On Tuesday, the Naira gained 0.16 percent, or 67 kobo, versus the US dollar in the Investors and Exporters (I&E) section of the foreign currency market, IgbereTV reports.
Data from FMDQ securities showed the domestic currency went for N416.00/$1 as against N416.67/$1 it was transacted at the previous trading day.
Naira increased in value as forex supply increased by 24 per cent or $18.39 to $95.17 million compared with the $76.78 million on Monday.
However, against the British Pounds Sterling, and EURO it was a poor performance for Naira data from CBN website showed.
According to CBN, Naira depreciated by N1.29 on Tuesday to close at N563.85/£1 in contrast to N562.56/£1, it was exchanged a day earlier.
Equally, the Naira lost N1.54 against the Euro on Tuesday to sell for N472.39/€1 compared with N470.85/€1 it was traded on Monday.
While at the black market, Naira continued its free fall to the US dollar.
Traders confirmed to Ripples Nigeria that Naira depreciated by N2 to trade at N577/$1 in contrast to N575/$1 it was exchanged at the last session
