The Naira weakened to N1,545 per dollar in the parallel market yesterday, down from N1,525 per dollar on Thursday. Similarly, in the Nigerian Foreign Exchange Market (NFEM), the Naira depreciated to N1,542 per dollar. Data from the Central Bank of Nigeria (CBN) showed that the indicative exchange rate climbed to N1,542 per dollar from N1,520 per dollar on Thursday, reflecting a N22 drop in value. As a result, the gap between the parallel market and NFEM rates narrowed to N3 per dollar from N5 per dollar on Thursday.