The naira recorded fresh gains on Tuesday, strengthening against the United States dollar in both the parallel and official foreign exchange markets.
In the parallel market, the local currency appreciated to N1,440 per dollar, improving from N1,450 per dollar recorded last weekend.
The naira also posted an improvement in the official market, the Nigerian Foreign Exchange Market (NFEM), where it appreciated to N1,354.9 per dollar.
Read Also;
Dollar to Naira exchange rate today, February 10, 2026
Figures released by the Central Bank of Nigeria (CBN) showed that the indicative exchange rate dropped from N1,363 per dollar last weekend to N1,354.9 per dollar, representing an N8.1 gain for the naira.
As a result of the improved performance, the gap between the parallel market and the official rate narrowed slightly to N85.1 per dollar, down from N87 per dollar recorded last weekend.
