The Nigerian Naira maintained a stable outlook against the United States Dollar during the Friday morning trading session on February 13, 2026. As the market enters the final session of the week, the local currency continues to benefit from a consistent policy environment and the Central Bank of Nigeria’s (CBN) recent initiatives to boost retail dollar supply.
Official Market Trends
In the Nigerian Foreign Exchange Market (NFEM), the Naira opened the day at approximately 1,356.33 per dollar. Following the initial trades, the rate showed minor fluctuations, settling at a mid-morning average of 1,355.58.
This performance marks a slight intraday appreciation and demonstrates the currency’s ability to consolidate within the 1,350 to 1,360 range. Financial experts suggest that the steady rates are a result of the Electronic Foreign Exchange Matching System (EFEMS) successfully pairing demand with available supply, alongside the positive impact of the CBN’s recent re-engagement with Bureau De Change (BDC) operators to handle retail-end transactions.
Parallel Market Performance
The parallel market, or “black market,” has remained largely range-bound this Friday, mirroring the stability of the official window. In major commercial hubs like Lagos and Abuja, the dollar is being traded between 1,425 and 1,440.
Traders report that the “weekend effect,” which sometimes leads to increased demand and price spikes, has been muted today. The availability of dollars through official BDC channels has discouraged the frantic speculative buying that often drives informal rates higher. As a result, the spread between the NFEM and the parallel market has remained relatively narrow, fostering a sense of predictability for small-scale importers and individual buyers.
Summary of Rates for February 13
- NFEM (Official) Opening: 1,356.33
- NFEM (Official) Current: 1,355.58
- Parallel Market Range: 1,425 – 1,440
As the week comes to a close, the Naira appears to be in a strong position to carry its current momentum into the mid-month period. Market watchers will be looking at the final closing figures this evening to assess the currency’s resilience ahead of the Monday morning open.
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