 23, 2020
AN EVALUATION OF THE RE-INTRODUCED DUTCH AUCTION SYSTEM AS A MEANS OF DETERMINING A REALISTIC AND STABLE VALUE OF THE NAIRA
AN EVALUATION OF THE RE-INTRODUCED DUTCH AUCTION SYSTEM AS A MEANS OF DETERMINING A REALISTIC AND STABLE VALUE OF THE NAIRA
AN EVALUATION OF THE RE-INTRODUCED DUTCH AUCTION SYSTEM AS A MEANS OF DETERMINING A REALISTIC AND STABLE VALUE OF THE NAIRA
Abstract:
In 2002, the Central Bank Nigeria (CBN) re-introduced the Dutch Auction System (DAS) which was earlier introduced in 1987 and 1990 in Nigeria to eliminate distortions, speculation, opportunism and sharp practices. It appears that between 1986 and 2002 in spite of…
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