Education
Financial Literacy: Stanbic IBTC, JAN Host MoneyBee Competition
A member of Standard Bank Group, Stanbic IBTC Holdings Plc, has partnered with Junior Achievement of Nigeria (JAN) to host the inaugural MoneyBee competition aimed at promoting financial literacy among secondary school pupils and in commemoration of this year Children’s Day celebration.
Chief Executive of Stanbic IBTC Bank Plc, Dr Demola Sogunle, urged Nigerian students to acquire financial literacy skills as this would lead to their financial freedom early in life and equip for the future. He insisted that the imperativeness of financial literacy among students cannot be over emphasized.
Mr Sogunle urged the students to “make sure that you learn something new in financial literacy for your personal growth.”
He said, “At Stanbic IBTC we have long identified education, a key pillar of our corporate social investment, as pivotal, along with financial literacy, to economic growth and development. Thus, we are always pleased to engage our future leaders to share financial literacy nuggets with them.”
The bank executive further said to share some success nuggets that would help the students excel in life which include: acquiring good education, discipline, volunteering and continuous self-improvement.
According to him, “education is important: I know that at a young impressionable age, schooling or getting an education might seem like a difficult chore. Some people might even tell you that it is not important, believe me- It is.
“Education gives you a competitive chance in life and a good education can open you up to a life of ease. Take your education seriously and make learning a priority.
“Education should not be limited to a schooling environment. Strive to take leanings from any environment you find yourself. Nothing you learn is wasted.”
On discipline, Mr Sogunle stated that discipline means “self-control, which is a sign of inner strength and control of yourself, your actions and reactions.”
“It gives you the power to stick to your decisions and follow them through, without changing your mind. If you must do things out of habit, make sure that the habit is one that you have built deliberately, is progressive and not destructive,” he added.
He stated further that, “You should also identify good role models and learn from them. A good mentor will help you achieve your goals faster because you will learn from their previous mistakes.”
Speaking on volunteering, he advised the students to sign up and take every good opportunity to volunteer- even for free, saying volunteering/apprenticeship is a smart way to gain experience and learn life lessons.
“It opens you up to the realities of life and gives you an opportunity to build your network. Volunteering for a good cause boosts your resume and gives you confidence in what you would have achieved,” he said.
While wrapping up his talks with the students, the top and successful banker charged them to “Never Stop Moving Forward: Always seek to improve yourself.”
He stressed that, “Life is a marathon not a sprint, you cannot afford to rest on your oars at any position you find yourself. You should keep moving, remain at whatever you are doing and keep in mind that continuous improvement is a sure way to being successful in life.”
In a similar vein, the Country Head Human Capital, Stanbic IBTC Holdings Plc, Ms Funke Amobi, stated that the essence of organizing the programme is to up skill students in secondary schools on financial literacy as regards information regarding the financial service institutions such as banking, pensions, insurance etc.
“We are doing this by quiz and competition, which is the way to test knowledge. This is the maiden edition and it will be an annual event,” she said.
A total number of 23 schools participated in the competition and two schools, Heritage Global Academy, Lagos and Canterbury International High School, Lagos emerged joint first place winners.
Educational Trust Account prizes worth N100,000 were given to each of the students who emerged first and second place winners, while the third place winner was given Education Trust prize worth N50,000.
By Adedapo Adesanya
The Nigerian Education Loan Fund (NELFUND) has granted another extension for its Student Loan Application Portal to accommodate institutions that requested additional time for the 2025/2026 academic session.
According to the statement signed by NELFUND’s Director of Strategic Communications, Ms Oseyemi Oluwatuyi, on Thursday, the extension applies only to institutions that submitted formal requests, allowing eligible students extra time to complete their applications.
“The Nigerian Education Loan Fund has approved an extension of its Student Loan Application Portal for institutions that have formally requested additional time for the 2025/2026 academic session,” the statement read.
Business Post reports that at the beginning of March, NELFUND announced an extension to the deadline by a week for its student loan application portal following a notable rise in nationwide interest driven by ongoing awareness campaigns.
Speaking on the development, NELFUND Managing Director and Chief Executive Officer, Mr Akintunde Sawyerr, reiterated the Fund’s commitment to ensuring that eligible students at participating institutions can access the student loan programme.
“NELFUND remains committed to ensuring that eligible students across participating institutions have the opportunity to access the student loan programme,” he said.
The Fund urges students in affected institutions to take advantage of the extension and submit their applications through the official portal.
It also emphasised its dedication to transparency, accountability, and providing sustainable financing solutions to remove financial barriers to higher education in Nigeria.
Established to administer the Nigeria Student Loan Scheme, NELFUND was enacted into law by President Bola Tinubu in April 2024.
The initiative provides interest-free loans to students in public tertiary institutions to cover tuition and living expenses.
Beneficiaries are required to repay the loans after completing their education and securing employment, aiming to increase access to higher education for students from low-income backgrounds.
