The naira recorded a modest improvement against the United States dollar on Wednesday, February 11, 2026, closing at about N1,350 per dollar at the Nigerian Foreign Exchange Market (NFEM). According to official market data released by CBN’s official foreign exchange platform, the naira traded at an average rate of N1,348.9529 per dollar, with a closing rate of N1,350 per dollar strengthened slightly compared with Tuesday’s average of N1,351 per dollar and closing rate of N1,349.5 per dollar, indicating gradual stability in early-February trading. ALSO READ: Naira gains against Dollar at official, down in parallel marketParallel marketAt the parallel market, the dollar continued to trade at a premium, with Bureau-de-Change operators in major cities such as Lagos, Abuja and Kano quoting rates between N1,425 and N1,440 per dollar. Market summaryNFEM (Official Market)— ~₦1,350 closing rateParallel Market (BDC) — ₦1,425 – ₦1,440

Source: Nigerian Tribune February 12, 2026 13:21 UTC