The Centre for the Promotion of Private Enterprise says an interest rate hike by the Central Bank of Nigeria will not tame a general price increment in the country. The Director-General of CPPE, Muda Yusuf, disclosed this on Tuesday in a statement reacting to the late monetary policy rate hike. DAILY POST reports that 400 basis points raised the country’s interest rate to 22.75 per cent from 18.75 per cent. However, CPPE said the move will further hurt the real sector of the economy. According to the think-tank group, CBN monetary measure tightening has not yielded any significant impact in th…