The Nigerian currency, naira has made its first gain against the US dollar on the foreign exchange market on Tuesday as Foreign Exchange transaction turnover rose.
Figures from FMDQ showed that the naira appreciated N2.33 at N1594.27 per dollar on Tuesday from N1596.60 exchanged on Monday.
At the parallel market, also known as black market, the naira remained N1620 per dollar on Tuesday, the same as on Monday.
This follows as foreign exchange transaction turnover increased to $156.94 million on Tuesday from $102.93 million on Monday.
TMY Newspapers recalls that the Central Bank of Nigeria on Monday raised the Standing Lending Facility rate to 31.75 per cent to boost stability within the financial sector.
