The naira strengthened today to N1,545 per dollar in the parallel market, up from N1,550 per dollar recorded last weekend. Similarly, it appreciated in the Nigerian Foreign Exchange Market (NFEM) to N1,528.65 per dollar. According to data from the Central Bank of Nigeria (CBN), the official exchange rate improved to N1,528.65 per dollar from N1,532 per dollar last Friday, marking a gain of N3.35. As a result, the gap between the parallel market and the NFEM rate narrowed to N16.35 per dollar, down from N18 per dollar last weekend.