IBOV 172,742 ▲ 1.22% IPSA 11,025 ▲ 0.72% IPC MEX 66,107 ▼ 0.75% MERVAL 3,202,490 ▼ 0.67% COLCAP 2,292.75 ▼ 0.87% BVL PERÚ 54,904.64 ▲ 2.35% USD/BRL5.12▲ 0.06% USD/MXN17.52▼ 0.17% USD/CLP924.60▼ 0.33% USD/COP3,301▼ 1.27% USD/PEN3.40▼ 0.15% USD/ARS1,487▼ 0.03% USD/UYU40.30▲ 1.41% USD/PYG6,061▲ 1.64% USD/BOB9.85▲ 1.04% USD/DOP58.47▼ 0.14% USD/CRC450.34▲ 1.74% USD/GTQ7.62▲ 2.23% USD/HNL26.72▲ 1.48% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.73▲ 0.97% EUR/BRL5.85▼ 0.76% BRENT 76.67 ▲ 0.48% WTI 72.27 ▲ 0.26% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.76% GOLD 4,108 ▼ 0.56% SILVER 59.92 ▼ 0.77% SOY 1,182 ▲ 0.17% CORN 453.75 ▲ 6.08% WHEAT 633.00 ▲ 3.56% COFFEE 319.80 ▼ 10.41% SUGAR 14.95 ▼ 1.12% ORANGE JUICE 147.10 ▼ 1.87% COTTON 80.08 ▲ 5.15% COCOA 5,836 ▼ 7.50% BEEF 231.60 ▼ 2.54% CATTLE 356.28 ▼ 1.60% LITHIUM 72.82 ▲ 0.97% PETR4 39.21 ▼ 1.11% VALE3 73.15 ▲ 0.62% ITUB4 42.59 ▲ 1.67% BBDC4 18.00 ▲ 1.75% ABEV3 15.72 ▲ 0.64% BBAS3 20.00 ▲ 2.41% B3SA3 14.79 ▲ 3.86% WEGE3 45.74 ▲ 0.86% PRIO3 55.61 ▼ 1.44% SUZB3 41.03 ▲ 0.49% RENT3 39.40 ▲ 1.44% AZZA3 18.46 ▲ 3.13% CSAN3 3.86 ▲ 2.93% RAIZ4 0.37 ▼ 2.63% PCAR3 2.76 ▲ 1.85% GMAT3 3.93 ▲ 5.08% PSSA3 53.35 ▲ 1.62% CVCB3 1.25 ▲ 2.46% POSI3 3.85 ▲ 1.85% SLCE3 13.79 ▲ 4.39% NATU3 8.46 ▼ 0.47% BRKM5 6.36 ▲ 3.58% RANI3 7.86 ▼ 0.25% CSNA3 4.80 ▲ 2.78% CMIN3 4.83 ▲ 3.65% USIM5 8.35 — 0.00% GGBR4 22.48 ▲ 1.54% ENEV3 26.20 ▲ 2.75% CPFE3 46.29 ▲ 1.83% CMIG4 11.08 ▲ 2.59% EQTL3 39.51 ▲ 2.23% LREN3 14.15 ▲ 3.21% VIVT3 34.50 ▲ 0.55% RAIL3 13.75 ▲ 3.77% KLABIN 17.40 ▲ 1.40% RAIA DROGASIL 18.13 ▲ 4.68% RDOR3 35.15 ▲ 3.14% HAPV3 10.07 ▲ 1.10% FLRY3 15.75 ▲ 2.21% SMTO3 16.05 ▲ 5.25% UGPA3 30.10 ▲ 2.52% VBBR3 32.10 ▲ 1.42% BBSE3 39.28 ▲ 1.37% BPAC11 55.68 ▲ 3.21% CURY3 32.70 ▲ 4.37% AERI3 2.06 ▲ 1.48% VIVARA 22.58 ▲ 1.85% COMPASS 24.68 ▲ 0.65% VAMOS 2.96 ▲ 5.34% SANB11 26.25 ▲ 2.54% ASAI3 8.46 ▼ 0.35% SBSP3 30.00 ▲ 2.56% WALMEX 49.06 ▼ 1.25% GMEXICO 195.90 ▼ 0.35% FEMSA 222.73 ▼ 1.00% CEMEX 21.66 ▲ 1.26% GFNORTE 185.51 ▼ 0.76% BIMBO 56.10 ▼ 1.34% TELEVISA 9.50 ▼ 0.42% AMX 22.70 ▼ 2.24% GAP 412.12 ▼ 0.87% ASUR 283.61 ▼ 0.38% OMA 238.51 ▲ 1.15% KOF 180.82 ▼ 1.26% GRUMA 