Nigerian naira bounces back significantly against US dollar

Business Nigerian naira bounces back significantly against US dollar Published on February 16, 2026 By Ogaga Ariemu googletag.cmd.push(function() { googletag.display('div-gpt-ad-1500386953281-8'); }); The Nigerian naira bounced against the United States dollar with significant appreciation across official and parallel foreign exchange markets. The Central Bank of Nigeria’s data showed that the Naira strengthened to N1,347.78 on Monday, up from N1,355.42 on Friday last week. This means that the Naira recorded N7.64 against on Monday when compared with Friday. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1524595905268-5'); }); At the black market, the Naira made a massive gain of N40 to close at N1,400 on Monday from N1,440. DAILY POST reports that the performance of the Naira on Monday is a significant recovery from the losses recorded last week Thursday and Friday. This comes as the country’s inflation rate eased to 15.10 percent in January 2026, according to the National Bureau of Statistics’s data released on Monday. DAILY POST reports that the country’s external reserves surged to $47.81 billion as of 12th February 2026. Don't Miss Dangote Refinery misses 50m liters of daily petrol supply target, surpasses import You may like Naira continues depreciation against US dollar in official FX market Naira records first depreciation against US dollar, erases three-day gain Naira sustains significant appreciation against US dollar across official, black markets Naira continues to appreciate against US dollar as CBN directs FX sales to BDCs Naira appreciates significantly against US dollar Naira closes week at N1,366.19 per dollar as Nigeria’s external reserves hit $46.91bn

SOURCE: https://dailypost.ng/2026/02/16/nigerian-naira-bounces-back-significantly-against-us-dollar/