On this morning’s trading session, February 13, 2026, the Nigerian Naira remained steady in relation to the US dollar. The Central Bank of Nigeria’s (CBN) recent efforts to increase the supply of retail dollars and maintain a stable policy environment continue to support the local currency as the market enters its final session of the week.
Naira started the day at about 1,356.33 to the dollar on the Nigerian Foreign Exchange Market (NFEM). After the first trades, the rate fluctuated slightly before averaging 1,355.58 in the early morning.
This performance indicates a minor intraday increase and shows that the currency can consolidate between 1,350 and 1,360. In addition to the benefits of the CBN’s recent reengagement with Bureau De Change (BDC) operators to handle retail-end transactions, financial experts attribute the stable rates to the Electronic Foreign Exchange Matching System’s (EFEMS) ability to effectively match supply with demand.
BrandSpur banking and finance news desk reports that similar to the official window’s stability, the parallel market, also known as the “black market,” has mostly stayed range-bound this Friday. The dollar is trading between 1,425 and 1,440 in major commercial centres like Lagos and Abuja.
The “weekend effect,” which occasionally results in higher demand and price spikes, has been subdued today, according to traders. The frenzied speculative buying that frequently raises informal rates has been deterred by the availability of dollars through official BDC channels.
However, for small-scale importers and individual buyers, this has created a sense of predictability by keeping the gap between the NFEM and the parallel market comparatively small.
