By By Elizabeth Ugbo
The Nigerian Naira maintained a stable outlook against the US Dollar on Friday, February 13, 2026.In the Nigerian Foreign Exchange Market (NFEM), the currency opened at ₦1,356.33 per dollar.Following early trades, it settled at a mid-morning average of ₦1,355.58, showing minor fluctuations.This intraday appreciation highlights the Naira’s ability to consolidate between ₦1,350 and ₦1,360.CBN Initiatives Support Currency StabilityAnalysts link the steady rates to the Electronic Foreign Exchange Matching System (EFEMS), which pairs demand and supply efficiently.Moreover, the Central Bank of Nigeria recently re-engaged Bureau De Change (BDC) operators to handle retail transactions.Consequently, retail-end buyers have better access to dollars, reducing sudden price swings in the market.Parallel Market Mirrors Official WindowMeanwhile, the parallel market also remained stable, trading between ₦1,425 and ₦1,440 in Lagos and Abuja.Traders observed that the “weekend effect,” which often triggers spikes, was largely muted today.The availability of dollars through official channels discouraged frantic speculative buying.Outlook for Mid-FebruaryAs the week ends, the Naira appears well-positioned to maintain momentum into mid-month.Market watchers will monitor the final closing figures to assess resilience ahead of Monday’s session.
