World
Why Nigerians Are Betting on Greece’s Golden Visa
For decades, Greece has charmed travellers with its ancient history, postcard islands, and Mediterranean lifestyle. But today, beyond Santorini sunsets and Mykonos beaches, the country is carving out a new reputation as one of Europe’s hottest real estate and residency destinations.
With its stable EU membership, strategic location at the crossroads of Europe, Asia, and Africa, and a real estate market gaining international attention, Greece is attracting a growing wave of investors, including many from Nigeria who see real estate as a gateway to Europe, lifestyle benefits, and financial returns.
Greece: A Market on the Rise
After a decade of reforms and recovery, Greece’s economy has regained momentum. The Organisation for Economic Co-operation and Development (OECD) projects growth above 2% in 2025 with similar momentum in 2026, supported by EU recovery funds and steady investment inflows.
According to the Bank of Greece, for 2024 as a whole, prices increased on average by 8.2% in Athens, with projections indicating continued upward trends. The Bank of Greece also reported that foreign investment in Greek real estate reached €2.75 billion in 2024, nearly 29% higher than the previous year.
The Golden Visa Advantage
Central to this surge is the Greek Golden Visa, launched in 2013, and still one of Europe’s most competitive residency-by-investment programs. With a minimum threshold of €250,000 when investing in real estate, the lowest in Europe, investors secure not only property but also residency rights, granting visa-free access across 29 countries in the Schengen Area.
The programme extends beyond the investor to include spouses, children, and even parents, making it a three-generation pathway. With no mandate to live in Greece, investors still benefit from access to healthcare, schools, and the right to rent out the property for income. After seven years, investors stand a chance to apply for citizenship.
According to a recent report by the Bank of Greece, foreign direct investment (FDI) rose nearly 42% in the first half of 2025, compared to the same period in 2024, as stated in ekathimerini.com, with Golden Visa applicants playing a major role in driving demand.
Experts have advised that while Greece’s market remains attractive, selectiveness is now key as more buyers are eyeing properties offering long-term value rather than quick flips.
Increasing Appetite of Nigerians
With a domestic economic climate marked by currency fluctuations, limited overseas mobility, and concerns over local asset risk, many Nigerian high-net-worth individuals now look towards Greece as a location for diversification of wealth and lush lifestyle. Real estate consultants and analysts report increasing inquiries about Golden Visa properties, with Greece frequently mentioned alongside Portugal and Spain. Tax policies such as zero or reduced VAT on new builds, favourable capital gains conditions, and relatively low property taxes enhance the attractiveness for foreign buyers.
Against this backdrop, global developers and advisory firms are helping African investors enter the Greek market more confidently. Chief among them is MIBS Group, a leading Greek real estate developer with over 40 years of experience in delivering contemporary properties in prime locations of Athens, the capital of Greece, and a sales network in more than 35 countries, providing investors with end-to-end support. Its recent arrival in the Nigerian market boosts the prospect of cultural familiarity, making the process less complicated for investors seeking value in the citizenship-by-investment market.
Sector insiders disclosed that what stands MIBS Group in a crowded field is that it does not operate like a passport dealer but like a trusted curator.
“While many firms chase volume, MIBS Group leans on credibility, compliance, and a broader vision of citizenship as a lasting asset. Its model is built on regulatory rigour and attention to detail, important elements in a sector blemished by shortcut artists,” explained a sector operator.
Another player in the sector hinted that MIBS Group reshapes citizenship as something beyond visa-free movement into a pathway to wealth diversification, education, and legacy planning.
“They appear very close to their clients in a way that ensures a smooth and worry-free experience. They offer end-to-end services, from land acquisition, sales, and immigration guidance to after-sales support and property management. That way, they turn what could be a gamble into a structured plan,” he stated.
The Bigger Picture
Greece today offers more than luscious views. Additionally, it offers a combination of regulatory incentives, growing property value, and the promise of European residence. For investors looking outward, Greece serves as a safe haven for capital as well as a gateway into Europe.
