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Nigeria is admitted as a partner country of the BRICS bloc

  • Nigeria has been admitted as a partner country of the BRICS bloc of developing economies, according to Brazil, the group's chair.
  • Nigeria is the ninth BRICS partner country, joining Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Thailand, Uganda, and Uzbekistan.
  • Brazil's government stated that Nigeria shares convergent interests with other members of BRICS, due to its large population and economy.
  • The bloc's leaders aim to introduce an alternative payment system that would not depend on the dollar.
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