The naira weakened to N1,620 per dollar in the parallel market yesterday, slipping from N1,618 on Tuesday. However, it strengthened in the Nigerian Foreign Exchange Market (NFEM), appreciating to N1,599 per dollar. According to data from the Central Bank of Nigeria (CBN), the indicative exchange rate dropped to N1,599 per dollar from N1,604 on Tuesday, marking a N5 gain for the naira. As a result, the gap between the parallel market and NFEM rates widened to N21 per dollar, up from N14 on Tuesday.