For the first since last week, the naira appreciated marginally against the US dollar on Tuesday at the foreign exchange market.
Data from FMDQ showed that the naira appreciated 1,551.24 per US dollar on Tuesday from N1,574.62 traded on Monday.
This represents N23.38 or 1.5 per cent gain compared to the N1,574.62 recorded at the close of trading on Monday.
DAILY POST recalls that the last time the naira appreciated was last Thursday when it traded for N1,498.25 per US dollar.
Meanwhile, at the parallel market, the naira dropped to N1,740 on Tuesday from N1,660 per US dollar on Monday.
The development comes barely 24 hours after a clampdown on illegal Bureau De Change operators by officials of the Economic and Financial Crime Commission, EFCC, in Wuse Zone 4.
On Tuesday, the anti-graft agency said it arrested six persons in Lagos over alleged involvement in currency racketeering and selling of new naira notes for commercial purposes.
DAILY POST recalls that in the past weeks, the Central Bank of Nigeria has introduced several policies to checkmate the continued fluctuations of the naira in the FX market.
The latest policies by CBN were the new guidelines issued to stop the payout of Personal Travel Allowance, PTA, and Business Travel Allowance, BTA, in cash.
Also, the apex bank stopped international oil companies, IOCs, operating in Nigeria from repatriating 100 per cent of their forex revenue.
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