Professor Efem Ubi has stressed the need to embrace BRICS partnership for Nigeria's economic and strategic gains.

Despite the threat of a trade war with the U.S., economists and analysts tell CNBC that this will not stop BRICS from expanding.

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.

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

A Russian diplomat said Monday that his country had engaged in talks to use local currencies for trade with BRICS newcomer Indonesia as Moscow remained an outcast from the international system for cross-border transactions.

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.

Saudi Arabia’s membership in the Brics bloc of emerging economies is still being assessed more than a year after the kingdom was invited to join the alliance, according to the country’s minister of economy and planning.

The big BRICS countries now have three formal partners on the continent with economies growing much faster than South Africa's, and bigger markets in terms of population, if not available cash.

Russia will facilitate Vietnam’s participation in the BRICS bloc of developing economies as a “partner country.”

BRICS, which stands for Brazil, Russia, India, China and South Africa, has been pushing to expand in recent years as it grows in clout and has accepted other countries including Egypt, Ethiopia, Indonesia and United Arab Emirates. The group also has a number of partner states, including Malaysia and Thailand.

Kazan is preparing to host the BRICS and SCO Young Leaders Award, scheduled to take place from 24th to 26th January. This international event aims to identify talented youth and recognise their contributions to socially significant fields.