Naira Maintains Resilience as Dollar Exchanges at ₦1,355 Officially on February 11, 2026

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 The Nigerian Naira continued its recent positive trend against the US Dollar in mid-week trading, with the official Nigerian Foreign Exchange Market (NFEM) rate averaging around ₦1,355.46 per dollar after opening at approximately ₦1,353.25. This reflects a modest strengthening of the local currency, supported by improved forex inflows and market interventions.

According to data from the FMDQ Securities Exchange and other platforms, the Naira fluctuated mildly during the session, reaching a high near ₦1,360 before settling in the current range. The Central Bank of Nigeria's (CBN) indicative rates from prior days (e.g., ₦1,351–1,354 on February 10) align with this stability, pointing to ongoing consolidation between ₦1,350 and ₦1,365.

In the parallel market, Bureau De Change operators in key cities quoted the dollar between ₦1,425 and ₦1,440 for buy/sell transactions. This premium has narrowed compared to earlier weeks, signaling reduced speculative pressure and greater alignment between official and informal segments.

Analysts attribute the Naira's performance to sustained dollar supply from exports, remittances, and policy measures. Financial experts project the currency may hold or edge further in the coming days, barring external shocks.

For real-time conversions:

1 USD ≈ ₦1,355 (official/mid-market)

1 USD ≈ ₦1,430–1,440 (parallel market average)

Market participants are advised to use official channels where possible to minimize risks. Stay tuned for updates as trading progresses.

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