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BRICS Nations Raise ‘Serious Concerns’ Over Trump Tariffs
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By Kayode Sanni-Arewa
BRICS leaders meeting in Rio de Janeiro on Sunday are expected to decry US President Donald Trump’s “indiscriminate” trade tariffs, saying they are illegal and risk hurting the global economy.
Emerging nations, which represent about half the world’s population and 40 per cent of global economic output, have united over “serious concerns” about US import tariffs, according to a draft summit statement obtained by AFP on Saturday.
Since coming to office in January, Trump has threatened allies and rivals alike with a slew of punitive duties.
His latest salvo comes in the form of letters informing trading partners of new tariff rates that will soon enter into force.
The draft summit declaration does not mention the United States or its president by name, and could yet be amended by leaders gathering for talks Sunday and Monday.
But it is a clear political shot directed at Washington from 11 emerging nations, including Brazil, Russia, India, China, and South Africa.
“We voice serious concerns about the rise of unilateral tariff and non-tariff measures which distort trade and are inconsistent with WTO (World Trade Organization) rules,” the draft text says.
It warns that such measures “threaten to further reduce global trade” and are “affecting the prospects for global economic development.”
Conceived two decades ago as a forum for fast-growing economies, the BRICS have come to be seen as a Chinese-driven counterbalance to Western power.
But the summit’s political punch will be depleted by the absence of China’s Xi Jinping, who is skipping the annual meeting for the first time in his 12 years as president.
That absence has prompted fevered speculation in some quarters.
“The simplest explanation may hold the most explanatory power. Xi recently hosted Lula in Beijing,” said Ryan Hass, a former China director at the US National Security Council who is now with the Brookings Institution think tank.
The Chinese leader will not be the only notable absentee.
War crime-indicted Russian President Vladimir Putin is also opting to stay away, but will participate via video link, according to the Kremlin.
Hass said Putin’s non-attendance and the fact that Indian Prime Minister Narendra Modi will be a guest of honour in Brazil could also be factors in Xi’s absence.
“Xi does not want to appear upstaged by Modi,” who will receive a state lunch, he said.
“I expect Xi’s decision to delegate attendance to Premier Li (Qiang) rests amidst these factors.”
Still, the Xi no-show is a blow to host President Luiz Inacio Lula da Silva, who wants Brazil to play a bigger role on the world stage.
In the year to November 2025, Brazil will have hosted a G20 summit, a BRICS summit, and COP30 international climate talks, all before heading into fiercely contested presidential elections next year, in which he is expected to run.
Lula warmly welcomed leaders and dignitaries on Saturday, including China’s Premier Li Qiang, as the leftist president hosted a pre-summit business forum in Rio.
“Faced with the resurgence of protectionism, it is up to emerging countries to defend the multilateral trade regime and reform the international financial architecture,” Lula told the event.
Iran’s President Masoud Pezeshkian, whose nation is still reeling from a 12-day conflict with Israel, is also skipping the meeting and will be represented by Foreign Minister Abbas Araghchi.
A source familiar with the negotiations said Iran had sought a tougher condemnation of Israel and the United States over their recent bombing of Iranian military, nuclear, and other sites.
But one diplomatic source said the text would give the “same message” that BRICS delivered last month.
Also Read: Israeli Air Strike Kills Hamas Leader Mohammed Sinwar
Then Iran’s allies expressed “grave concern” about strikes against Iran, but did not explicitly mention Israel or the United States.
Artificial intelligence and health will also be on the agenda at the summit.
Original members of the bloc, Brazil, Russia, India, and China, have been joined by South Africa and, more recently, Saudi Arabia, Iran, the United Arab Emirates, Egypt, Ethiopia, and Indonesia.
(AFP)
News
Flooding: FCTA begins desilting of drains, warns against vandalism, illegal structures
The Federal Capital Territory Administration (FCTA) has commenced a city-wide desilting of drainage channels following heavy torrential rainfalls that triggered flash floods across parts of the nation’s capital.
Inspecting the ongoing clearance operations along the Airport Expressway on Thursday, Mr Richard Dauda, acting Executive Secretary of the Federal Capital Development Authority (FCDA), said the exercise was directed by the FCT Minister, Mr Nyesom Wike.
The directive followed a flash flood that flooded the Airport Expressway on Tuesday.
According to Dauda, the effort is to mitigate flood risks during the peak of the rainy season.
Dauda noted that while recent downpours align with earlier meteorological warnings and climate change trends, the Abuja Master Plan inherently recognises certain areas, including the Airport Expressway axis as flood plains.
He assured residents that while resilient infrastructure was originally built to handle high water volumes, human activities have severely compromised its efficiency.
“Some of these drainage facilities over time have been silted. Part of the cause is residents dumping refuse into drainage channels.
“When rain falls, it washes down polythene bags, waste, and even large objects that block the outlets,” he said.
Dauda highlighted two major human factors aggravating the flash floods: illegal development and widespread infrastructure vandalism.
Exposing a major choke point along the expressway, Dauda pointed to a triple-cell box culvert meant to discharge a powerful stream flowing from the Galadima Roundabout.
He explained that a private developer had illegally constricted the waterway further downstream by constructing retaining walls to expand a personal plot.
“What that causes is that the volume of water that ought to pass no longer passes, causing detention, backflow, and eventual flooding.
“To restore adequate discharge capacity, we must remove the structures built by this developer,” he said.
Dauda also decried the theft of metal gully inlet covers by vandals, which allows large debris to flow directly into underground drains instead of being sieved at the surface.
“When vandals steal these covers, it’s like stealing from yourself as a taxpayer,” he remarked.
To permanently curb the theft, he revealed that the FCDA is exploring replacement materials made from non-recyclable compounds rather than steel or cast iron.
The FCDA boss confirmed that workers were already desilting trapezoidal drains, U-channels, and culvert outlets along the Airport Expressway, with plans to reconstruct damaged points where necessary.
Dauda urged Abuja residents to stop dumping refuse into waterways, warning that government infrastructure can only protect the city if public cooperation is guaranteed.
News
Flooding: FCTA begins desilting of drains along Airport, Other Areas(Photos)
The Federal Capital Territory Administration, FCTA has began disilting of accumulated silt, sand and other objects blocking drains are being removed.
Men from FCTA were captured on camera as they clear blockades caused by flood.
See photos below:






News
See Black Market Dollar to Naira exchange rate today 3rd September 2026
The Black Market Dollar-to-Naira Exchange Rate for 3rd September 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The exchange rate fluctuates hourly based on the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 3rd September 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1403 and buy at ₦1395 on Thursday, 3rd September, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1405
Buying Rate ₦1395
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1335
Lowest Rate ₦1326
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