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InterswitchSPAK Concludes National Pre-Qualifying Exams for Season 8

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InterswitchSPAK 4.0

By Modupe Gbadeyanka

The national pre-qualifying examinations for the eighth season of the prestigious InterswitchSPAK have been concluded.

The exercise kicked off on Tuesday, June 9, 2026, and ended on Tuesday, June 16, 2026, with over 21,000 students participating, representing a 19.7 per cent increase compared with the over 18,000 registrations recorded in Season 7, underscoring continued nationwide growth and interest in the competition.

The competition is organised by Interswitch, Africa’s leading technology company focused on creating solutions that enable individuals and communities to prosper.

InterswitchSPAK was designed to identify and nurture exceptional Science, Technology, Engineering and Mathematics (STEM) talents at the secondary school level.

The national pre-qualifying examinations marked the first stage of a rigorous selection process designed to identify the brightest young minds in STEM across the country. Successful candidates will progress through subsequent stages of the competition, culminating in a televised grand finale where finalists compete for scholarships and prizes worth over N40 million.

This year’s registration process also introduced an expanded access model, allowing parents and guardians to register their wards directly, alongside the traditional school-based registration approach. This enhancement contributed to broader participation and reinforced Interswitch’s commitment to creating inclusive access to educational opportunities for talented students nationwide.

Over the past seven seasons, InterswitchSPAK has continued to deliver impact through scholarships, mentorship, and national recognition for outstanding students, while consistently promoting educational equity and excellence in STEM education.

The overall winner of Season 8 will receive a N15 million tertiary scholarship, including monthly stipends. The first runner-up will receive a N10 million scholarship, inclusive of monthly stipends, while the second runner-up will be awarded a N5 million scholarship, also including monthly stipends. All scholarships are payable over five years. In addition, all nine finalists will receive brand-new laptops and other exciting prizes.

Beyond the top prizes, Season 8 introduces enhanced rewards for finalists placed 4th to 9th, alongside increased recognition for the teachers of students who finish in the top nine. The expanded reward structure further underscores Interswitch’s commitment to celebrating academic excellence and recognising the vital role educators play in nurturing future STEM leaders.

Commenting on the continued growth and participation in the initiative, the Executive Vice President for Group Marketing and Communications at Interswitch, Ms Cherry Eromosele, said, “The remarkable increase in registrations for Season 8 reflects the growing enthusiasm among young Nigerians for STEM education and innovation. We are encouraged by the confidence students, parents, teachers, and schools continue to place in InterswitchSPAK as a platform for academic excellence and opportunity.”

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.

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Education

FG Raises WAEC, NECO Examination Fees by 82% to N50,000

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waec neco

By Modupe Gbadeyanka

The examination fees of Senior School Certificate Examinations (SSCE) conducted by the West African Examinations Council (WAEC) and the National Examinations Council (NECO) have been increased by the federal government by about 82 per cent to N50,000 from N27,500.

A circular signed by the Director of Senior Secondary Education in the Federal Ministry of Education, Mr Adeniji Ibrahim, disclosed that the new fees would become effective in 2027.

In the notice, it was disclosed that the government approved the upward review of the fees following a request by WAEC.

It was further disclosed that the decision to jack up the fees was reached after a March 31, 2026, meeting between the Minister of Education and examination bodies, where the need to review examination fees was discussed.

“You may recall that at a meeting of examination bodies held with the Minister of Education on March 31, 2026, where the need for upward review of examination fees was discussed, the Minister directed that WAEC and NECO should adopt a uniform fee for the conduct of WAEC and NECO SSCE,” the statement read.

“Consequently, I am directed to convey the Minister of Education’s approval of the sum of N50,000 only, as the new examination fee per candidate, with effect from NECO SSCE (Internal), 2027,” it added.

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Education

FIRST E&P Backs Next Generation of Nigerian Engineers at Olympiad Finale

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FIRST E&P Olympiad Finale

**Modibbo Adama University Emerges Grand Prize Winner, Secures N50m

A leading integrated independent exploration and production company with full-cycle upstream delivery capability, FIRST Exploration & Petroleum Development Company (FIRST E&P), has reaffirmed its commitment to developing Nigeria’s next generation of engineers.

This commitment was highlighted during the grand finale of the maiden edition of the Nigerian Engineering Olympiad (NEO), held on Tuesday, June 30, 2026, at Eko Hotel & Suites, Victoria Island, Lagos.

The event recognised outstanding student innovators whose engineering solutions addressed real-world challenges, marking the culmination of months of regional qualifiers, prototype development, mentorship and boot camp sessions that equipped students from universities and polytechnics across Nigeria with practical skills in engineering, innovation and entrepreneurship.

