Dollar to Naira exchange rate today
The Nigerian naira commenced the second one week of February 2026 on a stable note towards america greenback, extending its recent run of resilience. Early buying and selling facts on Monday, February nine shows the local forex holding firm, buoyed with the aid of sustained policy help and comparatively robust external reserves.
at the Nigerian foreign exchange market (NFEM), the naira recorded a modest improvement at the start of the week, replacing at about ₦1,363.84 to the dollar. This reflects a moderate appreciation from Friday’s closing rate of ₦1,366.96 as marketplace pastime resumed.
trading inside the legitimate window remained calm, with costs shifting within a decent band of ₦1,363.35 to ₦1,363.eighty four at some stage in early periods. Analysts hyperlink this stability to the Central bank of Nigeria’s continued oversight of the electronic forex Matching device, which has progressed transparency and decreased distortions throughout marketplace segments. With inflation reported at 15.15% and the monetary policy price held at 27.00% in early 2026, the naira has managed to live effortlessly beneath the ₦1,400 threshold.
inside the parallel marketplace, the greenback additionally traded progressively. Bureau De exchange operators in key cities inclusive of Lagos, Abuja, and Kano quoted prices among ₦1,440 and ₦1,455. despite the fact that the unofficial marketplace continues to alternate at a premium to the professional window, the distance is far narrower than the pointy swings recorded toward the stop of 2025.
investors say call for for foreign currency to cover personal journey and small-scale imports is being met besides pressure, limiting speculative activity. The noticeably calm situations advise that the CBN’s efforts to route large corporate call for thru the official market are supporting to curb unexpected fee spikes within the parallel segment.
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