
Nigeria has been admitted as a partner country to the Brics bloc of developing economies, adding one of Africa's largest economies to the growing alliance of emerging market countries. Brazil, the group's chair, said Nigeria's interests converged with other members of the group.
Brics was formed by Brazil, Russia, India and China in 2009 as a counterweight to the Group of Seven (G7) leading industrialised nations. South Africa was added in 2010.