The Nigerian naira maintained a stable performance against the United States dollar during Friday morning trading on February 13, 2026, as the currency continued to benefit from improved dollar supply and steady foreign exchange policies.
Official Market Performance
At the Nigerian Foreign Exchange Market (NFEM), the naira opened trading at about ₦1,356.33 per dollar. It later recorded slight movement and settled at an average of ₦1,355.58 by mid-morning.
The marginal appreciation reflects continued stability, with the naira consolidating within the ₦1,350–₦1,360 range. Analysts linked the steady performance to the effectiveness of the Electronic Foreign Exchange Matching System (EFEMS), as well as the Central Bank of Nigeria’s renewed engagement with Bureau De Change operators to improve access to retail dollar transactions.
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Parallel Market Trends
The parallel market also remained calm, with the dollar exchanging between ₦1,425 and ₦1,440 in key markets such as Lagos and Abuja.
Traders noted that the usual “weekend demand pressure” was minimal, largely because improved dollar availability through official channels reduced speculative buying. This development helped keep the exchange rate spread between the official and informal markets relatively stable.
Exchange Rate Summary (February 13)
NFEM Opening Rate: ₦1,356.33
NFEM Mid-Morning Rate: ₦1,355.58
Parallel Market Rate: ₦1,425 – ₦1,440
With the week rounding off on a stable note, market watchers will be paying close attention to the final closing rate to determine whether the naira can sustain its momentum into the new trading week.
