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<title>The Press Fly &#45; : BUSINESS</title>
<link>https://thepressfly.com/rss/category/business</link>
<description>The Press Fly &#45; : BUSINESS</description>
<dc:language>en</dc:language>
<dc:rights>Copyright  2026 The Press Fly All rights reserved.</dc:rights>

<item>
<title>The Post&#45;Inflection Point Economy: Why 2.6% Growth Feels Different in 2026</title>
<link>https://thepressfly.com/the-post-inflection-point-economy-why-26-growth-feels-different-in-2026</link>
<guid>https://thepressfly.com/the-post-inflection-point-economy-why-26-growth-feels-different-in-2026</guid>
<description><![CDATA[ An analysis of the global economic outlook for 2026, examining why projected global growth of 2.6% reflects deeper structural shifts, widening inequality between advanced and developing economies, energy market risks, and the policy challenges shaping the post-pandemic global economy. ]]></description>
<enclosure url="https://thepressfly.com/uploads/images/202603/image_870x580_69b6d9b334d9d.jpg" length="29300" type="image/jpeg"/>
<pubDate>Sun, 15 Mar 2026 17:09:31 +0100</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>global economic outlook 2026, world economic growth forecast, global GDP projection, post-pandemic economy, developing vs advanced economies gap, global inflation trends 2026, oil price impact on economy, global macroeconomic analysis, emerging market debt, world economic prospects report</media:keywords>
</item>

<item>
<title>The Rise of Digital Currencies and the Transformation of Global Financial Systems</title>
<link>https://thepressfly.com/the-rise-of-digital-currencies-and-the-transformation-of-global-financial-systems</link>
<guid>https://thepressfly.com/the-rise-of-digital-currencies-and-the-transformation-of-global-financial-systems</guid>
<description><![CDATA[ An in-depth analysis of the rise of digital currencies and their transformative impact on global finance, exploring central bank digital currencies (CBDCs), cryptocurrencies, financial inclusion, cross-border payments, regulatory challenges, and the future of digital monetary systems. ]]></description>
<enclosure url="https://thepressfly.com/uploads/images/202603/image_870x580_69b6d8c5c892f.jpg" length="82575" type="image/jpeg"/>
<pubDate>Sun, 15 Mar 2026 17:05:38 +0100</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>digital currencies, central bank digital currencies, CBDC development, cryptocurrency adoption, blockchain finance, digital payments, global financial systems, cross-border payments, financial inclusion technology, digital economy transformation, fintech innovation, digital money regulation</media:keywords>
</item>

<item>
<title>Global Supply Chain Disruptions and Their Impact on International Trade</title>
<link>https://thepressfly.com/global-supply-chain-disruptions-and-their-impact-on-international-trade</link>
<guid>https://thepressfly.com/global-supply-chain-disruptions-and-their-impact-on-international-trade</guid>
<description><![CDATA[ An in-depth analysis of global supply chain disruptions and their impact on international trade, examining shipping bottlenecks, semiconductor shortages, rising freight costs, and strategies businesses and governments are adopting to build resilient supply networks in a rapidly changing global economy. ]]></description>
<enclosure url="https://thepressfly.com/uploads/images/202603/image_870x580_69b6d7461a618.jpg" length="72143" type="image/jpeg"/>
<pubDate>Sun, 15 Mar 2026 16:59:11 +0100</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>global supply chain disruptions, international trade challenges, supply chain resilience, global logistics issues, shipping delays, semiconductor shortage, freight costs, global trade slowdown, supply chain management, economic impact of supply chains, regional manufacturing hubs, digital supply chain technology</media:keywords>
</item>

<item>
<title>Nigeria’s Central Bank Removes Affidavit Requirement for Reactivating Dormant Bank Accounts</title>
<link>https://thepressfly.com/nigerias-central-bank-removes-affidavit-requirement-for-reactivating-dormant-bank-accounts</link>
<guid>https://thepressfly.com/nigerias-central-bank-removes-affidavit-requirement-for-reactivating-dormant-bank-accounts</guid>
<description><![CDATA[ The Central Bank of Nigeria has removed the affidavit requirement for reactivating dormant bank accounts, aiming to simplify the process for customers while maintaining strong identity verification measures. The revised guidelines also introduce enhanced disclosure requirements for banks to improve transparency and help reunite account holders with unclaimed funds. ]]></description>
<enclosure url="https://thepressfly.com/uploads/images/202603/image_870x580_69b6d49f31a6c.jpg" length="138214" type="image/jpeg"/>
<pubDate>Sun, 15 Mar 2026 16:47:53 +0100</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>CBN dormant account policy 2026, Nigeria bank dormant account reactivation, CBN affidavit removal dormant accounts, Nigeria unclaimed balances trust fund, dormant bank accounts Nigeria guidelines, Nigeria banking regulation update, CBN financial policy reforms, reclaim dormant bank accounts Nigeria, Nigeria Data Protection Act banking compliance, Nigerian banking transparency reforms</media:keywords>
</item>