World
Russia Expands Military-Technical Cooperation With African Partners
By Kestér Kenn Klomegâh
Despite geopolitical complexities, tensions and pressure, Russia’s military arms and weaponry sales earned approximately $15 billion at the closure of 2025, according to Kremlin report. At the regular session, chaired by Russian President Vladimir Putin on Jan. 30, the Commission on Military and Technical Cooperation with Foreign Countries analyzed the results of its work for 2025, and defined plans for the future.
It was noted that the system of military-technical cooperation continued to operate in difficult conditions, and with increased pressure from the Western countries to block business relations with Russia. The meeting, however, admitted that export contracts have generally performed sustainably. Russian military products were exported to more than 30 countries last year, and the amount of foreign exchange exceeded $15 billion.
Such results provide an additional opportunity to direct funds to the modernization of OPC enterprises, to the expansion of their production capacities, and to advanced research. It is also important that at these enterprises a significant volume of products is civilian products.
The Russian system of military-technical cooperation has not only demonstrated effectiveness and high resilience, but has created fundamental structures, which allow to significantly expand the “geography” of supplies of products of military purpose and, thus strengthen the position of Russia’s leader and employer advanced weapons systems – proven, tested in real combat conditions.
Thanks to the employees of the Federal Service for Military Technical Cooperation and Rosoboronexport, the staff of OPC enterprises for their good faith. Within the framework of the new federal project “Development of military-technical cooperation of Russia with foreign countries” for the period 2026-2028, additional measures of support are introduced. Further effective use of existing financial and other support mechanisms and instruments is extremely important because the volumes of military exports in accordance with the 2026 plan.
Special attention would be paid to the expansion of military-technological cooperation and partnerships, with 14 states already implementing or in development more than 340 such projects.
Future plans will allow to improve the characteristics of existing weapons and equipment and to develop new promising models, including those in demand on global markets, among other issues – the development of strategic areas of military-technical cooperation, and above all, with partners on the CIS and the CSTO. This is one of the priority tasks to strengthen both bilateral and multilateral relations, ensuring stability and security in Eurasia.
From January 2026, Russia chairs the CSTO, and this requires working systematically with partners, including comprehensive approaches to expanding military-technical relations. New prospects open up for deepening military-technical cooperation and with countries in other regions, including with states on the African continent. Russia has been historically strong and trusting relationships with African countries. In different years even the USSR, and then Russia supplied African countries with a significant amount of weapons and military equipment, trained specialists on their production, operation, repair, as well as military personnel.
Today, despite pressure from the West, African partners express readiness to expand relations with Russia in the military and military-technical fields. It is not only about increasing supplies of Russian military exports, but also about the purchase of other weapons, other materials and products. Russia has undertaken comprehensive maintenance of previously delivered equipment, organization of licensed production of Russian military products and some other important issues. In general, African countries are sufficient for consideration today.
World
Trump Picks Kevin Warsh to Succeed Jerome Powell as Federal Reserve Chair
By Adedapo Adesanya
President Donald Trump has named Mr Kevin Warsh as the successor to Mr Jerome Powell as the Federal Reserve chair, ending a prolonged odyssey that has seen unprecedented turmoil around the central bank.
The decision culminates a process that officially began last summer but started much earlier than that, with President Trump launching a criticism against the Powell-led US central bank almost since he took the job in 2018.
“I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” Mr Trump said in a Truth Social post announcing the selection.
US analysts noted that the 55-year old appear not to ripple market because of his previous experience at the apex bank as Governor, with others saying he wouldn’t always do the bidding of the American president.
If approved by the US Senate, Mr Warsh will take over the position in May, when Mr Powell’s term expires.
Despite having argued for reductions recently, “Warsh has a long hawkish history that markets have not forgotten,” one analyst told Bloomberg.
President Trump has castigated Mr Powell for not lowering interest rates more quickly. His administration also launched a criminal investigation of Powell and the Federal Reserve earlier this month, which led Mr Powell to issue an extraordinary rebuke of President Trump’s efforts to politicize the independent central bank.
