On February 13, 2026, the Nigerian naira held steady against the US dollar during the Friday morning trading session. A stable policy environment and recent efforts by the Central Bank of Nigeria (CBN) to expand the supply of retail dollars are helping the local currency as the market enters its final session of the week.
Naira was trading at about 1,356.33 to the dollar at the start of today on the Nigerian Foreign Exchange Market (NFEM). After the first trades, the rate fluctuated slightly before averaging 1,355.58 in the middle of the morning.
This performance shows that the currency can consolidate in the 1,350 to 1,360 range and represents a slight intraday increase. Financial analysts attribute the stable rates to the Electronic Foreign Exchange Matching System’s (EFEMS) ability to effectively balance supply and demand, as well as the benefits of the CBN’s recent decision to work with Bureau De Change (BDC) operators again to manage retail transactions.
BrandSpur banking and finance news desk reports that similar to the official window, the parallel market, referred to as the “black market,” stayed mostly range-bound this Friday. In major commercial centres like Lagos and Abuja, the dollar fluctuates between 1,425 and 1,440.
The “weekend effect,” which can lead to price spikes and increased demand, has been subdued today, according to traders. The frantic speculative buying that often pushes informal rates higher has decreased since dollars are now available through official BDC channels. Because of this, the gap between the NFEM and the parallel market has stayed minimal, giving individual purchasers and small-scale importers a sense of predictability.
