The naira has remained largely stable against the United States dollar in early trading on Wednesday, February 4, 2026.
At the Nigerian Foreign Exchange Market NFEM, the local currency opened slightly firmer at about ?1,387.42 to the dollar. By mid-morning, the rate eased marginally, with the dollar quoted around ?1,388.15.
Market observers note that sustained stability reflects improved liquidity and transparency following the introduction of the Electronic Foreign Exchange Matching System EFEMS.
