Just another News Updates
The 2024 BRICS summit, themed “Strengthening Multilateralism for Fair Global Development and Security,” became a landmark event in the quest for global economic balance and efforts to bridge the financial divide between the Global North and South. The summit reinforced a vision of multilateralism as a sustainable pathway to global development and security, contrasting sharply […]
In a move aimed at expanding its global influence, the BRICS alliance has announced the inclusion of Nigeria, alongside 12 other nations, as new partners. The announcement was made through a post on the alliance’s official X (formerly Twitter) account, listing Nigeria, Algeria, and Uganda as the three African nations invited to join the group […]
Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, has reaffirmed the country’s interest in joining BRICS, an influential economic alliance consisting of Brazil, Russia, India, China, and South Africa. During an interview on Channels Television’s Politics Today on Sunday, Tuggar highlighted that while Nigeria has not yet formally applied for BRICS membership, the country intends to […]
Reports indicate that the BRICS economic alliance is gearing up to establish its own central bank to issue its native currency. Russia’s Deputy Foreign Minister, Sergei Ryabkov, emphasized the importance of this bank in the eventual launch of the BRICS currency. During a discussion regarding the progress of a common BRICS currency, Ryabkov highlighted the […]
In a remarkable initiative poised to reshape global economic dynamics, the BRICS (Brazil, Russia, India, China, and South Africa) alliance is gearing up to unveil its own currency on April 1, 2024. The announcement comes with a slew of implications, signaling a bold move away from traditional financial systems dominated by the US dollar and […]
Nigeria is poised to join Russia and China in the BRICS group, potentially initiating crude oil trading in Naira. The President Bola Tinubu-led administration is actively pursuing BRICS membership, as announced by an international union on X (formerly Twitter) on Friday. The move signifies Nigeria’s intention to diversify its economic alliances and reduce dependence on […]
In a bid to reduce dependency on the US dollar and assert greater control over global trade dynamics, the BRICS alliance is contemplating the launch of a unified currency akin to the Euro. The alliance, comprised of Brazil, Russia, India, China, and South Africa, seeks to foster financial autonomy and bolster economic cooperation among member […]