The Nigerian Naira showed resilience on Friday morning, February 13, 2026 against the US Dollar, opening at 1,356.33 per dollar at the official market.
Early trading signalled a calm end to the week, with no sharp swings recorded. By mid-morning, the currency strengthened slightly to 1,355.58 against the dollar.
The marginal gain reinforced confidence that the Naira is consolidating comfortably within the 1,350 to 1,360 range.
Calm Trading at Official Window
Activity at the Nigerian Foreign Exchange Market reflected balanced demand and supply. Dealers described the session as orderly, with limited speculative pressure.
Analysts attributed the relative stability to the Central Bank of Nigeria’s ongoing liquidity measures.
The Electronic Foreign Exchange Matching System has continued to improve transaction efficiency and transparency.
Experts also pointed to the apex bank’s renewed collaboration with Bureau De Change operators.
This approach has widened retail access to foreign currency and reduced strain on the main trading window.
Parallel Market Mirrors Stability
The informal market echoed the steady mood seen at the official window. In commercial centres such as Lagos and Abuja, the dollar exchanged between 1,425 and 1,440.
Traders observed that the typical rush associated with weekend demand was largely absent. Increased access to dollars through approved BDC channels discouraged panic-driven purchases.
Consequently, the spread between official and parallel rates remained manageable. The narrower gap has brought a degree of certainty for small businesses and individual buyers.
Friday’s Exchange Snapshot
Official opening rate: 1,356.33 per dollar
Mid-morning official rate: 1,355.58 per dollar
Parallel market range: 1,425 – 1,440 per dollar
As trading heads towards the closing bell, market watchers expect the Naira to sustain its current footing. Attention now turns to end-of-day figures, which will shape sentiment for the new trading week.
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