World
BRICS Agenda, United States Global Dominance and Africa’s Development Priorities
By Kestér Kenn Klomegâh
Donald Trump has been leading the United States as its president since January 2025. Washington’s priority is to Make America Great Again (MAGA). Trump’s tariffs have rippled many economies from Latin America through Asian region to the continent of Africa. Trump’s Davos speech has explicitly revealed building a ‘new world order’ based on dominance rather than trust. He has also initiated whirlwind steps to annex Greenland, while further created the Board of Peace, aimed at helping end the two-year war between Israel and Hamas in Gaza and to oversee reconstruction. Trump is handling the three-year old Russia-Ukraine crisis, and other deep-seated religious and ethnic conflicts in Africa.
These emerging trends, at least in a considerable short term, are influencing BRICS which has increased its geopolitical importance, and focusing on uniting the countries in the Global East and Global South. From historical records, BRICS, described as non-western organization, and is loosing its coherence primarily due to differences in geopolitical interests and multinational alignments, and of course, a number of members face threats from the United States while there are variations of approach to the emerging worldwide perceptions.
In this conversation, deputy director of the Center for African Studies at Moscow’s National Research University High School of Economics (HSE), Vsevolod Sviridov, expresses his opinions focusing on BRICS agenda under India’s presidency, South Africa’s G20 chairmanship in 2024, and genegrally putting Africa’s development priorities within the context of emerging trends. Here are the interview excerpts:
What is the likely impact of Washington’s geopolitics and its foreign policy on BRICS?
From my perspective, the current Venezuela-U.S. confrontation, especially Washington’s tightened leverage over Venezuelan oil revenue flows and the knock-on effects for Chinese interests, will be read inside BRICS as a reminder that sovereign resources can still be constrained by financial chokepoints and sanctions politics. This does not automatically translate into BRICS taking Venezuela’s side, but it does strengthen the bloc’s long-running argument for more resilient South-South trade settlement, diversified energy chains, and financing instruments that reduce exposure to coercive measures, because many African and other developing economies face similar vulnerabilities around commodities, shipping, insurance, and correspondent banking. At the same time, BRICS’ expansion makes consensus harder: several members maintain significant ties with the U.S., so the most likely impact is a technocratic push rather than a loud political campaign.
And highlighting, specifically, the position of BRICS members (South Africa, Ethiopia and Egypt, as well as its partnering African States (Nigeria and Uganda)?
Venezuela crisis urges African members to demand that BRICS deliver usable financial and trade tools. For South Africa, Ethiopia, and Egypt, the Venezuela case is more about the precedent: how quickly external pressure can reshape a country’s fiscal room, debt dynamics, and even investor perceptions when energy revenues and sanctions compliance collide. South Africa will likely argue that BRICS should prioritize investment, industrialization, and trade facilitation. Ethiopia and Egypt, both debt-sensitive and searching for FDI, will be especially attentive to anything that helps de-risk financing, while avoiding steps that could trigger secondary-sanctions anxieties or scare off diversified investors.
Would the latest geopolitical developments ultimately shape the agenda for BRICS 2026 under India’s presidency?
India’s 2026 chairmanship is already framed around “Resilience, Innovation, Cooperation and Sustainability,” and Venezuela’s shock (paired with broader sanction/market-volatility lessons) will likely sharpen the resilience part. From an African perspective, that is an opportunity: South Africa, Ethiopia, and Egypt can press India to translate the theme into deliverables that matter on the ground: food and fertilizer stability, affordable energy access, infrastructure funding. India, in turn, has incentives to keep BRICS focused on economic problem-solving rather than becoming hostage to any single flashpoint. So the Venezuela episode may function as a cautionary case study that accelerates practical cooperation where African members have the most to gain. And I would add: the BRICS agenda will become increasingly Africa-centered simply because Africa’s weight globally is rising, and recent summit discussions have repeatedly highlighted African participation as a core Global South vector. South Africa’s G20 chairmanship last year explicitly framed around putting Africa’s development priorities high on the agenda, further proves this point.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn











