Education
Registration for InterswitchSPAK Nigeria 6.0 Begins as Interswitch Doubles Prizes
By Modupe Gbadeyanka
The 2024 edition of an annual national science competition organised by Interswitch, InterswitchSPAK, is expected to be bigger as the prizes have been doubled.
A statement from the digital payments firm disclosed that the registration for this year’s event tagged InterswitchSPAK Nigeria 6.0 has commenced, and that additional incentives have been introduced for more participants.
“We are excited to kick off another edition of InterswitchSPAK, the 6th in the series in Nigeria, and this year promises to be bigger and better than ever before.
“By doubling the prize pool and expanding opportunities, we are not only investing in the winners but also in the entire ecosystem of STEM education.
We are thrilled to see the impact this initiative has had over the last 5 editions and look forward to witnessing the brilliance and innovation of Nigeria’s young minds in this year’s competition,” the Executive Vice President & Group Chief Marketing and Communications Officer of Interswitch Group, Ms Cherry Eromosele, said.
Business Post reports that for this year’s contest, schools in Nigeria can register up to 20 SS2 Science Students each, marking an unprecedented scale of participation.
Registration for students via www.interswitchspak.com will be open until May 10, 2024, and it is free of charge to all applicants. The qualifying examination is conducted entirely online, allowing candidates to take it from the comfort of their school, home, or any convenient location.
The Computer Based Test (CBT) exams are scheduled to hold from Tuesday, May 14, to Saturday, May 18, 2024, from 8 am to 6 pm daily. Participants have the flexibility to choose the most suitable day, time, and venue for their exam, with two trials available.
Following the online qualifying examination, the top 81 students will proceed to the semi-finals and finals to compete for the coveted title of Nigeria’s Best STEM Student.
This year’s edition, with a prize pool of over N30 million, marks a 140 per cent increase from the erstwhile N12.5 million in prize winnings, demonstrating Interswitch’s unflinching commitment to educational development by doubling cash prizes for winners.
The first prize winner will receive N15 million tertiary scholarship spread over 5 years, a laptop, and monthly stipends. The second-place winner gets N10 million spread over 3 years and a laptop, while the third-place winner will get N5 million for 1 year.
In addition to the top three prizes, cash rewards are also available for the participants who secure the 4th to 9th positions. Furthermore, the top 18 semi-finalists will also receive cash prizes. The competition also recognizes the contributions of teachers and offers cash rewards for the top 27 contributing teachers.
Interswitch will also purchase JAMB e-PINS for the top 200 preliminary qualifiers to enable them register for the Joint Admissions and Matriculation Board (JAMB) examinations free of charge.
The InterswitchSPAK competition is a Corporate Social Responsibility (CSR) initiative of the Interswitch Group aimed to foster interest in Science, Technology, Engineering, and Mathematics (STEM) subjects among senior secondary school students across the country.
The last edition saw Abraham Daramola, a student of Hallmark Secondary School, Ondo State, emerge as the winner, while the duo of Emmanuel Omoegbeleghan from The Crescent International School, Ogun State, and Emmanuel Angelo-Hyuwa from The Ambassadors College, Ogun State, came second and third, respectively.
Education
Kidnappings: FG Reopens 47 Unity Schools
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.
Education
Coursera, Udemy Announce $2.5bn Merger
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.
Education
Luno, AltSchool Launch Crypto Education Programme for Nigerians
By Adedapo Adesanya
Global cryptocurrency platform, Luno and AltSchool Africa, an accredited online learning platform, have announced a strategic partnership aimed at demystifiing crypto to 15,000 Nigerians.
The initiative at that scale makes it Africa’s largest crypto education programme.
According to a joint statement on Wednesday, this is a significant step in Luno’s continued efforts to strengthen trust in digital assets and support safer participation in the digital economy.
This is hinged on Africa’s fast-growing digital finance landscape where 33 per cent of the country’s population already engage with digital assets, and a rapidly growing youth population are eager to participate in the digital economy.
According to the statement, the partnership aims to bridge the knowledge gap by providing structured, practical, and safe crypto education.
This will be done by combining Luno’s experience in promoting safe crypto participation with AltSchool Africa’s capability in delivering accessible digital skills training.
“The course directly addresses the misinformation and financial risks associated with unregulated digital assets, while demonstrating real-world applications tailored to African contexts,” the joint statement added.
The initiative will be implemented in three cohorts of 5,000 learners each. Applications for Cohort 1 will be open from January to February 2026, with the course commencing in March 2026. Cohort 2 participants will gain access to the course in July 2026, while Cohort 3 participants will begin the programme in November 2026.
The programme will be led by Web3 expert Mr Abdulsamad Tiamiyu, who will provide a practical, Africa-focused introduction to cryptocurrency, showing how it can be used for saving, remittances, global trading, and entrepreneurship.
The curriculum consists of five core modules and is designed to be completed within three to four weeks.
Learners benefit from up to one year of access to all course materials, including online, self-paced video lessons, slides, quizzes, and case studies. The course combines theory with hands-on experience, where learners interact with wallets, exchanges, stablecoins, and research tools like CoinGecko and Etherscan.
According to the organisers, this approach gives learners the tools to confidently use digital currencies in everyday financial activities. Successful learners, upon passing the assessments, earn an AltSchool Africa Certificate of Completion.
Speaking on the partnership, Mr Ayotunde Alabi, CEO of Luno Nigeria, said: “This initiative is a crucial intervention in Africa’s digital ecosystem. As crypto adoption accelerates, formal literacy must grow alongside it, so individuals can benefit safely and meaningfully,”
“Our partnership with AltSchool Africa is a deliberate step toward that goal and a foundational investment in the integrity of the industry. By delivering structured, high-quality education, Luno is helping ensure that Africans can participate confidently, securely, and sustainably – turning what is often seen as risk into real economic opportunity,” he added.
Adding his input, Mr Adewale Yusuf, Co-founder and CEO of AltSchool Africa, said “This partnership between AltSchool and Luno is a major step toward financial education that truly serves Africans and helps people gain the knowledge and tools they need to understand crypto with confidence and use it in practical, life-changing ways.”
The programme is open to Nigerian residents aged 18 and above who are able to commit to completing it within four weeks. Applicants must have a Luno account or create one before enrolling.
Starting January, Interested participants are encouraged to submit application through the AltSchool Africa portal, with scholarship decisions communicated within one week.
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