The Naira weakened to N1,570 per dollar in the parallel market yesterday, down from N1,545 per dollar last weekend. However, in the Nigerian Foreign Exchange Market (NFEM), the Naira appreciated to N1,528 per dollar. Data from the Central Bank of Nigeria (CBN) showed that the indicative exchange rate improved from N1,542 per dollar last weekend, reflecting a N14 gain. As a result, the gap between the parallel market and NFEM rates widened to N42 per dollar, compared to N3 per dollar last Friday.