Lagos - The naira on Tuesday firmed up against the US dollars in the foreign exchange market.
It gained N0.05k to close at N159.05 a dollar compared to N159.10 on Monday, reports BusinessDay.
What accounted for the gain was the supply of the greenback by the Central Bank of Nigeria (CBN).
The bank had on Monday offered $300 million but sold $295.9 million to 20 deposit money banks at its bi-weekly Retail Dutch Auction System (RDAS) at N155.7 a dollar.
However, the local currency eased against the dollar at the Nigerian Inter-Bank Foreign Exchange (NIFEX).
It lost 12 kobo to close at N159.1625 from N159.0400 to a dollar on Monday.
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