The naira traded around the ₦1,355 per dollar band in the official foreign exchange market on February 27, 2026, reflecting marginal day-to-day movement and continued price stability within the ₦1,340–₦1,380 corridor observed in recent sessions.
Parallel market activity showed similar pricing levels, with transactions clustering slightly above the official window depending on location and demand pressure.
The spread between both markets remains relatively narrow compared to earlier volatility cycles, indicating improved liquidity conditions and tighter rate alignment.
Recent exchange rate behavior reflects ongoing foreign exchange supply management, moderated speculative demand, and cautious positioning by importers and portfolio participants.
Intraday movements remain sensitive to dollar inflows from oil receipts and autonomous sources, as well as Central Bank liquidity interventions.
