The Nigerian Naira maintained a stable but cautious position against the United States dollar during Tuesday morning trading on February 17, 2026, as currency markets opened the week on a relatively calm note.
After a weekend of steady consolidation, the local currency continued to trade around the ₦1,350 range at the official window, reflecting the impact of liquidity management efforts by the Central Bank of Nigeria.
Official Market Trends
At the Nigerian Foreign Exchange Market (NFEM), the naira opened the session at about ₦1,351.18 per dollar. By mid-morning, the exchange rate recorded a slight adjustment, with the dollar trading at an average of ₦1,354.86.
The movement suggests a mild pullback from the early session level of ₦1,351, as market participants responded to early-week corporate demand.
Analysts say the naira has largely avoided the typical mid-month volatility, attributing the stability to the transparent price-matching system of the Electronic Foreign Exchange Matching System (EFEMS). With the Monetary Policy Rate (MPR) positioned to support domestic stability, the official exchange rate has remained below the ₦1,400 threshold for more than two weeks.