<item>
<title>Iran War shakes global markets, here’s what you should know</title>
<link>https://thepressfly.com/iran-war-shakes-global-markets-heres-what-you-should-know</link>
<guid>https://thepressfly.com/iran-war-shakes-global-markets-heres-what-you-should-know</guid>
<description><![CDATA[ Rising geopolitical tensions involving the United States and Iran have triggered volatility in global financial markets, prompting investors to reconsider their strategies. Experts advise investors to avoid panic-driven decisions, maintain diversified portfolios, and focus on long-term investment goals rather than reacting emotionally to short-term market fluctuations ]]></description>
<enclosure url="https://thepressfly.com/uploads/images/202603/image_870x580_69b6a77914844.jpg" length="80907" type="image/jpeg"/>
<pubDate>Sun, 15 Mar 2026 13:35:23 +0100</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>Iran US conflict market impact, geopolitical tensions stock market volatility, investment strategy during market crisis, how investors handle market volatility, Donald Trump Iran strike markets, global market reaction Iran tensions, long term investing strategy crisis, diversification investment risk management, financial markets geopolitical risk, investor behavior during market volatility</media:keywords>
</item>

<item>
<title>Global Central Banks Reassess Economic Outlook as Middle East Conflict Fuels Inflation Concerns</title>
<link>https://thepressfly.com/global-central-banks-reassess-economic-outlook-as-middle-east-conflict-fuels-inflation-concerns</link>
<guid>https://thepressfly.com/global-central-banks-reassess-economic-outlook-as-middle-east-conflict-fuels-inflation-concerns</guid>
<description><![CDATA[ Global central banks are reassessing economic risks following escalating tensions between the United States and Iran that have pushed oil prices higher and raised concerns about a new wave of inflation. Policymakers from the Federal Reserve, European Central Bank, Bank of Japan, and other major institutions are expected to maintain cautious monetary policies as they evaluate the potential impact on growth, inflation, and financial stability. ]]></description>
<enclosure url="https://thepressfly.com/uploads/images/202603/image_870x580_69b6a49219991.jpg" length="117849" type="image/jpeg"/>
<pubDate>Sun, 15 Mar 2026 13:22:53 +0100</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>global central banks policy decisions 2026, US Iran conflict economic impact, Federal Reserve interest rate outlook, ECB monetary policy inflation risk, global inflation energy prices, Bank of England rate decision 2026, Bank of Japan policy normalization, global monetary policy uncertainty, oil price shock central banks, stagflation risk global economy</media:keywords>
</item>

<item>
<title>Japan Plans Major Oil Reserve Release to Cushion Global Supply Shock</title>
<link>https://thepressfly.com/japan-plans-major-oil-reserve-release-to-cushion-global-supply-shock</link>
<guid>https://thepressfly.com/japan-plans-major-oil-reserve-release-to-cushion-global-supply-shock</guid>
<description><![CDATA[ Japan has announced plans to release 80 million barrels of crude oil from its strategic reserves starting March 16 to cushion the impact of global supply disruptions linked to tensions involving the United States, Israel, and Iran. The move aims to stabilize domestic fuel prices and ensure energy security as concerns grow over potential disruptions in the Strait of Hormuz. ]]></description>
<enclosure url="https://thepressfly.com/uploads/images/202603/image_870x580_69b6a2e111815.jpg" length="77583" type="image/jpeg"/>
<pubDate>Sun, 15 Mar 2026 13:15:40 +0100</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>Japan oil reserves release 2026, Japan strategic petroleum reserve, Strait of Hormuz oil supply disruption, global oil market crisis, Japan energy security policy, IEA coordinated oil release, Middle East conflict oil prices, Japan fuel price stabilization, global crude oil supply shock, Japan emergency oil stockpile</media:keywords>
</item>

