Naira falls again, closes at N1,358/$ in official market

The Nigerian naira again depreciated slightly against the United States (US) dollar, closing at N1,358 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Friday, 13th February 2026.

According to the data released on the official platform of the Central Bank of Nigeria (CBN), the Nigerian currency traded at the NFEM rate of N1,355.4181 per dollar and closed the market at a rate of N1,358 per dollar.

This therefore shows an N3 loss to the US Dollar compared to Thursday, 12th February 2026, when the naira traded at an average of N1,353.6556/$ and closed at N1,355/$.

At the parallel market, according to Bureau De Change (BDC) operators across Lagos, Abuja, Port Harcourt, and other major trading hubs, on 13th February 2026, the Dollar to Naira exchange rate in the black market traded at N1,420 and 1,450 for the selling and buying rates respectively.

Market Summary 

NFEM (Official Market)— N1,358 closing rate

Parallel Market (BDC) — N1,420– N1,450