283.26 ▲ 0.17% KIMBER 38.49 ▼ 0.75% SQM-B 69,100 ▼ 0.58% COPEC 6,020 ▼ 0.17% BSANTANDER 77.50 ▲ 0.52% FALABELLA 5,851 ▼ 0.49% ENELAM 84.16 ▼ 1.44% CENCOSUD 2,057 ▼ 1.08% CMPC 1,095 ▲ 1.47% BANCO CHILE 187.00 ▲ 0.84% LATAM AIR 26.40 ▲ 3.53% YPF 75,775 — 0.00% GGAL 7,880 — 0.00% PAMPA 5,205 — 0.00% TXAR 664.50 — 0.00% ALUAR 968.50 — 0.00% TGS 9,310 — 0.00% CEPU 2,315 — 0.00% MIRGOR 17,200 — 0.00% COME 45.42 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,120 — 0.00% ECOPETROL 15.39 ▲ 1.72% BANCOLOMBIA 80.93 ▲ 1.15% GRUPO AVAL 5.02 ▲ 3.72% CREDICORP 391.77 ▲ 2.70% SOUTHERN COPPER 174.43 ▲ 4.32% BUENAVENTURA 29.56 ▲ 4.23% MERCADOLIBRE 1,808 ▼ 0.09% NUBANK 13.67 ▲ 2.24% XP 16.41 ▲ 6.28% PAGSEGURO 9.00 ▲ 2.62% STONE 10.96 ▲ 4.18% GLOBANT 31.29 ▲ 4.65% TECNOGLASS 43.20 ▼ 1.68% GAP AIRPORT 234.47 ▼ 0.77% ASUR 283.61 ▼ 0.38% OMA AIRPORT 108.33 ▲ 0.96% AMX ADR 25.84 ▼ 2.16% FEMSA ADR 127.07 ▼ 0.57% CEMEX ADR 12.37 ▲ 1.64% PETROBRAS ADR 17.03 ▼ 1.22% VALE ADR 14.22 ▲ 1.21% ITAU ADR 8.28 ▲ 1.47% SANTANDER BR 5.14 ▲ 1.98% AMBEV ADR 3.04 ▲ 0.66% CSN 0.95 ▲ 3.52% GERDAU 4.41 ▲ 2.56% LATAM ADR 57.04 ▲ 4.66% BTC 64,259 ▲ 1.69% ETH 1,792 ▲ 2.75% SOL 78.92 ▲ 1.12% XRP 1.11 ▲ 1.30% BNB 573.61 ▲ 0.90% ADA 0.17 ▲ 0.71% DOGE 0.07 ▲ 1.55% AVAX 6.74 ▲ 0.85% LINK 7.95 ▲ 2.87% DOT 0.88 ▲ 6.53% LTC 44.52 ▲ 1.72% BCH 249.59 ▲ 4.97% TRX 0.33 ▼ 0.53% XLM 0.19 ▲ 2.78% HBAR 0.07 ▲ 1.30% NEAR 1.92 ▲ 0.18% ATOM 1.58 ▲ 1.75% AAVE 96.17 ▲ 5.39% SELIC 14.25% EMBRAER 83.86 ▲ 2.90% EMBRAER ADR 65.54 ▲ 3.34% JBS 11.73 ▼ 0.76% JBS BDR 60.05 ▼ 1.40% MBRF3 15.41 ▲ 0.20% MBRFY 3.00 — 0.00% INTER 5.71 ▲ 2.51% EGX 52,312 ▲ 0.54% USD/ZAR16.32▼ 0.05% USD/NGN 1,375 — 0.00% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.79▼ 0.37% USD/CNY6.76▼ 0.41% DAX 25,154 ▲ 0.14% CAC 8,341 ▲ 0.17% FTSE 10,491 ▲ 0.18% MIB 52,757 ▲ 0.72% IBEX 19,420 ▲ 0.50% STOXX 642.31 ▲ 0.22% EUR/USD1.14▼ 0.01% GBP/USD1.34▲ 0.17% SPX 7,544 ▲ 0.81% DJI 52,487 ▲ 0.27% NDX 29,727 ▲ 1.62% RUT 2,993 ▲ 1.22% TSX 35,200 ▲ 0.76% VIX 15.80 ▼ 0.25% USD/CAD1.41▼ 0.16% US10Y 4.5390 ▼ 0.66% IBOV 172,742 ▲ 1.22% IPSA 11,025 ▲ 0.72% IPC MEX 66,107 ▼ 0.75% MERVAL 3,202,490 ▼ 