By Adedapo Adesanya
The Nigeria Revenue Service (NRS) has inaugurated a Curriculum Review Committee aimed at strengthening taxation education in Nigerian academic institutions and improving the country’s tax administration system.
According to a statement, the committee was inaugurated on February 24, at the NRS Academy in Durumi as part of the agency’s broader efforts to modernise tax education and align academic training with the evolving demands of contemporary tax administration.
Speaking during the inauguration, the Director of the NRS Academy, Mr Adeolu Akinyemi, said the review exercise would involve collaboration with the Chartered Institute of Taxation of Nigeria (CITN) to develop a more structured and relevant curriculum for the academy.
He emphasised that the initiative seeks to ensure that taxation programmes taught in Nigerian institutions reflect current developments in tax policy and practice, while also equipping students with the practical knowledge required in today’s tax administration environment.
The committee has been tasked with examining existing taxation curricula across Nigerian institutions and proposing updates that incorporate modern tax policies, recent legislative changes, and emerging areas such as digital taxation and global tax practices.
Officials say the review is also designed to close the gap between theoretical classroom instruction and the practical realities of tax administration.
By strengthening the link between academic learning and professional practice, the revised curriculum is expected to better prepare graduates for careers in the tax sector.
The effort is further expected to enhance tax awareness among citizens, encourage voluntary tax compliance, and support the development of skilled tax professionals who can contribute to national revenue generation and economic growth.
The committee is chaired by Mrs Aisha Hamman Mahmoud, Special Adviser to the Executive Chairman of the NRS on Research and Statistics. Its membership includes representatives from the service as well as academic experts in taxation and fiscal policy, alongside professionals with experience in tax administration, policy formulation, and tax education.
The committee will work with relevant educational regulatory agencies and professional bodies to ensure that the proposed curriculum aligns with national academic standards while addressing the practical needs of Nigeria’s tax system.
The NRS stated that the initiative forms part of its ongoing commitment to expanding tax knowledge, strengthening professional capacity, and promoting responsible tax practices across the country.
The curriculum review exercise is expected to be completed within 60 days, after which the Service plans to provide further updates on the implementation of the revised programme.
By Modupe Gbadeyanka
The first batch of Nigerian undergraduates to enjoy fully paid scholarships for studying science, technology, engineering and mathematics (STEM) courses across the continent has been chosen by Airtel Africa Foundation.
Business Post gathered that 70 students from universities across Nigeria were selected from thousands of applicants through an independently managed process, which took nearly six months.
It was learned that most of the undergraduates were from the University of Lagos (UNILAG), Obafemi Awolowo University (OAU) Ile-Ife, the University of Benin (UNIBEN), Tai Solarin University of Education (TASUED), the University of Ilorin, Ahmadu Bello University (ABU Zaria), and the University of Nigeria (UNN).
The scholarship covers tuition, laptop computers, living expenses, and essential learning resources, a statement from Airtel Africa Foundation disclosed.
The chairman of the foundation, Mr Segun Ogunsanya, speaking at the presentation of the scholarships to the beneficiaries at the Lagos headquarters of Airtel Nigeria, emphasised the need for initiatives such as the Airtel Africa Foundation’s undergraduate tech scholarship for the future of the continent.
“True legacy is not measured by the awards we win or the volume of SIM cards we sell; it is measured by the lives we save, the people we feed, and the students we support when the line between success and failure is at its thinnest.
“At the Airtel Africa Foundation, we believe that lifting people out of poverty is the ultimate benchmark of a great company. Today, we are writing that legacy by tilting the balance in favour of the brilliant but underserved, ensuring that the fourth industrial revolution, driven by AI and Data Science, is built by African talent for the African continent,” he stated.
Mr Ogunsanya further revealed that this fellowship, executed through Airtel Nigeria, is designed to bridge the gap where funding, skills, and opportunity often fail to meet.
In addition to the N500,000 yearly budget for the fellows’ four-year or five-year courses, each fellow would be integrated into a structured support system for academic guidance and career mentorship, intended to ultimately transition students from the classroom to the global tech workforce.
Addressing the students, the chief executive of Airtel Nigeria, Mr Dinesh Balsingh, stressed that youth development is a strategic imperative for Airtel.
“At Airtel Nigeria, we view youth development as essential nation-building. When young people succeed, innovation accelerates, and social stability improves.
“By connecting these brilliant scholars to knowledge, skills, and confidence, we are fulfilling our core mission to connect people to opportunity. To our recipients: you earned your place here through merit and discipline. You are now ambassadors of excellence, and we expect your leadership to be defined by your conduct as you help shape a more inclusive digital future for Nigeria,” the Airtel Nigeria chief said.
The Nigerian cohort joins a prestigious network of Airtel Africa Foundation fellows currently studying in Tanzania, the Democratic Republic of Congo (DRC), Uganda, and India.
The initiative underscores a broader commitment to technology education, youth development, and Nigeria’s digital economy.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 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