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Stanbic IBTC Offers Enhanced School Fees Payment Solutions

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stanbic ibtc bank

By Modupe Gbadeyanka

As schools reopen for another session following the Christmas and New Year festivities, Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, has reassured parents and guardians of the bank’s readiness to help minimize the financial burden of paying their children/wards fees as well as maximize a stress free payment process through its e-solution offering.

The bank said it has a bouquet of educational payment solutions which includes Short Term Loans that are quick and easy to get, Salary Advance (SALAD) for salaried workers as well as its credit cards that parents can take advantage of at minimal cost. Others are its international money transfer solutions for payment of school fees and allowances abroad and the digital payment options. It added that its prepaid cards are available to load pocket money for children/wards, while the credit cards, which currently offer a 55-day interest moratorium, can be used to seamlessly pay school fees. The school fees payment solutions according to the bank, underlines the importance it attaches to education.

Executive Director, Personal and Business Banking, Stanbic IBTC Bank PLC, Mr Wole Adeniyi, said a prosperous future for the family and the nation is hinged on the educational development of children, and that the bank is keen to offer the needed support to parents/guardians to ensure they bequeath their children this important legacy. “Stanbic IBTC appreciates the fundamental role education can and do play in transforming a society, which is why we have developed these products tailored to the needs of our customers to help them provide quality education for their children/wards,” Mr Adeniyi said.

“Stanbic IBTC will continue to develop products and services to support the attainment of quality education. The array of personal loan products is a fast, simple and convenient way by which customers can meet their short term financial obligations to educate their children. And the repayment terms are very convenient,” he added.

Other benefits of the school fees loans, according to Mr Adeniyi, include low interest rates, access to a revolving line of credit, flexible repayment terms, and the opportunity to access credit up to 100% of the customer’s income. With schools resuming for a new term, the school fees loans will help to alleviate the financial burden parents and guardians may face in paying school fees.

To access the loan solutions from the bank, according to Mr Adeniyi, the beneficiary only needs to be a salary account holder with Stanbic IBTC Bank or a customer who has investments with any of the group subsidiaries and then he/she can walk into any branch of the bank and apply for any of the smart loans in a few easy steps. The application is then processed and the customer is contacted with feedback. For customers with children/wards studying overseas, he disclosed that the bank is ready to assist them access the needed foreign exchange, which it offers at very competitive rates, in making school fees payment seamless and painless. “Stanbic IBTC Bank will continue to leverage the expertise of the Stanbic IBTC Group to provide services and develop products that address the specific needs of our customers,” Mr Adeniyi said.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Education

Nigerian Breweries to Empower 1,000 Lagos, Ogun, Enugu Students

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Nigerian Breweries Orange Corners Student Ambassadors Programme

By Modupe Gbadeyanka

Plans have been concluded by Nigerian Breweries to support about 1,000 Nigerian students in Lagos, Ogun, and Enugu States.

The foremost brewing company is carrying out this empowerment initiative with a leading non-profit organisation, FATE Foundation, through the Orange Corners Student Ambassadors Programme of the Netherlands.

This partnership marks a significant step in advancing youth entrepreneurship in Nigeria, equipping young people with the knowledge, skills, and opportunities needed to build sustainable businesses and contribute meaningfully to the nation’s economy.

This is because the scheme is to promote entrepreneurship and offer networking opportunities in Nigerian tertiary institutions. Ambassadors are selected from specific universities to inspire students to see entrepreneurship as a desirable career path and to foster a culture of innovation within universities.

It targets students aged 18–35 currently enrolled in tertiary institutions across Lagos, Ogun, and Enugu States.

“The partnership reinforces Nigerian Breweries’ long-standing commitment to youth empowerment and entrepreneurship development. Through initiatives like this, we are creating pathways for the next generation of entrepreneurs and business leaders in Nigeria,” the Corporate Affairs Director for Nigerian Breweries, Mr Uzodinma Odenigbo, stated.

He further highlighted the company’s track record in youth empowerment, noting that since the renewed focus on youth empowerment and entreprenuership, Nigerian Breweries has impacted 2,365 young Nigerians across 24 states and the FCT.

Also speaking on the partnership, the Executive Director of FATE Foundation, Ms Adenike Adeyemi, expressed enthusiasm about the collaboration between Nigerian Breweries and the Orange Corners Programme.

“Nigerian Breweries has been a longstanding partner with Orange Corners Nigeria in many ways. We are delighted to have the company continue to support the Orange Corners Programme and elated that this commitment will reach an additional 1000 young Nigerians leveraging the proven Orange Corners Student Ambassadors framework,” she said.

Ms Adeyemi outlined FATE Foundation’s role to include designing and delivering the training curriculum, managing student registration and participation, maintaining accurate records of all beneficiaries, and coordinating all logistical and technical aspects to ensure successful programme delivery.

