₦airaland Forum

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[quote author=Tfinal post=141165180][/quote]You're right

Omo.... This thread nor dey like before again. Everywhere just dry like bonga fish.

Comrades, abeg make this thread come alive with updates again.

So, for those asking about salary (I'll give a range though, not the exact pay), especially for GL8 (DS/BSc category), and other questions about the commission and the ongoing recruitment. You'll get legit info only. Let's stay informed.

Anyone with legit info is also encouraged to join. Let's help ourselves. Thank you. *Remove the spaces*

https:// chat. whatsapp. com/ Kl3T43jvWCJH0jd8cEhxP6?s=cl&p=a&iam=2

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We expect notification on shortlisted candidates for the next stage of the recruitment anytime this week.

Jesuferanmi1:
PLEASE which of these is the best place to work under State government in terms of money..
1. University/college of education (lecturing)
2. State universal basic education board
3. Board of internal revenue
4. Bureau of local government
5. Ministry of finance
6. Secondary school teaching (future principal) ...

Dem don dey use slot for govt work for that place sef?

Midterm Election Results: Americans vote "Blue" as Democrats successfully seized control of both the US House and Senate from Republicans.

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Tfinal:
around 700k for L8 I think

Hahahaha.... Stop that lie. It doesn't even come near. 700k is too high. I understand that the truth will be too disappointing and sad to believe.

The EFCC posted on their official Facebook page.

Olowomaris:
How many years is one expected to stay single before been allowed to get married and what the current take home pay for level 8

I think it's usually 3-4 years.

As for the pay, it's decent enough for a young person just starting out. There's a confidentiality clause as regards pay disclosure, as part of the ethics of the job.

MrSuama:
Many people are trying to take informed decisions.

Please, the name of this wonderful thread says, Monthly Salary, so it's not out of place to ask salary of entry level.

Imagine given 4 slots to choose from.

Then leave EFCC alone. It's not a do or die affair. Their salary is highly classified for reasons associated with the ethics of the job. Period! Kaaji?

Olowomaris:
Does anyone know the current salary for efcc level 8 ?

Rest and get the job first

Latest update from the source

https://recruitment.efcc.gov.ng/

Recruitment is live now.

Latest update from the source

https://recruitment.efcc.gov.ng/

Recruitment is live now.

People working at EFCC are denying this FCC recruitment poster. See EFCC see wahala o

Las las everybody go dey alright. Welcome to Naija.

EFCC "public" recruitment ongoing

EFCC "public" recruitment ongoing

THE 9 TRILLION NAIRA QUESTION: WHY ARE WE EXPORTING OUR HOLIDAYS?

Tourism in Nigeria is vastly underestimated and poorly harnessed. Year after year, Nigerians spend billions vacationing abroad — CBN data puts foreign travel spending at nearly $6 billion, a staggering estimate of about N9 trillion, in 2025. Many dream of seeing the Eiffel Tower but have never considered Idanre Hills, Yankari Game Reserve, or Obudu Mountain Resort. We talk about the London Eye and Victoria Falls, but rarely about our own 401-metre canopy walkway at the Lekki Conservation Centre, the longest in Africa.

The tourism industry has massive potential to contribute significantly to our economy. If adequate infrastructure, security, and private investment are put in place, a large portion of the foreign exchange currently lost to outbound tourism can be redirected into our own economy. Needless to say, this will also signal safety for steady Foreign Direct Investments (FDIs). This would create direct and indirect jobs, stimulate local businesses, and even improve security, as government and stakeholders would be more committed to protecting their assets in the sector.

The business of tourism, coupled with hospitality, is very much virgin territory for us as a country. It is a frontier enterprise with the potential to rake in billions annually — a fortune-making investment, not only for the government but also for daring, innovative entrepreneurs with a disruptive approach to weathering storms, forging strategic partnerships, and a knack for "selling" Nigeria.

From the Ikogosi Warm Spring in Ekiti State to the Agbokim Waterfalls in Cross River State, there are hundreds — yes, hundreds — of sites to admire the beauty of God's imprint on nature, learn history, spend some quality time with loved ones, and appreciate our cultural diversity even more.

#Tourism #VisitNaija

freeman67:
The Koko is for everyone to know their risk appetite ooo. In fact Commercial Papers are still within the range of 18% but one needs to have the required minimum and have a huge risk appetite.

Similarly, with Fxed Deposit need a substantial sum to be able to negotiate a higher rate that the general average one. Also, the firms that give higher rate than the general average are mostly microfinance banks.

I work with a wealth management firm and we have good rates for larger amounts.

Odunharry:
Bond holders are smiling while rates are falling.

Infact the amount of subscription for yesterday's auction was less than 2tr compared to over 5tr for last auction.

Monies are moving elsewhere.

I have since ported to do FD

So, are you saying that the FD rates is better than NTB yields?

