Dollar to Naira Exchange Rate Today, February 13, 2026

On February 13, 2026, the Nigerian Naira demonstrated a stable performance against the United States Dollar during the morning trading session.

As the market approached the end of the week, the local currency continued to benefit from a conducive policy environment and recent initiatives by the Central Bank of Nigeria (CBN) aimed at enhancing retail dollar supply.

In the Nigerian Foreign Exchange Market (NFEM), the Naira commenced trading at approximately 1,356.33 per dollar. After some initial fluctuations, the exchange rate settled to a mid-morning average of 1,355.58. This indicates a slight intraday appreciation and reflects the currency’s ability to maintain a position within the range of 1,350 to 1,360.

Financial analysts attribute this stability to the effectiveness of the Electronic Foreign Exchange Matching System (EFEMS), which has successfully matched currency demand with available supply. Additionally, the CBN’s renewed engagement with Bureau De Change (BDC) operators has positively influenced the handling of retail transactions, further supporting the Naira’s performance in the market.

The parallel market, or “black market,” has remained largely range-bound this Friday, mirroring the stability of the official window. In major commercial hubs like Lagos and Abuja, the dollar is being traded between 1,425 and 1,440.

Traders report that the “weekend effect,” which sometimes leads to increased demand and price spikes, has been muted today. The availability of dollars through official BDC channels has discouraged the frantic speculative buying that often drives informal rates higher. As a result, the spread between the NFEM and the parallel market has remained relatively narrow, fostering a sense of predictability for small-scale importers and individual buyers.

Summary of Rates for February 13
NFEM (Official) Opening: 1,356.33
NFEM (Official) Current: 1,355.58
Parallel Market Range: 1,425 – 1,440

As the week comes to a close, the Naira appears to be in a strong position to carry its current momentum into the mid-month period. Market watchers will be looking at the final closing figures this evening to assess the currency’s resilience ahead of the Monday morning open.