CBN Raises Interest Rate By 150 basis Points to 26.25%

By Abiola Olawale For the third time in 2024 alone, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has increased the benchmark interest rate by 150 basis points to 26.25% from 24.75%. The Governor of the CBN, Yemi Cardoso made this disclosure on Tuesday while addressing a press briefing after the conclusion of…