Nigeria’s trade with BRICS countries jumped to N5.41tn in the first quarter of 2025, more than three times higher than the N1.54tn recorded from exports to the United States. This was according to an analysis of data from the National Bureau of Statistics’ foreign trade statistics report. The significant rise shows a major shift in…
United States President Donald Trump says countries aligning themselves with the “Anti-American policies of BRICS” will be charged an additional 10 percent tariff. “There will be no exceptions to this policy,” Trump said in a Truth Social post. His announcement comes as the US begins formally notifying affected countries of the tariffs declared earlier this…
President Bola Tinubu is calling for urgent reforms in the global financial, healthcare, and governance systems, saying it’s time to prioritize fairness, inclusion, and the interests of emerging economies, especially Africa. Speaking at the 17th BRICS Summit in Rio de Janeiro, Brazil, President Tinubu said global inequalities in healthcare, climate action, and financing continue to…
BRICS leaders meeting in Rio de Janeiro on Sunday are expected to decry US President Donald Trump’s “indiscriminate” trade tariffs, saying they are illegal and risk hurting the global economy. Emerging nations, which represent about half the world’s population and 40 per cent of global economic output, have united over “serious concerns” about US import…
President Bola Tinubu has arrived in Rio de Janeiro, Brazil, to participate in the 17th Summit of Heads of State and Government for the Global South and Emerging Economic Bloc. The block includes Brazil, Russia, India, China, and South Africa, also called the BRICS. The President’s flight touched down at the Galeao Air Force Base…
President Bola Tinubu will embark on a two-nation tour on Saturday, June 28, 2025, with scheduled visits to Saint Lucia and Brazil This was contained in a Friday statement by presidential aide, Bayo Onanuga. In Saint Lucia, Tinubu is expected to meet with the Governor-General, Cyril Errol Melchiades Charles, and Prime Minister Philip Pierre. He…
US President Donald Trump delivered a blunt warning to Brics nations on Thursday, declaring that if they proceed with launching a common currency, they would face a 100% tariff on all imports into the United States. He also asserted that “Brics is dead.” This statement came just hours before his scheduled meeting with Prime Minister…
President Donald Trump has threatened the BRICS group of emerging economies with tariffs of 100 per cent if they move away from the U.S. dollar as an international means of payment. “The idea that the BRICS countries are trying to move away from the dollar while we stand by and watch is over,” Mr Trump…
Nigeria has officially joined Brazil, Russia, India, China, and South Africa (BRICS), an intergovernmental organisation that aims to promote economic and geopolitical cooperation among its member countries. This was confirmed by the Brazilian government in a statement issued on its website on Friday, which said that Nigeria becomes the ninth partner country of BRICS, alongside…
Nigeria has officially joined BRICS as a partner country, alongside 12 other nations, further strengthening its economic ties with the intergovernmental bloc. This announcement was made at the ongoing BRICS summit in Kazan, Russia, held from October 22 to 24, 2024. Nigeria’s inclusion comes on the heels of a significant surge in foreign capital inflows…