<item>
<title>China Announces Zero&#45;Tariff Policy for Imports from 53 African Nations</title>
<link>https://thepressfly.com/china-announces-zero-tariff-policy-for-imports-from-53-african-nations</link>
<guid>https://thepressfly.com/china-announces-zero-tariff-policy-for-imports-from-53-african-nations</guid>
<description><![CDATA[ China will introduce a zero-tariff policy on imports from 53 African countries starting May 1, 2026, granting duty-free access to its vast market. The initiative aims to strengthen trade relations, boost African agricultural and manufactured exports, and address trade imbalances, although Eswatini is excluded due to its diplomatic ties with Taiwan. ]]></description>
<enclosure url="https://thepressfly.com/uploads/images/202603/image_870x580_69b690cd159d1.jpg" length="47601" type="image/jpeg"/>
<pubDate>Sun, 15 Mar 2026 11:58:35 +0100</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>China zero tariff Africa 2026, China Africa trade policy, duty free access China African exports, Belt and Road Initiative Africa trade, Eswatini Taiwan China relations, Africa exports to China, China Africa economic partnership, AGOA vs China trade Africa, African manufacturing exports China, global trade Africa China</media:keywords>
</item>

<item>
<title>CBN Directs Banks to Restrict Loan Defaulters from Accessing New Credit Facilities</title>
<link>https://thepressfly.com/cbn-directs-banks-to-restrict-loan-defaulters-from-accessing-new-credit-facilities</link>
<guid>https://thepressfly.com/cbn-directs-banks-to-restrict-loan-defaulters-from-accessing-new-credit-facilities</guid>
<description><![CDATA[ The Central Bank of Nigeria has directed commercial banks to restrict large-ticket loan defaulters from accessing new credit facilities and certain banking services in order to strengthen financial stability and reduce systemic risks in the banking sector. The directive also requires banks to secure additional collateral for existing exposures while regulators monitor compliance under the Banks and Other Financial Institutions Act. ]]></description>
<enclosure url="https://thepressfly.com/uploads/images/202603/image_870x580_69b5e26008241.jpg" length="85685" type="image/jpeg"/>
<pubDate>Sat, 14 Mar 2026 23:34:17 +0100</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>CBN loan defaulters directive, Central Bank of Nigeria banking regulation, large ticket obligors Nigeria, CBN credit restriction policy, Nigeria banking sector regulation, non performing loans Nigeria banks, Credit Risk Management System CRMS Nigeria, BOFIA 2020 banking law, Nigeria bank recapitalisation programme, CBN financial stability policy</media:keywords>
</item>

<item>
<title>CBN tightens mobile banking security, setting a N20,000 cap on first&#45;time transactions.</title>
<link>https://thepressfly.com/cbn-tightens-mobile-banking-security-setting-a-n20000-cap-on-first-time-transactions</link>
<guid>https://thepressfly.com/cbn-tightens-mobile-banking-security-setting-a-n20000-cap-on-first-time-transactions</guid>
<description><![CDATA[ The Central Bank of Nigeria has introduced new security measures for digital banking, including a N20,000 transaction limit within the first 24 hours of activating a mobile banking application. The directive, which takes effect on July 1, 2026, also mandates device binding, stronger authentication processes, real-time fraud monitoring, and optional opt-out features for instant transfers to enhance the safety of Nigeria’s growing digital payment ecosystem. ]]></description>
<enclosure url="https://thepressfly.com/uploads/images/202603/image_870x580_69b5df3c82b5f.jpg" length="467035" type="image/jpeg"/>
<pubDate>Sat, 14 Mar 2026 23:20:54 +0100</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>CBN mobile banking rules 2026, Central Bank of Nigeria transaction limit, N20000 mobile banking limit Nigeria, Nigeria digital payment security, CBN fraud prevention measures, device binding mobile banking Nigeria, instant payment opt out Nigeria, BVN NIN verification banking, Nigeria fintech regulation, CBN online banking security policy</media:keywords>
</item>