TOWARDS A $1 TRILLION ECONOMY: EVERY BUILDING NOW HAS A DIGITAL IDENTITY

Today, October 1, 2026, the Federal government (through the Ministry of Communications, Innovation and Digital Economy under Dr. Bosun Tijani) has just launched the National Digital Alphanumeric Postcode System. This historic stride is one of the big steps towards building a $1 trillion economy by 2030, under President Bola Ahmed Tinubu's Renewed Hope Agenda.

With this latest development, every building gets a new 11-character code. This will assist with the easy identification of businesses and individuals across four levels: state, local government area, district, area and building.

The National Digital Alphanumeric Postcode System operated by the National Postal Service (NIPOST) will improve the security architecture and facilitate swift emergency response. And more importantly, grow the e-commerce economy,connecting residents and local businesses to endless opportunities.


Here's an example by NIPOST, showing what this will look like:

FC 02 A09 DB 09

1. State (2 letters): e.g. FC = Federal Capital, LA = Lagos, EK = Ekiti
2. LGA (2 digits): your Local Government
3. District (3 chars - letter + 2 digits): e.g. A09
4. Area (2 letters): your neighbourhood cluster, e.g. DB
5. Building (2 digits): your specific building, e.g. 09

So read left to right, it zooms from state down to your front door.


HOW TO GENERATE YOURS

You don't create it yourself — NIPOST generates it from GIS maps. You just look it up:

1. Online (main method):
- Go to postcode.gov.ng
- Allow location access if you are standing at the building, OR search by State > LGA > street / landmark
- Click on your building on the map
- System will show your 11-character code. Save and share it.

2. USSD (no internet):
NIPOST said USSD will be available for feature phones — same lookup without data.

3. If your building is not on the map yet:
Not every building is captured yet. Don't use your neighbour's code.
- On http://postcode.gov.ng, use Request Postcode
- Submit address + GPS / Google Maps link + photos
- NIPOST says they review within 24 hours and assign you a new code.

Important:
- Code belongs to the building, not you. If you move, you start using the new building's code.
- It's free for individuals.
- Use it _alongside_ your normal street address for deliveries, KYC for banks, emergency services.

September was a big month for Nigeria's fixed income market. From MPR "reset" to JP Morgan and FTSE Russell's upgrade.

Here’s what happened:

📉 CBN cut rates for the first time in over a year — MPR down from 26.5% to 23%. The CBN Governor, Mr. Olayemi Cardoso called it a "reset," but the market read it as the start of rate cuts.

💸 T-Bill yields crashed. 1-year bill fell from 17.15% to 15.89% in just 3 weeks. Investors subscribed over N4.2 trillion for just N1tn offered.

🏦 OMO demand hit record N20.6 trillion in September. Why? CBN now allows everyone — not just banks — to buy. System liquidity surged to a record N8.84 trillion today.

📊 Bills vs Bonds split. Everyone bought short-term T-Bills, but sold long-term FGN Bonds. Average bond yield up to 15.7%.

🌍 Nigeria is back on global radar. JP Morgan is adding Nigeria back to its local currency bond index after 10 years out. Alongside FTSE Russell's equity upgrade last week, this means foreign money is coming back.

Rates are falling, liquidity is high, and Nigeria is back on foreign investors’ shopping list.

FIXED INCOME MARKET REVIEW — SEPTEMBER 2026

September was a big month for Nigeria's fixed income market. From MPR "reset" to JP Morgan and FTSE Russell's upgrade.

Here’s what happened:

📉 CBN cut rates for the first time in over a year — MPR down from 26.5% to 23%. The CBN Governor, Mr. Olayemi Cardoso called it a "reset," but the market read it as the start of rate cuts.

💸 T-Bill yields crashed. 1-year bill fell from 17.15% to 15.89% in just 3 weeks. Investors subscribed over N4.2 trillion for just N1tn offered.

🏦 OMO demand hit record N20.6 trillion in September. Why? CBN now allows everyone — not just banks — to buy. System liquidity surged to a record N8.84 trillion today.

📊 Bills vs Bonds split. Everyone bought short-term T-Bills, but sold long-term FGN Bonds. Average bond yield up to 15.7%.

🌍 Nigeria is back on global radar. JP Morgan is adding Nigeria back to its local currency bond index after 10 years out. Alongside FTSE Russell's equity upgrade last week, this means foreign money is coming back.

Rates are falling, liquidity is high, and Nigeria is back on foreign investors’ shopping list.

FIXED INCOME MARKET REVIEW — SEPTEMBER 2026

September was a big month for Nigeria's fixed income market. From MPR "reset" to JP Morgan and FTSE Russell's upgrade.

Here’s what happened:

📉 CBN cut rates for the first time in over a year — MPR down from 26.5% to 23%. The CBN Governor, Mr. Olayemi Cardoso called it a "reset," but the market read it as the start of rate cuts.

