The Naira gained 0.16 percent, or 67 kobo, versus the US dollar in the Investors and Exporters (I&E) section of the foreign currency market.
Data from FMDQ securities showed the domestic currency went for N416.00/$1 as against N416.67/$1 it was transacted at the previous trading day.
Naira increased in value as forex supply increased by 24 per cent or $18.39 to $95.17 million compared with the $76.78 million on Monday.
However, against the British Pounds Sterling, and EURO it was a poor performance for Naira data from CBN website showed.
According to CBN, Naira depreciated by N1.29 on Tuesday to close at N563.85/£1 in contrast to N562.56/£1, it was exchanged a day earlier.
Equally, the Naira lost N1.54 against the Euro on Tuesday to sell for N472.39/€1 compared with N470.85/€1 it was traded on Monday.
While at the black market, Naira continued its free fall to the US dollar.
Traders confirmed that Naira depreciated by N2 to trade at N577/$1 in contrast to N575/$1 it was exchanged at the last session.