The Defense Industries Corporation of Nigeria (DICON), a government-owned organization created in 1964, was established to produce military equipment and ammunition for the Nigerian Armed Forces. Recently, it’s been making waves, thanks to the new DICON Act, which aims to boost local production of military gear and even export these
The BRICS group—Brazil, Russia, India, China, and South Africa—has become the center of attention for many developing countries that feel left out by Western institutions like the World Bank and IMF. These countries believe these organizations don’t treat them fairly or as equals, and they’re looking to BRICS for a
BRICS, a powerful international group, was formed in 2006, starting with Brazil, Russia, India, and China. In 2011, South Africa joined, expanding the group’s influence. Now, as of 2024, new members have been welcomed: Egypt, Iran, the UAE, Saudi Arabia, and Ethiopia. Though Saudi Arabia hasn’t formalized its membership yet,
From October 22 to 24, 2024, the city of Kazan in Russia will host the 16th annual BRICS Summit. This summit is particularly important because it comes at a time when many countries are eager to join the group, which consists of Brazil, Russia, India, China, and South Africa. After
As top finance officials from around the world prepare to meet in Washington, the International Monetary Fund (IMF) is sending a strong warning: it’s time for countries to get their finances in order. With a crucial U.S. election just weeks away and memories of a recent inflation crisis still fresh,
Vice President Kamala Harris is making a big promise to Black voters that could shape the 2024 presidential election. On Monday, she’s announcing plans to legalize recreational marijuana, protect cryptocurrency assets, and offer 1 million loans to Black entrepreneurs. These moves are all part of her strategy to win over
This year marks the first time that BRICS—a group of five major emerging economies, now expanded to include ten members—will hold a summit since its expansion. The big event will take place from October 22 to 24 in Kazan, Russia. One of the key topics everyone is buzzing about is
Ukrainian President Volodymyr Zelensky has just signed an important law that allows the government to sell state-owned banks. This decision, announced on the Verkhovna Rada’s website, is a big step in changing how banks operate in Ukraine. Why Is This Happening? The law, which was passed by the Rada on
Since the UK decided to leave the European Union (EU) in 2016, the City of London, known for its rich history and financial power, has faced a serious job crisis. According to the mayor of the City, Michael Mainelli, around 40,000 jobs have disappeared since the Brexit decision. He described
