Russia and Iran have joined forces to create an alternative to the SWIFT payment system that could power the BRICS alliance.

Brazil takes the helm at a moment when diplomatic pragmatism should take precedence over some of the bloc’s more polarizing initiatives.

BRICS wants to usher in an international order not so dominated by the West. To a lot of Global South countries, that's an appealing vision. The post There's a Reason BRICS Is the Hottest Multilateral Ticket in Town appeared first on World Politics Review.

BRICS is embedding transparency, security, and consumer rights protections into its e-commerce framework. This commitment to building trust from the outset makes cross-border e-commerce safer, giving businesses and consumers alike the confidence to engage in digital trade.

The Brazilian Government of Luiz Inácio Lula da Silva, in charge of the rotating presidency of the BRICS bloc, announced Friday that Nigeria, Africa's fourth-largest economy, was joining the alliance as a full member.

Nigeria has officially joined the economic bloc as its ninth partner state Brazil has announced Africas fourth-largest economy a

Nigeria has been admitted as a “partner country” of the BRICS bloc of developing economies. BRICS was formed by Brazil, Russia, India and China in 2009, with South Africa added in 2010, as a counterweight to the Group of Seven leading industrialized nations.

The decision to apply for membership reflects President Prabowo Subianto’s more proactive approach to foreign policy.

The Russian leader was invited to visit the South Asian nation by his counterpart Narendra Modi last year India and Russia are working on

Nigeria has officially joined BRICS as a partner country. This aligns with the group's strategy to increase its influence, particularly in opposing the G7 countries, with Russia playing a key role in this process.

Brazil noted that Nigeria and BRICS share a common interest as both actively strive to enhance cooperation among countries in the Global South.