 Moving on to business, Nigeria's external reserve has dropped to a seven-month low as exporters, politicians and orders tighten their grip on dollars. According to data obtained from the CBN website, Naira fell to $38.57 billion as of May 25, 2022. The last time it was at this level was in late October 2020. The drop in Nigeria's reserves will make defending the Naira from further devaluation more difficult. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.