By Babajide Komolafe
The naira yesterday depreciated to N368.5 per dollar in the Investors and Exporters (I&E) window.

Data from the Financial Market Dealers Quote (FMDQ) showed that the indicative exchange rate for the window, which is also known as Nigeria Autonomous Foreign Exchange (NAFEX),   rose from N366.59 per dollar on Tuesday to N368.5 per dollar yesterday, indicating N1.91 depreciation for the naira.

The naira however remained stable at N363 per dollar at the parallel market as low dollar demand persisted in the market.