The Nigerian Naira maintained a steady outlook in opposition to america Greenback in the course of the Friday morning buying and selling session on February 13, 2026. Because the market enters the ultimate session of the week, the native foreign money continues to profit from a constant coverage surroundings and the Central Financial institution of Nigeria’s (CBN) latest initiatives to spice up retail greenback provide.
Official Market Developments
Within the Nigerian Overseas Alternate Market (NFEM), the Naira opened the day at roughly 1,356.33 per greenback. Following the preliminary trades, the speed confirmed minor fluctuations, settling at a mid-morning common of 1,355.58.
This efficiency marks a slight intraday appreciation and demonstrates the foreign money’s capability to consolidate inside the 1,350 to 1,360 vary. Monetary specialists recommend that the regular charges are a results of the Digital Overseas Alternate Matching System (EFEMS) efficiently pairing demand with obtainable provide, alongside the optimistic influence of the CBN’s latest re-engagement with Bureau De Change (BDC) operators to deal with retail-end transactions.
Parallel Market Efficiency
The parallel market, or “black market,” has remained largely range-bound this Friday, mirroring the soundness of the official window. In main business hubs like Lagos and Abuja, the greenback is being traded between 1,425 and 1,440.
Merchants report that the “weekend impact,” which generally results in elevated demand and worth spikes, has been muted at present. The supply of {dollars} by official BDC channels has discouraged the frantic speculative shopping for that usually drives casual charges larger. In consequence, the unfold between the NFEM and the parallel market has remained comparatively slim, fostering a way of predictability for small-scale importers and particular person patrons.
Abstract of Charges for February 13
- NFEM (Official) Opening: 1,356.33
- NFEM (Official) Present: 1,355.58
- Parallel Market Vary: 1,425 – 1,440
Because the week involves a detailed, the Naira seems to be in a powerful place to hold its present momentum into the mid-month interval. Market watchers might be wanting on the ultimate closing figures this night to evaluate the foreign money’s resilience forward of the Monday morning open.
The publish Dollar to Naira exchange rate today, February 13, 2026 appeared first on Vanguard News.
