The Naira weakened to N1,510 per dollar in the parallel market yesterday, down from N1,505 per dollar last weekend. However, it strengthened to N1,499 per dollar in the Nigerian Foreign Exchange Market (NFEM). According to data from the Central Bank of Nigeria (CBN), the indicative exchange rate for the Naira dropped to N1,499 per dollar from N1,500 per dollar last Friday, reflecting a N1 appreciation. As a result, the gap between the parallel market and NFEM rates widened to N11 per dollar, up from N5 per dollar last weekend.