Naira Strengthens Against British Pound, Trades at ₦1,806 per £1
✍️ By Tobi | February 18, 2026 | 13:43 PM
The Nigerian naira has recorded a notable gain against the British Pound Sterling, strengthening to ₦1,806 per £1 in the foreign exchange market.
Market watchers say the appreciation reflects improved sentiment around the naira, driven by a mix of policy adjustments, better liquidity in the forex market, and reduced pressure on demand for foreign currencies.
The development has sparked cautious optimism among traders and businesses that rely on pound-denominated transactions, including importers, students abroad, and international service providers.
Analysts, however, have advised that sustained gains will depend on consistent policy implementation, foreign inflows, and broader economic stability. They also note that exchange rates may continue to fluctuate in response to global market conditions and domestic economic signals.
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