0.67% COLCAP 2,292.75 ▼ 0.87% BVL PERÚ 54,904.64 ▲ 2.35% USD/BRL 5.11 ▼ 0.11% USD/MXN 17.52 ▼ 0.17% USD/CLP 924.45 ▼ 0.35% USD/COP 3,301 ▼ 1.27% USD/PEN 3.40 ▼ 0.12% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.30 ▲ 1.41% USD/PYG 6,061 ▲ 1.64% USD/BOB 9.85 ▲ 1.04% USD/DOP 58.47 ▼ 0.14% USD/CRC 450.34 ▲ 1.74% USD/GTQ 7.62 ▲ 2.23% USD/HNL 26.72 ▲ 1.48% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.07 ▲ 0.80% USD/TTD 6.73 ▲ 0.97% EUR/BRL 5.85 ▼ 0.76% BRENT 76.67 ▲ 0.48% WTI 72.27 ▲ 0.26% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.76% GOLD 4,108 ▼ 0.56% SILVER 59.92 ▼ 0.77% SOY 1,182 ▲ 0.17% CORN 453.75 ▲ 6.08% WHEAT 633.00 ▲ 3.56% COFFEE 319.80 ▼ 10.41% SUGAR 14.95 ▼ 1.12% ORANGE JUICE 147.10 ▼ 1.87% COTTON 80.08 ▲ 5.15% COCOA 5,836 ▼ 7.50% BEEF 231.60 ▼ 2.54% CATTLE 356.28 ▼ 1.60% LITHIUM 72.82 ▲ 0.97% PETR4 39.21 ▼ 1.11% VALE3 73.15 ▲ 0.62% ITUB4 42.59 ▲ 1.67% BBDC4 18.00 ▲ 1.75% ABEV3 15.72 ▲ 0.64% BBAS3 20.00 ▲ 2.41% B3SA3 14.79 ▲ 3.86% WEGE3 45.74 ▲ 0.86% PRIO3 55.61 ▼ 1.44% SUZB3 41.03 ▲ 0.49% RENT3 39.40 ▲ 1.44% AZZA3 18.46 ▲ 3.13% CSAN3 3.86 ▲ 2.93% RAIZ4 0.37 ▼ 2.63% PCAR3 2.76 ▲ 1.85% GMAT3 3.93 ▲ 5.08% PSSA3 53.35 ▲ 1.62% CVCB3 1.25 ▲ 2.46% POSI3 3.85 ▲ 1.85% SLCE3 13.79 ▲ 4.39% NATU3 8.46 ▼ 0.47% BRKM5 6.36 ▲ 3.58% RANI3 7.86 ▼ 0.25% CSNA3 4.80 ▲ 2.78% CMIN3 4.83 ▲ 3.65% USIM5 8.35 — 0.00% GGBR4 22.48 ▲ 1.54% ENEV3 26.20 ▲ 2.75% CPFE3 46.29 ▲ 1.83% CMIG4 11.08 ▲ 2.59% EQTL3 39.51 ▲ 2.23% LREN3 14.15 ▲ 3.21% VIVT3 34.50 ▲ 0.55% RAIL3 13.75 ▲ 3.77% KLABIN 17.40 ▲ 1.40% RAIA DROGASIL 18.13 ▲ 4.68% RDOR3 35.15 ▲ 3.14% HAPV3 10.07 ▲ 1.10% FLRY3 15.75 ▲ 2.21% SMTO3 16.05 ▲ 5.25% UGPA3 30.10 ▲ 2.52% VBBR3 32.10 ▲ 1.42% BBSE3 39.28 ▲ 1.37% BPAC11 55.68 ▲ 3.21% CURY3 32.70 ▲ 4.37% AERI3 2.06 ▲ 1.48% VIVARA 22.58 ▲ 1.85% COMPASS 24.68 ▲ 0.65% VAMOS 2.96 ▲ 5.34% SANB11 26.25 ▲ 2.54% ASAI3 8.46 ▼ 0.35% SBSP3 30.00 ▲ 2.56% WALMEX 49.06 ▼ 1.25% GMEXICO 195.90 ▼ 0.35% FEMSA 222.73 ▼ 1.00% CEMEX 21.66 ▲ 1.26% GFNORTE 185.51 ▼ 0.76% BIMBO 56.10 ▼ 1.34% TELEVISA 9.50 ▼ 0.42% AMX 22.70 ▼ 2.24% GAP 412.12 ▼ 0.87% ASUR 283.61 ▼ 0.38% OMA 238.51 ▲ 1.15% KOF 180.82 ▼ 1.26% GRUMA 283.26 ▲ 0.17% KIMBER 38.49 ▼ 0.75% SQM-B 69,100 ▼ 0.58% COPEC 6,020 ▼ 0.17% BSANTANDER 77.50 ▲ 0.52% FALABELLA 5,851 ▼ 0.49% ENELAM 84.16 ▼ 1.44% CENCOSUD 2,057 ▼ 1.08% CMPC 1,095 ▲ 1.47% BANCO CHILE 187.00 ▲ 0.84% LATAM AIR 26.40 ▲ 3.53% YPF 75,775 — 0.00% GGAL 7,880 — 0.00% PAMPA 5,205 — 0.00% TXAR 664.50 — 0.00% ALUAR 968.50 — 0.00% TGS 9,310 — 0.00% CEPU 2,315 — 0.00% MIRGOR 17,200 — 0.00% COME 45.42 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,120 — 0.00% ECOPETROL 15.39 ▲ 1.72% BANCOLOMBIA 80.93 ▲ 1.15% GRUPO AVAL 5.02 ▲ 3.72% CREDICORP 391.77 ▲ 2.70% SOUTHERN COPPER 174.43 ▲ 4.32% BUENAVENTURA 29.56 ▲ 4.23% MERCADOLIBRE 1,808 ▼ 0.09% NUBANK 13.67 ▲ 2.24% XP 16.41 ▲ 6.28% PAGSEGURO 9.00 ▲ 2.62% STONE 10.96 ▲ 4.18% GLOBANT 31.29 ▲ 4.65% TECNOGLASS 43.20 ▼ 1.68% GAP AIRPORT 234.47 ▼ 0.77% ASUR 283.61 ▼ 0.38% OMA AIRPORT 108.33 ▲ 0.96% AMX ADR 25.84 ▼ 2.16% FEMSA ADR 127.07 ▼ 0.57% CEMEX ADR 12.37 ▲ 1.64% PETROBRAS ADR 17.03 ▼ 1.22% VALE ADR 14.22 ▲ 1.21% ITAU ADR 8.28 ▲ 1.47% SANTANDER BR 5.14 ▲ 1.98% AMBEV ADR 3.04 ▲ 0.66% CSN 0.95 ▲ 3.52% GERDAU 4.41 ▲ 2.56% LATAM ADR 57.04 ▲ 4.66% BTC 64,259 ▲ 1.69% ETH 1,792 ▲ 2.75% SOL 78.92 ▲ 1.12% XRP 1.11 ▲ 1.30% BNB 573.61 ▲ 0.90% ADA 0.17 ▲ 0.71% DOGE 0.07 ▲ 1.55% AVAX 6.74 ▲ 0.85% LINK 7.95 ▲ 2.87% DOT 0.88 ▲ 6.53% LTC 44.52 ▲ 1.72% BCH 249.59 ▲ 4.97% TRX 0.33 ▼ 0.53% XLM 0.19 ▲ 2.78% HBAR 0.07 ▲ 1.30% NEAR 1.92 ▲ 0.18% ATOM 1.58 ▲ 1.75% AAVE 96.17 ▲ 5.39% SELIC 14.25% EMBRAER 83.86 ▲ 2.90% EMBRAER ADR 65.54 ▲ 3.34% JBS 11.73 ▼ 0.76% JBS BDR 60.05 ▼ 1.40% MBRF3 15.41 ▲ 0.20% MBRFY 3.00 — 0.00% INTER 5.71 ▲ 2.51% EGX 52,312 ▲ 0.54% USD/ZAR 16.31 ▲ 0.01% USD/NGN 1,375 — 0.00% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.83 ▼ 0.33% USD/CNY 6.7643 ▼ 0.40% DAX 25,154 ▲ 0.14% CAC 8,341 ▲ 0.17% FTSE 10,491 ▲ 0.18% MIB 52,757 ▲ 0.72% IBEX 19,420 ▲ 0.50% STOXX 642.31 ▲ 0.22% EUR/USD 1.1432 ▼ 0.02% GBP/USD 1.3424 ▲ 0.15% SPX 7,544 ▲ 0.81% DJI 52,487 ▲ 0.27% NDX 29,727 ▲ 1.62% RUT 2,993 ▲ 1.22% TSX 35,200 ▲ 0.76% VIX 15.80 ▼ 0.25% USD/CAD 1.4147 ▼ 0.13% US10Y 4.5390 ▼ 0.66%
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Africa Western Africa

