Nigerian naira bounces back significantly against US dollar

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.

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.

Nigerian naira bounces back significantly against US dollar