The naira weakened to ₦1,555 per dollar in the parallel market yesterday, down from ₦1,540 on Monday. Similarly, it depreciated to ₦1,536 per dollar in the Nigerian Foreign Exchange Market (NFEM). According to data from the Central Bank of Nigeria (CBN), the official exchange rate rose to ₦1,536 from ₦1,535 per dollar, reflecting a ₦1 loss in value. As a result, the gap between the parallel market and NFEM rates widened to ₦19 per dollar, up from ₦5 the previous day.