The Nigerian naira recorded a notable recovery against the United States dollar, appreciating significantly in both the official and parallel foreign exchange markets.

Data from the Central Bank of Nigeria showed the naira strengthened to N1,347.78 on Monday, up from N1,355.42 recorded on Friday last week. This reflects an improvement of N7.64 over the period.

In the parallel market, the local currency gained N40, closing at N1,400 on Monday compared to N1,440 previously.

The renewed strength marks a rebound from the losses the naira experienced on Thursday and Friday of last week.

The development coincides with easing inflation, as figures released by the National Bureau of Statistics showed the country’s inflation rate declined to 15.10 percent in January 2026.

Meanwhile, Nigeria’s external reserves rose to $47.81 billion as of February 12, 2026, indicating improved foreign exchange liquidity.