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Education

Kidnappings: FG Reopens 47 Unity Schools

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By Adedapo Adesanya

The federal government has announced the reopening of the 47 unity schools earlier shut down due to security concerns on November 21.

This was disclosed in a statement by the Federal Ministry of Education on Thursday.

It said that the decision to reopen the affected colleges across the country reaffirmed its unwavering commitment to safeguarding students and ensuring the continuity of education.

On November 18, 2025, over 20 schoolgirls were kidnapped by unidentified armed men from the Government Girls Comprehensive Secondary School in Maga, Kebbi state.

Just three days later, on November 21, about 303 students and 12 teachers were kidnapped at St. Mary’s Catholic Primary and Secondary School in Papiri, Niger state.

In response, the federal government shut down 47 Federal Unity Colleges, and some states including Katsina, Taraba, and Niger also closed schools or restricted school activities, particularly boarding institutions.

Rights group including Human Rights Watch lamented that while these measures were aimed at protecting students, they disrupted learning for thousands of children, denied them access to education, and the social and psychological support schools provide.

FULL LIST OF AFFECTED UNITY COLLEGES

North-West:
FGGC Minjibir, FTC Ganduje, FGGC Zaria, FTC Kafanchan, FGGC Bakori, FTC Dayi, FGC Daura, FGGC Tambuwal, FSC Sokoto, FTC Wurno, FGC Gusau, FGC Anka, FGGC Gwandu, FGC Birnin Yauri, FTC Zuru, FGGC Kazaure, FGC Kiyawa, FTC Hadejia.

North-East:
FGGC Potiskum, FGC Buni Yadi, FTC Gashua, FTC Michika, FGC Ganye, FGC Azare, FTC Misau, FGGC Bajoga, FGC Billiri, FTC Zambuk.

North-Central:
FGGC Bida, FGC New-Bussa, FTC Kuta-Shiroro, FGA Suleja, FGC Ilorin, FGGC Omu-Aran, FTC Gwanara, FGC Ugwolawo, FGGC Kabba, FGGC Bwari, FGC Rubochi, FGGC Abaji.

South-West:
FTC Ikare Akoko, FTC Ijebu-Imusin, FTC Ushi-Ekiti, FTC Ogugu.

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Education

Coursera, Udemy Announce $2.5bn Merger

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Coursera and Udemy

By Adedapo Adesanya

Online learning platforms, Coursera and Udemy, have reached an agreement to merge in an all-stock transaction, with the combined company’s implied equity value estimated at approximately $2.5 billion.

The agreement, unanimously approved by both companies’ boards of directors, stipulates that Udemy shareholders will receive 0.8 shares of Coursera common stock for each Udemy share held.

Upon completion of the merger, Coursera shareholders are expected to own about 59 per cent and Udemy shareholders approximately 41 per cent of the new entity on a fully diluted basis.

The combined company will continue under the Coursera name, and maintain its headquarters in Mountain View, California.

Coursera, founded in 2012 by Mr Andrew Ng and Ms Daphne Koller, is an online learning platform with 191 million registered users as of September 30, 2025. It collaborates with over 375 universities and industry partners to offer courses, specialisations, professional certificates, and degrees.

The platform includes features such as generative AI (gen AI) tools (Coach, Role Play, Course Builder) and role-based solutions (Skills Tracks) to support scalable and personalised learning. Coursera is used by institutions for workforce development in fields such as gen AI, data science, technology, and business.

Udemy is a platform that provides on-demand, multi-language courses to help companies and individuals develop technical, business, and soft skills. It uses AI to offer personalised learning experiences and supports workforce development in a changing workplace.

Mr Greg Hart, currently CEO of Coursera, is set to lead the enlarged organisation as CEO after the merger.

The board will consist of nine members. Six from Coursera’s board, including chairman Mr Ng and CEO Mr Hart, and three from Udemy’s board.

“We’re at a pivotal moment in which AI is rapidly redefining the skills required for every job across every industry.

“Organisations and individuals around the world need a platform that is as agile as the new and emerging skills learners must master,” Mr Hart said.

The combination is said to create a complete ecosystem of top instructors supported by AI tools, data-driven insights, and broader distribution, enabling more engaging, personalised, and dynamic learning at scale.

Projected operational efficiencies include anticipated annual run-rate cost synergies of $115m within two years after closing.

Udemy CEO, Mr Hugo Sarrazin said: “For more than 15 years, Udemy has helped millions of people master in-demand skills at the speed of innovation.

“Through this combination with Coursera, we will create meaningful benefits for our learners, enterprise customers, and instructors, while delivering significant value to our shareholders, who will participate in the substantial upside potential of the combined company.”

The merger is anticipated to close in the second half of 2026, pending regulatory clearances, approval by both companies’ shareholders, and other customary closing conditions.

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