Dollar to Naira Update: Official ₦1,356/$ as Parallel Market Trades ₦1,425–₦1,440

Nigeria’s naira remained largely stable against the US dollar on Friday morning, February 13, 2026. Trading was calmer across both the official market and the parallel market, supported by a more consistent policy environment and recent efforts by the Central Bank of Nigeria (CBN) to improve the supply of dollars for retail users.

Official market: NFEM stays within the ₦1,350–₦1,360 band

At the Nigerian Foreign Exchange Market (NFEM), the naira opened at about ₦1,356.33 per $1. By mid-morning, it was quoted around ₦1,355.58 per $1, showing only a slight movement and keeping the rate within the ₦1,350–₦1,360 range.

Market observers linked the stability to the Electronic Foreign Exchange Matching System (EFEMS), which is designed to match demand with available supply. They also pointed to the CBN’s renewed engagement with Bureau De Change (BDC) operators for retail foreign exchange transactions.

Parallel market: Dollar trades at ₦1,425–₦1,440

In the parallel market, the dollar traded within a narrow range in major centres such as Lagos and Abuja, selling between ₦1,425 and ₦1,440 per $1.

Traders said the usual “weekend pressure” on demand appeared weaker, partly because improved access to dollars through recognised channels reduced the need for panic buying and speculation.