The Naira weakened yesterday, falling to N1,585 per dollar in the parallel market from N1,565 on Tuesday. Likewise, it depreciated to N1,546 per dollar in the Nigerian Foreign Exchange Market (NFEM). According to data from the Central Bank of Nigeria (CBN), the indicative exchange rate rose to N1,546 per dollar from N1,537 on Tuesday, reflecting a N9 decline in value. As a result, the gap between the parallel market and NFEM rates widened to N39 per dollar from N37 on Tuesday.