<item>
<title>Fresh uncertainty hits Nigeria&amp;apos;s fuel sector amid a Dangote price hike and a sustained ban on import licenses.</title>
<link>https://thepressfly.com/fresh-uncertainty-hits-nigerias-fuel-sector-amid-a-dangote-price-hike-and-a-sustained-ban-on-import-licenses</link>
<guid>https://thepressfly.com/fresh-uncertainty-hits-nigerias-fuel-sector-amid-a-dangote-price-hike-and-a-sustained-ban-on-import-licenses</guid>
<description><![CDATA[ Nigeria’s downstream petroleum sector is facing fresh debate after the Dangote Petroleum Refinery increased its petrol depot price to N1,175 per litre amid rising global crude oil prices, while the Federal Government maintains the suspension of petrol import licences. The development has sparked differing views among oil marketers and industry stakeholders over domestic refining capacity, fuel supply stability, and the future of Nigeria’s fuel import policy. ]]></description>
<enclosure url="https://thepressfly.com/uploads/images/202603/image_870x580_69b5ddd44debd.jpg" length="137781" type="image/jpeg"/>
<pubDate>Sat, 14 Mar 2026 23:14:55 +0100</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>Dangote refinery petrol price increase, Nigeria petrol import licence suspension, NMDPRA fuel supply data, Nigeria downstream petroleum sector 2026, Dangote refinery capacity 650000 barrels, petrol price Nigeria N1175 per litre, Nigeria fuel supply debate, Brent crude price surge, Bonny Light crude price, Nigeria domestic refining policy</media:keywords>
</item>

<item>
<title>Canada’s Labour Market Faces Rising Pressure Amid Trade Tensions with the United States</title>
<link>https://thepressfly.com/canadas-labour-market-faces-rising-pressure-amid-trade-tensions-with-the-united-states</link>
<guid>https://thepressfly.com/canadas-labour-market-faces-rising-pressure-amid-trade-tensions-with-the-united-states</guid>
<description><![CDATA[ Canada’s labour market is facing growing pressure in 2026 as more than 100,000 full-time jobs have been lost amid rising unemployment and ongoing trade tensions with the United States. The latest labour report highlights concerns among economists and political leaders about the impact of tariffs and uncertainty surrounding the United States–Mexico–Canada trade agreement on the country’s economic outlook. ]]></description>
<enclosure url="https://thepressfly.com/uploads/images/202603/image_870x580_69b5dbceca2b2.jpg" length="81405" type="image/jpeg"/>
<pubDate>Sat, 14 Mar 2026 23:06:23 +0100</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>Canada unemployment rate 2026, Canada job losses 2026, Mark Carney economy, US tariffs on Canada, Canada US trade dispute, Canadian labour market, G7 unemployment comparison, USMCA trade agreement review, Canada economic outlook, Canadian employment statistics</media:keywords>
</item>

<item>
<title>Nigeria Suspends Petrol Import Licenses as Nigeria Prioritizes Domestic Refining</title>
<link>https://thepressfly.com/nigeria-suspends-petrol-import-licenses-as-nigeria-prioritizes-domestic-refining</link>
<guid>https://thepressfly.com/nigeria-suspends-petrol-import-licenses-as-nigeria-prioritizes-domestic-refining</guid>
<description><![CDATA[ Nigeria’s Federal Government has suspended the issuance of petrol import licences for the second consecutive month as regulators enforce the Petroleum Industry Act, prioritising domestic refining and boosting local production from facilities such as the Dangote Refinery. ]]></description>
<enclosure url="https://thepressfly.com/uploads/images/202603/image_870x580_69b1627908b5b.jpg" length="23189" type="image/jpeg"/>
<pubDate>Wed, 11 Mar 2026 13:39:37 +0100</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>Nigeria petrol import ban, PMS import licence suspension, Petroleum Industry Act Nigeria, Dangote Refinery petrol supply, NMDPRA petrol regulation, Nigeria fuel market, domestic refining Nigeria, petrol consumption Nigeria, fuel price increase Nigeria, Nigerian oil and gas sector</media:keywords>
</item>

<item>
<title>X Money: Elon Musk’s Vision for an Integrated Financial Ecosystem</title>
<link>https://thepressfly.com/x-money-elon-musks-vision-for-an-integrated-financial-ecosystem</link>
<guid>https://thepressfly.com/x-money-elon-musks-vision-for-an-integrated-financial-ecosystem</guid>
<description><![CDATA[ X Money is an upcoming digital payment service integrated into the X (formerly Twitter) platform, designed by Elon Musk to transform the social media app into a financial “super app.” The service will allow users to store funds, send peer-to-peer payments, tip creators, and potentially support cryptocurrencies while competing with major platforms like PayPal and Venmo. ]]></description>
<enclosure url="https://thepressfly.com/uploads/images/202603/image_870x580_69b0a14f25e24.jpg" length="93030" type="image/jpeg"/>
<pubDate>Tue, 10 Mar 2026 23:55:56 +0100</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>X Money, X Payments, Elon Musk X Money, X payment system, digital wallet on X, social media payments, peer to peer payments, creator monetization X, Visa Direct payments, X super app, cryptocurrency payments on X, Bitcoin payments, Dogecoin payments, fintech innovation, online payment platforms</media:keywords>
</item>

<item>
<title>Oil prices drop while stocks climb as the U.S. moves toward ending the Iran war.</title>
<link>https://thepressfly.com/oil-prices-drop-while-stocks-climb-as-the-us-moves-toward-ending-the-iran-war</link>
<guid>https://thepressfly.com/oil-prices-drop-while-stocks-climb-as-the-us-moves-toward-ending-the-iran-war</guid>
<description><![CDATA[ Global energy markets experienced a shift as oil and gas prices fell following comments from Donald Trump suggesting the conflict involving Iran may soon end. The decline in energy prices triggered a rebound in global stock markets including the FTSE 100, while investors continued to monitor tensions surrounding the Strait of Hormuz, a crucial route for global oil supply. ]]></description>
<enclosure url="https://thepressfly.com/uploads/images/202603/image_870x580_69b03f782fffd.jpg" length="140692" type="image/jpeg"/>
<pubDate>Tue, 10 Mar 2026 15:37:22 +0100</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>oil prices, global energy market, Donald Trump Iran conflict, Brent crude price, Strait of Hormuz oil supply, global stock markets, FTSE 100 index, gas prices UK, Middle East energy crisis, G7 energy reserves, global inflation oil impact</media:keywords>
</item>

<item>
<title>Global Oil Prices Jump 25% in Eight Days, Crossing $119 per Barrel as Iran War Escalates</title>
<link>https://thepressfly.com/global-oil-prices-jump-25-in-eight-days-crossing-119-per-barrel-as-iran-war-escalates</link>
<guid>https://thepressfly.com/global-oil-prices-jump-25-in-eight-days-crossing-119-per-barrel-as-iran-war-escalates</guid>
<description><![CDATA[ Global oil prices surged past $119 per barrel following escalating geopolitical tensions in the Middle East, supply cuts from major oil-producing countries, and disruptions near the Strait of Hormuz. The sharp rise in crude prices has triggered volatility in global markets and raised concerns about prolonged fuel price increases and energy supply instability. ]]></description>
<enclosure url="https://thepressfly.com/uploads/images/202603/image_870x580_69aebb45226c2.jpg" length="56374" type="image/jpeg"/>
<pubDate>Mon, 09 Mar 2026 12:53:18 +0100</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>oil prices surge, Brent crude price, WTI crude oil, global oil market, Middle East conflict oil impact, Strait of Hormuz disruption, energy market volatility, global fuel prices, oil supply cuts, crude oil price forecast</media:keywords>
</item>

<item>
<title>Oil prices rise sharply as Middle East Conflict Escalates</title>
<link>https://thepressfly.com/oil-prices-rise-sharply-as-middle-east-conflict-escalates</link>
<guid>https://thepressfly.com/oil-prices-rise-sharply-as-middle-east-conflict-escalates</guid>
<description><![CDATA[ Global oil prices surged sharply as escalating military tensions between the United States, Israel, and Iran threatened to disrupt energy supplies through the Strait of Hormuz. Brent crude and West Texas Intermediate recorded significant gains, while global stock markets declined amid fears of prolonged conflict, inflationary pressure, and supply chain instability. OPEC+ announced a production increase in response, but uncertainty continues to weigh heavily on financial markets worldwide. ]]></description>
<enclosure url="https://thepressfly.com/uploads/images/202603/image_870x580_69a5688df2297.jpg" length="61354" type="image/jpeg"/>
<pubDate>Mon, 02 Mar 2026 11:29:50 +0100</pubDate>
<dc:creator>admin</dc:creator>
<media:keywords>Oil prices surge, Middle East conflict, US Israel Iran tensions, Strait of Hormuz disruption, Brent crude, West Texas Intermediate, global energy supply, OPEC+ production increase, stock market decline, inflation impact, geopolitical risk, energy markets volatility, global financial markets</media:keywords>
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