Naira appreciates to N1,359 per US dollar in Nigeria

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NarrativeRadar Analysis·Reviewed by M. Reyes·AI-assisted, editorially supervised·Based on 2 articles from 1 sources

The Nigerian naira appreciated to 1,359 per US dollar in the official foreign exchange market on February 25, 2026. The following day, the naira depreciated to 1,391 per US dollar in the parallel market. These fluctuations affect Nigeria's economy by influencing import costs, inflation, and trade balances, impacting businesses and consumers.

Reported Facts

Observable data points shared across all narratives

•On February 25, 2026, the naira traded at 1,359 per US dollar in Nigeria's official market.
•On February 26, 2026, the naira weakened to 1,391 per US dollar in the parallel market.
•The official market and parallel market show different exchange rates for the naira against the US dollar.
•Currency value changes affect Nigeria's import prices and inflation levels.

What Could Happen If...

▸If Nigerian authorities intervene to stabilize the naira in the parallel market the gap between official and parallel exchange rates may narrow, reducing uncertainty for importers and investors.

Market Exposure

CurrencyNigerian Naira (NGN/USD)Increased Volatility

Divergent exchange rates between official and parallel markets create uncertainty in currency valuation.

This is not investment advice. Market exposure is based on conditional event analysis.

Key Actors

Countries

🌍Nigeria 🌍United States of America

Instruments

📈Nigerian naira 📈United States dollar

Source Coverage

AFRICA

2 articles

More coverage on this story

Signals

Single-block coverage

Primary Sources (2)

AFRICAVanguard (Nigeria)Naira depreciates to N1,391/$ in parallel market AFRICAVanguard (Nigeria)Naira appreciates to N1,359/$ in official market