The Nigerian naira continued its positive run on Tuesday morning, February 10, 2026, recording further gains against the United States dollar as trading opened.
Naira Strengthens in Official Market
At the Nigerian Foreign Exchange Market (NFEM), the naira started the day at N1,361.97 per dollar. As trading progressed, the local currency appreciated steadily, with the exchange rate improving to N1,356.10 by mid-morning.
Latest market figures show the dollar now trading at about N1,355.73, indicating that the naira is pushing firmly below the N1,360 mark.
Analysts have linked the improved performance to increased foreign exchange liquidity and the Central Bank of Nigeria’s continued use of the Electronic Foreign Exchange Matching System (EFEMS), which is helping to promote transparency and stabilize pricing. The sustained Monetary Policy Rate (MPR) of 27.00% has also been identified as a factor supporting the naira, as it continues to attract investment inflows.
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Dollar to Naira exchange rate today, February 9, 2026
Parallel Market Also Records Gains
The parallel market followed the same trend, although the dollar is still selling at a higher rate. In commercial centres such as Lagos, Abuja and Port Harcourt, Bureau De Change operators are exchanging the dollar between N1,435 and N1,450.
Traders say the gap between the official and black market rates has reduced significantly in recent days, suggesting lower speculative demand and better supply availability.
Exchange Rate Snapshot
NFEM Opening Rate: N1,361.97/$
NFEM Current Rate: N1,355.73/$
Parallel Market Range: N1,435 – N1,450/$
Market watchers are now monitoring whether the naira can sustain its strength around the N1,355 level as the week continues.