Nigeria Joins BRICS as Partner Country, Expanding Global South Influence

By · January 18, 2025 · 2 min read

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Brazil’s government announced Nigeria’s acceptance as a BRICS partner country on January 17, 2025. The move adds Africa’s largest economy to the growing alliance of emerging markets. Nigeria becomes the ninth BRICS partner, joining Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Thailand, Uganda, and Uzbekistan.

BRICS aims to boost cooperation among developing nations and reform global governance structures. The group now represents over half the world’s population and more than 45% of global GDP. This expansion signals BRICS’ rising clout on the international stage.

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Nigeria brings significant economic weight to BRICS as one of Africa’s top oil producers. The country boasts a population of over 200 million, the largest on the continent. Its inclusion strengthens BRICS’ foothold in Africa alongside existing members South Africa and Egypt.

(Video Lagos, Nigeria’s capital)

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The partnership status allows Nigeria to participate in BRICS meetings and events. However, it does not grant full membership privileges like voting rights. Brazil, which holds the 2025 BRICS presidency, pushed for Nigeria’s inclusion to diversify the bloc.

BRICS has steadily expanded its roster in recent years. The group added five new full members in 2024 and 2025: Iran, the UAE, Egypt, Ethiopia, and Indonesia. Indonesia’s entry on January 7, 2025, marked the first Southeast Asian nation to join BRICS.

This growth reflects BRICS’ ambition to reshape the global economic order. The bloc seeks to reduce reliance on Western-dominated institutions like the IMF and World Bank. It has discussed creating its own reserve currency to challenge dollar hegemony.

Nigeria Joins BRICS as Partner Country, Expanding Global South Influence

Critics argue BRICS remains a loose alliance with diverging interests among members. Supporters claim it offers an alternative pole in an increasingly multipolar world. Nigeria’s entry bolsters BRICS’ credentials as a voice for the Global South.

The move comes as Nigeria grapples with economic challenges at home. Inflation and unemployment remain high despite the country’s vast oil wealth. Some hope BRICS ties will boost trade and investment to drive growth.

Others worry closer alignment with China and Russia could strain Nigeria’s Western relationships. The government insists it can balance ties with all major powers. Nigeria’s BRICS role will likely evolve as the partnership develops in coming years.

Nigeria Joins BRICS as Partner Country, Expanding Global South Influence

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