The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CNB) has increased the benchmark interest rate to 26.25 per cent. At the 295th MPC meeting in Abuja on Tuesday, presided by CBN Governor, Dr. Olayemi Cardoso, the benchmark rate had been increased by 200 basis points from 22.75 per cent to 24.75 per cent. The MPC has maintained …