The naira appreciated further at the official foreign exchange market on Tuesday, February 10, 2026, trading at N1,351.02 against the United States dollar.
Data released by the Central Bank of Nigeria (CBN) showed that the naira strengthened by N3.23 at the close of trading.
The appreciation represents a 0.23 per cent increase compared with Monday’s rate, when the currency exchanged at N1,354.25 to the dollar.
CBN approves BDCs’ return to forex market
Analysts said the modest gain reflected improved liquidity and continued CBN’s interventions aimed at stabilising the foreign exchange market amid cautious investor sentiment.
Market watchers also expect movements to remain gradual in the near term, as authorities balance reforms with efforts to boost confidence nationwide.
Trading volumes were moderate, with dealers monitoring policy signals closely.
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