💸 T-Bill yields crashed. 1-year bill fell from 17.15% to 15.89% in just 3 weeks. Investors subscribed over N4.2 trillion for just N1tn offered.

🏦 OMO demand hit record N20.6 trillion in September. Why? CBN now allows everyone — not just banks — to buy. System liquidity surged to a record N8.84 trillion today.

📊 Bills vs Bonds split. Everyone bought short-term T-Bills, but sold long-term FGN Bonds. Average bond yield up to 15.7%.

🌍 Nigeria is back on global radar. JP Morgan is adding Nigeria back to its local currency bond index after 10 years out. Alongside FTSE Russell's equity upgrade last week, this means foreign money is coming back.

Rates are falling, liquidity is high, and Nigeria is back on foreign investors’ shopping list.

Nairametrics just reported that Dangote is expanding into Namibia, and they asked the big question: what does this mean for young Africans playing in the value chain?

It reminded me of a documentary by Tayo Aina on YouTube, exploring how Namibia is Africa's most isolated and emptiest country.

Think about this:

Nigeria, with over 230 million people, has a landmass of about 923,768 km².
Namibia, with only about 3 million people, has a landmass of about 825,615 km².

Nigeria is only slightly bigger, but Namibia is nearly 70 times emptier. It's mostly desert - Africa's least densely populated sovereign country.

So why is Dangote, Africa's most ambitious conglomerate, betting big on it?

He just announced a $3.5 BILLION plan:

✅ A 1.6-million-barrel fuel storage terminal in Walvis Bay, on 70 hectares at Farm 58

✅ A 2,650km pipeline network: Walvis Bay → Botswana → South Africa, with a second line through Zimbabwe and Zambia up to the DRC

The goal is to turn Walvis Bay into the Rotterdam of Southern Africa - the storage and distribution hub for landlocked SADC countries, where people currently pay almost $6 per gallon.

What does this mean for daring young Africans in real estate?

When a conglomerate moves like this, opportunity doesn't come as houses in the desert. It comes in clusters:

1. Industrial Real Estate: Warehouses, truck parks, fabrication yards around Walvis Bay.

2. Worker Housing: Thousands of engineers will need decent 2/3-bedroom flats and short-lets in Erongo.

3. Corridor Value: Land along the pipeline route will appreciate.

Namibia is empty today. It won't stay that way.

We've seen what happened with Ibeju-Lekki. Is Walvis Bay the next frontier?

#Dangote #Namibia #RealEstateAfrica

Despite the falling yields on fixed income instruments, there was an overwhelming over-subscription at the latest primary market auction of OMO bills.

OMO which is the acronym for Open Market Operations is the CBN's monetary policy tool for controlling money supply (liquidity mop-up) and keeping inflation down, thereby retaining the strength/purchasing power of the Naira.

At the September 24 auction, N6.1 trillion in total bids was recorded against N1 trillion offered by the Central Bank of Nigeria. While excluding the 68-day tenor that was initially offered, the apex bank settled for an allotment of N2.3 trillion for 152-day and 180-day maturities at 17.29% and 16.99%, respectively.

N6.1 TRILLION CHASES N1 TRILLION AT LATEST OMO BILL AUCTION

Despite the falling yields on fixed income instruments, there was an overwhelming over-subscription at the latest primary market auction of OMO bills.

OMO which is the acronym for Open Market Operations is the CBN's monetary policy tool for controlling money supply (liquidity mop-up) and keeping inflation down, thereby retaining the strength/purchasing power of the Naira.

At the September 24 auction, N6.1 trillion in total bids was recorded against N1 trillion offered by the Central Bank of Nigeria. While excluding the 68-day tenor that was initially offered, the apex bank settled for an allotment of N2.3 trillion for 152-day and 180-day maturities at 17.29% and 16.99%, respectively.

N6.1 TRILLION CHASES N1 TRILLION AT LATEST OMO BILL AUCTION

Despite the falling yields on fixed income instruments, there was an overwhelming over-subscription at the latest primary market auction of OMO bills.

OMO which is the acronym for Open Market Operations is the CBN's monetary policy tool for controlling money supply (liquidity mop-up) and keeping inflation down, thereby retaining the strength/purchasing power of the Naira.

At the September 24 auction, N6.1 trillion in total bids was recorded against N1 trillion offered by the Central Bank of Nigeria. While excluding the 68-day tenor that was initially offered, the apex bank settled for an allotment of N2.3 trillion for 152-day and 180-day maturities at 17.29% and 16.99%, respectively.

yemioke:
Please, which one is better to invest 15m in, Treasury bills vs Bond. and which platform is better: I-invest vs Afrinvest.

Thank you.

I'm a fund manager. I'd advise you invest in a money market fund focused on fixed income instruments, which includes T-Bills, bonds and commercial papers. You can do 3 months, 6 months or 1 year.