Naira stable at n358 to dollar at parallel market

It seems like you're referring to the current exchange rate between the Nigerian Naira (NGN) and the United States Dollar (USD) at the parallel market.

According to recent reports, the Naira has indeed stabilized at around N358 to the Dollar at the parallel market, also known as the black market or street market. This rate is often used by individuals and businesses that need to exchange currency outside of the official banking system.

It's worth noting that the official exchange rate, which is set by the Central Bank of Nigeria (CBN), is usually lower than the parallel market rate. The official rate is around N305 to the Dollar, but the parallel market rate is often higher due to factors such as supply and demand, as well as the presence of unofficial currency traders.

The stability of the Naira at around N358 to the Dollar at the parallel market is a positive development, as it suggests that the currency is not experiencing extreme fluctuations. However, it's essential to keep in mind that exchange rates can change rapidly and may be influenced by various economic and political factors.

Would you like to know more about the factors that affect the Naira's exchange rate or the current economic situation in Nigeria?