Nigeria’s currency, the Naira, gained against the US Dollar on Tuesday at the official foreign exchange market.
Official data from FMDQ disclosed that the Naira appreciated to N806.73/$1 on Tuesday from N837.77/$1 on Monday.
This represents a N31.04 increase in the local currency compared to the N837.77/$1 it closed on Monday.
The appreciation represents the second time the Country’s currency has been strengthened this week.
The development comes as forex turnover at the close of trading on Monday stood at $73.94 million, representing a 32.87% growth compared to the previous day.
But the Naira depreciated marginally at the parallel market, exchanging at N1170/$1 on Tuesday from N1165/$1 the previous day.
