The development is believed to have been caused by the decision of the Central Bank of Nigeria (CBN) to change its foreign exchange (Forex) supply rules.

The CBN, on Monday, announced that it would supply forex to both large and minimal consumers.

ALSO READ: CBN Governor, Emefiele will need Jesus to keep his job

The naira also gained against the Pound Sterling which traded at 645 a day earlier but slipped to 610 and the Euro which dropped from N537 to N507 at the end of trading.