Figures cited by Vanguard News show that the Nigerian Naira opened the week with a firm stance at the official market, trading around N1,344.65 per dollar. This stability is attributed to sustained Central Bank interventions and a marked decrease in “panic buying” by domestic traders.
Economic data released today also indicates that headline inflation has decelerated to 15.10% as of January 2026, marking the tenth straight month of cooling prices, which has bolstered investor confidence in the local currency.
The cooling inflation trend was corroborated by reports from Nairametrics, which noted that the harmonization of exchange rates is finally gaining traction. Nairametrics quoted a market analyst saying, “The current alignment of rates provides a more predictable environment for businesses.”
Furthermore, The Guardian Nigeria reported on the psychological impact of the stable currency, noting that “liquidity in the official window has improved significantly, reducing the reliance on the parallel market for essential imports.”
Echotitbits take:
While a 15% inflation rate is still high by global standards, the downward trend for ten months is a massive win for the current economic team. The stability of the Naira at these levels suggests that the “fair value” has been found. The next hurdle will be ensuring this stability translates into lower food prices for the average Nigerian household.
Source: Vanguard News – https://www.vanguardngr.com/2026/02/dollar-to-naira-exchange-rate-today-february-24-2026/, February 24, 2026
Photo credit: Vanguard News