The Olympiad attracted 984 participants across 375 teams from more than 80 tertiary institutions representing all six geopolitical zones of the country.

Delivering the sponsor’s address, the General Manager, Engineering and Capital Projects, FIRST E&P, John Alamu, emphasised that the competition reflects the company’s commitment to equipping students with the practical knowledge and innovative mindset required to excel in engineering and strengthen Nigeria’s future workforce.

Alamu, noting that initiatives such as the Engineering Olympiad provide a structured platform for young talent to transform innovative ideas into practical solutions that contribute to the country’s technological and industrial advancement, stated that, “FIRST E&P believes that developing STEM capacity is an investment in this country’s ability to solve its own problems. The Nigerian Engineering Olympiad has taken young engineers and taught them to think beyond the drawing board, and FIRST E&P is proud to have been a funding partner for this initiative. I commend NCDMB for championing the Olympiad and Enactus Nigeria for successfully delivering a platform that is helping shape the next generation of Nigerian engineers and innovators.”

In his address, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, represented by the Acting Director, Planning, Research and Statistics, Silas Ajimijaye, expressed appreciation to FIRST E&P for their unwavering support in successfully delivering the Olympiad.

Ajimijaye added that the initiative aligns with the Federal Government’s Nigeria First Policy, which aims to build indigenous engineering capacity and equip young Nigerians with the knowledge and skills needed to drive industrial competitiveness, technological advancement, and sustainable national development.

The competition concluded in the awarding of prizes, with Team Mavericks of the Modibbo Adama University of Technology, Adamawa State, winning the grand prize of N50 million and a Centre of Excellence building for its Faculty of Engineering.

The team’s winning innovation, Ubuntu Sapphire, is a community-powered rapid alert system that uses affordable devices to instantly notify neighbouring households and emergency responders during emergencies, offering a practical solution aimed at strengthening community security and emergency response infrastructure.

Speaking after receiving the award, Team Lead, Dr David Patrick, expressed gratitude to the organisers and sponsors for providing a platform that fostered innovation and practical learning.

The University of Ibadan emerged as the first runner-up, receiving N30 million and N75 million worth of engineering equipment for its Faculty of Engineering. The University of Nigeria, Nsukka, secured third place and was awarded N20 million and N50 million worth of engineering equipment. The University of Jos finished fourth, receiving N10 million.

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Education

UBA Foundation Inspires Savings Culture With Money Explorers Book

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UBA Money Explorers Book

By Modupe Gbadeyanka

The Corporate Social Responsibility arm of the United Bank for Africa (UBA) Plc, UBA Foundation, has collaborated with Slum2School Africa to deliver a hands-on financial literacy workshop for underserved children.

At the event designed to equip participants with essential money management skills from an early age, an engaging learning companion, the UBA Money Explorers Book, was presented.

The book introduces the children to the fundamentals of financial literacy through interactive stories, practical money ledgers, games and activities.

The pupils were also introduced to the UBA Red Vault, a savings product created to encourage healthy financial habits from childhood.

This is part of UBA Foundation’s broader financial inclusion and social impact agenda, which promotes education, youth empowerment and community development through innovative learning programmes and grassroots outreach across the group’s 20 African countries of operation.

The Managing Director of UBA Foundation, Ms Bola Atta, underscored the importance of introducing children to financial education early, noting that such interventions help build lifelong habits that foster confidence, responsibility and economic independence.

“Every child deserves the tools to dream bigger and plan better, regardless of where they come from. When we teach a child to understand money, we are giving them confidence, choice and a clearer sense of what is possible.

“Our partnership with Slum2School Africa enables us to reach children who stand to benefit the most, and seeing their enthusiasm as they learn reminds us why this work is so important,” she stated.

Also commenting, UBA’s Segment Executive for Children and Youth Banking, Ozioma Obi, said, “We are creating products and experiences that make banking simple, relatable and enjoyable for children from their very first lesson.

“The Money Explorers Book and the UBA Red Vault are designed to make saving exciting rather than a task. When children begin this journey early, they develop habits that will serve them throughout their lives. That is how we nurture informed, empowered and financially responsible future generations.”

On his part, the Senior Programmes Manager for Slum2School Africa, Mr Adekunle Idowu, said, “Financial literacy is a life skill that every child deserves, regardless of their background.

“Through this partnership with UBA Foundation, we are helping children develop the confidence, knowledge and discipline to make informed financial decisions from an early age. When we empower children with these skills today, we are investing in a more financially responsible and economically resilient future.”

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