Economy
Naira gathers steam to N1,685/$ in parallel market
The Naira on Thursday appreciated to N1,685 per dollar in the parallel market from N1,695 per dollar on Wednesday.
Similarly, the Naira appreciated to N1,567 per dollar in the official foreign exchange market. Data from the Central Bank of Nigeria, CBN on Daily Nigerian Foreign Exchange Market (NFEM) showed Naira appreciated for four consecutive days to N1,567 per dollar from N1,660 per dollar on Monday, indicating N93 appreciation for the naira this week.
Consequently, the margin between the parallel market and NAFEM rate widened to N118 per dollar from N87 per dollar on Wednesday.
The naira continued to depreciate against the United States dollar on Friday to end the week on a negative note at the official foreign exchange.
The Central Bank of Nigeria’s data showed that the Naira depreciated against the dollar to close at N1,355.41 on Friday, down from N1,353.66 on Thursday.
This means that at the official foreign exchange market, the Naira dropped by
N1.75 on a day-to-day basis.
Meanwhile, at the black market, the Naira remained stable at N1,440 per dollar on Friday, the same rate recorded on Thursday.
The week under review ended the week with mixed sentiments but recorded more appreciations than depreciations at both foreign exchange markets.
The Naira gained 10.78 and N15 on a week-on-week basis at official and parallel foreign exchange markets, respectively.
This followed the continued rise in the country’s external reserves, which stood at $47.53 billion as of February 10th, 2026.
The naira on Thursday recorded its first depreciation against the United States dollar at the official foreign exchange market this week.
The Central Bank of Nigeria’s data showed that the Naira weakened on Thursday to N1,353.66 per dollar, down from N1,348.95.
This means that on a day-to-day basis the N4.71 dropped against the dollar.
The decline almost erased Naira’s N5.51 per dollar gain at the official exchange in the last three days.
However, at the black market, the Naira appreciated further by N5 to N1440 on Thursday per dollar, up from N1445 the previous day, owing to the apex bank’s latest intervention to Bureau De Change operators.
The development comes as Nigeria’s foreign debt grew further to $47.53 as of February 10, 2026, according to the apex bank data.
The Black Market Dollar-to-Naira Exchange Rate for 13th February 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 13th February 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1440 and buy at ₦1420 on Friday 13th February, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1440
Buying Rate ₦1420
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1357
Lowest Rate ₦1350
Disclaimer:NEWSRAIN NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the FMDQOTC website. Parallel market rates (black market rates) are obtained from various sources, including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.
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