State of the Naira · Feb 2026
12–25 Feb⚡ Dramatic Naira swing – verified NairaFX data Feb 12–25 shows powerful appreciation then correction.
Dollar rate today
Naira strengthening why
USD/NGN forecast Feb26
CBN update
USD/NGN · Feb 12–25
| Date | Rate | Direction |
|---|---|---|
| Feb12 | ₦1,426 | Stronger |
| 13 | ₦1,418 | Stronger |
| 14 | ₦1,400 | Strong Breakout |
| 15 | ₦1,385 | Stronger |
| 16 | ₦1,375 | Stronger |
| 17 | ₦1,364 | Stronger |
| 18 | ₦1,359 | Mild Strength |
| 19 | ₦1,342 | Strong Breakout |
| 20 | ₦1,330 | Stronger |
| 21 | ₦1,350 | Correction |
| 22 | ₦1,356 | Mild Weakness |
| 23 | ₦1,371 | Strong Weakness |
| 24 | ₦1,395 | Strong Weakness |
| 25 | ₦1,397 | Pullback |
Phase 1: Appreciation (12–20 Feb)
₦96 gain
8 sessions
1,426→1,330
🔥 Feb14: 1,418→1,400
🔥 Feb19: 1,359→1,342
Feb20: 1,342→1,330
7‑day MA: ₦1,441 → ₦1,365 · volatility Moderate→Strong
Phase 2: Correction (21–25 Feb)
From ₦1,330 → 1,350 → 1,356 → 1,371 → 1,395 → 1,397.
⬇️ Pullback ₦67 from peak. correction, not reversal
What data tells us
Institutional / liquidity influence, reduced speculation.
S/R: support 1,330·1,342; resist 1,371·1,395·1,400.
Volatility: strong swings, high‑activity environment.
What this means
Importers: mid‑month pricing improved, but caution.
Students: best window ~₦1,330 (Feb19‑20).
Traders: consolidation 1,330‑1,400, more volatility.
Big picture: recovering?
✔ momentum, liquidity, confidence – still stronger than early Feb.
⚠ sensitive to demand pressure
🔮 Short-term forecast
Bullish Naira: retest 1,330
Neutral: 1,350‑1,390
Bearish Naira: break 1,400
Key level: ₦1,330 most critical zone.
Final thoughts
- ✅ Strong appreciation wave & technical correction
- ✅ High volatility, new S/R zones formed
The Naira is not collapsing — actively repricing in dynamic FX.
*data NairaFX Feb2026 · for official rates see CBN/FMDQ
