The Nigerian naira depreciated further on Friday, closing at N1,348 per dollar at the official market while trading between N1,340 and N1,355 in the parallel market.
The Nigerian naira weakened again on Friday, February 20, 2026, closing at N1,348 per dollar at the Nigerian Foreign Exchange Market. Data from the Central Bank of Nigeria showed the currency traded at N1,346.3234 before closing at N1,348, reflecting continued pressure on the foreign exchange market.
In the parallel market, Bureau De Change operators in major cities quoted the naira between N1,340 and N1,355 per dollar. This marks a further depreciation compared to Thursday’s rates of N1,341 and N1,346, highlighting persistent volatility in Nigeria’s currency market.