English>

Market News

Naira gap narrows further as BDCs await dollar supply - BUSINESSDAY

FEBRUARY 16, 2026

The naira gap, the spread between the official foreign exchange (FX) market and the parallel market narrowed further to N65 on Friday as Bureau De Change (BDC) operators prepared to access fresh dollar supply from banks this week, after the Central Bank reopened the FX market for the retail bureau. 

The spread has contracted by 4.6 percent from N92 on Wednesday to N65 on Friday, reflecting renewed convergence between the two markets. Data published by the Central Bank of Nigeria (CBN) showed that the naira depreciated marginally for the 

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics