February 2026 FX report
28 daysFull 28-day dataset — every daily close, with detailed percent changes, volatility, and trend shifts. The Naira experienced a historical swing: from resistance at ₦1,456 down to a strong low of ₦1,327, before a volatile correction.
Daily USD/NGN · February 2026
| Date | Close | Prev | Change | Next day | % vs prev | Trend | +/- strong |
|---|---|---|---|---|---|---|---|
| 2/1 | ₦1,443 | 1440 | 3 | 1445 | +0.347% | ↑ Weaker | ↑ Stronger |
| 2/2 | ₦1,445 | 1445 | 0 | 1447 | +0.138% | ↑ Weaker | ↑ Stronger |
| 2/3 | ₦1,448 | 1447 | 1 | 1452 | +0.345% | ↑ Weaker | ↑ Stronger |
| 2/4 | ₦1,452 | 1452 | 0 | 1455 | +0.206% | ↑ Weaker | ↑ Stronger |
| 2/5 | ₦1,456 | 1455 | 1 | 1445 | -0.687% | ↓ Stronger | ↓ Weaker |
| 2/6 | ₦1,445 | 1445 | 0 | 1447 | +0.138% | ↑ Weaker | ↑ Stronger |
| 2/7 | ₦1,447 | 1447 | 0 | 1450 | +0.207% | ↑ Weaker | ↑ Stronger |
| 2/8 | ₦1,450 | 1450 | 0 | 1450 | 0.0% | → Stable | → Stable |
| 2/9 | ₦1,446 | 1450 | -4 | 1445 | -0.345% | ↓ Stronger | ↓ Weaker |
| 2/10 | ₦1,442 | 1444 | -2 | 1440 | -0.277% | ↓ Stronger | ↓ Weaker |
| 2/11 | ₦1,438 | 1440 | -2 | 1435 | -0.347% | ↓ Stronger | ↓ Weaker |
| 2/12 | ₦1,430 | 1435 | -5 | 1426 | -0.627% | ↓ Stronger | ↓ Weaker |
| 2/13 | ₦1,426 | 1426 | 0 | 1418 | -0.561% | ↓ Stronger | ↓ Weaker |
| 2/14 | ₦1,408 | 1418 | -10 | 1400 | -1.269% | ↓ Stronger | ↓ Weaker |
| 2/15 | ₦1,380 | 1400 | -20 | 1385 | -1.071% | ↓ Stronger | → Stable |
| 2/16 | ₦1,380 | 1385 | -5 | 1375 | -0.722% | ↓ Stronger | ↓ Weaker |
| 2/17 | ₦1,370 | 1375 | -5 | 1364 | -0.800% | ↓ Stronger | ↓ Weaker |
| 2/18 | ₦1,363 | 1364 | -1 | 1359 | -0.366% | ↓ Stronger | ↓ Weaker |
| 2/19 | ₦1,350 | 1359 | -9 | 1342 | -1.251% | ↓ Stronger | ↓ Weaker |
| 2/20 | ₦1,327 | 1342 | -15 | 1330 | -0.894% | ↓ Stronger | ↓ Weaker |
| 2/21 | ₦1,334 | 1330 | 4 | 1350 | +1.503% | ↑ Weaker | ↑ Stronger |
| 2/22 | ₦1,352 | 1350 | 2 | 1356 | +0.444% | ↑ Weaker | ↑ Stronger |
| 2/23 | ₦1,360 | 1356 | 4 | 1371 | +1.106% | ↑ Weaker | ↑ Stronger |
| 2/24 | ₦1,375 | 1371 | 4 | 1395 | +1.750% | ↑ Weaker | ↑ Stronger |
| 2/25 | ₦1,390 | 1395 | -5 | 1385 | -0.716% | ↓ Stronger | ↓ Weaker |
| 2/26 | ₦1,365 | 1385 | -20 | 1360 | -1.805% | ↓ Stronger | ↓ Weaker |
| 2/27 | ₦1,363 | 1360 | 3 | 1374 | +1.029% | ↑ Weaker | ↑ Stronger |
| 2/28 | ₦1,375 | 1374 | 1 | 1374 | 0.0% | → Stable | → Stable |
Phase I – early month resistance (Feb 1–4)
February opened with the Naira under mild pressure: from ₦1,443 to ₦1,452 (Feb 4) – a 0.6% weakening. The USD/NGN tested the monthly high at ₦1,456 on Feb 5 before reversing.
Phase II – historic appreciation (Feb 5–20)
A persistent 15-day Naira strengthening: from ₦1,456 (Feb 5) all the way down to ₦1,327 (Feb 20). Total gain ₦129 (‑8.9%). The most aggressive moves occurred Feb 14 (‑1.27%), Feb 19 (‑1.25%) and the final push to the monthly trough. Volatility spiked; moving averages dropped sharply.
Phase III – violent correction & stabilisation (Feb 21–28)
After bottoming at ₦1,327, a sharp reversal: +1.5% (Feb21), +1.1% (Feb23), +1.75% (Feb24) – briefly hitting ₦1,395. However, selling resumed Feb25‑26, taking the rate back to ₦1,365, then closing the month at ₦1,375. The last two days showed a stable tone.
Daily changes ranged from -1.8% (Feb 26) to +1.75% (Feb 24). The 7‑day moving average bottomed near 1365. Psychological support formed at ₦1,327 (month low) and resistance at ₦1,395/1,400. The correction erased about half of the mid‑month gain, but the Naira still finished ₦68 stronger than the Feb 5 peak.
What February data tells us
📊 Outlook March 2026
The monthly close at ₦1,375 sits just below the 20‑day resistance. The range established in February (₦1,327 – ₦1,456) will likely act as a corridor for early March. A break above ₦1,400 could trigger a test of ₦1,420; support lies at ₦1,360 and then the February low at ₦1,327.
*analysis based on official NairaFX daily closing values. volatility and directional arrows reflect raw data.
